I think the reason why they are increasing and they offers best service to us because they are not regulated.
There are gambling sites that are regulated but they are more strict, they want us to pass the KYC before gambling and I don't like that idea.
Honestly, I would rather gamble in site that is not license but has gain good reputation in the space as we can preserve our privacy with them.
To avoid scam, it's best to research the site, read some feedback, that would help a lot in choosing the good ones.
Topic: Regulating bodies - page 2. (Read 768 times)
All these casinos operate from small countries with next to no regulation. The only way to ever regulate it on a meaningful level all countries in the world would have to agree on a set of laws which is unlikely to happen.
I think that such regulation would have come from the regulation of cryptocurrency itself because that will be a model for regulation of any crypto project including that of casino but that does not exist for now.
Maybe but I don't think that regulation can fully apply in the cryptocurrency, but I don't know. Maybe regulating will be good for cryptocurrency but I still thinking of how to apply that regulation since cryptocurrency is not bonded to the governments. I don't know either if the casino was regulating because so far, I only play the games like the other gamblers.
I think that such regulation would have come from the regulation of cryptocurrency itself because that will be a model for regulation of any crypto project including that of casino but that does not exist for now.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Having a regulatory body for online crypto casinos will not be easy at all, Don’t forget that some of this gambling sites operate from Caribbean island, and I would have suggested that the best way to know trusted gambling sites is to check for the ones who are licensed in their regions but most licensed casino sites would demand for KYC and this is what most gamblers hate to hear. And some are licensed but yet reputable, so we still can’t judge by that.Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
If you have fear of been scammed, then I advise you carry out a good research before you play on any site, For me the way I judge a reputable site is on how long it has existed and the reviews on the site, but a regulatory body for crypto casino is never going to happen.
I do not think a regulating body is necessary for crypto gambling. we already have stuff like provable fair gambling and other methods for checking frauds.
We should just regulate more with codes and less with humans for the sake decentralization.
Exactly mate. Even on this forum it would be easy to get a reputable casino site. So if anyone is in doubt of a casino site he can easily bring it up and would get help as soon as possible. If regulatory body works for another things it’s definitely not going to work with casino sites because with the history of gambling and how the site is created most of them operate illegally. We should just regulate more with codes and less with humans for the sake decentralization.
The funny thing is some of the sites that would actually be reliable, because they are licensed, gamblers would not like to play on it because of some of its rules that might not be suitable for them. For example every site that is licensed must ask for kyc at withdrawal in their site but who would want to do this, irrespective of how genuine the site might be?
There is no central authority here due to the anonymous nature of crypto itself and no one would prefer such a regulated entity, but there is an organization which promotes various popular casinos which have proven to be reliable over time.
Organization : https://cryptogambling.org/
Move this topic to Gambling Discussion asap op.
Organization : https://cryptogambling.org/
Move this topic to Gambling Discussion asap op.
somehow there is such as the Caribbean island-based regulatory body to which one of them is Curaçao eGaming. one project that is registered to them was EOSbet. i don't know if we can consider a platform to be an regulatory body like the EOSio because as far as i know they list projects that the foundation support making them legitimate.
I do not think a regulating body is necessary for crypto gambling. we already have stuff like provable fair gambling and other methods for checking frauds.
We should just regulate more with codes and less with humans for the sake decentralization.
We should just regulate more with codes and less with humans for the sake decentralization.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
It's almost impossible to have a regulatory body for online crypto casinos because they are not bound by regions. Crypto casinos can be operated from any countries so the best way to see its legitimacy is to check if a casino is licensed in their country or not. ALl license crypto casinos usually show their company name and license number in their website which can be validated through the company directory of their respective countries. That's the first level of validation anyone can do.
Second level validation is mainly the reputation check. Looks for their official thread in big forums like bitcointalk and go through the recent comments. You will definitely get an idea about what's going on. These reputation check will give you a very good overview about a particular casino and you can accordingly decide whether you want to go ahead with them or not!
However, this is just a case if we think that regulations is really needed. For now, online betting platform are operating and working well. I do not have even made a complain to an online casino betting platform I was in. I was having a good choice.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
It's almost impossible to have a regulatory body for online crypto casinos because they are not bound by regions. Crypto casinos can be operated from any countries so the best way to see its legitimacy is to check if a casino is licensed in their country or not. ALl license crypto casinos usually show their company name and license number in their website which can be validated through the company directory of their respective countries. That's the first level of validation anyone can do.
Second level validation is mainly the reputation check. Looks for their official thread in big forums like bitcointalk and go through the recent comments. You will definitely get an idea about what's going on. These reputation check will give you a very good overview about a particular casino and you can accordingly decide whether you want to go ahead with them or not!
Quote
But the problem is who to trust?
There are a lot of trusted and tested gambling site by a lot of online-gamblers such as Primedice, fortunejack, stake, cloudbet and a lot more. Feel free to try it out and test it your self.
Quote
who plays fair and pays fair?
Trusted online-casinos use provably fair system, and as to withdrawals and deposits they have an instant payment and no issue about it. Or if ever there are, they have a 24-hour support which can help you which such problems, but this happens rarely.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
There is a regulation but limited to certain countries only.
I feel in overall, crypto gambling industry is very risky for gamblers but we still gamble despite knowing that.
Honestly, I can accept the risk and this forum is very helpful to members because members are active in providing feed back on gambling sites that are here.
Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
Gambling company will register in your country and it will undergo government jurisdictions which made a regulation to protect customer and the owner as well. Once cryptocurrency is allowed in your country then online gambling site using crypto will be fine, as long as they have a permit to operate by their gambling site. Now, we have a regulating body on gambling to make it sure that both parties are doing fair the operator and the customers. Actually here in the forum, there's a lot of crypto gambling site which having fair and trustworthy site due to longer running business. If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
I don't really get why you should be asking this question, when there are already a lot of good gambling around that you can bet on. There are sites with good reputation already, unless you're going for new sites that haven't been around for long, that's your choice. Just check out online casinos like Fortune Jack, CloudBet and 7Bit Casino. Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
The three of them are really good and they even offer you bonus after you sign up, which includes free Btc and some free free spins. Fortune Jack is the number one on the list, you should check it out cause it has gained a good reputation for itself already.
Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
That is not happening anytime soon. The government will only do this to impose high taxes on the gambling winnings. Instead, an open community can be established to regulate the gambling sites. Sites which have no history should be marked as unsafe for the gamblers. Every site should be verified by this body for possible shady activities or their bankroll to make sure they're serious about the business.If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
But what if the government already forbid crypto from the beginning ?
That's an endless discussion. 
Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
But what if the government already forbid crypto from the beginning ?
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.
But what if the government already forbid crypto from the beginning ?
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
I dont think that there's a party that handles cryptocurrency gambling regulation since crypto is decentralized and it doesnt need any regulating bodies to manage. All those fraud happenings are just isolated and cant be helped.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
There are no such thing as regulating bodies that can forcefully implement anything.
There are individual reviewers and comparisons but they too shouldn't be fully trusted as they might be doing paid promotions.
Some good individuals of this forum has created several thread to compare different types of gambling site, it would be a much better and neutral view than found on any other websites.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
I heard there are only a little gambling site that really fair. But i only use famous gambling site to play and not think about fair or no fair as long i bet normally and not really think if lose. Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?
Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
No one is going to regulate online crypto gambling but you can check the legitimacy of bets on any gambling sites then you can find it they are playing provably fair or any other cheating involved.Don't give your identity to anyone if you are not comfortable,nothing in this world can be completely trusted. Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.
Jump to: