Running an online Bitcoin gambling website - page 5.

libert19

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Quote from: libert19 on January 24, 2020, 03:47:43 AM

I have seen anonymous people running gambling website without any license. There are few on steemit, magicdice was the first to start the trend and later lead person exit scammed, since he was anonymous, no one could do anything.

There websites who still know that many people didn't do study or research that's why they keep doing it. However all we need to do is to assured ourselves that we need to research and report those websites that only aim is to scam users. We need to be responsible enough in our investment, remember if it's too good to be true, it's probably a scam.

There wasn't much destruction in terms of funds, since it was on chain betting all winning were transferred instantly. It's just that some mined tokens and all their 'minting' hard work went in vain.

There was no blatant signs of scam and thus even experienced users fall for it.

YOSHIE

legendary

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Quote from: yushey on January 23, 2020, 10:17:34 AM

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

There are a number of methods that you must employ in Canada for gambling that you are currently developing.
That I know in Canada every online casino, which runs must have laws set by the Canadian state .

There are procedures, rules and methods of online casino that you must obey in that country, for the security of your gambling site.

Example: You might, can see below, gambling sites that are currently in Canada.

ONLINE CANADIAN CASINO GUIDE: EVERYTHING YOU NEED TO KNOW

CANADIAN GAMBLING REGULATIONS

And this is Bitcoin Casinos, which is now.

Bitcoin Casinos in Canada 2020

BITCOIN CASINOS – WHY ARE THEY SO POPULAR IN CANADA?

I hope this can help you about doubts about gambling sites that you experience now.

bitcoin31

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If you are lpcated to the country of Canada better to apply for licenss so once you want to operate gambling site online to your country you cannot having any problem. Because a business need to have a license so it will become legal because if the government find that your online gambling sites does not have any license possible for you to pay penalty or your gambling site will close.

libert19

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I have seen anonymous people running gambling website without any license. There are few on steemit, magicdice was the first to start the trend and later lead person exit scammed, since he was anonymous, no one could do anything.

Ucy

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Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

In my opinion, it's necessary to follow the gambling law of the country you are operating from, especially if you are creating a serious gambling business. Unless you want to do this from a country with favorable gambling law?
I think you should read and understand what the Canadian laws say concerning gambling, try to list them down and apply them on your site. Or a lawyer can be used as someone suggested.
Alternatively (in my opinion) you could have multiple partners around the world(esp partners in countries with favorable laws) to co-own the gambling site. Or you could just build a decentralized gambling site with other people and make it non-profit or something.

Ayiranorea

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Quote from: maxreish on January 24, 2020, 01:12:28 AM

Sorry, mate. As per updated law regarding the regulations of online gambling, it was already prohibited. Mind check this out:
- https://iclg.com/practice-areas/gambling-laws-and-regulations/canada

It says it is considered as illegal. Your plan of developing and creating gambling website is indeed illegal in your prestigous country. Drop the plan, bro. Before getting into troubles. You can DYOR for confirmations about the existing gambling laws in your country.

As suggested it is good to DYOR and proceed further. Also there is chances to register on countries where gambling is supported and further move to Canada in the future if government shows green signal to gambling sites. Also when it is crypto based gambling site, cryptocurrency related laws also need to be considered.

passwordnow

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I would get an advice from a lawyer and consult this matter. And explain to him what you want to build and start as a business through cryptocurrencies, he/she might not understand what bitcoin is so you have to give him a brief summary of what it is.
Given with the websites suggested to you, there is a possibility that it might missed a lot of updates.

maxreish

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Sorry, mate. As per updated law regarding the regulations of online gambling, it was already prohibited. Mind check this out:
- https://iclg.com/practice-areas/gambling-laws-and-regulations/canada

It says it is considered as illegal. Your plan of developing and creating gambling website is indeed illegal in your prestigous country. Drop the plan, bro. Before getting into troubles. You can DYOR for confirmations about the existing gambling laws in your country.

Hippocrypto

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Quote from: Shimmiry on January 23, 2020, 05:18:15 PM

Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

As far as I know, anything you make as long as you can gain huge income depending on your country/government would still be requiring papers to be accepted as business as most of the government often depend on their people's taxes. Therefore, making such businesses that involves making money in any form would be counted as taxable business.

As part of the government's regulation on the requirements to run a business, that should be complied. Taxes is collected from the gambling business whether it's a fiat or bitcoin online gambling, which will be used for the country's development. Every institution must be registered as legit business, to avoid being subjected by the law.

Shimmiry

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Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

As far as I know, anything you make as long as you can gain huge income depending on your country/government would still be requiring papers to be accepted as business as most of the government often depend on their people's taxes. Therefore, making such businesses that involves making money in any form would be counted as taxable business.

vintages

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There are so many resources online that could help you such as this; https://www.gamblinginsider.ca/legal-online-casinos/ but still, I agree with what the other user stated above. Get a lawyer in your state to help you handle this to avoid any future issues. The lawyer should also help you out on getting a licence. At least, if not for anything, having a licence guaranty trust from users.

Theb

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I'm not that familiar with e-gambling laws in Canada but generally if you want to run a casino online you must need a e-gaming license for it for which I don't know where you will begin with. Other option is of course moving up internationally and get your license there since majority of the countries (except USA) allows their citizens to online gambling sites that are still licensed. One of the preferred choices of online gambling sites is the country of Curacao as they have one of the most easiest yet most recognized licenses out there. So maybe if moving to another country isn't a problem you still have that option and you can still make Canadians as your main target.

ololajulo

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Before you consult a lawyer you can also do some research online, It can save some fund if you already know. Except the rule had change gambling is only allowed locally in Canada but online gambling have stricter rule, meant to protect the citizens. There are some illegally gambling site but citizen are advised to stay-off such site and site recommendation are made online for interested gamblers

DarkDays

legendary

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So long as you never interact with fiat currencies, it's legal to own and operate an online gambling website in almost all countries.

With that said, you'll probably want to set up outside Canada, somewhere like Malta, Bermuda or Antigua, since these tend to be common starting points for most casinos.

Alternatively, take a look at the platforms that are similar to what you want to build, then check where they were founded and where their servers are currently hosted.

You can use the following website for this purpose: https://who.is

DoublerHunter

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It has been stated in the first reply that it is better if you hire a lawyer. Because they know much better about jurisdictions in every country and I think country of Canada allows us to register a gambling business. It is good if your gambling site was fully registered and you dont have encountered possible problems. The most place that good to have a license are Curacao and Costa Rica.
Nevertheless, I provide here a list of Jurisdictions with Gambling Licenses.

MyIdeas

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Quote from: enhu on January 23, 2020, 02:11:11 PM

There are projects in crypto like the EarnBet which they got a license to operate online from egaming curacao. I suppose its just what is needed to run a gambling website and maybe the hosting to be offshore location. I'm not sure if it matters whether you are from Canada or anywhere as long as you got the license but I could be wrong I haven't run a gambling site myself.

A license is important for running a gambling site because in the past I heard that many people asking for it from the casinos with which people want to trust on them. You can also see that many casinos have licenses which are now the bigger online casinos and those which do not have any license from any authority are just the dead casinos.

enhu

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There are projects in crypto like the EarnBet which they got a license to operate online from egaming curacao. I suppose its just what is needed to run a gambling website and maybe the hosting to be offshore location. I'm not sure if it matters whether you are from Canada or anywhere as long as you got the license but I could be wrong I haven't run a gambling site myself.

MyIdeas

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Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

Many people can run an anonymous online casino but I will suggest you to register that with your state as I have heard that Canada allow the casinos and try to get any license for online casino and show your identity on you casino if people will know these securities on your casino then they will trust on your casino and will like to gamble on your casino> That way you will not need to spend much amount on advertisement but still a main focus on advertisement is very important.

Heartilly

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Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

You need to register your business. You are making profits here so you need to be legalized even you are operating in crypto. But if you are brave enough to avoid the regulations, then risks it since you are just a small site for now. But when you noticed that there is an increase of players, you need to make things legally.

Second, it's not just about legality but you must also provide your bankroll details via showing your signed address with funds.

zhekinsp

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Quote from: yushey on January 23, 2020, 10:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

Seems like gambling activities were restricted on your country but I don't think you need to move to other countries to host a gambling sites related to crypto,you can do that online via countries which supports cryptos and gambling.

Topic: Running an online Bitcoin gambling website - page 5. (Read 1252 times)