Topic: Where to open an online Bitcoin Casino - page 4. (Read 1213 times)

Yes, it is better to have a license, so gamblers will not worry if we will scam them. It will be better if we can prove that our services are legit so they will comfort to play in our gambling site. The license will help us to get more and more gamblers to come and play on our website while they can spend more money, and that means we will make a big profit from gambling.

money is one of the recipe for making a gambling business but what if you live on a country that gambling is prohibited  ? still useless  . your money cant do anything if the government is not corrupt because you cant tip them to give a consideration like what other people and corrupt officials do  . also . site license would be nothing  if you your casino doesnt take to become the best   . small casino start without license too but they are only focusing on how to improve thier site and once they already have alot of base players  , that is the time they consider getting a license 

Planning to open an online bitcoin casino is really a great idea as long you have the enough funds to create one. I also think it is impossible for you to create a online casino if you don't have any license because no one would play on your site if you can't guarantee that your site is legal or legitimate.

Seek the legal advise because as far as I know online gambling still need a license even if you don’t want to. This is a serious business mate and you have to be serious on this one and don’t look for an easy way to achieve it better to be on a legal way. In my place you still have to follow the government rules but its not that hard so I’m confident if you have the money you can make a good gambling site.

Interesting suggestions that were given to you op and this will base on the particular location where you are residing right now. But if you I were you, if I can't avail to get a license then I will not start that casino. I'll save money until II can pay for a license. Safety first as they say. Don't pursue it if you can't right now but it's best to get a legal consultation so that it will be clear with whatever you're planning to do.

I fully agree with you and that is why my answer to the OP question in the first sentence of my post was:


When I already explained everything, just wanted to discuss hypothetical further if indeed today license is needed for BTC casinos?

Why?


Exactly, that's why because one can argue if license is really needed, when we use only BTC for deposits and withdrawals or even Monero, Dash which is fully anonymous?

Especially casino that doesn't provide any information about their geological location and the trust is established by a really good working and verifiable provably fair system.

In such circumstances, when the trust problem is resolved, again there is no need for licensing to attract clients.

If one would be able to find a location where a gambling license is not needed, then maybe it could be possible to start such a casino and to be successful?

Personally, I would recommend doing some market research before you invest time and/or money into the endeavor.

Frankly, the Bitcoin and cryptocurrency casino industry is quite crowded right now, only platforms with a strong reputation, and enviable industry links will be able to survive these days. It might be worth speaking to the owners of a few prominent casinos and asking them what the challenges they face are, e.g. customer acquisition and retention, innovation and growth. I don't think that many casinos are worried able regulatory roadblocks simply because most regulatory bodies don't consider cryptocurrency casinos to be either money transmitter platforms or regulated gambling institutions.

Because of this, it might be worth doing a double-take and analyzing your prospects of success before you go up against the heavyweights in the industry. In any case, I believe that Malta is the best option for you, particularly if you want to get a license, since the malta gambling authority seems to be one of the less stringent bodies.

For me, I would not like to play in an ILLEGAL (basically an illegal business if it is not yet registed or the owner don't want to legalize it) site to play, because when something happens I do not have any proof, or info on where do I file my case against the company, and the company will make this as their advantage only, they can run my funds and never comeback, when the time that people started know you have all the LEGAL DOCUMENTS , your website will surely have a heavy traffic, do not be so selfish learn to consider clients assurance as well.

Just looking at most of the online casinos operating today, you will notice that most of them are operating under the laws of Curacao. There are a lot of reasons for that and it is detailed here --> https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

* more affordable
* less bureaucracy nonsense
* low tax incentives
* good legal protection

The option is always on the table to start a illegal operation and to test the water to see if your concept takes flight and then to shutdown the illegal operation and then to tweak it to look like something new and then to license it. The risk you take would be losing the user base you built for the site and not gaining them back, when you open the new site. 

The risk with operating without a license and getting shutdown and arrested is just as big, so you have to decide for yourself. I would much rather test the concept with a low cost license and then work from there. 

I would highly suggest that you actually seek some legal aid in this case, and not just base yoru decisions off what people say.

There are a lot of jurisdictions which seem to have very lax regulations when it comes to operating a dice site or whatnot, but just because a casino right now is located there doesn't mean that it is legal to do so. There are a ton of unregulated casinos in the cryptospace that are up and running (and popular, for that matter), that aren't necessarily compliant.

It's much better to do your own research, and hire a law professional.

Many of the big operators find good small “states” like the Virgin Islands or Panama for example which have less requirements for you if you want to operate any online business and not just casinos.There not a lot of required documents in these heavens for new business owners but the credibility of your site will not be the best.The best casinos operate in Europe or USA without resorting to opening up a license in those places.

Oh really you want to operate online bitcoin casino without license? Are you are of that? Because I'm player and I want a Online Casino who habe license and if you want to start bitcoin Casino you should have capital for that.  

Getting license for your gambling sites can atract the players because we are feeling safe and become more legit if you have that. Right now it's hard to trust new gambling sites what more for there is no license , just fix all you need to do and create and do what is really wants of the player and see your site will grow.

I think the license that you are talking about is the documents that required in order for you to legally operate in your country. I do not have information about countries that banned online casinos. If you will really want to build a new online casinos then you should handle the risk carefully. Online casinos have now stiff competition where it is hard for a new gambling sites to survive.

It probably won't matter as long as your casino doesn't get involved with any 3rd party advertisers or FIAT money itself.

Let's say you bought a hosting and a domain anonymously from an offshore hosting/domain company and paid your expenses with bitcoin... As long as you stay smart they cannot reach you. Your problems would start when you want your lambo and you already said before you reach that state you would get a licence so...

You can probably get away with it as long as you stay bitcoin only but you need to act super paranoiac about it. (use vpn's, mixers, throw away addresses etc)

I also found this:
https://slotegrator.pro/gambling_blog/where-online-gambling-is-legal.html

It would seem to be nonsense if you were to make an unlicensed online gambling website. Websites do requires local government licenses if and only if you are making money out of it, like Facebook for example that at first and its beta testing doesn't require that much of jurisdictional paper works yet yesrs after it makes money it later then required to pay taxes in its local government. And unlicensed gambling platform isn't to be trusted at all. Even users would doubt using an unlicensed platforn and risk their money.

Most countries require you to pay for a license which is accepted through the gambling commission or to be able to provide access to other countries you will need to paid for individual licenses. For example, if you want to provide your services to the UK you have to have a license if you're operating in the UK or even in another country. There are some locations which have less restrictions than the UK, and I believe Isle of Mann is one of best options if you aim to provide a service to the UK population.

If you are allowing access to the United States this is a whole new can of worms. Basically, different states have different laws regarding gambling, and what type of license you require depends on that state. Some states are outright against gambling websites. Some countries have less restrictive licenses, but usually you will need a license which either covers multiple countries or several licenses for specific countries. There are countries which there are no licenses, however you still can't accept users from countries that require a license usually. Remember, that depending on the country you're operating in you will likely need to keep user data which means you could be subject to GDPR laws.

Opening a gambling website whether its remote or physical is a costly affair. In most countries avoiding a gambling license when it is required will land you in a lot of legal trouble.

You could theoretically open a casino without a license, but in the majority of countries you would be breaking the law which could result in your casino being closed, and the potential of other legal issues concerning you. You are required to apply for a gambling license in most countries before you even start earning money. Applying later when the casino has already launched, and has made an income would likely result in hefty fines, and possible rejection. When opening a gambling site its advised to talk to an attorney.

It doesn't matter if its not a full fledged casino or not. The gambling commission will likely treat the same. If the casino is open to the public, and advertisements have been made then it'll likely require a full license. If it was just a game between friends they usually don't care all that much.

If you aim to open a fully lawfully casino whether its fiat or Bitcoin, yes you will require a gambling license in the majority of countries. As I stated above, even if you opened it in a country which doesn't require a license at all you would still need a license if your casino accepts deposits or withdrawals from other countries which require a license.

Remember, he said it is not a full casino, but some game where people compete to win money.

Hey like I mentioned in other replies. My website is only player vs player games so I don't actually require a bankroll

Basically one can start operating a casino without a license, but since we are engage into business and we also look its long term success, it's better to registered it already so you won't have any changes in the future. Remember that you are carrying a name, and that name will be the face of your business, once that is ruined due to legality issues, you can easily loss your customers which you have been building for years.

he can run a casino without license but no credibility. just look at the gambling section. there are several casinos, dice sites or betting platforms that have no license yet. not even the curacao gaming license. and yet they are operating. only those gamblers that want to risk will play on that site. or they will try playing, but they will deposit small amount of money. and that is understandable for a substandard casino.
so i dont think the OP can attract traffic before acquiring his license. that only shows that he has no sufficient funds to hold this kind of business.