Bitcoin Forum

I was wondering if i need any kind of paperwork or licenses for a crash gambling website like bustabit

I believe that you will certainly need some paperwork, because you will be making money.

But what kind of paperwork will depend on where are your servers locate. Certainly you will need more paperwork if you are based on USA and accept USD payments than if based on Cayman Islands and gets only Bitcoin.

i will accept only bitcoin, but idk what paperwork i need, licenses and other stuff

Asking strangers on the internet for legal and tax advice isn't always the best idea.  Rules vary from country to country.  Speak to a local Accountant or qualified professional.

Whether you're going to use fiat or not, it would be better to have a license to be safe.

If I'm mistaken, most gambling sites are located in Malta or Curaçao. I've searched a little and I came across this article (https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/). I also found a service called GamblingTec  (https://www.gamblingtec.com) (previously advertised  (https://bitcointalk.org/index.php?topic=5161935.0)on the forums) which might be worth checking.

I have no idea about the legitimacy of both services (I belive they're connected to each other) as I have never tried them so, I can't really recommend them and I would suggest you do more research.

basically you need all of them, both paperwork and license.
about paperwork it self , u just go to juridical office on your country,and ask what needed for creating a bussiness like what u asking for
about license, well as far i know , each license has a different price
i dunno what a kind license needed for game like bustabit.
the point, all of them is needed for creating a trust for people, like legality,provably fair,etc.

I believe you are referring to KYC when you mention paperwork. I don't know about other sites, but you won't need any kind of paperwork for Bustabit itself. If you can provide the name of any other website you may be referring to, we can check. But bustabit will never ask you to submit KYC documents. I am a member since 2016 and they have asked for KYC!

There will some expert that can help you with your concern. But in my opinion if you want it to be legal you need to look for a lawyer or ask someone who are experts. But if you want it illegal? Just run the site and do some marketing to convince people to play.

Hello there, that is online gambling and you should have a gambling license if you are planning to build a gambling website. This certificate/license will prove to the authority that your are operating gambling in a legal way. Because there is a regulation of all types of online gambling platforms [1] here, Gambling Commission (https://en.m.wikipedia.org/wiki/Gambling_Commission). So you need some paper works and this article might help you [2] here, Online Gambling License – How To Get It? (https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/).

Anyway, that is too much workload you must need other staff. I hope that the article may help you.

Even if you only accept bitcoin for your gambling site, there are still a lot of prerequisites to keep it up and running and you must conform to several laws of several countries you want to service. Procuring a license is pretty straightforward though somewhat tedious and costs a lot of $$$, and requirements vary from country to country. OmegaStarScream pointed Malta as one of the hubs of online gambling, though the EU is slowly creeping up into the state's front door to impose KYC and AML to all things crypto-related, so there's that.

Anyhow, walking up to your local bureau who handles such licenses is still the best place to start. It will not be a walk in a park, but as I've said, it's pretty straightforward, you just have to complete your requirements.

You mean the rocket-thingy game I suppose?
MintDice offers it and it doesn't require any paperwork.

You can deposit, play, withdraw.

However if you make a lot of money, remember you are required by your country to fill some paperwork.
Be mindful of your local law.

If you are looking at having a big dream for your gambling site, then you need to be ready for serious paper work right from the beginning the reason for that is if you didn't get it right at the beginning, you might be forced to abandon should the regulatory agency of the country you are resident start coming after you for one compliance or the other.

As a foundation, you need to start some serious reading and contact those already in the business by making friends with them because its largely difficult from what it seems as even people in the industry who knows you are using crypto exclusively, would ask you questions about licenses and which country law and regulations are you under.

If you mean legality and getting permits for it when you talk about paperwork then yes you do have to have one. You need to get a gambling license from somewhere, most common one is from curacao or some country like that I never heard of, anything bigger would make a big dent on your finances but you can get one from Malta as well if I am not wrong. Without those you are basically running an illegal casino that could potentially be sued and you would lose everything plus more which would be horrible for the rest of your life, you would probably not be capable of paying it and end up in jail as well.

So, I would suggest getting the "paperwork" in order before you start anything. Isn't there places that does this illegally? Yeah, there is but they are taking the risk themselves, don't do it yourself.

i suppose that the op wants to built a gambling website and not a gambler that wanted to play but ask if the site will require a kyc or not .

@op . like what everyone says , itll depend on your country because some countries are strict and wants certificates or licenses but some fewer countries are verry open and will possibly allow you to operate an online casino but licenses can make your casino look legit and trusted so i will recomend you to have one  .

buying a license would be the first step if you are worried about the legality of your casino
I think the first version of bustabit script comes with a license already , for example
if you have enough money and Napoleonic plans , you could go for Curacao or even Malta license
they cost a pretty penny but are better than being a Newbie Ltd. and co.
generally , it all depends on your budget , there are many casinos that do not have any license and doing fine

If you want to make sure that your company is 100% legal go and see a lawyer who is specialized on online companies, they usually know about online gaming and online casinos, too. He/she can definitly give you better advices than most of us here at bitcointalk.

I dont know where you are from, but here in Europe you would be in huge troubles if the state gets aware of your business when it is not 100% legal, correctly registered and you are paying your taxes correctly.

If the site had requested KYC informations then if you can provide them after the crash you can be entitled to your payment but if they don't need KYC from the beginning point you might provide paper that can back you up that you the rightful person

Ain't know who is giving on that kind of service here in the forum that a lawyer who specialized in online gambling companies. Maybe it should reputable and also experts when it comes to gambling mechanics. There's only one whom I know here in the forum, ain't know if he is a lawyer or not but he is expert on having a project too. I heard that before from yahoo62278 (https://bitcointalk.org/index.php?action=profile;u=355846), you can approach him for some advice.

Legalization of the project is better than hiding and anonymous, it can help to attract people if you're project is legal.

If you want to live peacefully and spend your money without problems, then the business in any case should be legal.  No need to look for any loopholes in the laws or hide in order to avoid providing passport data or not to do any registration.  Business must be legal and period.

Your question is not clear.

Are you asking for the license to establish a gambling site ? Or you are asking for KYC (Paperwork) to play a gambling casino ?
Even the paperwork can be term as a strategy to first make a plan on a piece of paper to be able to win in a crash gaming sites.

Your question needs clarification first.

Just pm a few casino admins here in the forum. There will be there for sure who will answer you. Better then create a topic about it and get a lot of nonsense help ;-)

At first I want to say no one is your legal advisors here. So you shouldn't depend on all of reply here. But yes, you might get few ideas from here which would be helpful for your next step.

I strongly believe you need hire a lawyer from your country where you are going to run your business. So you will get which documents you need for operate your business legally from your country. If you are accepting only crypto-currency then I don't think you need any other documents except script license. I am not aware if there is any international rules for gambling website.

Personally I don't believe that someone from admin will share full details. Because that is business, they have their own policies. So I don't think someone will expose it.

Starting a business along with legal papers whether its an offline/online is mandatory to all its no exception especially if it involves money the authorities are very tight on this online gambling casinos, games that involves money you must comply all the required documents before launching to avoid serious penalty if you decide to not fulfill the required documents/licenses they can easily crackdown your site and file you a case depends on every jurisdiction, I have an acquaintance of mine that owns a facebook group which members bet on basketball game score only no website its very simple kind of game but involves money and I can see they have papers from SEC in our country. 

Is it really necessary to out a lawyer into something like this? I know when it comes to business you really need to have things like this but still this is a altcoin based gambling site that we are talking about. Even though if someone get hacked or either the site going to hack players. I do not think that any lawyers will help on getting the good result here. I think license will be enough for starting this, most site already did this and there will be no problem

I had a friend before and we open a topic regarding this kind of business, and he told me that he applying for a licensing on his gambling business. But I did not ask furthermore about that, the thing that makes clear is should have a license of business when you are running an online business. This is should mandatory to have a legalized business and nothing to worry when it comes to authority. I have a suggestion to OP that the best thing to do is ask those users here who run a gambling business, maybe they will answer a few questions but not all details.