Licenses and Casino reputation

[_act_]

A lot of crypto casinos started operating without a Curacao license, or any license at all... they added it along the way. My opinion is that this license doesn't mean much, at least not for us crypto players, and especially not for us who don't gamble with big money.

A person that would be scammed will think like this, that a casino do not have to obtain a license before operating, but people having intention to scam people will not think about license at all. Having a license is not the only way and only what to research for before knowing a gambling site is good or not, how old the casino is and its reputation is very important, but it is worth going for the gambling sites that have a license.

License is not something that protects players, I guess it's more to protect the casino itself, probably more problems are solved here on the forum than anywhere else.

Betfury operated for months (if not the entire year, I am not completely sure) without a license, and they have grown a lot since then. Now they are a big and reputable crypto casino.

I understood, there are some gambling sites that have good intention that may not have the money to first get a license, I do not think that some like freebitco even has a license up till now, while those sites are trustworthy now, you are not wrong, but I can not go for a new gambling site that has no license.

[Fredomago]

A lot of crypto casinos started operating without a Curacao license, or any license at all... they added it along the way. My opinion is that this license doesn't mean much, at least not for us crypto players, and especially not for us who don't gamble with big money.

A person that would be scammed will think like this, that a casino do not have to obtain a license before operating, but people having intention to scam people will not think about license at all. Having a license is not the only way and only what to research for before knowing a gambling site is good or not, how old the casino is and its reputation is very important, but it is worth going for the gambling sites that have a license.

The reputation is something that casino is really aiming to establish, with a good name gamblers will come along and be confident playing. Like both of are saying license is not really protecting the gambler but the casino itself, though some are looking and adding license as basis but for crypto gambler who only use small capital, they are more into reputation and the comfort that they are getting from the house.

License is not something that protects players, I guess it's more to protect the casino itself, probably more problems are solved here on the forum than anywhere else.

Betfury operated for months (if not the entire year, I am not completely sure) without a license, and they have grown a lot since then. Now they are a big and reputable crypto casino.

I understood, there are some gambling sites that have good intention that may not have the money to first get a license, I do not think that some like freebitco even has a license up till now, while those sites are trustworthy now, you are not wrong, but I can not go for a new gambling site that has no license.

It will be depending now on how you can take the risk, if you don't feel playing with a new casino who don't have license then so be it, let those who are okay with trying and betting with their luck, maybe because of welcoming perks or whatsoever.

[davis196]

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
What are the other common licenses & how they can help the gambler when a gambler faces issues with the casino; especially when the gambler gets robbed/scammed by the casino? It's something I guess we all should be aware of; I believe most of us don't know at all.

There's no benefit for he gamblers, when they gamble in a licensed casino. You are still relying on the casino not stealing your money.
I'm not an expert in this topic, but I assume that the Curacao gambling license is the most preferred, because it's the cheapest one.
A gambling license cannot hep a gambler in case of a scam. Having a license just makes the online casinos look more legit.
Gambling licenses are necessary for the crypto casinos in order for them to operate in certain regions and accept gamblers from certain countries. That's my two cents, I'm not saying that I'm competent in the legislative/regulatory side of the gambling business.

[ethereumhunter]

I don't know that much about license but the benefit in having a licensed gambling site is that you know that they are operating legally and the chance of running away is a little bit low as you can track and report them to authorities.

Personally I feel comfortable playing on a gambling site that has gambling license but not all gambling site that has license are legitimate, some of them turning out to be a scam so it doesn't mean that it is safe haven for gambling players.

I guess that’s all we want as gamblers, to land in gambling casinos that are operating legally so that we can feel security while gambling. But I believe licensed casinos are not free from having issues and problems that will surely challenge the casinos to stay at edge from other casinos. But as long as casinos have address the problems and resolve them quickly, I think that’s the most important thing so that gamblers will definitely stay on the site.

Every problem will come to every casino because this is a business where each casino competes for the top position. And if a reputable casino has a problem, it will try to solve it so that other members can see that the casino is really professional in running its business. And I think if the casino can get through every problem that comes its way, it will improve the casino because it can maintain its position by always trying to solve every problem.

[xSkylarx]

I don't know that much about license but the benefit in having a licensed gambling site is that you know that they are operating legally and the chance of running away is a little bit low as you can track and report them to authorities.

Personally I feel comfortable playing on a gambling site that has gambling license but not all gambling site that has license are legitimate, some of them turning out to be a scam so it doesn't mean that it is safe haven for gambling players.

I guess that’s all we want as gamblers, to land in gambling casinos that are operating legally so that we can feel security while gambling. But I believe licensed casinos are not free from having issues and problems that will surely challenge the casinos to stay at edge from other casinos. But as long as casinos have address the problems and resolve them quickly, I think that’s the most important thing so that gamblers will definitely stay on the site.

If the casino is legal, well-respected, and quick to address issues, that would be ideal; however, most casinos have problems and delays in dealing with them. What is best is when the casino is legal; you can file legal action against them if something happens to your funds (as most gamblers' problems), and they will almost certainly take action. Also, if they have a license, they are most likely fair because they everything on their game has been thoroughly checked before they passed and got a license to operate.

[btc78]

I don't know that much about license but the benefit in having a licensed gambling site is that you know that they are operating legally and the chance of running away is a little bit low as you can track and report them to authorities.

Personally I feel comfortable playing on a gambling site that has gambling license but not all gambling site that has license are legitimate, some of them turning out to be a scam so it doesn't mean that it is safe haven for gambling players.

I guess that’s all we want as gamblers, to land in gambling casinos that are operating legally so that we can feel security while gambling. But I believe licensed casinos are not free from having issues and problems that will surely challenge the casinos to stay at edge from other casinos. But as long as casinos have address the problems and resolve them quickly, I think that’s the most important thing so that gamblers will definitely stay on the site.

If the casino is legal, well-respected, and quick to address issues, that would be ideal; however, most casinos have problems and delays in dealing with them. What is best is when the casino is legal; you can file legal action against them if something happens to your funds (as most gamblers' problems), and they will almost certainly take action. Also, if they have a license, they are most likely fair because they everything on their game has been thoroughly checked before they passed and got a license to operate.

but filing cases against legal casinos does not necessary mean we will win and can take our money back , there are several cases we have seen here that people did not gather their own money .
but all in all? it is still safe in playing in legal casino that also asks for KYC mostly . let us gamblers decide to what they wanted to play for.

[YOSHIE]

What are the other common licenses & how they can help the gambler when a gambler faces issues with the casino; especially when the gambler gets robbed/scammed by the casino? It's something I guess we all should be aware of; I believe most of us don't know at all.

As far as I know Curacao is different from other regions in terms of licensing, Historically Curacao offered fairly easy terms and acquisitions for new online casinos wishing to operate in the Curacao area under certain conditions, they offer online gambling infrastructure such as financial or telecommunications platforms apart from that Curacao also implements EU standard tax laws with AML compliance, as well as the ease of all licensing matters, the comparison is maybe Curacao one day will issue permits, licenses for other areas maybe one year.

As far as I know Curacao currently only issues two licenses such as sub-license & master license, they have a company to hold the license such as Cyberluck Curacao, Gaming Curacao, Antillephone and so on, from what I know about licenses in the Curacao area just to make it easier for online gambling sites operating on the internet with various types of games.

does not mean that every online casino that has a Curacao license can be trusted 100%, companies that hold a license in Curacao have their acts or rules thoroughly audited at all times for online gambling sites operating in their territory, if they are found to be in trouble with the casino and are detrimental to users and so on they will deduct the main holder of the license in the online casino, in accordance with the laws in force in Curacao regarding gambling.

[Solosanz]

but filing cases against legal casinos does not necessary mean we will win and can take our money back , there are several cases we have seen here that people did not gather their own money . but all in all? it is still safe in playing in legal casino that also asks for KYC mostly . let us gamblers decide to what they wanted to play for.

Yep you're correct, legal action doesn't mean you will always win even though you're the victim and has an evidence about it. But do you think the casinos doesn't have any evidences that has been faked to attack you back? also they're have huge money to hire the best prosecutor and they have a chance to bribe the magistrate. It's not surprising to see tthis especially if you live in a third country world.

[Jatiluhung]

A Curacao license is literally worthless from a player perspective. This does not mean that all casinos with a Curacao license are shady and shall be avoided but it means that as a player, you would not be able to count on the licensor to protect you by any means.

The problem of Gambling Licenses and the need for Honest Guides

A lot of crypto casinos started operating without a Curacao license, or any license at all... they added it along the way. My opinion is that this license doesn't mean much, at least not for us crypto players, and especially not for us who don't gamble with big money. License is not something that protects players, I guess it's more to protect the casino itself, probably more problems are solved here on the forum than anywhere else.

Betfury operated for months (if not the entire year, I am not completely sure) without a license, and they have grown a lot since then. Now they are a big and reputable crypto casino.

You are right. and indeed the gamblers with small stakes don't even pay much attention to it. I also belong to the category of people who are not too concerned about it. as long as comfortable then I continue. and when it started to get uncomfortable, I left and looked for another casino. But about reputation is more our concern.

[Cookdata]

but filing cases against legal casinos does not necessary mean we will win and can take our money back , there are several cases we have seen here that people did not gather their own money . but all in all? it is still safe in playing in legal casino that also asks for KYC mostly . let us gamblers decide to what they wanted to play for.

Yep you're correct, legal action doesn't mean you will always win even though you're the victim and has an evidence about it. But do you think the casinos doesn't have any evidences that has been faked to attack you back? also they're have huge money to hire the best prosecutor and they have a chance to bribe the magistrate. It's not surprising to see tthis especially if you live in a third country world.

I've seen a similar post on this thread about a casino that refused to pay a player after he won a large sum of money, they knew it was their fault, but they tried to use an excuse to keep the player from getting his money; the player sued the casino, but the judge wasn't transparent with the case, which led me to believe that the casino can go a long way to avoid being caught; they bribed the judge in the same way they're using an excuse for the player that he violated a term in their policy.
I was sad with how it turned out but I'm glad the case is still being pursued because the lawyer is eager in seeing it conclude in the supreme court since you can't pay the judiciary at all levels.

[BobK71]

The curacao license only makes them look good on paper and it's a way for them to avoid taking other complicated licenses, they're mainly for the convenience of the casinos.

I Know a Casino with a License looks more trustworthy, but I will trust better word of mouth recommendation and endorsement about the reputation of a casino than just knowing that they have a curacao license, or any other License. Casinos can change after they have obtained the licenses and that is why I will not take the fact that a casino is licensed to mean that they will not give me issues in the future. Nothing beats reading real reviews to know if a casino is good or not.

A casino can cheat customers. In this case, the customer becomes helpless. Most gamblers believe that the statistics of admitting such fraud can be very high, especially in casinos that do not have a license. But i think the license is important but more important is the comments of others about the site. There are many casinos that can show license but failed to provide the service. Moreover, a gambler can undoubtedly conduct gambling comfortably on the sites that have a good reputation on Bitcointalk forum. This forum is enough to know what are the good casinos.

[rahmad2nd]

A casino can cheat customers. In this case, the customer becomes helpless. Most gamblers believe that the statistics of admitting such fraud can be very high, especially in casinos that do not have a license. But i think the license is important but more important is the comments of others about the site. There are many casinos that can show license but failed to provide the service. Moreover, a gambler can undoubtedly conduct gambling comfortably on the sites that have a good reputation on Bitcointalk forum. This forum is enough to know what are the good casinos.

There are many online casinos outside our community that are also reputable, and of course there are also many that can't be trusted. Likewise with crypto casinos in our community, even some of the casinos that we have here, have a high reputation. so we have no doubts about the license validation they have, especially in terms of service.

As for casinos that can cheat their customers, like you said. we have a community here, of course this will be very helpful, especially for beginners who want to play at a trusted casino. there are also casinos that have a bad reputation, many of us know about it so I won't mention it here. however, regarding casinos that deceive their users, whether it's not paying winnings, suspended accounts, or whatever it is that leads to harm to us as users. we can discuss it here, and it will be the judgment of the other members.

Despite all that, I've had no issues with my favorite casino so far. as long as they can maintain their reputation, we will be safe and avoid things that lead to losses.

[Zlantann]

What does a curacao license do in reality & how it can benefit us as a gambler?

Casino that is regulated is controlled under the Curacao which see on the activities of the casino including if there is complain of scam or no payment of winning. Most gamblers like to gamble under licence casino because of protection of their money and it is better, it gives confidence to recover from the casino if they failed part of the license condition and regulations.

Most gambling companies prefer to register in Curacao because the country is affordable and easy to get compared to other countries or jurisdictions. A licence is a an authorization to operate under the protection and regulation of the issuing country. Licenced gambling platforms attracts more gamblers because they assume that these firms can be sued in these country in case of non-payment of wins. It also gives the casino a good reputation that the government of a country recognizes it. But a license is not a a green light to use a particular casino. Fraudsters can get these licence with the intention of scamming people. Hence, it is important to do your research about these casinos before using them.   

[panjul07]

As small gambler, I dont really care about license but I do care about reputation.
For me a licensed casino is just a plus point but it does not mean that license will affect the reputation of the casino.
And I do not really know what is the benefit of license for me as small gambler, even if I'm experiencing a payment issue with a licensed casino, I wont contact the license but I'll just try to contact the casino and maybe make a complaint in the ANN thread of the casino.
For those who have been in this crypto gambling industry for more than 5 years, you should have known that most of casinos had no license at all but many of them are reputable enough because they could prove themselves as reputable by giving the best services to their players.

[BITCOIN4X]

As small gambler, I dont really care about license but I do care about reputation.
For me a licensed casino is just a plus point but it does not mean that license will affect the reputation of the casino.
And I do not really know what is the benefit of license for me as small gambler, even if I'm experiencing a payment issue with a licensed casino, I wont contact the license but I'll just try to contact the casino and maybe make a complaint in the ANN thread of the casino.
For those who have been in this crypto gambling industry for more than 5 years, you should have known that most of casinos had no license at all but many of them are reputable enough because they could prove themselves as reputable by giving the best services to their players.

A license doesn't mean much to me, but it may be very important for a casino looking to grow and compete with other casinos. I tend to fail to understand what a license means for my gambling activities, in fact I can also gamble in casinos without a license as long as they are honest with their customers.

To me Licenses are just part of what a casino needs to convince its customers that they are really serious about being the best and competing in the industry, and here we can really expect a good reputation from the casino even though some of them can end up being a scam.

[Blawpaw]

Sometimes licences do not mean anything as even if they have licences they could not have any reputation, or even worst, they can havea bad reputation.


For me, it is much more important to find that  a casino has a good reputation than if it is fully licenced.

[harizen]

As small gambler, I dont really care about license but I do care about reputation.
For me a licensed casino is just a plus point but it does not mean that license will affect the reputation of the casino.
And I do not really know what is the benefit of license for me as small gambler, even if I'm experiencing a payment issue with a licensed casino, I wont contact the license but I'll just try to contact the casino and maybe make a complaint in the ANN thread of the casino.
For those who have been in this crypto gambling industry for more than 5 years, you should have known that most of casinos had no license at all but many of them are reputable enough because they could prove themselves as reputable by giving the best services to their players.

That makes sense especially if we talk about those crypto-gambling sites that is running for a long now and already established a good reputation. That's why every time someone is asking for me a suggestion of what crypto-gambling sites should they play, my response is always those sites that already reached the status of being reputable in the crypto-gambling industry.

However, there are users who ended up on a gambling site that is not known well or just starting the early phase of their operation. For that, since the reputation is still in question, at least these sites should have a license because if they don't have that time to comply with simple and necessary requirements to operate, which just requires a bit of effort to acquire, how come users can trust them that they will fully commit on good service.

[Hispo]

I do not much about the bureaucracy behind casinos, but perhaps the whole licensing has more to do with the owners of the casinos behind able to freely move their money around bank accounts of different countries without raising any suspicion from regulators about illegal activity.

Probably, If I showed up at London with a bag of Cash and claimed I own a casino (to explain the origin of the money) authorities would ask me for a license.  

I'm sure that's the case as well. Even more if we think that what many casinos say in their ToS is not true, like that if you go over a certain amount in bankroll or wagered, they will ask for KYC and in reality they don't ask for it, or that if you live in certain countries you can't bet there and in reality they let you. This sometimes gives problems because they do ask for KYC or block you for playing from a certain country when you have won a large amount, but of course many do not implement what their ToS says in a strict way.

They probably do that because they feel legally forced to inform about those restrictions to their clients but they are aware it is not convenient to isolate themselves out some specific markets or make things more difficult for high rollers (specially in such competitive industry like this one).

Casinos managers are not dumb, I believe they must know how to stay within the legality while having flexible ToS, for the sake of improving the range of the services and earnings.

[passwordnow]

Sometimes licences do not mean anything as even if they have licences they could not have any reputation, or even worst, they can havea bad reputation.


For me, it is much more important to find that  a casino has a good reputation than if it is fully licenced.

What's good is the combination of it, we have to see them run legally and as well as have the reputation that's been known for years.
Having these two things will make you have like an assured good gambling experience and you're not gambling with an unknown casino that doesn't have a license to operate. But it's true that sometimes having a license isn't really something because of how easy it can get and applying for it can be done by anybody.