How many of these sites are legal?

[veleten]

I would prefer a solid,trusted,paying dice site without a license
to a licensed casino that introduces shady bonuses,then requires KYC if you win and withdraw anything substantial
I know,for example,if I win 10 bitcoins at Primedice
I will get paid,no questions asked,no background checks and no documents asked
so a license doesn't mean legit and viceversa

[1713992156]

1713992156

[1713992156]

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[1713992156]

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[thirdprize]

So what are the chances of getting busted if you set up a site?  Whats the best country to host it?  Whats the best coins to accept?

[RGBKey]

If you explain us what you mean with correct licenses, I could help you better? Based on my experience, there are no correct licenses! The license itself might be correct from a juridical point of view in some cases, but how does this help you if you get the runaround when help is needed?

Unlike more important is that the operator is since a while on the market and works correct.

I think you might find a few sites licensed out of a small country like Curacao for example, but honestly it doesn't mean much. What people should be looking for in Bitcoin sites (provable fairness) is different than what people should be looking for in regular casinos (regulation & licensing).

[michkima]

You mean if they have a fake license from some offshore locations then they are legal and if they have no fake license then they are not legal? For me a gambling site is legitimate if they have a provably fair system and if there are no scam accusations and withdrawals are quickly processed.

If you have a fake license then it will likely be found by the gamblers trying out the site. For sure there are those curious ones that would likely check the legitimacy of everything before they even try to deposit into that casino. I don't think also that competing casinos will also allow such a thing and they will likely want to kill off competition and by proving that they have fake licenses then it would be a negative for that casino.

[sicparvismagna]

Well in our country gamblings or such other businesses always needs business permits, licenses or such because even just a slight violations will be penalized. Practically you'll be able to meet taxes from time to time in whatever you do. Which is why a lot of those dreaming to establish their gambling sites starts right here because of less paperwork and no taxes, you only need to do a lot of research and do your homework here.

[Hell-raiser]

I would prefer a solid,trusted,paying dice site without a license
to a licensed casino that introduces shady bonuses,then requires KYC if you win and withdraw anything substantial
I know,for example,if I win 10 bitcoins at Primedice
I will get paid,no questions asked,no background checks and no documents asked
so a license doesn't mean legit and viceversa

This seems to be how the whole cryptoworld functions nowadays. Licenses mean shit because virtual currencies themselves are in the gray area in many if not most countries or even outright banned. It is the same with cryptoexchanges, being licensed doesn't prevent them from being hacked or whatever. Was Cryptsy licensed? I dunno but the owners still ran away with the money of their clients. Some of these bastards eventually got caught but it didn't change anything in the end.

[amacar2]

Actually if the casino have license than that doesn't mean they can't scam you by altering their terms and conditions. When you want to play with crypto than its might be best to play in casino without any license so you will not be liable of any type of legal issues. If you are gambling with bitcoin than you might also want to hide your identity.

Casino offering provably fair games + good trust + exit for years is enough to play with.

Found this about bitcoin casino + licenses, might be worth for reading https://bitcoingamblingreviews.com/bitcoin-casinos-licences/

[bitcoinvamp]

You know, have the correct licenses, etc.  Just curious. 

i think the license is important no matter which country you belong to . Its really important that the a person has all the paper work to start such a work. But, still with all these license and paper work the casinos scam. So, people should watch out for that.

[DARKANGEL6415]

You know, have the correct licenses, etc.  Just curious. 

I am willing to bet " pun intended lol " that many of this sites are not regulated by the American government or any government for that matter.  I think many of this are run by early bitcoin investors who now have alot of bitcoin funds. This allows them to bank roll all operations smoothly.

[mward19]

even with proper paper work ect make sure they give money and people have had sucess as some of the sites are not us bound or w/e country. can leave like that and nothing u can do.

[Ranly123]

You know, have the correct licenses, etc.  Just curious. 

I think there is just a few who have full documents to operate gambling sites. You could tell by the name gambling, yes some can win but many will lose and that alone makes them hard to comply to make papers and documents to make sites for gambling. Eventhough there are more gambling sites that have enough documents it is really hard to know which sites are legal and not.

[earnmoneyonl]

I think most of the gambling sites are legal in EU countries or USA. So I do not think they are many illegal sites there.

[BITSLERmakemePOOR]

They 100% legal (some of them) they runing from country wich allowing online gambling or have no policy or rule for it. for US some state make rule for online casino and ban it

[polymerbatt]

Licence is the least important thing for Dice sites in my opinion

This is true to be honest, the most thing on bitcoin dice sites here are about trust, population about how many players gamble on that dice sites and promotion. I don't know is this also apply to bitcoin sportsbook, but nitrogensports who is not licensed (cmiiw) is very popular bitcoin sportsbook.

[Patatas]

I bet most of them are in a loophole. They are based on some tax haven and they have all the correct papers to establish a business there but to operate in certain countries you must have a legal license.

In my country, fiat casinos not having a license are blocked but I can access all the crypto ones and that’s just because there is a loophole.

Agree with you.However it is not their fault entirely,bitcoin itself is under a big loophole when it comes to regulations.It's hard to make a law against the services that use the parent entity.

You know, have the correct licenses, etc.  Just curious. 

Most of the gambling sites go register themselves with some 3rd world countries where the government isn't aware or doesn't have any laws with cyber crimes.The legit sites have warnings such as "American Players Are Not Allowed".

[Betwrong]

I think if an online casino operates longer than 2 years than it's legal, otherwise authorities would find a way to deal with it. Where it is legal is another question. Like above posters said they may be registered in offshore countries and then, technically you don't have the right to play there if it's not permitted in your country, but of course gamblers can find a way to go round the restrictions.

[Wind_FURY]

I think if an online casino operates longer than 2 years than it's legal, otherwise authorities would find a way to deal with it.

No. How can a casino be "legal" without the proper paper work and licenses even if it operated for more than 2 years?

But with that in mind, they are not "illegal" either. They are in the gray area, and in the same situation with Bitcoin exchanges.

Where it is legal is another question. Like above posters said they may be registered in offshore countries and then, technically you don't have the right to play there if it's not permitted in your country, but of course gamblers can find a way to go round the restrictions.

It is easier to go around the hoops with Bitcoin which makes it the future for online gambling.

[An0nyMoose]

I would say most of these Bitcoin gambling sites are unregulated. Think about it, if BTC is unregulated for even normal businesses obviously it is going to be regulated for the gambling ones.

[hitrawal91]

I always advise others and even myself to trust sites that are having strong paperwork and government licenses supporting their project work. People and employees would like to work on the project that is liked and supported by the government. I have heard many sites that are running on the Loopholes and I don't support or indulge on those sites as they are against the government.

[Betwrong]

I think if an online casino operates longer than 2 years than it's legal, otherwise authorities would find a way to deal with it.

No. How can a casino be "legal" without the proper paper work and licenses even if it operated for more than 2 years?

But with that in mind, they are not "illegal" either. They are in the gray area, and in the same situation with Bitcoin exchanges.

Where it is legal is another question. Like above posters said they may be registered in offshore countries and then, technically you don't have the right to play there if it's not permitted in your country, but of course gamblers can find a way to go round the restrictions.

It is easier to go around the hoops with Bitcoin which makes it the future for online gambling.

I think users should care more about whether a casino illegal or not, rather than whether it's legal or not. Like it is stated in the The Ethics Of Capitalism: `If It's Not Illegal, It's Legal'. If something is not prohibited by the law, you can do it. That's why I think when a casino is operating longer than 2 years it means that there is no legal basis to close it in the given territory.