Sportsbook Without a License

[dantee1]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

[dantee1]

What License would you recommend to a Gambling startup?

[kryptqnick]

As sports betting is mainly legal around the world, I don't think there would be much of a problem with getting a license. Lack of license is considered to be a bad sign, because there will be no legal entity to blame in case the company scams people. Here is a link where you can find some useful information about obtaining a license in Europe: https://www.sportsbettingdime.com/guides/legal/european-licensing-regions/. For instance, the Gibraltar Licensing Aurthority taxes the income of the casino, but the fee is only 0.15% and only what's above 100k GBP in income each year actually gets taxed. But the yearly licensing payment seems extremely high.
As for finding an unlicensed sports casino, it's not very easy, because they wouldn't make this information public. If you browse through casinos in the Darknet, though, I am sure they are not licensed.

[dantee1]

As sports betting is mainly legal around the world, I don't think there would be much of a problem with getting a license. Lack of license is considered to be a bad sign, because there will be no legal entity to blame in case the company scams people. Here is a link where you can find some useful information about obtaining a license in Europe: https://www.sportsbettingdime.com/guides/legal/european-licensing-regions/. For instance, the Gibraltar Licensing Aurthority taxes the income of the casino, but the fee is only 0.15% and only what's above 100k GBP in income each year actually gets taxed. But the yearly licensing payment seems extremely high.
As for finding an unlicensed sports casino, it's not very easy, because they wouldn't make this information public. If you browse through casinos in the Darknet, though, I am sure they are not licensed.

Gibraltar actually charge 10% corporate tax for foreign operators (Non Uk businesses) which is pretty high compare to Curacao. But it kind of give you direct access to the UK Market which is really big is Sports Betting, especially football.

I don't know how far Malta License can really go in Europe? Thanks for the link, I'll check it out

[Moonmanmun]

Well with license or or without a license they can cheat you or not.    Best is to just find one that you can trust and who is active on here forums

[dantee1]

A serious betting company will not spend thousands of USD plus software agreement terms just to cheat customers. I'm not saying that's not impossible.

Yeah, a sportsbook with regular presence in a forum community like this may just be a huge factor in deciding who to bet with because they wouldn't want to face backlash and criticism here.

[game-protect]

 Is it still possible to start and run a Gambling site without a License?

Of course!

In case of cypto currencies the payment processor blockchain does not ask for a license and over 90% percent of the bettors do not care whether or not a sportsbook has one.

They also do not care to register its accounts with Game Protect and play with consumer protection service inclusive instead of register directly at random sportsbooks and moan in forums after got scammed.

[hulla]

Yes, all those big gambling site of this days stated without no license but thats no advisable this days because those days the issue of online gambling site scam are not rampant and sportbook site with no license are not consider legit.
I myself cant bet on a gambling site that does not have a license and most gamblers only believe on good reputable gambling site with license. Mind you, EU license are somehow expensive but if you're thinking of getting a license you can get one from the Gibraltar, Curacao etc.  In the meantime, I will advice to seek an egaming legal practitioner in your country first for proper arrangement and tips.

[buwaytress]

I hace opinions about licencing for gambling but I think it gets a little trickier for sportsbooks perhaps because they may need it to feed into odds providers. It would also let them tap into a very significant North American market. I suppose the Asian options are easier in a way but Bitcoin might complicate that.

That said, I've not really seen how licences help. The sites I trust the most either are unlicenced or are licenced in jurisdictions that won't prove helpful if I ever had a case against them. Licence is the last thing on my list when choosing a Bitcoin site.

[veleten]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

[dantee1]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

I think the licensing bodies are just there to get their own fair share of the spoil 

[veleten]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

I think the licensing bodies are just there to get their own fair share of the spoil 

well partially true, they take some good money for their licenses,for example:
https://fastoffshore.com/what-we-do/packaged-services/online-gambling-license-in-curacao/ - "The Curaçao Online E-Gaming Businessbenefits, Package is available for an initial set up cost of only US $19,850"
https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

but they do provide benefits like lower taxes, regulating bodies
and as a player ,at least you know who to contact if any dispute arises

[carlfebz2]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

I think the licensing bodies are just there to get their own fair share of the spoil 

well partially true, they take some good money for their licenses,for example:
https://fastoffshore.com/what-we-do/packaged-services/online-gambling-license-in-curacao/ - "The Curaçao Online E-Gaming Businessbenefits, Package is available for an initial set up cost of only US $19,850"
https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

but they do provide benefits like lower taxes, regulating bodies
and as a player ,at least you know who to contact if any dispute arises

These are the advantage if you do stick out on gambling sites that are licensed which you are somehow secured if there are any issues yet same as said you do know who to contact
but most popular gambling sites or sportsbook nowadays doesn't really even have the licensed and same as said above.It doesn't really matter because reputation would already be enough to convince me to play or make bets.

[veleten]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

I think the licensing bodies are just there to get their own fair share of the spoil 

well partially true, they take some good money for their licenses,for example:
https://fastoffshore.com/what-we-do/packaged-services/online-gambling-license-in-curacao/ - "The Curaçao Online E-Gaming Businessbenefits, Package is available for an initial set up cost of only US $19,850"
https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

but they do provide benefits like lower taxes, regulating bodies
and as a player ,at least you know who to contact if any dispute arises

These are the advantage if you do stick out on gambling sites that are licensed which you are somehow secured if there are any issues yet same as said you do know who to contact
but most popular gambling sites or sportsbook nowadays doesn't really even have the licensed and same as said above.It doesn't really matter because reputation would already be enough to convince me to play or make bets.

indeed, before sending money to a site I check many things, read about it
and license is , probably , one of the last things to influence my decision
but again, most of the trusted sites have a Curacao license and I only bet at 100% provably fair sites

[Lebitbra]

Hmm... serious process of legalization and regulation of the gambling markets started relatively recently, so no wonder that some sportsbooks/casinos had no licence and could work like that. And nowadays, even though they all can cheat players, I still prefer to play at licensed casinos/sportsbooks.

[slaman29]

Hmm... serious process of legalization and regulation of the gambling markets started relatively recently, so no wonder that some sportsbooks/casinos had no licence and could work like that. And nowadays, even though they all can cheat players, I still prefer to play at licensed casinos/sportsbooks.

I'm the complete opposite. I only play at crypto casinos and sportsbooks, and I think only 1 of them is licensed, or maybe not at all (I can't really be bothered). Have I been cheated at casinos? Yes. Have they been licensed? Yup! And did the license help me when I tried to claim my funds? Good luck, they never helped me.

Trust in crypto is a strange thing. Like on this forum, you can trust DT1 members... but it still doesn't guarantee anything. Same as crypto casinos. They can work well for 5 years and scam one day. Just to be safe, gamble, withdraw, and be done.

[carlfebz2]

These are the advantage if you do stick out on gambling sites that are licensed which you are somehow secured if there are any issues yet same as said you do know who to contact
but most popular gambling sites or sportsbook nowadays doesn't really even have the licensed and same as said above.It doesn't really matter because reputation would already be enough to convince me to play or make bets.

indeed, before sending money to a site I check many things, read about it
and license is , probably , one of the last things to influence my decision
but again, most of the trusted sites have a Curacao license and I only bet at 100% provably fair sites

For sites that do have Curacao license then there would be no doubt on that one and as a gambler its normal for us to seek out the fair ones rather than on new and still not being tested out.
We have our own will and common sense actually.

Hmm... serious process of legalization and regulation of the gambling markets started relatively recently, so no wonder that some sportsbooks/casinos had no licence and could work like that. And nowadays, even though they all can cheat players, I still prefer to play at licensed casinos/sportsbooks.

Tendency of shady behavior is really there but even unlicensed gambling sites doesn't mean that they aren't fair.Just look up around and you will find on how many of them do perform well into the entire market inspite on having no license.

[dantee1]

I heard that most big and established betting sites/companies started without licenses. They were able to grow and become licensed and now controls the industry. I know one or two by name.

However, license has become almost a must these days if you're ever gonna be taken seriously in your sportsbook business.

Most software providers won't even think of releasing their software to you without a license.

Payment processors are simply a no-go area without a license.

 Is it still possible to start and run a Gambling site without a License?

Now, talking in users perspectives-

  Can a Sportsbook still be considered legitimate and okay without a license?

  Do you know any operating (with consistent payout and good customer cares) without a license?

  Can you bet with a betting site that has no license, maybe because they're starting new and currently has no money for licensing fee?

Thanks in advance for your opinions

it is not only possible to not have a license and run a gambling website, but many relatively popular sites
have been doing it for years without any problem, even the giants like Primedice or Bitsler only got licensed after some period of time
with provably fair gaming it is NOT 100% necessary to have a license, especially with a dice site or a small casino, blockchain based, for example
sportsbooks is a completely different story, usually they require a license to operate, but it depends on the laws of the countries
some sites have casino+sportsbook , like betking, for example, other big players like bitdice are planning to introduce one soon
so it really is up to you to look for some random Curacao license or not, don't think this licensing body will help you in any ways if you have a dispute with a casino
but it is just my IMHO

I think the licensing bodies are just there to get their own fair share of the spoil 

well partially true, they take some good money for their licenses,for example:
https://fastoffshore.com/what-we-do/packaged-services/online-gambling-license-in-curacao/ - "The Curaçao Online E-Gaming Businessbenefits, Package is available for an initial set up cost of only US $19,850"
https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

but they do provide benefits like lower taxes, regulating bodies
and as a player ,at least you know who to contact if any dispute arises

I am thinking of using Fasoffshore for my license and company registration. Can you please, tell me how efficient and trustworthy they are?

[game-protect]

well partially true, they take some good money for their licenses,for example:
https://fastoffshore.com/what-we-do/packaged-services/online-gambling-license-in-curacao/ - "The Curaçao Online E-Gaming Businessbenefits, Package is available for an initial set up cost of only US $19,850"
https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

but they do provide benefits like lower taxes, regulating bodies

What is the name of the regulating body?

and as a player ,at least you know who to contact if any dispute arises

Who do you contact if a dispute arises?

[STT]

Just to be safe, gamble, withdraw, and be done.

I think its possible to build up a reputation as a new site but people will only place small bets for a long time and want to withdraw the winnings every time.   Thats how I've used new sites in the past, rather then avoid them altogether.    The problem is in all the startup costs I guess, its a balancing act as you wont have the ongoing revenue advantage