Regulating bodies

[rodel caling]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

Yeah that is true online crypto gambling is very poupular at this time but can you please clarify about the regulation what do want to say? Because as i knew there ia nothing regulation need to follow in the online gambling.
They can trust most of gambling herein crypto gambling because they protect their reputation to love the site of the people because they need give transparency  and  honestly for their customers.

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[jhongzjhong]

Since online gambling industry is majority using crypto and just like also cryptocurrency though that nobody regulates the bodies. It is just us the player/gambler who to have the right to judge but we have a limit. There's no regulation in the online gambling industry using crypto that is just like investing in it. No one will be regulated but here in the forum, we can regulate them as those gambling sites.

[Patatas]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

You can only trust the solo service operators who are into business for a long time. Their reputation will speak for themselves. The new operators will have to prove their reliability and the trust will develop over time. Apart from that, trust is subjective.

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

Nope. You have to be your regulating body and trust your money with services based on your research. Of course, you can take this community and forum as a reference.

[boyptc]

There's no regulating body to verify and promote gambling unless you are in a country that's main source of income is with gambling industry. You can play with those casinos that's provably fair.

And if you want to see protection as you gamble, stay with the reputable ones.

[Dreamchaser21]

Regulating body will depend on the country of the gambling site, i think they are still a registered business and SEC are regulating them. Every trusted gambling sites are paying taxes, so I think they are someone who regulates them. Promoting gambling has no regulations at all, but the operations it must be legal.

[Johnzky]

Lol theres no such thing as regulating bodies specially you are asking about online gambling, we only have Play at your own Risk here and thats how the cryptocurrency gambling works so better be aware

But you can verify each sites according to the people or bettors experiences and you can always check their credentials and credibility thru internet as their reported cases

[Caladonian]

Regulating body will depend on the country of the gambling site, i think they are still a registered business and SEC are regulating them. Every trusted gambling sites are paying taxes, so I think they are someone who regulates them. Promoting gambling has no regulations at all, but the operations it must be legal.

Yes, they needed to be registered inside the countries jurisdictions in order to facilitate the business, after registering they need to pay everything that the countries rulings is requiring them, it will gather more trust form the gamblers if they provide those regulatory obligations that they are following and provide every informations and house rules from the government who's catering the business.

Each gambling site who wanted to stay longer around this business will comply to this regulatory bodies to make sure they are in a good terms from
the government.

[Indrawan77]

For crypto gambling there is no regulatory body, crypto is decentralised and all of the gamblers likes the decentralised crypto gambling because they don't need to submit any data and can gamble without the fear of identity leak, I don't think there will be any crypto gambling that got regulatory body, once the gambler know its centralised then they will find another gambling site, usually people will choose the most trusted site to gamble, so most of the people choose the site by reputation and review by the trusted gambler

[maydna]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

As long as you can choose the right gambling websites and it's recommended by many gamblers, I think it is fine to trust that site. I think they will be fair to all of their members and I don't think they will cheat them because once they get caught of cheating the members, they will lose trust from the members.

Regulating will be good for the gambling site because, with the regulations, the members will get protection if somehow the gambling site cheats them. But I think it's difficult to regulate the gambling site because the site is on the internet and it's different than the real casino which operates in one country.

[Findingnemo]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

No one is going to regulate online crypto gambling but you can check the legitimacy of bets on any gambling sites then you can find it they are playing provably fair or any other cheating involved.Don't give your identity to anyone if you are not comfortable,nothing in this world can be completely trusted.

[perla]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

I heard there are only a little gambling site that really fair. But i only use famous gambling site to play and not think about fair or no fair as long i bet normally and not really think if lose.

[redsun114]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

There are no such thing as regulating bodies that can forcefully implement anything.
There are individual reviewers and comparisons but they too shouldn't be fully trusted as they might be doing paid promotions.
Some good individuals of this forum has created several thread to compare different types of gambling site, it would be a much better and neutral view than found on any other websites.

Yes you're right, there is no regulating when we are talking about anything that has to do with cryptocurrency, only people take the risk and review the sites to tell if they are good or not. When I was looking for a gambling site to make use of, I searched it up by making use of Google and saw list of good casinos with good reputation. They were being reviewed by the site and even some comments there were proving whether they are legit or not. There are good casinos, just don't trust these news ones popping out from nowhere.

[goaldigger]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

I dont think that there's a party that handles cryptocurrency gambling regulation since crypto is decentralized and it doesnt need any regulating bodies to manage. All those fraud happenings are just isolated and cant be helped.

[izanagi narukami]

Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.

But what if the government already forbid crypto from the beginning ?

[Patatas]

Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.

That is not happening anytime soon. The government will only do this to impose high taxes on the gambling winnings. Instead, an open community can be established to regulate the gambling sites. Sites which have no history should be marked as unsafe for the gamblers. Every site should be verified by this body for possible shady activities or their bankroll to make sure they're serious about the business.

But what if the government already forbid crypto from the beginning ?

That's an endless discussion.

[guoyu78]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

I don't really get why you should be asking this question, when there are already a lot of good gambling around that you can bet on. There are sites with good reputation already, unless you're going for new sites that haven't been around for long, that's your choice. Just check out online casinos like Fortune Jack, CloudBet and 7Bit Casino.

The three of them are really good and they even offer you bonus after you sign up, which includes free Btc and some free free spins. Fortune Jack is the number one on the list, you should check it out cause it has gained a good reputation for itself already.

[DoublerHunter]

Regulation mostly made by government.
If your government is agree with crypto, they can made the regulation in order to protect crypto gambler.

Gambling company will register in your country and it will undergo government jurisdictions which made a regulation to protect customer and the owner as well. Once cryptocurrency is allowed in your country then online gambling site using crypto will be fine, as long as they have a permit to operate by their gambling site. Now, we have a regulating body on gambling to make it sure that both parties are doing fair the operator and the customers. Actually here in the forum, there's a lot of crypto gambling site which having fair and trustworthy site due to longer running business.

[freedomgo]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

There is a regulation but limited to certain countries only.
I feel in overall, crypto gambling industry is very risky for gamblers but we still gamble despite knowing that.
Honestly, I can accept the risk and this forum is very helpful to members because members are active in providing feed back on gambling sites that are here.

[Ailmand]

But the problem is who to trust?

There are a lot of trusted and tested gambling site by a lot of online-gamblers such as Primedice, fortunejack, stake, cloudbet and a lot more. Feel free to try it out and test it your self.

who plays fair and pays fair?

Trusted online-casinos use provably fair system, and as to withdrawals and deposits they have an instant payment and no issue about it. Or if ever there are, they have a 24-hour support which can help you which such problems, but this happens rarely.

[avikz]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

It's almost impossible to have a regulatory body for online crypto casinos because they are not bound by regions. Crypto casinos can be operated from any countries so the best way to see its legitimacy is to check if a casino is licensed in their country or not. ALl license crypto casinos usually show their company name and license number in their website which can be validated through the company directory of their respective countries. That's the first level of validation anyone can do.

Second level validation is mainly the reputation check. Looks for their official thread in big forums like bitcointalk and go through the recent comments. You will definitely get an idea about what's going on. These reputation check will give you a very good overview about a particular casino and you can accordingly decide whether you want to go ahead with them or not!