Operating Online Casino -- Need License?

[dothebeats]

Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

You must comply with SEC and other similar government organizations and secure a license before you can operate one. Technically, it falls under a business so you must secure a business permit as well, aside from operating license to run a gambling site--and it also varies on what country do you plan to establish your base of operation. There are some countries in which online gambling is frowned upon and is banned, so it's a no-brainer to not start there and move somewhere else. For clarity and thorough explanation on the said matter, why not visit your local government authorities and see what things are needed to be done before you start your venture?

[serjent05]

For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.

Reputation is more important compared to license for typical bettors like us.
I like to play in a non license casino too because they don't require KYC, they served the real purpose of crypto casino which is to stay anonymous and that's more fun even if we can call it a risky thing for us gamblers but we know that we can manage to loss that we gamble.

Doesn't having a license establish a reputation?  Having the legalities to operates means it won't shutdown due to illegal operation.  How can be a non-license casino reputable when anytime, it can be shutdown by the government.  It is another kind of business just like what dothebeats stated, so definitely it should operate with proper documentation for the player's security and of course the government benefits.

[rodel caling]

Whether you need a licence depends on the country you are in and who you want to serve. Most countries internationally accept remote gambling while others don't but I'm not sure they can do much about it.

You might also have to check with the person who hosts your server to check if they are happy with your running a casino through their services...

Yeah that's right, here in my location even online casinos need to get permit to operate came from the government( business permit where the office or gambling site location) they need to get secured where the city's or municipalities the under jurisdiction.

[fortunecrypto]

Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

You need a license, of course, to avoid getting taken down, once your site becomes popular attract high rollers and you are making a good income, the country you are in might require those who operate an online casino for a license or else they will request your host to take it down or even prosecute you, to avoid those hustles check the guidelines where you are located.

[redsun114]

I think that's already a give away since we hang out in the gambling discussion. I didn't say I like to play in a non-licensed casino, it's that I don't check it anymore. I'm just worried the integrity of it but I don't like to participate in KYC too, but if it is needed and I have a large balance on the casino, I would probably do it and with a condition where I know they are a trusted site that has a good reputation.

I don't know why you are saying because the first part you said you like to play in a non-licensed casino because they have no KYC. Then you said you want to stay anonymous because it's fun (getting weird). Then I don't know how it is connected to losing while you gamble. KYC doesn't improve your chances to win. Lol.

The truth is nobody wants to gamble on a site with KYC regulation even though it is licensed and at the same time, 80% of gamblers would not gamble on a site that is not licensed for trust issues. I believe there are still licensed site that do not follow this KYC policy and if it’s now a compulsory thing for every gambling site to comply in other to be regulated, then I suggest it should be ignored because the number of gamblers that are not willing to play on a KYC site a more.

I believe there a many ways to convince users of being reputable aside License, if KYC is compulsory to make a site licensed and if I were to be an operator, I would rather leave it without licensed and work on promoting the site to the public and also rendering standard services that would keep the players coming.

[aioc]

Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

If you want legality and you don't want to get questioned by authorities in your area or location it's better to check if you need a license on where your server is located, there's a possibility that it will be shut down, and you don't want to happen after spending thousands of dollars in your operational cost.