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Author Topic: Where to open an online Bitcoin Casino  (Read 1150 times)
BitcoinTurk
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January 29, 2020, 03:17:34 PM
 #41

I am looking to open a new bitcoin casino.

I want to start off by opening an online bitcoin casino WITHOUT a license. I want to know what countries allow for this LEGALLY.

I plan to get a license in the future if my website gets some decent traffic.

Unless you own a license, you cannot easily make such an attempt in any country. You will experience great problems both in terms of legal problems, state regulations and user trust. Also, if you do such a thing, you will not be able to find a player to use your service, because no one will want to use a service that he does not trust, does not know his center, and does not have a license. As I mentioned, you cannot perform such a service or initiative in terms of legal terms, government terms and user trust. If it is done, you will face great difficulties or you cannot find a player for your service.
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January 29, 2020, 09:11:55 PM
 #42

I am looking to open a new bitcoin casino.

I want to start off by opening an online bitcoin casino WITHOUT a license. I want to know what countries allow for this LEGALLY.

I plan to get a license in the future if my website gets some decent traffic.
Online gambling law differ from countries to countries. You probably should hire a legal team so that they can advise you what to do and what not to before you start taking some huge steps or else you might fall into some deep trouble. Probably a quick google search might help you get the information you are looking for? And why would someone play on an unlicensed casino while are tons of other well known casino with a license? You probably should rethink about getting a license.

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February 04, 2020, 11:47:20 AM
 #43

Online gambling law differ from countries to countries. You probably should hire a legal team so that they can advise you what to do and what not to before you start taking some huge steps or else you might fall into some deep trouble. Probably a quick google search might help you get the information you are looking for? And why would someone play on an unlicensed casino while are tons of other well known casino with a license? You probably should rethink about getting a license.
Yes, we need to obey the rules, especially in gambling specifically in casinos, because we all know that in casinos a huge amount of money is can be get by winning a jackpot, and also a large amount of money is being regulated every day, thought you want to operate it in an online still you need to have your business licensed to operate it and run in online.

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February 04, 2020, 03:26:26 PM
 #44

I will not play on that website if, in the first play, it's not running legally, you have nothing to lose! You can close the website anytime if you get a vast number of users. And if you want to run it, you should get a license considering that in the end, it will just cost you a large amount of money to fix your title if someone from the government discovers it.

And if you are going to run with that setup. I don't think that there are players that are going to risk their money on your site.

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February 04, 2020, 04:12:58 PM
 #45

Why do you want to open a gambling site without a license? Are you short of capital?

Unlicensed online casino sites are the least visited so they will not get large traffic. So the thing that you must prioritize if you want to open it is a license, without a license you will only waste time because there wont be many people who trust your site. If you have enough capital then think about licensing, then you only need to do a promotion to make your site famous and its common.

Without capital and licenses, I dont think casino sites will get a decent visit, even your site will also be categorized as a casino site that users might have to avoid for safety.

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February 04, 2020, 04:18:03 PM
 #46

Every country has its own jurisdictions and we should obey this and avoid putting on jail. A gambling license is required as a certificate of a gambling company that allows them to operate gambling under what jurisdiction they had. Operate gambling legally and without any complication may happen in the future. If you are changing your mind regarding how to get a Gaming License I'm sure you will realize how important it is.

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February 04, 2020, 07:41:24 PM
 #47

OP wants to open a casino without a license since like the usual mindset of any people doing small startups, "I'm a small business so why should I get a license to operate! I will get a license once my site becomes popular and famous".

They didn't realize that one thing gambler wants before playing in a site is the assurance that the site is legally operating and complying with laws. Do these people really think that by opening up a website, it is easy to attract users?

As OP has mentioned, it's a 1 on 1 PVP based-game. Making it riskier to test it with people's money since aside from the site isn't operating legally, we can't determine the fairness of both parties.
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February 04, 2020, 09:20:54 PM
 #48

OP wants to open a casino without a license since like the usual mindset of any people doing small startups, "I'm a small business so why should I get a license to operate! I will get a license once my site becomes popular and famous".

They didn't realize that one thing gambler wants before playing in a site is the assurance that the site is legally operating and complying with laws. Do these people really think that by opening up a website, it is easy to attract users?

As OP has mentioned, it's a 1 on 1 PVP based-game. Making it riskier to test it with people's money since aside from the site isn't operating legally, we can't determine the fairness of both parties.
Knowing the site youre playing that had license is good and is a must thing for those casinos that are physically operating but for online ones?
For sure it wont really be that necessary specially if countries laws arent really that strict.Imho even good sites nowadays, there are still who
dont have licenses yet but they've become popular to the masses.

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February 05, 2020, 08:04:47 AM
 #49

Every country has its own jurisdictions and we should obey this and avoid putting on jail. A gambling license is required as a certificate of a gambling company that allows them to operate gambling under what jurisdiction they had. Operate gambling legally and without any complication may happen in the future. If you are changing your mind regarding how to get a Gaming License I'm sure you will realize how important it is.
Especially in terms of gambling , it could be process and have papers from the government ,it is must. The site can be browse in every part of this world, so meaning it is needed to be licensed in case of everything and so that the local government will not banned it , and it will not prohibits its countrymen to use that. Here in us , every gambling activity has the government licensed on it.

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February 05, 2020, 08:31:57 AM
 #50

I don't think there's no such country allowing having any operations with money involved to be not licensed. Since your website involves transactions, money, and sales, they would most certainly look for you and your permits to operate.

If you plan to release it anyway, try releasing it only in testing phase. Have a group of people interested in testing out the game first, and without real money involved, have them play around your simple website/casino (if that's what you'd call it). Testing the product first before it's release has some advantages like:
  • You'd be aware of the bugs, if there are any.
  • You'd get responses from the testers on what to improve on the gameplay and the site overall
  • You could reduce the chances that something goes wrong while players are actually playing and betting their own money (which would lead to lawsuits).



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February 05, 2020, 08:34:36 AM
 #51

Around the cryptospce we have more number of cryptocurrency accepted casinos. Countries fear of cryptocurrencies and as a result it is quite hard to get legal acceptance to open a cryptocurrency accepted casino. Getting decent traffic is possible through the uniqueness the casino has got compared to the other casinos. Beyond this it is the marketing that receives the traffic in bigger scale.

Around the globe there were few countries that support cryptocurrency related businesses, it is good to get it registered on those countries and move in the future to your own country if something positive happens with cryptocurrencies usage.

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February 05, 2020, 08:42:25 AM
 #52

Every country has its own jurisdictions and we should obey this and avoid putting on jail. A gambling license is required as a certificate of a gambling company that allows them to operate gambling under what jurisdiction they had. Operate gambling legally and without any complication may happen in the future. If you are changing your mind regarding how to get a Gaming License I'm sure you will realize how important it is.
Especially in terms of gambling , it could be process and have papers from the government ,it is must. The site can be browse in every part of this world, so meaning it is needed to be licensed in case of everything and so that the local government will not banned it , and it will not prohibits its countrymen to use that. Here in us , every gambling activity has the government licensed on it.

And yet it could give a good impact to the site since licensed company is good for the gamblers to trust with since most of them need an assurance for their money that's why if the gambling owner will comply to all legal requirements then provably he can create a good business here. And I saw do many unlicensed sited here yet they are been lambasted by many criticism and accusation so they should think legally before operating this type of business.

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February 05, 2020, 09:30:02 AM
 #53

Especially in terms of gambling , it could be process and have papers from the government ,it is must.
yes it is but its sad to know that most of the gambling sites dont ever comply with this basic rule  . this is why we gamblers having a hard time of picking if which casino to trust with our funds  .

The site can be browse in every part of this world, so meaning it is needed to be licensed in case of everything and so that the local government will not banned it , and it will not prohibits its countrymen to use that. Here in us , every gambling activity has the government licensed on it.
not really buddy . not all gambling site can be access on all regions because they might be illegal so they are blocked  . using vpn is not also allowed on most gambling site  . the accesibility is not dependent on the license    .  on what place you live and on what kind of gambling your refering too  ? offline  ?
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February 05, 2020, 11:07:57 AM
 #54

I am looking to open a new bitcoin casino.

I want to start off by opening an online bitcoin casino WITHOUT a license. I want to know what countries allow for this LEGALLY.

I plan to get a license in the future if my website gets some decent traffic.
Actually every country has it's law especially when it comes to gambling business in which every country has it's law about the legalization of their business so that it would not be illegal after all, it is a important matter that the gambling business is licensed altrady so that the clients also will not be afraid to play on your bitcoin casino, better if you will be able to look some lawyer or attorney on what you need to do in order to start a bitcoin casino that is legal because in my country you need to have a business permit before you operate any business especially with gambling business or casinos.

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February 05, 2020, 12:14:00 PM
 #55


And yet it could give a good impact to the site since licensed company is good for the gamblers to trust with since most of them need an assurance for their money that's why if the gambling owner will comply to all legal requirements then provably he can create a good business here. And I saw do many unlicensed sited here yet they are been lambasted by many criticism and accusation so they should think legally before operating this type of business.
The trust on the gambling site would surely be boosted ones a gambling site is licensed, At least the gamblers would have a calm mind thinking that the owner wouldn't run out on his gambling site when a problem happens, One of the biggest factor that a gambling site should have is the trust they can give into their gamblers, a license can be the one who can capture the hearts of the potential players that a gambling site would get.

There are some countries that can give out a license even though it's hard and it cost a lot, I think it would be useful in gaining trust and to avoid legitimacy problems.
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February 05, 2020, 02:11:38 PM
 #56

As we already knew that we have many recommended gambling site which has a license, we can play on their site without thinking about trying with the new site because they don't have a license or they don't have reputations. The new website needs to build reputations and of course license, so gamblers can feel comfortable to play in their site. But if he insists on creating his gambling site without thinking about the license, maybe he can get the money from gamblers who will not think about the license.

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February 05, 2020, 08:18:15 PM
 #57

There is a very very very small set of nations that both look great on crypto currencies and also would allow you to start an online casino based in their nations but runs on another nation on top of that allows you to apply without going there. So, when you bring all of that together, you understand why most of the big websites (almost all) used some weird ass island nation that worths nothing and having absolutely no control or even law power to jail anyone even if they are registered as a casino there and still scam people.

Caraboa or whatever those licenses worth zero, you think anyone would be able to do anything at all if that casino with worthless license just scams you? The best case would be just simply create a wave of trust that nobody could deny.

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February 05, 2020, 08:25:19 PM
 #58

Look I will be very straight forward with you here. There are already massive number of casinos and punters out there and if you are not even going to be licensed then it will be a cut-throat situation for you in such a liquid market. I mean why would a gambler risk their funds on your website? So for me a casino that is new, the first thing I WOULD look for is - is the casino licensed? If not then I would never deposit my own money there.

Secondly, if a gambler loses a big amount of bitcoins on your casino and you are no under any legal security then they can always threaten you to sue you and get back their funds.
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February 05, 2020, 08:30:01 PM
 #59

I will not play on that website if, in the first play, it's not running legally, you have nothing to lose! You can close the website anytime if you get a vast number of users. And if you want to run it, you should get a license considering that in the end, it will just cost you a large amount of money to fix your title if someone from the government discovers it.

And if you are going to run with that setup. I don't think that there are players that are going to risk their money on your site.
While I agree with you, I would admit that I often play at primedice and I don't know if its legal or not. Don't get me wrong I actually never spare any time to bother about these things, as long as bitcointalk community trust a betting website I would always feel safe betting there.

There have been a lot of casino that looked so good and even claimed to be licensed but ended up as being fishy and scam. I was reading around recently in the forum where the betting website changed their rules as the gambler won a few extra mbtc and they had to change rules to make sure they can avoid such losses. So yeah sort of agree that being licensed is good but if you have a goodwill here at forum, it helps!

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February 05, 2020, 09:45:14 PM
 #60

Even if you are worried on not making any funds in your website even after acquiring a licence, I still think its best to get the licence.
More people are gambling this days since cryptocurrency makes it easier for them to. One thing that draws them to a site is how legit it is and the marketing. So, set up your casino with new features in it, and market it well. Truth is, you will still have to spend some good amount of fund in the beginning but soon enough, it will pay off.
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