Gambling License

[perla]

For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.

[wxa7115]

If it doesn't have a scam accusation here in bitcointalk and their trust isn't red, I think its enough reason to test the casino. The users in the forum normally say something when they feel they are being cheated by the casino and if they do have proof they will provide it. And then active DTs will investigate a bit and when they find it authentic, it becomes a valid proof that will reflect to its reputation.

New casino doesn't mean dubious casino but it help if they have license to build reputation.

It is natural that people are nervous about playing in new casinos, this is because they understand very well that once your coins are not in your wallet you depend entirely on the casino to give you back your coins, and as we know there are many scams going around in the market of cryptocurrencies so a gambling license can be enough for some people to take a risk and gamble there.

However I agree that the most important thing is the reputation the casino accumulates over the time it is on business and without a doubt the best place to find that information is this forum as all scam accusations will be taken seriously by DT members and if there is something wrong you can be sure the casino will be red tagged and then everyone will know they are not to be trusted with your money.

[Chrystora123]

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It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 

[dimonstration]

For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.

New casinos will need to have games that are new and interesting to be able to have loyal customers as there are already too many popular gambling sites, for other to risk on their sites they should be liscensed so it lessen the risk of those who want to try their casino as much as possible no KYC if only few bucks or dollars will be deposited. Maybe KYC only when theres a certain amount reach to deposit or withdraw like what other casino or exchanges have.

[Twinkledoe]

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It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 

License coming from Curacao or UK or Malta will give you comfort as it means they are serious in putting up their gambling site. But for new casinos, it is ok for me that they don't have their gambling license yet but you need to be careful in depositing large amounts of money. If you want to play with them, try with small amounts. There are so many casinos that are substandard and also look for feedback or their trust summary, if they have account here. It will help you assess if the casino is worth playing with.

[Danslip]

snip..

It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 

License coming from Curacao or UK or Malta will give you comfort as it means they are serious in putting up their gambling site. But for new casinos, it is ok for me that they don't have their gambling license yet but you need to be careful in depositing large amounts of money. If you want to play with them, try with small amounts. There are so many casinos that are substandard and also look for feedback or their trust summary, if they have account here. It will help you assess if the casino is worth playing with.

The license from the UK has other disadvantages too, for example, remember the Epayments case. Epayments was not a gambling platform, and the transfers from/to gambling websites were strictly prohibited due to the UK license requirements but this company has been closed since April. Who guarantees a similar situation will not happen for gambling platforms too?

[FontSeli]

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

Of course, I would like the casino to be checked by authorized persons and issued a license if everything is fair there.
However, this license is not as important as the honest reputation of the casino, which is developed over the years.
Also, for crypto casinos that make games in the blockchain and have the ability to check each bet, the license is absolutely unimportant.

[rhomelmabini]

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

As my previous response it really makes a difference if a gambling site has license hence not that high or of high standards because if people knew there was a license in the first place as it's online on every transactions then they may be at peace because they have assurance where they can sue if comes a time the site pull the rug.

If there's a gambling licence of a gambling site or an online casino and it's on high standards pretty sure it is fair, has security and safety of the gamblers and you'll experience the best service they have to offer like online support on customer service.

[Lorence.xD]

They are registered in tax havens unfortunately, we can't do much because most tax haven get their profit from becoming a haven for shady business, this is a useful for tax evaders and scammers because their identity are fabricated. If we update our regulation regarding this cases because there are a lot of people who are tax evading under the noses, remember Panama Papers where a lot of shell companies sprouted andwas connected to influential people.

[peter0425]

For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.

What do you mean about that"Preferring Both"? is that you are Ok without license or with license ?
i think it depends on the gambling site if they are legitimate and secured even without licenses ,because if the site is just a newly created then the story may change because the chance of being scammed is there.

But me?i prefer old site,though i tried newly open site but with limits in betting and time of playing.

[btc-facebook]

Legitimate casinos cannot only be seen from the license they have, because sometimes casinos that have license may be scam,
so to see the casino is legitimate is when the community is actively playing there,
it's just that always be careful if suddenly the casino closes suddenly, make sure your funds are not stored there....

[yazher]

They are registered in tax havens unfortunately, we can't do much because most tax haven get their profit from becoming a haven for shady business, this is a useful for tax evaders and scammers because their identity are fabricated. If we update our regulation regarding this cases because there are a lot of people who are tax evading under the noses, remember Panama Papers where a lot of shell companies sprouted andwas connected to influential people.

It would hurt those people's feelings since the traditional of crypto gambling is to hide every identity when playing the only thing to accept is whether you are at the right age. Nowadays, we see much of the tax evaders using this opportunity to hide their wealth. Money laundering is a little bit complex, they're using those crypto gambling sites to evade some taxes. that's why most of the gambling site still have no license because they're gain may decrease if they going to get one. you can't really believe what these people can do with their money.

[jademaxsuy]

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

[Yogee]

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

Let's say for example, you decided to deposit $1,000 in casino Y since it is hailed by many online gamblers as reputable. One day, while your money is still in the casino, authorities seized the platform including the wallets they control because it was found out that it is operating illegally. What would you do? Will you file a claim to the authorities and make an excuse that you didn't think gambling license is needed?

Or are you just saying all the letters in bold since you don't actually gamble online?

[Debonaire217]

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

[Jating]

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

Let's say for example, you decided to deposit $1,000 in casino Y since it is hailed by many online gamblers as reputable. One day, while your money is still in the casino, authorities seized the platform including the wallets they control because it was found out that it is operating illegally. What would you do? Will you file a claim to the authorities and make an excuse that you didn't think gambling license is needed?

If I may answer, yes, you can file a claim, but I will say this is futile and consider my money as a 'gambling lost' already. That's why it's really important to check the legitimacy of an online casino and prefer to play on a platform that has been established themselves.

As for new those new casino's trying to make a name for themselves, you can see if the people behind are really that serious by the way they answered questions from gamblers or if they really have the license to operate in the first place.

[bitcoin31]

License is very impoetant to the business or for the gambling just like in online gambling many of them are not license or not registered to their specific country. Im playing to the online gambling here even does not online but it's good if they going to get a license so many players will trust . I don't know about legality of having gambling in the country of curacao if they really needed to have permt but for sure there is no government tolorate without license.

[pawanjain]

One thing many pro and casual gamblers like us always look for is whether the online casino is licensed or not but do we care where it was registered?

I noticed many online fiat or crypto casinos are registered under the Government of Curacao and I've read they're shady regulators. They accept casinos that will host fake games or casinos that will accept players from supposedly restricted countries.

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

It actually depends from person to person whether the license matters to them or not. Most of the times if the gambling is reputed enough then it's sufficient for the gambler to sign up and start gambling on that site. Gamblers generally don't look at the license but yeah they do look if the site has proper provably fair system implemented or not. Nowadays many sites already have verfiers present to check if they have provably fair correctly implemented or not.

[FontSeli]

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

[wildan88]

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

personally I feel more comfortable to provide documents for the KYC. if you have money or crypto, and have nothing to hide, then I do not see the problem with it.
When i gamble online, i also want to know who the casino is and if everything is legit.