Gambling License

[Yogee]

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?

[1715263790]

1715263790

[1715263790]

1715263790

[avikz]

registration of a casino is a good to have feature but its not mandatory - at least from the gambler's perspective! So majority of crypto casinos try to register themselves just to build the trust factor among the players. Curacao has become popular destination for such businesses because they are known as tax heaven for such businesses. Companies need to pay on 2% tax on profit! Read it again - 2% on profit and not on revenue!

Now to answer your questions -

1. There is a way to verify the legitimacy of the license. Please see below link on how to do it,

https://casino-howto.com/blog/how-to-verify-curacao-gambling-licenses-easy/

It contains the process of verification.

2. Depends on an individual. There are many casinos who are not registered by offering provably fair games. It depends on you whether you are comfortable using a nion-registered casinos.

3. That's why a forum like bitcointalk is here. You can get live reviews from the community members on real time basis.

Having a license doesn't mean a business is fair. A simple example is butstarz casino which is registered in Curacao but their reputation is really bad in bitcointalk.

[ralle14]

Since avikz already answered the first question i'll start with the second question.

2. Is it enough that they offer provably fair games?

For me the provably fair games aren't enough. With or without the license they could easily lose their reputation if they couldn't maintain their reliability.

3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

If it's a new casino better wait for other gamblers to try it out since the games are usually the same.

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?

No. I don't rely on the license of a casino that much since there's also bitcoin casinos here that didn't have a license and still treat their players fair.

[TGD]

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?

I will make a big difference of ever a casino get a license from a more stricter country like UK because gambler can guarantee that the regulators do there job to audit the casino before they give the license unlike Curaçao license that anyone can get as long as you have money to pay them.

The problem was the qualification standard of the casino to get that license. I believe casino under UK will require user to do KYC and will imposed a lot of rules that will not beneficial for online gamblers. There's always a pros and cons on this discussion.

[Mauser]

Questions:

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?

I think your question 2 and 3 are very closely related. Unforntunately a gambling license is not a guarantee that the games are fair games. It would still be on us gamblers to check the games if the are actually fair games. Most gamers just rely on the reputation of a good casinos and look for reviews. So with new casinos it's hard for anybody to determine if it's legit or a scam. The casino website could be 100% legit, with license, provably fair games and everything, and in the end it could still be a scam if you have issue when withdrawing money from the casino site. My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.
 

[carter34]

Questions:

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?

My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.

That is a nice approach and way to know a genuine gambling site. I don't depend on review a lot or the extent that they have existed. I depend on my own experience with them to build my own trust level. I will not start with huge amount until I can now get some trust based on how my withdrawal is with them, because withdrawal is the ultimate in it all.

[Questat]

I am more on the reputation than the license, why? because reputation means casinos are operating profitably as there's a lot of gamblers who trusted them. I just think that even if we are playing in a license casino and then we got scammed for let's say an amount of $1,000, how far we go to go after the casino?  Me, I just for move on and accept the loses, besides I don't gamble what I can't afford to lose.

[tippytoes]

Questions:

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?

My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.

That is a nice approach and way to know a genuine gambling site. I don't depend on review a lot or the extent that they have existed. I depend on my own experience with them to build my own trust level. I will not start with huge amount until I can now get some trust based on how my withdrawal is with them, because withdrawal is the ultimate in it all.

But feedback from users is also important to see how they treat all levels of players. Are they resolving issues whether it is just a small one? So reading their thread here, if there's any, will give you insights on how they are managing their business. But it is also true, to get the real experience, start small and see how it goes from there. Actual experience is necessary to gauge how you feel playing on a particular casino. If it satisfies your playing experience or not. And from there, you can also check the provable fairness of the game, where casinos usually have their own section to check the fairness of the game.

There are threads here in the forum having in-depth discussion on this topic and tutorials for some casinos :

https://bitcointalk.org/index.php?topic=5227525.0 -  How fair is Provably Fair? Do you verify every bet as a gambler? (New Update)
https://bitcointalk.org/index.php?topic=5235045.0 - How to check fairness of your bet - based on Luckydice
https://bitcointalk.org/index.php?topic=5278377    - 🍀Lucky.lat🍀 - Bets verifier for Luckybit

[Coin_trader]

Having a license doesn't mean a business is fair. A simple example is butstarz casino which is registered in Curacao but their reputation is really bad in bitcointalk.

That depends on what country you have license. We all know that Curacao license doesn't mean at all, Curacao license only requires fee and a fair system on the casino so as long as you meet that requirements, Casino are already good to go without no further investigation after the initial one. Although some trusted casino have a Curacao license due to favorable tax for the operator.


Answering the third question. It's easy to spot a scam new casino. You can check the quality of domain, hosting, script, UI/UX design and there marketing. If they show a good quality casino that looks like they invested a lot of money to build it then that is a good sign that the operator is serious on establishing and operating the casino for the long run.

[imstillthebest]

i dont call my self a pro but i can be a casual gambler . i dont check the license but i just play on the casino that i think not a scam . all of them are registered , they claim that within thier site . having these two is already enough and the place where it was registered is not a big deal to me but idk to some  . if they are pro and big bettors , they probably care with it because they dont want to waste every bet they make . mostly the sites that i use are under curacao . curacao accept what they think is legit but they dont know if what happens next , the gambling site can do shady acts but curacao can always reverse the contract if found out so that their reputation will not be affected .

[Sanitough]

i dont call my self a pro but i can be a casual gambler . i dont check the license but i just play on the casino that i think not a scam . all of them are registered , they claim that within thier site . having these two is already enough and the place where it was registered is not a big deal to me but idk to some  . if they are pro and big bettors , they probably care with it because they dont want to waste every bet they make . mostly the sites that i use are under curacao . curacao accept what they think is legit but they dont know if what happens next , the gambling site can do shady acts but curacao can always reverse the contract if found out so that their reputation will not be affected .

I heard about some casinos are hyping us about their curabao license, but to be honest, I am not impress with that as license is a basic requirement in order for them to operation, but reputation is the most important as it will be build along the way.

Some sites have good reputation, so if you'll ask me, I would not doubt anymore about their license, if they don't have, then they must be special for people to like them despite being unlicensed. Actually the word license should not be a big deal as we are in crypto, what we value is anonymity and license means we have to comply some regulation which would defeat the purpose of anonymity.

[mu_enrico]

License is just to show that the business is serious (the intent), especially if it is issued in Curacao or other places that don't have good governance. Something is better than nothing IMO.

Provably fair is good, but it has a different purpose than the license. A license is more to make sure the casino doesn't suddenly get raided by cops. Besides, there are only a limited number of provably fair games and even fewer if you count only the "actually playable" from gamers' eyes.

Reputation/review can be a good indicator of a legit casino, but not always since it can be gamed. I'll try it myself even though it has a bad reputation, as always, DYOR.

[Sadlife]

License is a necessity for gambling casino's it show legitimacy, and people will trust it more and deposit huge amount of money because they know their money is safe. Actually most gambling sites has those proof in order to operate in the long run, because without license your business maybe banned and can be shutdown by the government regulators, endangering your customer's money.

[RokokGudangGaram]

License is just to show that the business is serious (the intent), especially if it is issued in Curacao or other places that don't have good governance. Something is better than nothing IMO.

Provably fair is good, but it has a different purpose than the license. A license is more to make sure the casino doesn't suddenly get raided by cops. Besides, there are only a limited number of provably fair games and even fewer if you count only the "actually playable" from gamers' eyes.

Reputation/review can be a good indicator of a legit casino, but not always since it can be gamed. I'll try it myself even though it has a bad reputation, as always, DYOR.

Very well said. Indeed, having a license contributes to the kind of service that the casino wants to offer and it somehow affects the perception of players towards the casino. And I agree that provably fair games has different purpose with a casino being licensed, it is good enough but it doesn’t stop there. Whether it is old or new casino, it is crucial to conduct research and check out for reviews of players regarding their experiences.

[avikz]

Having a license doesn't mean a business is fair. A simple example is butstarz casino which is registered in Curacao but their reputation is really bad in bitcointalk.

That depends on what country you have license. We all know that Curacao license doesn't mean at all, Curacao license only requires fee and a fair system on the casino so as long as you meet that requirements, Casino are already good to go without no further investigation after the initial one. Although some trusted casino have a Curacao license due to favorable tax for the operator.

A Curacao license holder casino needs to be audited every year! Try a little Google search and you will find the information. It also requires the promoters to travel to Curacao at certain intervals for some legal check or so. So while it's easy to get a license from Curacao but it requires certain efforts to maintain it.

[ScamViruS]

It is understood through the license that they have come to do business in a serious way. And because of the license, there is no possibility of any sudden major raid by the authorities. Curacao is the easiest to get gambling license, they do not verify well up to the standard of those gambling casinos.

There are many licensed casinos that are not fair, there are many casinos that are not licensed but they are giving good service. So whether a casino is good or bad should be considered in public reviews, but in this case also you have to be careful from paid reviews.

[mindrust]

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?

1. Curaçao license means nothing to me.

2. No it is not.

3. If it is new, I let the others do the testing. Curaçao still means nothing. OK Maybe not nothing... It may mean a little bit of something but not that much enough to change my opinion.

[Lakai01]

License is a necessity for gambling casino's it show legitimacy, and people will trust it more and deposit huge amount of money because they know their money is safe.

I see it completely different. A gambling license from Curaçao, for example, is anything but difficult to get and probably not a big hurdle for any casino.
Just because a casino had enough money to buy a license does not mean that you can trust it. Licensed or not, does not indicate whether a casino rather scamed you or not.


Without knowing for sure, I think that very few crypto casinos are licensed at all. Maybe efialtis from BTCGosu has more information about this?

[akhjob]

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?

1. I don't really care about the licensing and regulations. Reputation of the site is a must for me.
2. Provably fair game is not enough for me, but its a big plus.
3. If its new, I dont even check them unless some reputed members vouch for them.

Whether the licensing is from Malta or UK or Curacao, its all the same for me.

[dunfida]

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?

1. We know that having license is one of the most important thing but just like on what others said, it doesnt really matter much to me
   as long the sites reputation is okay.

2. You can verify their games but legit sites would really make you able to do so.

3. If you do deal with something new then its always been ideal to test out waters with just a small amount of money and then you can make out your own reviews towards it. You can eventually tell the sites potential by just looking on its appearance on the first place.If you do saw a mediocre or poorly designed or built side
then you would really have those perceptions.