Gambling License

[gadado]

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'm no quite knowledgeable about Licenses I just usually click the logo of the Curucao License at the bottom and usually it links to a website where you can verify its legitimacy.
2. I don't think so since anytime they could close your account, close the website and run away with the players money
3. If they are new I occasionally play there not a big amount of course and maybe some after time there is always one user who will get lucky to win an amount and if they managed to withdraw it or the casino pays the player then that's a good indication that the casino could be trusted.

Most online betting site and casino I visited that require KYC are registered to Malta I don't think the differences about licenses but I mostly stay away from casinos or betting site that asks for personal information

[milewilda]

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. Some of famous sites doesnt have a license or do play on the neutral side but still able to get some attraction due to good service that they had given out to players and make theirselves bigger in a matter of time.
2. Its enough for me, as long i do know that they're fair then i wont really have those questions in mind or doubts when i do lost.
3. Common sense, people will really be going after into those sites that had much better review and feedbacks.For something new then we should only test it with small amounts rather than making a big deposit since you wouldnt know if they had just created the site just for them to scam out people.

[adzino]

Does it really matter where the casino got their license as long as they are legit and fair to their players?

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

It would be stupid to trust a casino blindly just because it is providing provably fair games. Anyone can build a provably fair games, allow users to deposit and then never let them withdraw. Or build trusts for few days and then stop processing withdrawals of those who won big. Reputation matters. The older the casino is, the better it is. They are "old" because they managed to run their business up till today without any problems.

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?

Like I said, it won't matter for most of the people as long as the casino is fair and has a very good reputation.

[wxa7115]

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?

To me the third question is the most important, without a doubt a casino that has a gambling license is preferred but it is not like that is a protection against getting scammed, the most important aspect when looking for a bitcoin casino to play there long term is their reputation over the years.

If their reputation is shaky and every few months you see players coming with rightful accusations against the casino even if they are successfully resolved that tells me the casino does not have the best support, which is critical as sooner or later you will run in trouble and you want to know the casino has your back in those cases, but if the casino has a good reputation with little to no incidents then that is a casino where you can play knowing your coins are most likely are safe, but what about new casinos? Personally I do not bother with them since I am not risking my coins just to try a new casino with no reputation.

[dothebeats]

2. It isn't enough to for a platform to host a provably-fair game. It has to have some solid backing on it, like an established community, for me to consider playing in their turf. There are some platforms who offered provably-fair games for the first few months, then after people got comfortable, they just rigged the system and disappeared. I forgot the name of that casino but they were red tagged to hell for doing that stunt.

3. I usually avoid 'new' casinos unless some other trusted members here vouched for them, or have played and gave their honest review. Then again, due to that particular casino that I was talking about, I never really tried new casinos anymore starting 2019.

[Becky666]

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.

More also like me, the licensed casinos had showed to us that; not all licensed gambling casinos that should be trusted. Series of accusations has been raised in the forum without any coregent reasons. The importance of a reputable and trusted gambling casino is; gamblers have used the platform and find sincerity and trustworthiness. Personally, I won't go for gambling platform because it's licensed but without reputation.

[goaldigger]

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.

More also like me, the licensed casinos had showed to us that; not all licensed gambling casinos that should be trusted. Series of accusations has been raised in the forum without any coregent reasons. The importance of a reputable and trusted gambling casino is; gamblers have used the platform and find sincerity and trustworthiness. Personally, I won't go for gambling platform because it's licensed but without reputation.

Licensed can be on of your basis to prove the site legitimacy but if they offer not good services, then I think I also have to look for alternatives with a good reputation. Many unlicensed gambling site are offering fair system and many gamblers are playing on that site without any doubt. The application for licensing is not easy and maybe requires a lot of money as well, maybe this is the reason why some gambling site are not applying for it, or the law allows them to operate legally without a license.

[target]

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.

[chaser15]

I have to admit that I'm one of the users who are not looking for a licensed whenever a gambling site got introduced in the Bitcointalk forum nicely and able to answer all queries by the community by their active representative.

And to add trust, if they held a signature campaign here and able to get a good track record in terms of payment.

If their representative unable to answer the usual "Are you licensed?" question which supposedly just a simple matter, then that's the time their legality will be questioned.

[DarkDays]

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?

As a gambler I do rely a little on other players, and when looking at legitimacy if it comes from 'sketchy' countries then if it is a new casino
I wait until there're enough feedback before I decide to register or deposit.

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

I usually regard places with provably fair games more legit then others but again if this is coming from a less regulated country, this on its own won't be enough.
This is because the casino could still walk away with large amounts of money, having provably fair games doesn't prevent that.

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

If new, I for sure won't be the guinea pig. There are too many casinos out there that I can use, there isn't a large incentive to try new ones out, specially if I'm not sure about their regulation etc.
[/quote]

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?

To me it does but again I won't solely rely on regulations, I'd still be careful. This is something others should take after also.

[Johnyz]

Some gambling site are worth trying for even if they are not licensed and I’m fine with that as long as I can withdraw my winnings, its ok to play with them. I don’t know much about the licensing of gambling site but if a reputable gambling site is also a licensed gambling site, then its a big plus for their reputation.

[Twinkledoe]

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.

This is one of the advantage of reading here in the forum. A lot of new casinos can't get their license yet but they can already introduce their platform here and start their business rolling. That is true, if there is no scam accusations thrown to them, then there's no reason not to try on their casino. And if their support is active and fast, then they have good chance that they can attract players. This is also the reason why some casinos are having their test period also, to check potential bugs and issues. Some only acquire license once they are already established, and there's nothing wrong with that as long as they are having good relationship with their players. But yes, having gambling license is a plus even if it is Curacao license.

[Danslip]

The regulation of gambling platforms is an important factor for obvious reasons, playing in the unlicensed casino is the backdoor for the casino management to cheat on the player and no one will help the victims, from my experience. The new casinos should be tried by gamblers and the gamblers will share their opinions on various forums, social media as usual. Unlike well-known casinos, the license and KYC requirements are the first two things I look for before depositing a cent to my newly registered account.

[goinmerry]

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?

1. Not actually engaging in that part. I do have my own way to analyze if the gambling site is kind of shit or not.

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

2. For me, NO but not a big deal if that's the only thing they can offer. Overall, it depends on how they introduce the site and offers something good. Plus of course, if they show some positive traits that a good gambling site should have.

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

3. If it's new then I want to see first how they want to improve their reputation starting from scratch. If I saw the effort was good, in terms of marketing, keeping in touch with the community, giving regular updates, and so on, that was a big + to me.

[shield132]

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. Most likely crypto casinos are registered under the law of Curacao. Also want to remind you that major crypto casinos carry the license of curacao. So in crypto world it doesn't mean that casino may be a scam if operates under that license, no. This forum is the place where almost every crypto business starts operating and you'll see all of the major crypto casinos have ANN threads here and are very active. This forum is great indicator to decide whether you can trust this or that casino. There is trust system implemented and you can check whether representative of certain casino here has been banned or not, also you can check scam accusation / reputation threads here about casinos if there exists any and then why that happened, how it was solved, etc.

2. Provably Fair games on some casinos aren't really provably fair because they can fake it. As I told you, reputation of casinos on this forum comes in action again.

3. There are some new casinos made by old ones, for example Stake by PrimeDice and Tower.bet by DuckDice. These are new casinos but established by a professional and well-known ones. If there is a new casino that you don't know and don't want to risk, then wait for a time to pass and keep an eye on it.

[Google+]

Some gambling site are worth trying for even if they are not licensed and I’m fine with that as long as I can withdraw my winnings, its ok to play with them. I don’t know much about the licensing of gambling site but if a reputable gambling site is also a licensed gambling site, then its a big plus for their reputation.

well I think you have to be careful when gambling because so far there are indeed many new gambling places that have appeared and do not have clear licenses so as much as possible you can try it with small money first to observe the gambling place.

[maydna]

Some gambling site are worth trying for even if they are not licensed and I’m fine with that as long as I can withdraw my winnings, its ok to play with them. I don’t know much about the licensing of gambling site but if a reputable gambling site is also a licensed gambling site, then its a big plus for their reputation.

well I think you have to be careful when gambling because so far there are indeed many new gambling places that have appeared and do not have clear licenses so as much as possible you can try it with small money first to observe the gambling place.

Indeed, but that new gambling site will think about getting a license to prove to their member and people that their business is real. That is what the casino needs to do if they concern to have trust from their members, and with using a license, they can grow their business because people will see that the casino works hard to become a recommended gambling site.

If the casino doesn't have a license, it doesn't mean that they will scam you because perhaps, that is just a process before they can have a license.

[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.

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.

I don't need to google search it because I personally experience it with my team when I work with a start up poker casino during 2017. I don't know what's the improvement on there process but still they are the easiest license to get. All things that you mention above is the typical requirements for getting a license even on other country which require more effort and money. Are you just assuming that getting license requires documents submitted via mail??

Try to review UK gambling license requirements. 

[btc78]

Some gambling site are worth trying for even if they are not licensed and I’m fine with that as long as I can withdraw my winnings, its ok to play with them. I don’t know much about the licensing of gambling site but if a reputable gambling site is also a licensed gambling site, then its a big plus for their reputation.

well I think you have to be careful when gambling because so far there are indeed many new gambling places that have appeared and do not have clear licenses so as much as possible you can try it with small money first to observe the gambling place.

why need to play in other gambling sites that you are not sure when you can gamble in legit and proven gambling sites already?
there are lots of them here or even outside the forum ,but i advise you to choose the legit and status here in forum like those who have
 running their signature campaigns here like what i am wearing.
check it out and it is for you to decide.

[jademaxsuy]

Casino does not really offer provably fair games for they are doing their business and that is extending their house edge. They do not need luck to earn but they only created advantage on their part so that they will going to earn. A percentage probably that will help them win in the long run against any gamblers. But this does not mean that a gambler will just going to lose. It is just that there will be few gamblers that could win huge and there will be many gamblers that could lose in gambling. This is why we have seen some lucky gamblers taking home huge wins.

However even gamblers lose in with casino, still the fun and excitement could not be paid as an experience of a gambler. This is why others are doing it for socializing, leisure or other activities that could help them unwind and not really getting into problem. This is the essence of gambling and not by getting addicted to it.