Gambling company's responsibility

[Sled]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Maybe some had still in touch with them and maybe some will just forget their responsibility after giving the license and getting the payment. But I think this is not the reason why many gambling sites are got into trouble and become a sort of illegality, it was their own doings and it was their intention to break the rules. Because they are committed to what they sign from the agreement, they might be having good and obey the rules.

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[xSkylarx]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Maybe some had still in touch with them and maybe some will just forget their responsibility after giving the license and getting the payment. But I think this is not the reason why many gambling sites are got into trouble and become a sort of illegality, it was their own doings and it was their intention to break the rules. Because they are committed to what they sign from the agreement, they might be having good and obey the rules.

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

[dimonstration]

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

Don’t rely much on reviews, better read here in forum those casino and see for ourselves if they have records of scam or what their pros and cons. There are many casino that are liscenced and operatesfine with good customer support, while there ar with good and plenty of games to choose from. We may not find what we all wanted in one casino alone but atleasttry to research them before putting money and see their terms and rules regarding deposit, withdrawals, kyc and how they resolve issues.

[DU18]

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

Don’t rely much on reviews, better read here in forum those casino and see for ourselves if they have records of scam or what their pros and cons. There are many casino that are liscenced and operatesfine with good customer support, while there ar with good and plenty of games to choose from. We may not find what we all wanted in one casino alone but atleasttry to research them before putting money and see their terms and rules regarding deposit, withdrawals, kyc and how they resolve issues.

Sometimes the reviews are often just an attraction made by some people who are influencers from the casino site, and maybe even we will only see positive reviews and they actually hide negative reviews, I support what you say, because it is better for us to investigate how trustworthy they are by interacting directly with users who have been using the site for a long time.

[barbara44]

Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

I guess you are getting confused with product licence against regulatory licence.

Software provider will give you official copy of their casino software to do business with which is like those Curacao is doing whereas to operate the casino business, you must get approval from governments to provide gambling services to a country which is again being termed "license" but for different things.

Basically if you develop your own software then you need only one license which is regulatory approval from a government to provide gambling services to their people. Software license is easily available by paying the fee whereas government license needs lots of documentation and regulatory terms to be followed to make sure that a casino will not be breaching the laws of that country.

[madnessteat]

Curacao license is one of the cheapest, so it gets a huge number of online gambling sites. You should not expect that your problems will be resolved by the licensing authority. There are many stories on the Internet when even licensed casinos have not acted honestly with their users.

[Rruchi man]

CMIIW, but I think the main idea of those licenses is to take sorta KYC of gambling site owners.

How solid are these KYC's really when there are situations where licences are sold to new owners. How can those who issue licenses follow up on the licenses they issue to ensure that the new owners are of good reputation as well. Operating with a license is an indication of credibility but not a 100% guarantee that a gambling site is credible, for all you know, their license may just have been bought over by new owners with dubious intentions.

[South Park]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

This is an interesting thing to consider, I suppose there are some restrictions on those licenses that if broken it could allow for the issuer of that license to revoke it, however even if that was the case I do not think many gamblers would care, there are many casinos that do not have a license like that and that are still trusted by many people because they have not scammed anyone, and there are many casinos with a license which have done it, so at the end the license means absolutely nothing for most people.

[VanityWallets2015]

This topic comes up more and more. As a business, depending on the license, you must perform a KYC. If someone creates a new account in someone else's name, then what? I don't think a gambling site is obliged to verify that through a video call. Only documents should then be sufficient. And most site have a mechanism that once excluded, they stay excluded.

[uneng]

Take 1xbit as example: there are several complainments and scam accusations against them, but they still have a Curacao license. Their main gambling site, 1xbet, was even forbidden from sponsoring soccer clubs in Europe, what didn't prevent them from owning the license at same time.

It makes me believe those who concede the licenses don't worry about the casinos' reputations. They might just wash their hands of it, giving this responsability to the regulators and authorities of each country to apply the most appropriate sanctions or bans to problem casinos.

[Zilon]

I just wished this licensing companies don’t just relent after issuing out licenses but take better steps in ensuring the satisfaction of gamblers who visit most online and offline casinos we have had lots of complaints and most time I wonder if this licensing organizations are just there for what the stand to benefit or have the interest of gamblers at heart

[Alanaz]

but on the other hand I see that getting a license is currently very easy because the regulations set are not too strict so that even if the license already exists, it is only a sign that they have been recognized and the recognition that the gambling house only requires various rules and regulations. various files for licensing needs, the rest do not exist.

But it's a good thing that they can simply be recognized by several parties

[coupable]

If they are doing their job they'll monitor the gambling sites to whom they issued a license. However, most complaints nowadays are only done online, only a few of the complainants are filing a case against a gambling site that cheated them, that's why the provider could make the right action as I think that's their main basis, it has to be proven first before they make their own action.

You pointed out the reasons about how to chose the right company to play.
When i am asked about the best way to chose the right one, i always recommend to chose one from the reputed websites lunching their services using the bitcointalk forum. Channels in the forum is full of reviews based on users experiences in addition to the platform activities especially if they are running promotion campaigns here so you can rely on the quality of users who join them and the manager they hire to handle the campaign.

For online users, even with licenced companies, any user can get in unexpected troubles for a reason or another.

[harizen]

I just wished this licensing companies don’t just relent after issuing out licenses but take better steps in ensuring the satisfaction of gamblers who visit most online and offline casinos we have had lots of complaints and most time I wonder if this licensing organizations are just there for what the stand to benefit or have the interest of gamblers at heart

I think that's out of their control already. I mean, the company complies with all requirements legally, therefore, it's one step that the site is somehow trusted. It's now up to the people if they will choose to gamble on that site and understand the risks.

That's why it is always a good habit to check the site's reputation regardless of whether they are licensed or not. We should know already that crypto-gambling sites are not totally regulated so the safety measures should start from ourselves.

[Lanatsa]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

License isn't everything and not a solid thing that you could ensure that the site wont turn out to be a scam which is something unavoidable or couldn't really give out assurance for it not  to happen but

the thing here is that you could somewhat have that confidence that they could really be traced up at least rather than into those  who don't have license after all.

Speaking of monitoring then I don't believe that they are really that putting on it that much because once a gambling site had their licensed been released then
I don't see any further actions that those licensing companies would care that much.

[Johnyz]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Maybe that license will need to renew yearly and that’s the only time for the issuing company to see and analyze if that site is working according to the terms of conditions of that license and maybe they also have their support to contact with if you are having a bad experience with that site. Those who issue license are indeed responsible to monitor such gambling site because a lot of gamblers relies so much on the credibility of a license.

[chaser15]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

As a licensed provider, what they do is to ensure that the gambling company is following a legal procedure for their business to become legal. The fact that they were able to get a license, means all their public information was disclosed to the license provider.

What will happen along the way of their service can't be monitored. In this case, if something worst happened, maybe report them to the license providers to see what action they will do. I've now become curious if they will really take action.

[lixer]

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have  gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

1Xshit is a classic example of how you can have a license and still scam players because the license provider doesn't give a damn about players and all you need to do is complete the formalities and pay the license fee. I heard from someone that all these license providers are also biased towards the casino so in case you turn up to them for a scam accusation or report they will simply ask you to contact the casino and if at all, they will favor the casino only.

For crypto casinos, I think I rather prefer a casino with a reputation and history of paying players rather than a licensed casino but new and that has issues. One reason behind this logic is the fact that licensed casinos can ask for KYC much quickly and for no reason while anonymous casinos let you win and withdraw without any hassles but of course, they must have some background or history of operating.

[fullhdpixel]

Curacao license is one of the cheapest, so it gets a huge number of online gambling sites. You should not expect that your problems will be resolved by the licensing authority. There are many stories on the Internet when even licensed casinos have not acted honestly with their users.

Curacao license always takes minimal fees in terms of casino revenue, if I am not wrong it's 0% fees if you are operating outside Curacao remotely or something like that. I may be wrong though.

This topic comes up more and more. As a business, depending on the license, you must perform a KYC. If someone creates a new account in someone else's name, then what? I don't think a gambling site is obliged to verify that through a video call. Only documents should then be sufficient. And most site have a mechanism that once excluded, they stay excluded.

I've never seen a video call system from a casino either but maybe that's a new technique of harassing the players and an attempt at forcing the player to surrender their funds.

I never understood why verification and all matters because casinos can't be exploited and if one can exploit casino, he can easily fake documents lmao.

[Oilacris]

Curacao license is one of the cheapest, so it gets a huge number of online gambling sites. You should not expect that your problems will be resolved by the licensing authority. There are many stories on the Internet when even licensed casinos have not acted honestly with their users.

Also, if those funds had been ran off then dont expect that there would be some sort of recovery because those online gambling sites doesnt really ensure out that they could really be trace it out.

This is why its just right that you wont really be making this as a solid indication about legitimacy specially with Curacao licensed gambling sites.Im not talking about general thing but
this is the most common case or probabilities that could happen and some people do really give out that wrong impression about being legitimate most of the time.