Gambling company's responsibility

[alegotardo]

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 business of getting a license is just bureaucracy created to raise money.
At least we know that a site that has a license has a real person behind it who can be held responsible for some damage, but whether that will actually happen is another matter.

A license doesn't give users any security, I trust a good reputation here on the bitcointalk forum a lot more.

[1715421049]

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[24Kt]

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 business of getting a license is just bureaucracy created to raise money.
At least we know that a site that has a license has a real person behind it who can be held responsible for some damage, but whether that will actually happen is another matter.

A license doesn't give users any security, I trust a good reputation here on the bitcointalk forum a lot more.

You have a point on that. Not all licensed casinos here are doing the right thing. Maybe, the gambling license authority will only take action if there is legal suit towards the casino. That's when they will take a look on the site. But if it is just small complaints, they basically ignore them. So yes, better look for reputable casinos in the forum and check their trust summary, rather than look for the license logo. It is just a plus in my opinion as well.

[Welsh]

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.

Both are definitely preferred. Though, I know a lot of people are going to disagree with that due to the KYC element. Most licensed gambling websites are required to take some sort of KYC, since they need to comply with the national laws set out by the government, which is what the gambling commission usually go by.

There's definitely a reason that gambling websites ask for KYC, though you can't always guarantee what they'll do with that information. I think the misconception is, KYC is always bad. Though, I would partly disagree, and say certain services it makes sense, however the issue with KYC isn't the act of requiring certain identification or confirmation of identity, its the amount of information they request from you that's the issue.

The government should be the only ones which have access to much of the information that websites gambling websites require, and instead of giving the information to them directly, the government, and gambling commission should work together, and generate a unique code which is linked with the KYC information that only the government hold. Then, you can be sure that the websites that you use that require KYC, can only verify that you are who you say you are via giving them the unique code. The government then are the only entity that has possession of your sensitive data. Most people are already registered with the government in some sort of way, for example National Health Service, Banks, Electoral Poll, so this wouldn't be a massive invasion of privacy. The problem is at the moment we keep giving our information to these companies, that will use it any way they can, and profit from it.

[Rengga Jati]

Some casinos that have gambling license don't mean that they are always legit and not s ht gambling sites.
And about the monitor from gambling license itself, I ma surethat for the first sign, they will evaluate the platform in order to get license or not. And this will need much money.
But we don't know exactly whether they will always monitor the gambling sites or not always. We know that sometimes,they will probably control the gambling sites, but some gambling sites may be able to do some fake data or otehr ways to maintain their license. except the gambling license got some bad reviews

[Vaskiy]

Everything is business, you pay get the license and they don't care anymore. What these licensing companies does, check for the requirements. If the requirements get fulfilled they provide the platform with the license. This helps the gambling platforms added value and doesn't guarantee the users on trust factors. If something goes wrong you can request help, but these days those aren't really useful. Because, they do have some terms and conditions.

[Welsh]

Everything is business, you pay get the license and they don't care anymore. What these licensing companies does, check for the requirements. If the requirements get fulfilled they provide the platform with the license. This helps the gambling platforms added value and doesn't guarantee the users on trust factors. If something goes wrong you can request help, but these days those aren't really useful. Because, they do have some terms and conditions.

The key part is that it has to be registered to a company, and therefore that company has to be registered to a person. That then allows you to hold that person responsible if anything does go wrong or at the very least have them investigated, and decide it in a court of law.

If licenses weren't a thing then anyone could register a domain name, and scam people without much consequences. I know that's still possible, but at least people do value the idea of being licensed due to having some degree of protection. Its not perfect, but its something that adds a extra layer of security. If you wanted to be assured that a gambling website has been checked, and verified that they are who they say they are then you can do that by checking the register or contacting the gambling commission.

Some casinos that have gambling license don't mean that they are always legit and not s ht gambling sites.
And about the monitor from gambling license itself, I ma surethat for the first sign, they will evaluate the platform in order to get license or not. And this will need much money.
But we don't know exactly whether they will always monitor the gambling sites or not always. We know that sometimes,they will probably control the gambling sites, but some gambling sites may be able to do some fake data or otehr ways to maintain their license. except the gambling license got some bad reviews

Yeah, your right. It doesn't guarantee anything, but it is an additional layer of security. While, it most definitely isn't fool proof it will help in certain instances. Fake data I expect is rare, since I'd hope that the gambling commission would require some sort of government confirmation, i.e checking the person behind it is who they say they're.

Assessment criteria is available online, UK gambling commission has it here: https://www.gamblingcommission.gov.uk/licensees-and-businesses/guide/compliance-assessments

So, they basically check that the website operates as specified. In fact, that website is a great resource for UK based or gambling websites offering a service to UK residents, since it specifies the requirements, and what's expected from your gambling service. I believe the gambling commission is a government run scheme, so they would absolutely verify the identity of people, and businesses offering gambling services.

[Fundamentals Of]

We all know how Curacao gambling license is probably the cheapest and the easiest to obtain. Curacao is not strict when it comes to gambling companies and operators that want to acquire a license. They don't have a high standard. I doubt they even take a careful look at the company's integrity and capacity so I don't think they are that responsible. A Curacao license is definitely not comparable to a UK gambling license or to a Danish gambling license. Many gambling businesses that passed Curacao's standard will definitely fail in the UK and Denmark's standards.

[michellee]

I do not think Curacao is fully monitoring all of the casinos that have been registered with them. Still, Curacao can investigate a casino with a problem if the victim can give a detailed explanation. Suppose the casino still pays the gambling licenses and operate their business. In that case, Curacao will not try to do anything, so if there is a problem within the casino, it is the casino's responsibility.

Maybe Curacao is a regulator for all casinos, but if something happens within the casino, that will be a problem for the casino and not Curacao. Maybe it is a job for every licensed casino using Curacao because they are directly connected with their customers. If something happens to them, it is the casino's job to solve and fix it.

[Boristhecat]

This business of getting a license is just bureaucracy created to raise money.
At least we know that a site that has a license has a real person behind it who can be held responsible for some damage, but whether that will actually happen is another matter.

A license doesn't give users any security, I trust a good reputation here on the bitcointalk forum a lot more.

You are correct about practical considerations. Obtaining a license is more a declaration of good intentions, rather than providing a real mechanism that can influence a dishonest casino. I also first of all trust a casino with a reputation plus using a system of provably fair, but if the casino is licensed, then this is an additional plus for them.

[Lanatsa]

We all know how Curacao gambling license is probably the cheapest and the easiest to obtain. Curacao is not strict when it comes to gambling companies and operators that want to acquire a license. They don't have a high standard. I doubt they even take a careful look at the company's integrity and capacity so I don't think they are that responsible. A Curacao license is definitely not comparable to a UK gambling license or to a Danish gambling license. Many gambling businesses that passed Curacao's standard will definitely fail in the UK and Denmark's standards.

They do have standards of course and they would really vary on each gambling license company and its true that Curacao had the simplest when it comes to standards that's why most people do really

have those kind of impressions that Curacao license is shit and doesn't really have that kind of quality when it comes to licensing and I don't think about those responsibility
but depends or vary because we don't actually able to see on whats their monitoring system when it comes to this and which doesn't shown
in public.

[dothebeats]

Most of those who give license to operate don't care much about the platform after they have successfully passed the initial requirements. It is only before licenses are renewed when they'd start to be strict and whatnot. AFAIK, Curacao license have the simplest requirements and cheapest of fees, hence why gambling operators prefer to use them over any other licensing platform. Moreover, Curacao doesn't really investigate scam sites albeit receiving reports, thus damaging their reputation in the gambling community, making people think twice in playing on platforms with the said license.

[YOSHIE]

Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

license in other words can be said as a form of intellectual property, the meaning is like this.

license can be defined as a separate agreement between the first party and the authorities, it has nothing to do with gambling sites that get a license one day they try to deceive gambling players on certain sites, if the gambling company complies with the applicable laws in the area, they are legitimately issued a license to market their gambling site.

As far as I know the license may not be given or revoked, if certain gambling companies can harm the economy of the area that issued the license, if the loss on the player's part say (cheat) they don't care about it, except: from the player's side reporting to the authority that issued the license, maybe it's a consideration to revoke their license.

What has happened so far, the players who are deceived by gambling sites that have a license, never report their losses to the authorities, that's the problem, the authorities feel they are not harmed, they think it's safe, for that the permit is still running for certain gambling sites.

[johhnyUA]

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?

If we are talking about offshore Curacao company, the answer is - no
Offshore companies doesn't interested what will be with services and business they are giving license. The main income for offshores is from such grey activity.

And UKGC or DGA i think will monitor what will be with those who were licensed by them. Because one company in Great Britain and the second one in EU.

[Fundamentals Of]

We all know how Curacao gambling license is probably the cheapest and the easiest to obtain. Curacao is not strict when it comes to gambling companies and operators that want to acquire a license. They don't have a high standard. I doubt they even take a careful look at the company's integrity and capacity so I don't think they are that responsible. A Curacao license is definitely not comparable to a UK gambling license or to a Danish gambling license. Many gambling businesses that passed Curacao's standard will definitely fail in the UK and Denmark's standards.

They do have standards of course and they would really vary on each gambling license company and its true that Curacao had the simplest when it comes to standards that's why most people do really

have those kind of impressions that Curacao license is shit and doesn't really have that kind of quality when it comes to licensing and I don't think about those responsibility
but depends or vary because we don't actually able to see on whats their monitoring system when it comes to this and which doesn't shown
in public.

What exactly do you mean by the standards vary on each gambling license company? It is not a company that issues gambling licenses in Curacao. It is Curacao itself. The government of Curacao, which is actually under the Kingdom of Netherlands, is the one that regulates gambling registrations, issues licenses, and monitors them afterwards. So all gambling licenses issued in Curacao are issued by one government agency. They all share the same standards.

[Jawhead999]

Different licenses have different responsibility regarding the casino and the player, most of Bitcoin casino using Curacao licenses since it's widely used and very popular. Also don't forget Curacao licenses has many type, so you need to know which type it is (you can found on the bottom pages of the casino). We all know 1xbet is scam casino and there're many complaints if you check on their social media, they're using Curacao E-gaming license which this license doesn't protect their players.

Curacao E-gaming (Cyberluck Curacao N.V. 1668/JAZ) is a master license holder in the Curacao jurisdiction. What does it mean? It means that the Curacao government does not deal with online casinos directly.

Are Curacao E-gaming (N.V. 1668/JAZ) casinos safe? Unfortunately, they are not as a rule of thumb as this regulatory body does not enforce its regulations properly meaning that casino players are not decently protected. Don’t get me wrong though, there are quite a few reliable online casinos on the market with this license, but scam casinos are not rare as well. As a result, it becomes super crucial to carefully check a casino’s reputation before making a deposit.

[ethereumhunter]

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.

I am not sure if those gambling regulators that give licenses to any casinos are monitor every casino. Curacao seems a good place for the casino to get a license since Curacao is not too strict for the casinos to run their business. Even if the casino scam their customers and casino get punishment from Curacao, that casino can still make another license from the other regulator and the same thing will happen. Having a license or not, the scam casino will still scam their customers so it needs more care for the customers to select the casino and not just play on the new or unknown casino, even if they have a license.

[coin-investor]

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.

They can only do action if they filed a complaint in their office but if you just posted it online, even if the complaints are legit it will be ignored, it should be officially filed in their office and hear both parties before they can make a decision, and take action, like any government agency they cannot take an action or render a decision without a formal complaint or request to take action.

[Cling18]

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.

They can only do action if they filed a complaint in their office but if you just posted it online, even if the complaints are legit it will be ignored, it should be officially filed in their office and hear both parties before they can make a decision, and take action, like any government agency they cannot take an action or render a decision without a formal complaint or request to take action.

I certainly agree with this. Most of the complaints are being done online and that's the reason why gambling companies couldn't take any action. I guess it isn't a company's mistake but rather the complainant's shortcoming. Complainants should file a formal complaint accompanied by proof and evidence. Having a license is also a responsibility but it's our prerogative to take action if the gambling company is doing things against our rights.

[DoublerHunter]

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.

They can only do action if they filed a complaint in their office but if you just posted it online, even if the complaints are legit it will be ignored, it should be officially filed in their office and hear both parties before they can make a decision, and take action, like any government agency they cannot take an action or render a decision without a formal complaint or request to take action.

^ This is sad because if you are a complainant and if you are far from a casino licensing company, your complaint will not take action because it's online. I think that is wrong, if you have valid proof and evidence it should be always granted even though if it is online. Gambling regulators are the weakness of the gambling companies to avoid shady actions that could be abused their users but yes, this is not a guarantee that a gambling company will not scam you, they had different loopholes to trick their players.

[BitcoinAccepted]

^ This is sad because if you are a complainant and if you are far from a casino licensing company, your complaint will not take action because it's online. I think that is wrong, if you have valid proof and evidence it should be always granted even though if it is online. Gambling regulators are the weakness of the gambling companies to avoid shady actions that could be abused their users but yes, this is not a guarantee that a gambling company will not scam you, they had different loopholes to trick their players.

This is one of the reasons why I think that improvements should be made when it comes to the regulations and standards of granting license to casinos, but more so on the monitoring of the compliance. As we are now becoming more inclined to online transactions and digital connections, I think that there must be some kind of mandation that covers the eligibility of complaints submitted digitally to push through, after completing the set processes.