License: is it a guarantee?

[Findingnemo]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

It's just permission to operate and nothing else, there are many types of licenses available and and each one cast varies from 50K to 500K if I am not wrong.

Regulated casinos can still scam you selectively and let your to hand dry and the only way is to proceed which requires a ton of money and a lot of years from you to prove them and even with all that there is no guarantee that you can prove they scammed you.

[1715495095]

1715495095

[1715495095]

1715495095

[1715495095]

1715495095

[tjtonmoy]

I think license is something that gives you the rights to operate your business. I think without the license you will not have the permission to continue your business.

For physical business yes especially a big business, but online business no. Some casinos online don't have license but can still operate this statement is already wrong.

Simply put, an online gambling license is a legal document conferring the right onto a company to operate a gambling business in a given territory. Just as land-based casinos must be regulated, so do their online counterparts.

In order for an operator to offer games of chance, such as video slots, table games, or sports betting, legally, they must have a license that covers the territories they want to offer the games.

A little bit of Google search give me this answer. I don't know how to is this or they are simply trying to sell their services saying that it is needed in order to operate certain games in a given territory. They're also saying that it is required for an online casino platform to have a license in order to have rights over some games. I don't know how to that is but I have already said what I knew. This is just a Google search result.
[Source]

[qwertyup23]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

The answer is: NO; having a license does not guarantee that the online gambling website is safe and secured.

Before delving forward, let us first discuss the benefits of securing a gambling license in a casino, to wit:

• Legal compliance with other countries;
• Protection and fair play from the online establishment;
• Serves as a symbol of trust and legitimacy; and
• Can be used as a ticket for markets in some countries.¹

Obviously, a gambling license is required with some countries in order to comply with their rules and regulations. Additionally, there are also countries that require a license in order for the international business to be permitted to use their services in their country. If an online gambling website fails to meet these criteria and standards, then a license would not be issued, thereby making their services questionable in the market.

While this may be true, still, having a license does not guarantee player protection and safety against their potential scams. It just means that they were able to comply with some formalities required by law as they are under surveillance but they can still "technically" scam people.


1 https://crustlab.com/blog/how-to-secure-a-gaming-license/

[Wakate]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

It's just permission to operate and nothing else, there are many types of licenses available and and each one cast varies from 50K to 500K if I am not wrong.

Regulated casinos can still scam you selectively and let your to hand dry and the only way is to proceed which requires a ton of money and a lot of years from you to prove them and even with all that there is no guarantee that you can prove they scammed you.

I don't see any big thing with casino getting license because most would go for the licensing that would not affect them even when they scammed people of their funds. The are licensing companies that would never penalize a casino for cheating rather they would want more casinos to take license from them so that they can make more money and have more clients. Casinos are looking for companies that would not penalized them for not meeting up or doing something wrong. We don't need to be deceive by different casinos claiming that they are licensed by reputable licensing companies attracting more gamblers to use their casino.

[Lanatsa]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

It's just permission to operate and nothing else, there are many types of licenses available and and each one cast varies from 50K to 500K if I am not wrong.

Regulated casinos can still scam you selectively and let your to hand dry and the only way is to proceed which requires a ton of money and a lot of years from you to prove them and even with all that there is no guarantee that you can prove they scammed you.

I don't see any big thing with casino getting license because most would go for the licensing that would not affect them even when they scammed people of their funds. The are licensing companies that would never penalize a casino for cheating rather they would want more casinos to take license from them so that they can make more money and have more clients. Casinos are looking for companies that would not penalized them for not meeting up or doing something wrong. We don't need to be deceive by different casinos claiming that they are licensed by reputable licensing companies attracting more gamblers to use their casino.

We do know that getting gambling licenses could neither be cheap or expensive/ tough requirements and easy ones. This is why for those companies or platforms who are really that tending to scam out their users
in the first place or first hand then it would really be that normal that they would really be going into those things which are the cheapest. We do know that people or the market would really be having that kind of impression on the time that they would be seeing that they are dealing a platform which does have license on which it is actually make you think that you are dealing with a legitimate site or platform
which it is really not.
Having a license isnt a solid indicative sign when it comes about being legitimate or not but it is really just that better on having rather on having none but just like been said that its not only the criteria
for us to tell that they are 100% legit because we've seen in the past that there are even licensed platforms which tends out or ending up on being a scam on which running away their users funds
and cant be found out. The only things that make you that confident because once they are licensed then theres a possibility of recovery comparing into those platforms
which doesnt really have any at all. So you could really be able to make out such comparison in between.

[chaser15]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

With a license, it makes a casino an official business. We only want to deal with an official business especially in gambling. It might not guarantee that these sites will not be turned into scams but at least, they want their business more professional and transparent. Licenses are not given to any sites if one of the factors is not met. Successfully having a license means that the site passes all the required credentials to run its operation legitimately.

But I think there's also a fraud-related activity here. Sometimes, even if the site doesn't meet the requirements of being a good gambling site, there might be an under-the-table negotiation to have that site be granted a license. Just my speculation and I can't support that statement.

[Heartilly]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

Whether we question what license is all about, I'm sure you don't want to play in a casino that is not licensed right?

If that casino can't afford to spend time having a license, what can you expect on their overall service? If the site doesn't even have a responsible act to acquire a license to make their site good in our eyes then definitely these sites might just do some scam attempt later on. It's not a guarantee that a licensed site will turned into scam later on but it's way better to use licensed ones over unlicensed ones.

[Dump3er]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

With a license, it makes a casino an official business. We only want to deal with an official business especially in gambling. It might not guarantee that these sites will not be turned into scams but at least, they want their business more professional and transparent. Licenses are not given to any sites if one of the factors is not met. Successfully having a license means that the site passes all the required credentials to run its operation legitimately.

But I think there's also a fraud-related activity here. Sometimes, even if the site doesn't meet the requirements of being a good gambling site, there might be an under-the-table negotiation to have that site be granted a license. Just my speculation and I can't support that statement.

There exist licenses for everything in the world and the only reason they exist is to legitimize products and services that otherwise would not be taken as seriously. Granting licenses is a business in and of itself. You are well advised to not only look for a license, but thoroughly check whether that license means anything. It could be granted by a business that is shady itself, but with proper naming and a nice website you might think the license is worth something. In many cases it is not. In almost all industries there are licenses or seals of quality that really mean nothing. Don't get distracted by some fancy stamp on a product or some fany wording and a letter-number code on a website. Go with history, reputation and publicly shared user experience that does not look like it was faked.

[Kemarit]

As others have said, it's not a guarantee, and I can say that it's not that expensive to get a Curacao License to start your online gambling site.

Never thought that licenses are so cheap. Really, with millions in turnover, taking 10-20k is just unnoticeable. 10-20k - and these are expenses if a person wants to start all from the scratch. I am sure that there are already pre-made or out-of-the-box solutions. Or previously created, ready to go businesses. Turns out that license does not give any guarantees at all. I can compare it with cooper membership here. Projects buy it to look more reliable, yet can easily turn scam.

Yes, that's true it's so cheap that this gambling sites can really afford it and for them this is just a chump's change. Although there's also the Malta Gaming license, which is more expensive, but still it's affordable for this kind of big business.

And as we all agree upon, they can take advantage of it and just play along in the beginning for being a trusted casino and rake millions in the next couple of months and then turn rogue later because they have gotten their ROI from the initial cost of putting their online gambling sites. Not saying that everyone of them is a scam, but maybe 1 out of 10 or 20 sites, becoming a scam and then rebranding later, rinse and repeat.

[Quidat]

As others have said, it's not a guarantee, and I can say that it's not that expensive to get a Curacao License to start your online gambling site.

Never thought that licenses are so cheap. Really, with millions in turnover, taking 10-20k is just unnoticeable. 10-20k - and these are expenses if a person wants to start all from the scratch. I am sure that there are already pre-made or out-of-the-box solutions. Or previously created, ready to go businesses. Turns out that license does not give any guarantees at all. I can compare it with cooper membership here. Projects buy it to look more reliable, yet can easily turn scam.

Yes, that's true it's so cheap that this gambling sites can really afford it and for them this is just a chump's change. Although there's also the Malta Gaming license, which is more expensive, but still it's affordable for this kind of big business.

And as we all agree upon, they can take advantage of it and just play along in the beginning for being a trusted casino and rake millions in the next couple of months and then turn rogue later because they have gotten their ROI from the initial cost of putting their online gambling sites. Not saying that everyone of them is a scam, but maybe 1 out of 10 or 20 sites, becoming a scam and then rebranding later, rinse and repeat.

They would really be doing just like that on which it is really that they would be running for a couple of months and trying out to accumulate millions of funds before they would turn out to be a rug.
This is something that gamblers should really be careful about but since there's no way on telling about being a potential scam specially if things do looks to be real.From having a license from
good looking website. Then whom had thought that it would that become a scam site in the end? There's no way on telling on such thing and this is why it would really be that wise that we should
really be that skeptical whenever on dealing on things which we do know that it can possibly turn out to be scam later on.

[pawanjain]

Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any  casino without a license, which I think is a cautious thing to do.

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

Guarantee ? No !

There's no guarantee for anything to happen. If a casino site has a license, it does gain some trust but does not mean it cannot scam the users.
May be the probabilities might be on the lesser side since they have declared their identity and location etc...