License: is it a guarantee?

[alani123]

There are certain licenses that are very easy to acquire actually and consequently don't mean all that much when it comes to the platform with the said license following any certain set of rules very strictly.

Of course, some license is better than nothing, as it means that the casino at least would care to spend a little to improve their image. But don't expect guarantees.
This is precisely the reason that if I want to bet a substantial amount I look at a casino's longstanding history and interaction with the community. Frankly these are much more valuable to a good casino operator and they would care much more to maintain their good trust instead of just being ruled by a state authority.

So really for me bitcointalk is one of the best tests, even higher than state casino licenses.

[livingfree]

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.

IMHO, it's like the first step to see that the casino is serious with their business. Acquiring some licenses can be easy or not, as long as they do the initiative then you can put a check on your very first factor.

But that doesn't mean that it should be your sole basis whether they're a scam or not. It is a process that you'll have to check other factors depending on how you determine whether they're good or bad.

Typically, many gamblers look at it as something that makes them comfortable at their first glance. But that's just them and you can have additional factors or more of it to decide to trust them or not.

[Oilacris]

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.

Its never been a guarantee and its not a solid indication that a site wont really be ending up scamming. We do know that there are licenses which are cheap and easy to acquire.
Somehow, if you do see a platform or company which are licensed then it would be normal that you would really be having that kind of impression that it is really legit compared to those who dont have
but we know that there are still some casinos which doesnt have licensed as of this moment but still included into the most trustable sites or platforms that we do have in the market today.
This is why it would be always better that if you do really just that simply stick into those reputable sites rather than on making big deposits into those new ones. If you do like
to test out waters then it would really be your choice because not every new platform are scam, it cant really be just that avoided that people would really be that skeptical.

[AmoreJaz]

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.

Its never been a guarantee and its not a solid indication that a site wont really be ending up scamming. We do know that there are licenses which are cheap and easy to acquire.
Somehow, if you do see a platform or company which are licensed then it would be normal that you would really be having that kind of impression that it is really legit compared to those who dont have
but we know that there are still some casinos which doesnt have licensed as of this moment but still included into the most trustable sites or platforms that we do have in the market today.
This is why it would be always better that if you do really just that simply stick into those reputable sites rather than on making big deposits into those new ones. If you do like
to test out waters then it would really be your choice because not every new platform are scam, it cant really be just that avoided that people would really be that skeptical.

that is true, not ever an assurance that you won't get duped even from licensed casinos. though it is good to play on licensed ones, but much better if they also have good reputation among gamblers. thus, this forum alone can give you better insights which ones are worth your time and money.

do remember that casinos with license can still make some wrongful doings because not all complainants have the capacity to pursue a lawsuit. but what the complainant can do is they can spread negative reviews/feedbacks in forums, blog sites and the likes. however, the site can easily claim that the accusation is not valid for violating some of their terms. so yeah, finding loopholes not to address the situation in the right manner.

[Cryptomultiplier]

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.

A license serves some function that may include making the business legal and suseptible to regulations and regulatory policies.
If any licensed business or casino in this case, goes further to be fraudulent in its dealings with its customers, the customers can sue such a business to court or report them to the regulatory agencies and thus, such casino may have its license revoked or suspended with fines or prison terms.

It is of no guarantee therefore, that a casino with license can't scam its customers because not every employee working for the casino is innocent of such act, even if the management of such casino business means well and is honest enough.

[komisariatku]

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.

No, licensed casinos can still commit fraud. Additionally, in some cases, casino fraud does not apply to all users. Usually they don't pay players who get big wins. Moreover, suing a casino is also a difficult thing so even if we are cheated, we can't do anything except give a negative tag if the casino has an ANN thread on this forum.

To be safer, I prefer to play at casinos that have ANN threads on this forum, because I think it's easier to complain if we have problems at that casino.

[Assface16678]

Nope, it is not 100% certain that the casino, even if it is licenced, will not scam people or do anything bad to its customers, but the licenced casino will still recommend it, as if something happens, the authorities will know who will be punished, and they have no escape from the law as they comply with having a licence to operate.

A licenced casino is like a security for both the casino owner and its customer, so if anything goes wrong, the customer has the right to sue the casino owner, and they have leverage because the customer can retrieve its funds if something wrong happens when it comes to the money of the customer. Unlike in an unlicensed casino, you don't have leverage if something happens, and you are wasting or spending money in an uncertain establishment that could at any time have the risk of scamming their customers.

[Casdinyard]

Way back then, yeah. Gambling licenses held their weight in gold and people certainly had trust in infrastructures and casinos with licenses. Eventually the need of people to gamble overtook their sense of security, and the majority of gamblers in the modern age decided they'd just gamble with whatever casino they happen upon and hope that they don't get scammed when they play there. Of course there are consequences, but when they find out that casinos with licenses do not differ that much against those who don't. They stopped looking for it entirely.

Of course license providers are shaken by this revelation, and since they are a business, they made it a point to make it seem as if getting licenses are still a prestige, but at the same time something that even your local bet shop could earn. From there, we get casinos from god knows where advertising that they get a Curacao license, or whichever they have the guts to show for, while some fraudulent ones fake their licenses to fool people into thinking they are reputable. All in all the lowered standards for claiming a license in the gambling industry caused a massive shift where people aren't so keen to look for it anymore, and even if you do, unless you're working with a tried and tested casino, you still have a chance of happening upon a fraudulent license that would get you fucked over for you money.

[Westinhome]

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.

Licence was not the guarantee for the money,it’s just for the guarantee of the deposited money.Because after the deposit of the money,if your money disappear in the gambling site.You can go for the legal hire for the money loss in the gambling site.But it doesn’t mean of your guarantee win in the gambling site because of the licensing.So the gamblers should take the game as the serious one and learn the game with some good intentions.So that knowledge will help them to make some money using the technique into their game.The gamblers also need to avoid the random betting into the gambling site and the greedy into the winning.

[Quidat]

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.

No, licensed casinos can still commit fraud. Additionally, in some cases, casino fraud does not apply to all users. Usually they don't pay players who get big wins. Moreover, suing a casino is also a difficult thing so even if we are cheated, we can't do anything except give a negative tag if the casino has an ANN thread on this forum.

To be safer, I prefer to play at casinos that have ANN threads on this forum, because I think it's easier to complain if we have problems at that casino.

The main thinking into those people who would be hearing about having license is that its 100% legit. Yes, we cant blame them on which considering that when it comes to regulation aspect
or correlated things then we can really say that they have abided into those rules but just like on everybody is saying that there would really be no assurance that they wont really be scamming users.
We've seen instances that there are licensed platforms turns out to be a scam.It might not be comparable to those who doesnt have license but you shouldnt really be that
confident when it comes to this. Also, if you are really that planning to gamble then making up some research into those reputable ones wont really be that hard.

[Darker45]

Of course, not, especially when a license is obtained from a shady jurisdiction so to speak. Curacao gambling licenses, for example, are easily given away for a certain price. It is cheap and easy to get. That's why many online casinos are going there. It is the easiest way to register an online casino.

But does the government of Curacao really make sure that every single gambling company legally registered in its territory passed a stringent screening? Does the gambling regulatory body conduct regular audits? Does the government make sure that the companies are fully accountable? I don't think so.

If a gambling casino or betting site is registered in strict jurisdictions like the US, for example, it could somehow be a guarantee.

[Yogee]

Yes it's still a means to show that they are a legitimate business but it's not the end all be all for casinos. The most important thing about having a license is that gamblers can seek legal help from these regulators in case the casino wronged their customers. Whether or not the license providers would actually help and intervene is another matter though.

[lombok]

From my personal opinion regarding licensing, I cannot guarantee that the site is free from scams. Maybe the license is based on the game being tested to be fair and suitable for general and legal play. Regarding whether it is a scam or not, this is not a guarantee, because whether it is a scam or not depends on the management.

[kotajikikox]

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.

No it is not, how much is required to avail license to how much they can scam players? if they are going to capitalized the amount of license and take x100 of that amount from scam victims then this is a win win situation right?
never just look about the license because criminals and scammers have dozens of ways to getaway from those events so be aware of that.

[Yatsan]

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

No, it’s not a guarantee.

Take 1xbit.com for example, it is a licensed casino but that did not prevent them from their scammy activities and the same goes for other casinos that have being labeled as a scam in this forum but yet have acquired their license.

One good example. However, being a licensed gambling provider would be better than those which are not. Although there are reputable but unregistered platforms, licensed gambling sites has least chances of turning to a fraud so I will prefer it still if I would be looking for a new gambling site.

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.

No it is not, how much is required to avail license to how much they can scam players? if they are going to capitalized the amount of license and take x100 of that amount from scam victims then this is a win win situation right?
never just look about the license because criminals and scammers have dozens of ways to getaway from those events so be aware of that.

Being licensed is not only on papers, it contains details of the team behind the platform which quite give assurance for us gamblers that it won't run easily from its users. Filing for a license won't cause them that much indeed but for sure gambling sites who are registered would mind the long term development of it as well as potential partnerships. Gambling sites which are popular are also earning decent amount of money which would prohibit them from running their funds off, atleast.

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.

No it is not, how much is required to avail license to how much they can scam players? if they are going to capitalized the amount of license and take x100 of that amount from scam victims then this is a win win situation right?
never just look about the license because criminals and scammers have dozens of ways to getaway from those events so be aware of that.

What if a formal case is filed against them given that they're registered? This is not about gambling industry only but also with other projects and even cryptocurrencies wherein lawsuits are pushing them to comply. Also, if we would find the ratio between registered and unregistered gambling platforms, for sure the numbers won't be close to one another.

[Hispo]

From my personal opinion regarding licensing, I cannot guarantee that the site is free from scams. Maybe the license is based on the game being tested to be fair and suitable for general and legal play. Regarding whether it is a scam or not, this is not a guarantee, because whether it is a scam or not depends on the management.

I think getting a license goes quite beyond of the games which are provided in the casino and whether those are fair for both the casino and the gamblers or not. I am not an expert, but the license also implies the company behind the casino has a physical and registered address in the country where they intend to operate from and also it could have with the securing of having enough bankroll to serve a certain amount of volume. The issuer will be sure the casino has some bank accounts and the address, so the taxing can be done properly and in a shifty way.
The fact a casino would need to have some person responsible of facing the authorities is not a problem for scam and shady sites, if they can either forge documents or some member of their scam is willing to be the face of the casino before disappearing with all the money.

Licenses are not a guarantee, but in an ideal world they would, and any registered/licensed casino could not abuse of their position to dive into shady practices either, without being afraid of the law internationaly.

[Makus]

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.

Can't say for sure cause any thing can happen, even I trusted cex can crash down, so how much more a casino that doesn't hold much from its customers. We already experience some scam games in some casino, no matter how hard you play, you never will experience any win, so it possible. Though the function of a license is to gain reputation and prove to the users of that service that, it can be trusted. But trust have been broken on several occasions and online casino isn't an exception.
I have experience some scam from 1xbet casino. I created an account and made some deposit and when I logged out and try logging in, I couldn't find on account.

[Don Pedro Dinero]

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.

That is the problem. If we were talking about the licences required in many European countries, which are much more expensive and more difficult to obtain, the likelihood of scamming would be considerably reduced.

And on the other hand there are still a few unlicensed casinos out there and they haven't scammed anyone that I know of. In the end, running an honest business is more profitable in most cases than scamming your customers.

[Stable090]

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.

You shouldn’t think a gambling site is real and they will never scam you just because they have a licence. When scammers are trying to scam, they do everything possible to make people think they are so that they will be able to earn people’s trust, but at the end, they end up defrauding people, so most gambling sites will always have a licence, so don’t trust a gambling site because of a license. And some gambling sites might not have the intention of defrauding people right from the beginning, but when they start operating and maybe things don’t go as planned,  they will end up defrauding people before leaving the space.

[Hirose UK]

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

A license does not provide guarantee that casino will not commit fraud in the future but at least if the casino has license it is clear that they already have permission to operate in this gambling industry and of course it provides series of confidence that the licensed casino will definitely prioritize their development.
In contrast to casinos that do not have license, it is more likely for fraud to occur because every casino that is truly well developed and has long term existence must have operated under the license from the start.

For example, you can see that all the big casinos that have developed well and have high reputation and trust definitely have an official license.

For new casinos, perhaps license cannot be used as benchmark that they will develop well and can be relied on.
But my advice is to always be careful with new casinos even though they already have license and prioritize getting reputable casino that is clearly large and well developed to become favorite place.
That way, the possibility of fraud can be minimized.