What's even the point of licenses anymore?

[davis196]

So what's even the point of a license anymore? Soon there won't be any more obscure island nations left to issue title licenses that mean nothing further than their name. So what's going to be the next stem of casinos? Invent their own licensing authority in an obscure island? Who knows.
But the point is, why are casinos even bothering to pay for the issuance of these licenses when we all know they mean nothing? Might as well just go without a license. Why not?

Are you sure about this? I think that there will always be "obscure island nations" offering cheap gambling licenses.
I partially agree that such gambling licenses are useless, but at the same time, they create a false sense of legitimacy. Most gamblers would choose a licensed casino over a crypto casino, that lacks any license. Maybe having a gambling license has a small positive marketing effect for the casino. I'm not an expert in the judicial side of things, but I think that casinos without a license might face negative consequences in certain countries around the world.

[bitbollo]

There are many reasons most of gambling platform are forced to use and "official" license.
This Is also a reason since they need to operate in certain (Rich) country where without a license they Will Just get limited - even without no access to their website.
This will change? Yes of course. Personally, I see more profitable to have some decentralized platforms (likewise we have seen with Dex).
But this Is not easy at all, since there Is no the same interest like a Dex...

[viljy]

~
But the point is, why are casinos even bothering to pay for the issuance of these licenses when we all know they mean nothing? Might as well just go without a license. Why not?

In such jurisdictions, the only point of licensing is to make money from it. For a casino, it's like some kind of document that gives it the illusion of legality. For a client whose rights have been violated (for example), what legal protection of his interests can such a jurisdiction really provide? That's a big question. A European or U.S. license is a completely different matter. But the licensing price there is also quite different amounts. And that's right - real protection of the client's rights is not cheap. Therefore, casinos licensed in Curacao-like jurisdictions are no more reliable than just anonymous casinos that do not require KYC.

Generally, for any casino, the most important characteristic is reputation, regardless of licensing, anonymity or KYC. And reputation works for the brand, which eventually becomes a value itself.

[sompitonov]

~

It's a bare minimum for people to trust the casino. BARE minimum, at least in my consideration. And it just entails that they did the effort to get one. They're method of how people get withdrawals, issues with them like this and stuff are usually info I get from users themselves instead.

And tbf, a lot of casual players usually don't really need THAT much info anyway. Seeing a casino advertising itself as "licensed" is usually enough for them, hence why it still matters. It's basically how it's not a problem for you, till it's you that's affected kind of thing anyway for stuff like this.

For some players, this will be the reason why they will choose this casino and not another. And the casino, in turn, will try to show it constantly and remind that they have a license, unlike others, and that you need to go play with them. But if I had a choice between a casino with a license and without, I would probably choose the one with a license, because after all, it gives additional guarantees of the fairness of the game and payments. Although, of course, this does not cancel the fact that the casino can be hacked or there will be some errors in the software, etc.

[peter0425]

~

It's a bare minimum for people to trust the casino. BARE minimum, at least in my consideration. And it just entails that they did the effort to get one. They're method of how people get withdrawals, issues with them like this and stuff are usually info I get from users themselves instead.

And tbf, a lot of casual players usually don't really need THAT much info anyway. Seeing a casino advertising itself as "licensed" is usually enough for them, hence why it still matters. It's basically how it's not a problem for you, till it's you that's affected kind of thing anyway for stuff like this.

For some players, this will be the reason why they will choose this casino and not another. And the casino, in turn, will try to show it constantly and remind that they have a license, unlike others, and that you need to go play with them. But if I had a choice between a casino with a license and without, I would probably choose the one with a license, because after all, it gives additional guarantees of the fairness of the game and payments. Although, of course, this does not cancel the fact that the casino can be hacked or there will be some errors in the software, etc.

The casinos being hacked is not directly the fault of the casino. Yes they should have been more secured but being hacked is not intentional. But those casinos who are unlicensed may plan on committing fraud against their customers and the customers would not even be able to go and chase after these casinos because they played at their own risk knowing these casinos are not registered to the government. The government would not have anything on the casino and would take a long time for them to find anyone associated with said casino.

[ultraBTC]

Additionally, it's worth pointing out that at unlicenced sites, anything can happen. Hypothetically, they can host whatever they want on their own servers, not connecting to 3rd party servers from the reputable game providers. From fake slots to: you name it.

[Z390]

Additionally, it's worth pointing out that at unlicenced sites, anything can happen. Hypothetically, they can host whatever they want on their own servers, not connecting to 3rd party servers from the reputable game providers. From fake slots to: you name it.

They can also use the casino as a breeding field, for financing terrorism and also embezzlement of funds, been licensed mean been investigated and passed, it is very important to get licensed.
Without license people won't take the casino serious, because gamblers will feel they can be cheated easily, games providers can be faked too, meaning you will lose more than gambling on a normal casino.
Gambling on a casino that are unlicensed at your own risk, you can easily get scammed or treated very badly, this is why reputable online casinos are the best, there is no need for extra investigations.

[ChiBitCTy]

This is a really interesting write up, I appreciated it.  It's nice to speak about stuff like this and not just "gabling addiction" lol.  I have been to Curaçao before.  I went there when I went on a cruise ship (before I realized how awful they are for the ocean).  It was my least favorite place of all.  Not that it matters, I just found it to be kinda shitty, tbh.   I agree it doesn't make a whole lot of sense from the outside looking in.

[dimonstration]

So what's even the point of a license anymore? Soon there won't be any more obscure island nations left to issue title licenses that mean nothing further than their name. So what's going to be the next stem of casinos? Invent their own licensing authority in an obscure island? Who knows.
But the point is, why are casinos even bothering to pay for the issuance of these licenses when we all know they mean nothing? Might as well just go without a license. Why not?

Actually, there’s nothing changed at all ever since Curacao license becomes popular license for crypto casino. They are still same license provider that has the easiest path to acquire if you have money to pay.

All issues related to casino with their license needs to be addressed in local court since they didn’t handle themselves all issues reported to them due to their very slow procedure.

Their license is just a legal requirements for a casino to operate legally but their function is not that really helpful for players.

[Sandra_hakeem]

But the point is, why are casinos even bothering to pay for the issuance of these licenses when we all know they mean nothing? Might as well just go without a license. Why not?

Because if a casino wants to operate legally in the country where they are based, they would need to acquire a license, otherwise, they could be considered an illegal casino, which could be shut down by their government.

Secondly, the law enforcement in cooperation with the licensing authorities have a legal and suitable conformity on how to tackle fraudulent cases such as the regular ones on the menu -- money laundering!
People's identity and information can remain undisclosed unless being asked for by the government themselves so.
Even with the intervention of the licensing authorities, alot of adjustments are being made on time for whatever unforseen loopholes, how much more without them?

This is a really interesting write up, I appreciated it.  It's nice to speak about stuff like this and not just "gabling addiction" lol. 

You get the point? We've discussed addiction in so many ways that we shouldn't have any more topics left on that .

[Peanutswar]

I guess seems still its a license to operate we know that most of them are prerefered to operate as a legit casino but of course the downside here that anyone now can apply to have a license to operate well its a win win to them if that's the case, its increases their GDP in that's the case because we know that the Casino or related into gambling is one of the biggest contributor of taxes. People now get more engagement with the casino if tons of it will show up to operate actually here in my country they are vulgar with casino in different banners and advertisements.

[TravelMug]

I guess seems still its a license to operate we know that most of them are prerefered to operate as a legit casino but of course the downside here that anyone now can apply to have a license to operate well its a win win to them if that's the case, its increases their GDP in that's the case because we know that the Casino or related into gambling is one of the biggest contributor of taxes. People now get more engagement with the casino if tons of it will show up to operate actually here in my country they are vulgar with casino in different banners and advertisements.

It's for the legality of the casino itself. Every business to be legitimate, it should have at least a license to operate. And this license come from such authority on that field, in this case the old and traditional Curacao license.

Every country has at least one governing body to watch everything like the Nevada Gaming Commission. And with that, it's true for online casinos a well. Someone will have to issue so that they can legally operate a gambling business. So that everything is written, and comply with legal and financial regulations for the protection of the players themselves.

[Julien_Olynpic]

Still, licensing makes sense for gambling establishments. It allows them to protect themselves from attacks from the government and regulators, and it also contributes to greater prestige in the eyes of users. However, I would not expect too much from licenses. The casino actually has many more rights than the user. Here we have a certain asymmetry of rights. The casino can block the player's account, limit his betting maximums, limit the types of sports in terms of sports betting. And we understand that the player can do little about this. In addition. Most players have relatively small bankrolls and they simply do not have time to go to court and prove their case. Whoever first comes up with a truly decentralized casino will be in good stead.

[retreat]

When Curacao changed their rules on issuing casino licenses, it meant that they saw that their licenses were being used more and more and it was time to make a decision to make their licenses more credible and trustworthy, like the licenses held by the UK. I myself don't want to comment too much on this because it is their right to change the rules according to the conditions in the industry, but for me personally having a license is the most basic thing that a casino needs to have to gain the trust of gamblers, so for casinos who want to get a license from Curacao, they have no choice but to obey the rules, or they can choose another country where the license is easier.

[Darker45]

The mere fact that a casino is registered or not is a big deal to many gamblers. While Curacao-registered gambling platforms could still be shady despite the license, to be completely unregistered is almost synonymous to unreliable, or questionable at the very least.

Although I’ve read a number of times that a Curacao license is easy to obtain and as cheap as a coconut, there are probably some platforms who got their license there simply to avoid all the lengthy processes, complicated documents, high fees, strict regulations, and so on that characterize the registration process and actual operation in other countries.

[iv4n]

There's no point in licenses, there never was... There is only a good reputation. I played in casinos that had just opened and didn't have a license at first. It was all good and without any problems.

In general, the licenses that casinos have are not in the spirit of crypto, they serve more the old system and allow the casino to operate legally in accordance with the laws.

But what does a license mean for us players? I have been convinced many times that they mean nothing... when a problem arises, there's a better chance that the problem will be solved with the help of this forum and certain members.

[WeedGoW]

Currently, the information and technology has made everything easier in the era of age. Before, people used to sit in gamblers in the haats market. There were many people playing gambling together. Right from that, now gambling on mobile computers on mobile can be played online. And among online casinos who are more familiar and more secure are more likely to have people’s interest in websites that are more likely to be. So I think if the casino sites have licenses, people will express interest in them and play them. Just where people rush where trust is trusted, a reliable site is extremely useful for users. Here the government must apply to the government to obtain a license of the casinocytes and it must obtain legitimate approval from the government and authorities that can protect websites from legal problems. And licensing businesses are usually forced to meet a specific human criteria through which customers receive protection such as secure products or services. License beard business may be suitable for loans or government assistance at many times if some companies only determine licensed businesses for their loans and support.

[ralle14]

That's why I don't view their licenses as high or rely on them when you can see them in most casinos. Back then, I even went as far as saying that certain casinos without licenses operate better because even the bad casinos had no problems obtaining the same licenses.

There used to be a bunch of good casinos that started without licenses, but they can't stay that way when casinos keep growing and it's to avoid future issues on their end if they can get it right away.

[Beparanf]

There used to be a bunch of good casinos that started without licenses, but they can't stay that way when casinos keep growing and it's to avoid future issues on their end if they can get it right away.

This is not possible anymore since you already mentioned that even bad casino has licensed so it’s already the standard of casino in able to be considered as good.

License is required to operate legally so a casino that operates without it is obviously breaking the law of the country of their customers.

I still consider it as crucial requirements before I even deposit on any casino.

[Smartprofit]

In my opinion, this is a global problem.

In the current 21st century, virtual space has appeared, that is, the Internet, a set of sites, protocols and Internet platforms. At the same time, virtual space has not received its own status, for example, the status of a supranational entity. Internet users have not created a declaration of independence of virtual space (although in fact, virtual space is essentially a transnational entity).

As a result, any Internet platform, in particular, online casinos, according to the logic of those in power, must be associated with a certain country and fully obey its laws. This thesis is highly controversial, but the alternative opinion did not prevail.

This is why online casinos seek to obtain a license issued by a certain state. Even if this is a license of an insignificant island state.