What's even the point of licenses anymore?

[stompix]

Yes, there are some licenses that make sense. You can see from the above examples that these casinos operate in several countries legally due to having purchased and complied with their own licenses. But take Curacao as an example, not even their own country accepts the license for play from their citizens. How crazy is that.

And that's why such licenses are worth nothing.
But at the same time, you can't deny that licenses in normal countries are also useless, plenty of users have managed to sue and win lawsuits against casinos that lawfully operated in said countries, and checking those licenses would be a no brainer for everyone.

Would you buy food that is vetted by the Haiti or Sudan food association, or would you rather go with something imported from the EU?
I'm pretty sure every country has some sort of building codes, but which one would you trust your life to during an earthquake?
It's the same with licenses here.

[Findingnemo]

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?

It is only because now customers prefer the casinos that are licensed over the unregulated because they feel it gives some kind of assurance for their funds and the fair operation in the platform. But if a country that doesn't have much opportunity to generate should not push too hard on the existing ones because there's always someone waiting to grab all the deals. Costa Rica can be a potential? NOt sure though but I just read there is no tax like other countries but only the corporate taxes on profits.

[tvplus006]

...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?

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

[ultraBTC]

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

With the latest 2024 license update, Curacao is not the cheapest & easiest to get. Currently, for example,  Anjouan licence is cheaper.

[taufik123]

...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?

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

Now in general many gambling companies have a Curacao license, thus gambling becomes legal and safer.
But many gamblers claim that they have such a license by only including images without the original link from Curacao.

It is necessary to do some licensing checks whether it is verified or not,
as license forgery often occurs to trick the players into being interested in getting into illegal casinos.

[Dump3er]

Curacao used to be the main gambling license online casinos used to operate under. Their licensing structure was very shady. They had licensed 4 main title holders long ago and in turn these were issuing sub-licensed to anyone for very cheap.

Fast forward to more recent years, Curacao tries to overhaul their entire licensing process. Now entities who want a Curacao license must open a corporation there and apply for a much more expensive license that will be issued directly under the local state authorities.

Sounds much better than before as the path to seek liability would be much more direct. But there are several practical issues here. For instance, although Curacao's new licensing scheme is in full effect now, there's still no alternative resolution path that casinos under this licensing scheme have to follow. If anyone wants to go after them to find justice, the only way is local courts.

However, it has become apparent that even with these changes, online casinos will simply chainge their credentials and license, to start operating under a Comoros license to avoid judgments against them.

I can share a couple of very characteristic examples that involve casinos we're all familiar with:
1. https://igamingbusiness.com/legal-compliance/bc-game-curacao-bankruptcy/
2. https://bitcointalk.org/index.php?topic=5534261.0


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?

I suppose that if you stick to a casino that has obtained a license from the country's government where you live, legal possibilities to pursue your rights in case arbitration is needed are probably the best. If it is a big casino that has made a name for itself, you pay not too much attention to their license I suppose, but basically you are right about licenses being more or less useless from the perspective of the player.

I didn't run into any trouble yet, but I think it is mainly because I haven't touched shady casinos or casinos where I wouldn't have any chance of recourse here in the forum with one of the reliable members representing those casinos. But I know that going after a company that is registered on an obscure Island is a lost fight under most circumstances. If you are very well connected to put them under mounting pressure, it might be ok, but most gamblers aren't in that position.

[LUCKMCFLY]

Well, my opinion is somewhat direct and may clash with that of many, but for me, a licensed casino is not an indication that it is 100% free of scams. There are casinos that are up to date with all the licenses and they are still there, so for me that does not make sense. And when they launch a casino without licenses, everyone jumps in saying that it is not a reliable casino because it does not have licenses. This is something that does not make sense to me. Everyone contradicts themselves. For me, licenses imply problems, from No VPN to KYC.

[Bushdark]

Well, my opinion is somewhat direct and may clash with that of many, but for me, a licensed casino is not an indication that it is 100% free of scams. There are casinos that are up to date with all the licenses and they are still there, so for me that does not make sense. And when they launch a casino without licenses, everyone jumps in saying that it is not a reliable casino because it does not have licenses. This is something that does not make sense to me. Everyone contradicts themselves. For me, licenses imply problems, from No VPN to KYC.

I think that is the mistake many make and still come back to the forum to complain of scam because they'll want to gamble on a licensed casinos. Sometimes getting a license can be very difficult especially for a new casino which many gamblers see as unseriousness with the attempt to steal gamblers funds. I know there are so many casinos also that are not licensed and also have the ability to steal gamblers funds. We should be very smart when making a choice about what casino to use and which one not to use.

[AmoreJaz]

Well, my opinion is somewhat direct and may clash with that of many, but for me, a licensed casino is not an indication that it is 100% free of scams. There are casinos that are up to date with all the licenses and they are still there, so for me that does not make sense. And when they launch a casino without licenses, everyone jumps in saying that it is not a reliable casino because it does not have licenses. This is something that does not make sense to me. Everyone contradicts themselves. For me, licenses imply problems, from No VPN to KYC.

I think that is the mistake many make and still come back to the forum to complain of scam because they'll want to gamble on a licensed casinos. Sometimes getting a license can be very difficult especially for a new casino which many gamblers see as unseriousness with the attempt to steal gamblers funds. I know there are so many casinos also that are not licensed and also have the ability to steal gamblers funds. We should be very smart when making a choice about what casino to use and which one not to use.

Aside from the license, you can also check the trust summary of the casino's rep here. That is, if you are a member of the forum. We are fortunate being a member here because I believe we have advantage in determining the their credibility. For one, if you know the gambling thread discussions, you can already gain insights on which gambling sites have issues to their players. Of course, you will choose a casino which doesn't have any issues, whether in withdrawal, provable fairness or other concerns.

[r_victory]

Depending on the country, the lack of a license means that the casino cannot operate in its territory. In addition to the possibility of facing inspections, and often even lawsuits, who knows? If with everything that the law requires, it can already cause problems, think about what it would be like to do it the wrong way, against the “law”?

[KTChampions]

...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?

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

Yes, it sounds logical. But I wonder if any of the players pay attention to these "ritual" actions? For me, a license from Curacao sounds like a license from the moon or even further, since there is practically no way for me and Curacao to come into contact if a problem arises between me and the casino and a regulator is needed. It seems to me that everyone relies on reputation, and everything else is nothing more than ritual actions.

[tvplus006]

...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?

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

Yes, it sounds logical. But I wonder if any of the players pay attention to these "ritual" actions? For me, a license from Curacao sounds like a license from the moon or even further, since there is practically no way for me and Curacao to come into contact if a problem arises between me and the casino and a regulator is needed. It seems to me that everyone relies on reputation, and everything else is nothing more than ritual actions.

I can assume that after filing a complaint in Curacao, you will not receive any real help if it is a small amount, the so-called regulator will not be on the side of the player, but on the side of the casino. If the subject of the dispute is a large sum, then there will be no chance to return it without the help of lawyers.

[Dump3er]

...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?

Casinos, by obtaining licenses, become legal and, accordingly, gain more trust from the players. And the easiest and cheapest way to do this is a Curacao license, especially since it does not provide for the payment of taxes.

Yes, it sounds logical. But I wonder if any of the players pay attention to these "ritual" actions? For me, a license from Curacao sounds like a license from the moon or even further, since there is practically no way for me and Curacao to come into contact if a problem arises between me and the casino and a regulator is needed. It seems to me that everyone relies on reputation, and everything else is nothing more than ritual actions.

I can assume that after filing a complaint in Curacao, you will not receive any real help if it is a small amount, the so-called regulator will not be on the side of the player, but on the side of the casino. If the subject of the dispute is a large sum, then there will be no chance to return it without the help of lawyers.

That is why these casinos are well protected in Curacao because once Curacao begins to prioritize players' interests, they would in effect undermine their own business model. The incentive is clearly directed towards supporting the casinos whenever they can and whenever the case is clear or shady enough to leave the player hanging.

Yes if the amount is small, nothing will happen and if the amount is large, still nothing will happen, but it might be worth it then to get lawyers take care of the issue.

[|MINER|]

I can assume that after filing a complaint in Curacao, you will not receive any real help if it is a small amount, the so-called regulator will not be on the side of the player, but on the side of the casino. If the subject of the dispute is a large sum, then there will be no chance to return it without the help of lawyers.

And not everyone will be interested in hiring a lawyer if the funds are small, so they will be out of our reach. And what we ordinary people can do is go to this kind of crypto community and just create scam accusations against them so I don't think they will suffer any major damage.
We have seen before how many scam accusations there were on the forum about 1xbit, yet they continue to promote their activities with big celebrities.
I am just wondering what our alternative is if the license providers are not responsible or have lower transparency within them.

[Synchronice]

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?

In order to create a crypto casino, you need a team, right? How do you plan to rent an office and employee people in a company that calls themselves a casino and doesn't own a license? Will any government let you to run your business inside their country without having a license? Unlicensed casino means lots of legal issues, for both, you and the customer. Governments hunt unlicensed services. No normal country will let you to run an unlicensed casino. Your only chances will be in countries where you can bribe locals but even in that case, believe it or not, lots of customers still value any kind of license and since Curacao and Costa Rica license is the most widespread in crypto world, people gamble on casinos that have Curacao or Costa Rica license and any unlicensed casino will suffer to attract customers.

[Cookdata]

I think that is the mistake many make and still come back to the forum to complain of scam because they'll want to gamble on a licensed casinos. Sometimes getting a license can be very difficult especially for a new casino which many gamblers see as unseriousness with the attempt to steal gamblers funds. I know there are so many casinos also that are not licensed and also have the ability to steal gamblers funds. We should be very smart when making a choice about what casino to use and which one not to use.

It's not the difficulty that is making some casino not to get license, the amount needed to get a license from some particular region can make some casino goes broke and what's the point of getting a license from every region when their users don't even use the platform often, it will be  a waste of investment and that's why many of them take their time before they apply to be  license, they operate illegally until they becomes legal if there is customers that can cover their license.

The competition in casino business is making it hard for new casino to want to get license. There is no country that allows gambling that doesn't have already established casino, some can be a national recognize casino or very popular. If you don't have enough funds for marketing, bonus and adverts even if you buy 2x the amount of license you stand low chance of making back that money back as a casino, this is one of the reason casinos don't want to get license.

[Lanatsa]

I think that is the mistake many make and still come back to the forum to complain of scam because they'll want to gamble on a licensed casinos. Sometimes getting a license can be very difficult especially for a new casino which many gamblers see as unseriousness with the attempt to steal gamblers funds. I know there are so many casinos also that are not licensed and also have the ability to steal gamblers funds. We should be very smart when making a choice about what casino to use and which one not to use.

It's not the difficulty that is making some casino not to get license, the amount needed to get a license from some particular region can make some casino goes broke and what's the point of getting a license from every region when their users don't even use the platform often, it will be  a waste of investment and that's why many of them take their time before they apply to be  license, they operate illegally until they becomes legal if there is customers that can cover their license.

The competition in casino business is making it hard for new casino to want to get license. There is no country that allows gambling that doesn't have already established casino, some can be a national recognize casino or very popular. If you don't have enough funds for marketing, bonus and adverts even if you buy 2x the amount of license you stand low chance of making back that money back as a casino, this is one of the reason casinos don't want to get license.

I dont believe that much that they are that minding about the fees or licensing cost because once you do made out a gambling business online then its hard to believe that you wont be having any budget.
Take for example with that common Curacao license.




Considering into those amount then its considerable amount but speaking about that you do able to make out such platform then it is
hard to believe that you wont be having that budget at least. People nowadays are indeed looking for licenses specially when they are seeing some
new platforms. For legal aspect and security then its true on what most people been saying on here is that this isnt a main indication about in talks about legitimacy.

[Slow death]

Depending on the country, the lack of a license means that the casino cannot operate in its territory. In addition to the possibility of facing inspections, and often even lawsuits, who knows? If with everything that the law requires, it can already cause problems, think about what it would be like to do it the wrong way, against the “law”?

In all countries where gambling is permitted, the governments of those countries issue their own licenses and their own rules. For example, in the case of my country, the government requires that casinos that want to operate in my country using my country's currency as a payment method must have a license and physical offices.

However, the government of my country does not require this for casinos that are operating without using my country's currency. However, in other governments, they require that all casinos, without exceptions, if they want to operate in that country, must have a license from that country and not a license from Curacao.

[Sonia_123]

No matter what, as a business owner it is very important to have license, for that is what gives you the wright of operation in a country if not your business will be termed illegal and you will have to face the law because you are making money from that business and your taxes are needed by the country, therefore whatever the case may be, your license gives you the legal wright in the country to run your business smoothly .

Casinos are being license for the security of their businesses and for the safety of their players and that is one of the major reason why you should play on a reputable sites that possess the EU license.

Online casinos can't function if they are not registered and licensed legally.
License also helps to avoid hackers, money laundering,other online fraudsters and keep crimes out of gambling also protecting vulnerable activities by any individuals are protected when a casino is being licensed.

[gunhell16]

When we say casinos that have licenses, it means that these are gambling establishments that have legality from the government where they can operate their business gambling casino,
right? Now if there are legal casinos, there are also illegal casinos but of course they will still say that they are legal.

Here in our country, there are many casinos that operate illegally but they still hire influencers who have many followers, and they still pay them, that's how illegal casino owners gamble
online in this era., so when they do something stupid, their players have no recourse on their casino platform.