What's even the point of licenses anymore?

[LUCKMCFLY]

We should be very smart when making a choice about what casino to use and which one not to use.

You can get it with reviews from reliable players, from players who don't sell out for any reason. There are many of them here on the forum. In particular, there are some guys from DT who really like the games and try out the casinos with a lot of money, They explore everything and can give good reviews It's something like spreading the word with what you have in experience, Sometimes that helps a lot.

[nazirmehrab]

The straight-cut answer, to avoid future obstacles due to government interference or non-compliance with the regulations.

[Oluwa-btc]

Makes sense that getting an official license inspires more confidence and trust.  Sure, we could debate whether the bureaucracy matters much, but for most gamblers, seeing that stamp of approval suggests the place aims to follow industry rules and isnt just some fly-by-night scam. 

Me personally I would rather play it safe and stick to certified sites, even if their regulations seem like useless red tape.  It aint worth the risk messing around with unlicensed ones when there is plenty of trustworthy, transparent operators out there.  but I get why some folks dont care either way.

Despite it's issued by a governing body, Licenses are permissionless and without any form of authorizations.Their official assignment remains to maintain safety standards in gambling.So far, licensed casinos have been able to see that they offer legitimate trust and credibility in gambling.

[harapan]

The point of licenses is very crucial no doubt especially to things regarding one's privacy, and this is because no one would want to get involved with something that's not secured and doesn't have government licensed decree on that sites or platform. It gives a confidential access to the casinos so licenses are important and needed.. take for instance you registered under something that's not licensed and you must have invested a lot of money in it but as the government discovers they end up closing it down. It'll be so frustrating so there's so much  to licenses.

[Hispo]

We should be very smart when making a choice about what casino to use and which one not to use.

You can get it with reviews from reliable players, from players who don't sell out for any reason. There are many of them here on the forum. In particular, there are some guys from DT who really like the games and try out the casinos with a lot of money, They explore everything and can give good reviews It's something like spreading the word with what you have in experience, Sometimes that helps a lot.

At this point of the industry where there are so much shilling and gamblers who talk about casinos which promote them, it is better just to come to communities like this one, where one will find authentic gamblers who do not have any reason to give any distorted opinion of reality, regarding such services.
Unfortunately, there are more people in regular and mainstream social media where novice gamblers or newbies can be misguided by so-called influencers who dont have any idea of the quality of the services they advertise.

It sounds as common sense one should advertise goods and services one would willingly acquire as a costumer, but it seems common sense is getting more and more rarer as times passes on within the realm of social media.

[LUCKMCFLY]

there are more people in regular and mainstream social media where novice gamblers or newbies can be misguided by so-called influencers who dont have any idea of the quality of the services they advertise.

You are absolutely right, sometimes Influencers are so deceptive that they are even capable of playing with the Emotions of already experienced players, because contests and bonuses make them often decide to take them and the results they sometimes show are exciting ,For me, the Greatest care that must be taken is with our money and as you say here in the Forum we have read Advice and experiences that are very Useful.

[CryptSafe]

Licensing ought to play a significant role for the government because it helps them keep organisations under check and also to be able to get their tax from them when due.  I believe the reasons for such development is as a result of what has been happening in the online casino space, for which some casinos abscond with players' and investors' funds. Maybe with this new development, organisations would be held accountable if anything goes wrong and it was a good move taking it down to the local level were the court can intervene and do justice to any casino that messes up and also instructing them to have an office in the jursidiction would help much better so they could be apprehended by the government for any complaint filled against the casino.

[Dunamisx]

Licensing does not do the gambler any benefits because it creates a privacy vulnerability to them when a casino is found with all these, as they tend to be regulated under government terms and conditions in operating their casino, and this can place the gambler on the verge of losing any information they had about them to the casinos, aside from the fact that they pay for tax.

[purple_sparkles]

Licensing does not do the gambler any benefits because it creates a privacy vulnerability to them when a casino is found with all these, as they tend to be regulated under government terms and conditions in operating their casino, and this can place the gambler on the verge of losing any information they had about them to the casinos, aside from the fact that they pay for tax.

Any justification, whether it’s licensing or some other kind of security guarantee, does not eliminate the need for personal caution. I really dislike KYC because I see risks in it. I don’t trust my personal data to such systems. There have been so many cases of servers being hacked and what guarantees can there be then, absolutely none. No license can give me a real sense of security when it comes to sharing my personal data.

[tvplus006]

Licensing does not do the gambler any benefits because it creates a privacy vulnerability to them when a casino is found with all these, as they tend to be regulated under government terms and conditions in operating their casino, and this can place the gambler on the verge of losing any information they had about them to the casinos, aside from the fact that they pay for tax.

If a casino has a license, it means that it has a supervisory authority, and if the conditions are not met, you can file a complaint. And the most important thing is that such casinos are required to conduct audits and use certified RNG. But using unlicensed casinos increases your risk of losing your money, and even if you are lucky and win, it does not mean that you will be given your winnings.

[nimogsm]

Licensing does not do the gambler any benefits because it creates a privacy vulnerability to them when a casino is found with all these, as they tend to be regulated under government terms and conditions in operating their casino, and this can place the gambler on the verge of losing any information they had about them to the casinos, aside from the fact that they pay for tax.

I think that's the main idea. It makes it easier to find the end player if you need to dig up their winnings or deposit history. For their part, the casino simply insures itself when the player is verified and can play in that country's jurisdiction, and if necessary, they will seamlessly hand over your data upon request to the authorities if they need it.

[uneng]

Licensing does not do the gambler any benefits because it creates a privacy vulnerability to them when a casino is found with all these, as they tend to be regulated under government terms and conditions in operating their casino, and this can place the gambler on the verge of losing any information they had about them to the casinos, aside from the fact that they pay for tax.

I think that's the main idea. It makes it easier to find the end player if you need to dig up their winnings or deposit history. For their part, the casino simply insures itself when the player is verified and can play in that country's jurisdiction, and if necessary, they will seamlessly hand over your data upon request to the authorities if they need it.

It means more centralization and overcontrol by governments, as always. They claim to be concerned about money laundering, but they don't care about the fact the islands where such licenses are acquired can be a laundry itself... After all, it's just an excuse to watch how much citizens are transacting across the internet, so the government can conclude if they could impose further taxes over the citizens.

Any surplus money citizens are transacting is immediately identified as an opportunity to raise government's income. If you don't pay attention to it and if you don't find a way out of this system, there are serious risks of becoming a modern slave.