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.

[jhuttozevx]

A licence is useful, just not in the way marketing presents it. MGA, Curaçao and Anjouan are not equal, but all three at least give you an operator and a jurisdiction to look up. DustBit has an Anjouan licence. That doesn’t make it automatically safer than Stake or Cloudbet, but it’s a better starting point than a completely anonymous casino. I’m affiliated with DustBit.

[eisen33]

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.

It seems to me that most people who live in cities are already modern day slaves, because they are required to pay taxes on absolutely everything. They even pay taxes on the food they buy. They have to pay for water, transportation, heating, and everything else. And soon, I think we will be paying for air, everyone who lives in the city. Therefore, this is a form of modern slavery.

[DrBeer]

In theory, licensing is a confirmation that a platform meets the requirements for legally conducting a particular activity-in this case, providing gambling services. I assume that to obtain a license, one must comply with a specific set of rules to ensure financial security and protect users’ rights.
The only question is: Are licenses actually issued this way, or is this simply a process for generating profit by issuing nominal licenses?

[Questat]

In theory, licensing is a confirmation that a platform meets the requirements for legally conducting a particular activity-in this case, providing gambling services. I assume that to obtain a license, one must comply with a specific set of rules to ensure financial security and protect users’ rights.
The only question is: Are licenses actually issued this way, or is this simply a process for generating profit by issuing nominal licenses?

I have my own theory about this. License providers that are less strict with monitoring probably receive more applications because casinos want more freedom in how they operate.

I’m not saying those regulators are doing nothing. It may simply be that they don’t receive many complaints. A lot of people who choose casinos with little or no KYC already know the risks. They are there because they want more privacy and fewer restrictions, so many of them may not bother complaining when something goes wrong.

Serious gamblers are different. If someone is betting hundreds of thousands, I doubt they would choose a small casino only because it doesn’t require KYC. They would probably prefer a well-established and strongly regulated platform, because security and the ability to recover their money matter more than anonymity.

So maybe the market naturally separates itself. Smaller players who value freedom take more risk, while high-stakes gamblers usually choose stronger regulation and better protection.

[YOSHIE]

Might as well just go without a license. Why not?

The state has a government, the state has the rules of the game, gambling is included in industry, business or company, clearly these three discussions will not be separated from profit, The government will not give the profits or money generated by an industry like gambling to its own enjoyment, the government must get a share of it.

So, when money became part of the industry, a Business License/Official Permit was born which applies to everyone who falls into the category of running a business, including gambling as well as business, from the government license to get the assets they want.

It is important to understand that gambling licenses do have legal legality, but they do not apply to visitors and gamblers, they only apply to the gambling industry, the existing regulations are the same, in short the license applies to the gambling industry, regardless of all kinds of problems happen.

[stadus]

It is important to understand that gambling licenses do have legal legality, but they do not apply to visitors and gamblers, they only apply to the gambling industry, the existing regulations are the same, in short the license applies to the gambling industry, regardless of all kinds of problems happen.

I’m not getting your point (sorry). If KYC supposedly does not apply to gamblers, does that mean the casinos just invented those requirements themselves? Because that would be wrong. Most casinos would probably prefer not to require KYC since it can drive away players who value privacy and freedom. But KYC is usually connected to licensing, anti-money-laundering rules, and government regulation, so casinos often have no choice but to implement it.

The timing can vary. Some casinos ask for verification before you can play, while others allow you to deposit and gamble first, then request KYC later during withdrawal or when something triggers a review. But allowing someone to play without KYC at the beginning does not mean the requirement no longer exists.

[Dunamisx]

It seems to me that most people who live in cities are already modern day slaves, because they are required to pay taxes on absolutely everything. They even pay taxes on the food they buy. They have to pay for water, transportation, heating, and everything else. And soon, I think we will be paying for air, everyone who lives in the city. Therefore, this is a form of modern slavery.

Not actually because these people wanted to be controlled or subjected to regulations to the extent, but a city lifestyle is such that is streamlined towards total adherence to government regulations because he will easily tracked if found not in compliance, that is why they  seem to be stupid by the way of being attentive and abiding to government regulations, unlike the way we can easily go away with some in a remote area in some countries.

[xenomorfo]

Might as well just go without a license. Why not?

The state has a government, the state has the rules of the game, gambling is included in industry, business or company, clearly these three discussions will not be separated from profit, The government will not give the profits or money generated by an industry like gambling to its own enjoyment, the government must get a share of it.

So, when money became part of the industry, a Business License/Official Permit was born which applies to everyone who falls into the category of running a business, including gambling as well as business, from the government license to get the assets they want.

It is important to understand that gambling licenses do have legal legality, but they do not apply to visitors and gamblers, they only apply to the gambling industry, the existing regulations are the same, in short the license applies to the gambling industry, regardless of all kinds of problems happen.

obviously, I'll give you the example of the Italian state ok? the Italian state is a monopolist with tobacco and also with gambling
you can't go to another one, if you want to create a game you have to pay money to the state ok?
Does the state discourage gambling when there are problems with gambling addiction? Obviously not.