Don't trust a casinos without a license

[stadus]

I recently noticed an online casino that looks very likely to turn into a scam. As far as I can tell, they don’t even have a proper license, and there’s no clear TOS like most legit casinos have. It’s basically just trust us and play which some gamblers find convenient, but on the other side, that’s already a red flag for me. Still, no one really criticizes them until something bad actually happens.

And right now, that feels really risky, at the very least, players should be checking a casino’s license before depositing.

A license doesn’t guarantee they won’t scam, but it definitely lowers the risk compared to platforms with zero transparency.

[mv1986]

Everyone knows that taking action against a licensed casino is already a big pain in the ass, but if you want to make sure you have zero chance taking action if you get scammed, play at an unlicensed casino I am not an expert at all, but even different licenses make a difference. I just recently read something it and it all boils down to where that license is actually from. There are places where you get that license for a couple of bucks, but that license literally says nothing. If you really want to be safe, you should know what licenses to watch out for and how to find out whether the casino in question really has the license they claim to have.

[Iroh]

Without a license, there is zero accountability to anyone. If you deposit, play and win, the casino can decide to keep your winnings and there is nothing you can do about it. It's difficult as it is with a licensed casino. Without a clear terms of service, you're literally at the mercy of the casino as they can do whatever they want and face no repercussions as without a license, they're answerable to no authority.
An online casino, having no license as well as a clear terms of service is definitely a red flag and you should trust such an establishment as you would trust a disturbed rattlesnake.

[mirakal]

Sometimes it also depends on the license provider, because if it comes from a weak or poorly regulated authority, scams are still possible. But of course, having a license at least lowers the risk, since there’s usually some kind of paper trail and the casino can’t just get one without submitting real information. So in most cases, they’ll think twice before trying anything shady.

Compared to casinos with anonymous owners, it’s very different. Those guys are not really afraid to scam, because they can just disappear and hide, and authorities will have a hard time tracking them down, especially when the amounts involved are not that big and most gamblers won’t even bother filing a legal complaint.

That’s why, for me, I’m more comfortable gambling on licensed casinos than on unlicensed ones. My exposure feels lower there, even if it’s still not 100% safe.

[_act_]

There are places where you get that license for a couple of bucks, but that license literally says nothing.

For gambling, the license are costly.

Example is the Curacao license which is one of the cheapest for gambling. It can cost from $24000 to $35000. Gambling licenses are very costly and not just few bucks but thousands of dollars.

It is either the gambling site does not have a license or they get one. I have not seen a site with few bucks license before unless it is not a gambling site.

[HelliumZ]

Unlicensed casinos can shut down their websites at any time and take your money away forever. That's why you should never open an account at an unlicensed casino. However, no country wants to license a casino easily, because it requires a lot of money, which is why most of the problems arise with licenses. However, in countries where gambling is legal, there is no problem in licensing casinos, and you can open an account in casinos in those countries, so the risk is much lower.

[BABY SHOES]

Moreover, the casino said “we are taking care of the license and processing” while the casino is already running, how can this be possible when the license is ready then the site is ready too, not the other way around.

For me casinos having a license is important, once many are against KYC for me it doesn't matter... once they don't commit fraud or the site is not offline all is well we trust the casino.

Yeah... I know this is the case with the new casino that is being talked about.

[mcdouglasx]

For obvious reasons, a license can give you a sense of security, but objectively speaking, whether or not it's licensed isn't the most important thing for me. I prefer user feedback over the paperwork, since a casino could have a license and still be a well-organized shell company. User reviews, on the other hand, are a more reliable basis for choosing a casino. We just have to be aware that no system is perfect, so there will always be complaints. But that's where the balance comes in: how frequent are the complaints? Are there more positive reviews than negative ones? Ultimately, for a decentralized casino without KYC, based solely on crypto, to be established, it's very difficult for it to obtain a license. So, is this casino bad for that simple reason?

[Odogwu-Blockchain]

There are places where you get that license for a couple of bucks, but that license literally says nothing.

For gambling, the license are costly.

Example is the Curacao license which is one of the cheapest for gambling. It can cost from $24000 to $35000. Gambling licenses are very costly and not just few bucks but thousands of dollars.

It is either the gambling site does not have a license or they get one. I have not seen a site with few bucks license before unless it is not a gambling site.

What :;
That's too costly, it's fucking very expensive, shit.

Should there be casino who operates without license but delivers winnings and withdrawals?
If all these simple actions like, deposit, wining and withdrawals are easily in place, could there be any reason for licensing.

I don't think there is need for licensing.

[BitMaxz]

Well, most of the gamblers here are looking for non-KYC casinos; usually those unlicensed casinos do not require the KYC that most users are looking for.
Since the casino does not have a license, most people like us here do not trust them, but still, it depends.
Promotions and escrowing a big amount here in the forum would be able to help them to build trust. A long-term campaign plus an escrow amount to trusted members on the forum is a good first approach for a new casino. They can later apply for a license once they become a profitable business, which is one of the other gambling casino strategies before they become fully licensed.

[_act_]

What :;
That's too costly, it's fucking very expensive, shit.

Should there be casino who operates without license but delivers winnings and withdrawals?
If all these simple actions like, deposit, wining and withdrawals are easily in place, could there be any reason for licensing.

I don't think there is need for licensing.

One of the important reason is to let people know scam gambling sites. If a gambling site is not having a license, it can be suspicious that it is a scam site. The chance that a license gambling site is a scam is very little.

Another reason is that they are not just given the license, they will be tested and know that they meet the criteria of the gambling business.

The gambling site owners will make much more than the money from its customers.

[Emeraldo]

I recently noticed an online casino that looks very likely to turn into a scam. As far as I can tell, they don’t even have a proper license, and there’s no clear TOS like most legit casinos have. It’s basically just trust us and play which some gamblers find convenient, but on the other side, that’s already a red flag for me. Still, no one really criticizes them until something bad actually happens.

And right now, that feels really risky, at the very least, players should be checking a casino’s license before depositing.

A license doesn’t guarantee they won’t scam, but it definitely lowers the risk compared to platforms with zero transparency.

For a casino who claims have a current licence and are to be trusted how can you be able to differentiate between an original license from a fake one,  a  casino can actually go about to claim to have a licence meanwhile the license can be fodged or manipulated so or has expired. The guarantee of a casino without a license is in doubt.
Trusting a casino is a risk already and is not a good decision to make at all,

[Potato Chips]

But don't let it provide a false sense of security either.

The reality is, most, if not, all crypto gamba platforms onboard offshore licenses which provide little-to-no help to player complaints, so good luck getting help from them in case you need them—they don't have a powerful regulatory body either.

At the end of the day, reputation is king, especially if you're gonna deposit bigger amounts.

[serjent05]

It is very risky to play at a casino that has no license. They might be using unregulated games where they can easily rig the game.  They can also shutdown anytime abd run with players money.  So we should avoid casinos that have no license in order to keep ourselves from unnecessary experience in the future.

For gambling, the license are costly.

Example is the Curacao license which is one of the cheapest for gambling. It can cost from $24000 to $35000. Gambling licenses are very costly and not just few bucks but thousands of dollars.

It is either the gambling site does not have a license or they get one. I have not seen a site with few bucks license before unless it is not a gambling site.

If a company wanted to establish a casino, it should be able to provide the needed amount to get a license.  Besides, it is the first step to have a legit operation. If they can't provide money for the license, then they do not have the legality to operate.

[Alphakilo]

An unlicensed casino platform is definitely a huge red flag for me too, because anything can happen for real and there won't be a channel to complain or find a fault that holds water.
Such kinds of casinos may be used to launder money in many cases and it is a sure base for scammers unless such a casino is just testing out their site and need a few months to get their license, it should be ignored in total.

[OgNasty]

In the early days it was a Wild West and you had to go with whatever service was there. Now there a licensed and regulated casinos, so there’s really no reason to go with an unlicensed casino. There are plenty of trusted options available now.

[alegotardo]

I recently noticed an online casino that looks very likely to turn into a scam. As far as I can tell, they don’t even have a proper license, and there’s no clear TOS like most legit casinos have. It’s basically just trust us and play which some gamblers find convenient, but on the other side, that’s already a red flag for me. Still, no one really criticizes them until something bad actually happens.

And right now, that feels really risky, at the very least, players should be checking a casino’s license before depositing.

A license doesn’t guarantee they won’t scam, but it definitely lowers the risk compared to platforms with zero transparency.

My opinion??? It depends!
There are many regulatory bodies that issue casino licenses whose sole purpose (it seems to me) is to raise money.
So, in reality, I consider the license to operate a casino website very important, but more important than that is checking if that license was issued by someone who actually oversees their regulated casinos, if they accept complaints and investigate when they receive legitimate and substantiated reports of scams or irregularities.

But even so, none of that replaces a trustworthy casino with a good reputation.

Waving at an unlicensed casino? Only if it is decentralized!

[Hispo]

I mean... One thing is not being formally licensed on any jurisdiction. But a completely different thing is not having any formal Terms of Service for people to read before signing up to any casino or bookie. That is simply just another level of getting a red flag.

In my opinion, it does not matter the kind of service one chooses to use on the internet, if there is no a clear term of service, then one could be at risk without even realizing.

I don't know which casino you are talking about, but I would not be surprised if everything goes south of they do not upload their terms of service and their license before something major happens...

[cryptoaddictchie]

Your concern is very feasible and honestly well placed. A casino operating without a clear license or transparent TOS is already asking players to take all the risk, and history shows that’s usually how problems start. While a license isn’t a magic shield, it at least means there’s accountability, and ignoring that is basically gambling on the casino itself, not just the games. However we are in crypto world. Does it still count? Or we based the reputation on forum degree of feedbacks than license at all?

[crwth]

This could be about people trusting the casino. There shouldn't be any problem if the casino complies with the relevant authorities and licensing requirements. Still, if the casino isn't transparent about this and is shady, it's automatically a red flag.

Maybe checking the license if it's legitimate is a good skill to have if you like gambling so much.

• Checking the regulators database
• Matching the license number
• Is it still valid or expired

Well, since people like to gamble, you might be gambling your money as well with a casino with no license.