Until 10 years ago, anyone could open an online casino and had the freedom to do so. Many players faced numerous infringements of their rights and deception from the owners of the gambling establishments. But now things have changed fundamentally and visitors to such establishments are bypassing those that are not licensed by the state authorities.
What is a license for?
A license is an important official document on which a lot depends. If a casino owner runs a business legally, you can be sure that:
- The institution adheres to fair business practices,
- The casino owner cares about his reputation. He works for his image. It is hard to earn and easy to lose, so he is unlikely to cheat his customers,
- All of the software is original. This equals the fact that the combinations that fall out depending on the RNG built into the games, not human influence,
- Casinos are regulated at the national level.
From this, you can conclude that before you place a bet at a casino, you should make sure that you are protected against cheating.
How do I know if a casino is fair or fake?
To keep your money, you must be able to tell the difference between an honest online casino and a scam. Conscientious operators publish details of their licenses on their website pages. Even so, take it seriously, as it may be fraudulent. More often than not, “one-off casinos” fake the digital stamp of Curacao Gaming Control. There is a simple explanation for this. This regulator does not resort to helping players in controversial matters, so you should take this situation into your own hands and study the digital seal yourself.
This document must be clickable. After going to the website to verify the Curacao license, you should see the license number, the name and domain name of the playground, and the type of games that players are allowed to play. There are several situations when something goes wrong and we will look at each of them:
- The information about the license is there, but the digital seal itself is not. This is one of the first “wake-up calls” to think about the reality of such a document,
- The regulator’s logo is published on the website. When you click on it, it does not take you to its website and therefore does not show detailed information about the license.
If you encounter one of these situations, contact the casino’s support team and ask for this document. If they refuse to do so under any pretext, run away from this online casino.
Curacao license as one of the best jurisdictions
The choice of online gambling regulators is vast. Among operators, as well as players, there is already a ranking of jurisdictions. By far the most popular for the first category is Curacao. By the most conservative estimate, about 70% of all remote casinos are Curacao Gaming Control, license holders. This is due to such factors as simplicity of its obtaining, minimal taxes, and low cost of the state fees. Many global gambling projects are licensed on Curacao. This confirms the fact that it does not matter where the license was obtained. What matters is the integrity of the business owners themselves.
Other popular gambling licenses
- The UK Gambling Commission is the regulatory body for gambling in Great Britain. The commission is responsible for licensing gambling operators and ensuring that they are run in a fair and safe manner. The Gambling Commission will only grant a license to an operator if it meets certain standards. It must have appropriate systems, controls, and procedures in place to ensure that all of its customers are protected from the risks of gambling. It must also have adequate financial resources to cover any potential losses, as well as effective anti-money laundering procedures.
- The Malta Gaming Authority (MGA) has been established to regulate gaming operators, lotteries, and betting shops. The MGA is responsible for licensing and regulating all online casinos, sportsbooks, and other gambling operators. The MGA will have the power to investigate and prosecute any offenses relating to gaming or gambling. The MGA will also be able to seize assets from those who are found guilty of an offense under the Act or Regulations made under the Act. This new legislation is in line with Malta’s commitment to make Malta a hub for international gaming companies looking for a regulated environment.
- The Gibraltar Gambling Licence is an online gambling license that is given to companies that want to offer gambling services in the country. The license was introduced in 2014 and was designed for companies that wanted to offer their services in the country.
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