The first rule for any online gambler is to choose a casino with a license. But what exactly does it guarantee? Are unlicensed websites fraudulent by definition? Find out in our guide.
As a gambler, you should check that the platform you use is legit and reliable. For example, if you have access to a website, it does not guarantee that it accepts players from your country. In some regions, casinos that are licensed locally may only provide services to users abroad. Check user feedback and professional reviews to make sure the operator delivers on its promises.
Different Types of Casino Licenses
The best licenses for digital casinos are those that authorize them to work in multiple markets. This lets the owners market products to a broader demographic and maximize revenue. The licenses issued by monitoring organizations in the UK (the United Kingdom Gambling Commission), Malta (the Malta Gaming Authority), and Curacao, allow international operations. Such casinos offer the best protection available.
Websites offering extra services, such as sports betting, remote gaming or interactive games, need to obtain separate licenses for them. Malta is one of the jurisdictions where business owners can get all of the above.
To obtain a license, a casino must comply with specific requirements of the issuing organization. It is a stamp of acceptance that confirms the positive results of independent audits and background checks. The key prerequisites concern customer safety, protection of personal data, safety and randomness of all games, and fair payouts.
Consequences of Playing at Unlicensed Casinos
Players who fail to check the background of their casinos may be unable to withdraw any winnings. Moreover, there is no legal recourse, as the website does not have a license. It simply does not have an obligation to respond and may not be held accountable. The casino may give any excuse for refusing the withdrawal.
Do some homework to avoid losing money. Research the casino you plan to use. To stay safe, pay attention to:
- the license provider
- banking options available
- withdrawal times
- minimum and maximum amounts for deposits and withdrawals, etc.
The Bottom Line
To sum up, a license confirms that the casino has not been rigged. It shows that the owner complies with the industry standards and provides the required level of protection to all players. Before creating an account on any gambling site, learn as much as possible about its legal status and reputation.
Do not take any chances, as the consequences of using unlicensed websites are dire. Your personal data may be misused, and your funds may be stolen. Moreover, you will have no opportunity to take legal action.