Post
Topic
Board Gambling discussion
Merits 4 from 1 user
Re: Regulating bodies
by
RHavar
on 03/05/2019, 17:36:10 UTC
⭐ Merited by dbshck (4)
Well, curacao-egaming.com are the ones who give the licenses from Costa Rica, they verify the engine and the site isn't rigged before giving the license.

That's not the case. Like the name suggests the licenses (Actually sub-licenses) are from Curacao, not Costa Rica. (Costa Rica is a popular place to incorporate a casino though, because it effectively has no gambling laws for foreign bets).

And they do not verify the engine (and if they did, it could silently changed, or they verify a different version).


As someone who's previously been granted a gaming license, I can tell you they're pretty much totally useless for a player. I think the only thing they're good for is showing that the company isn't a "fly-by-night" operation as they invested a few thousand in legal and licensing costs.

And if you're cheated by them, it gives you a potential avenue for recourse but it'd be a a pretty up-hill battle. And if they're malicious, they could've even gone through the whole licensing process with totally fake information and be anonymous.


--

So my strong advice for players would be to use a system they can verify themselves (i.e. provably fair) and a long history of being good standing with the community (as that's something worth millions of dollars, no well-run company would want to risk that).  I'd also check out: https://cryptogambling.org/   while I don't know every name in the list, the ones I do know are pretty solid options.