Quote from: avikz on May 05, 2019, 07:16:59 AM

Quote from: otandelapaz on May 03, 2019, 03:13:15 PM

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

It's almost impossible to have a regulatory body for online crypto casinos because they are not bound by regions. Crypto casinos can be operated from any countries so the best way to see its legitimacy is to check if a casino is licensed in their country or not. ALl license crypto casinos usually show their company name and license number in their website which can be validated through the company directory of their respective countries. That's the first level of validation anyone can do.

Second level validation is mainly the reputation check. Looks for their official thread in big forums like bitcointalk and go through the recent comments. You will definitely get an idea about what's going on. These reputation check will give you a very good overview about a particular casino and you can accordingly decide whether you want to go ahead with them or not!

Yeah I do agree with your point stating about regions or you mean the jurisdiction in every legal aspects it may be hard to implement regulations if you want the government to do it. But, there are other ways to regulate online betting platforms and that is to hire a third party service to ensure the betting platform operation and will help and protect the clients or users of a betting platform.

However, this is just a case if we think that regulations is really needed. For now, online betting platform are operating and working well. I do not have even made a complain to an online casino betting platform I was in. I was having a good choice.