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!
I think there are reviews that you can search online or find in forums such as this, and that could aid you in verifying or validating. Reputation plays a big part - surely if a gambling site has a sketchy history, people would talk about it so better keep your
ears open for that. So far, I don't think that there are any other regulating bodies which makes verification because of the conflict among jurisdictions. The best a customer could do is due diligence and research on the background of the gambling site or operator.