Post
Topic
Board Gambling
Re: Why they need a license if bitcon is not money?
by
topbitcoin
on 01/04/2024, 14:57:33 UTC
That's a great answer, the license is a part of the 3rd party games, and is the way to trust those non-provably fair games. Some users like to play those fancy slots even if they can't verify the rolls, but they feel the game was fair for the simple fact that the site has a license.

Just to conclude the topic, a license is not a warranty for the users. We have seen a lot of licensed casinos who has a terrible reputation, but their marketing strategies is so strong that they keep getting new users, and more than 50% of those new users will end up having a bad experience.
Thank you. Yeah, a license means nothing because there have been many websites with a license but still scammed. In crypto casinos, the license is not a guarantee of a casino being honest and 100% payable. There is 1xbit with Curacao license that has always been scamming people, they still scam and because of the marketing, they are able to still attract new customers. They are licensed but it doesn't help, as far as I know, no customer has taken their deserved money from them.
As far as I remember, freebitco.in and bustabit.com didn't have a license but to this day they have not scammed anyone. Now both of them have a license but they were as trustworthy before acquiring a license as they are today.
I agree that a license is not a guarantee for a casino to behave fairly to its customers in terms of games, because there are many gambling platforms that have a license but they cheat, it is not a few who do that, yes it can be said to be a third party game to make people believe that they have a license that they do everything fairly.
Yes, we may be able to see that those who used to have no license but were able to operate the casino fairly are not a doubt that when they get a license they will do the same, it should increase their confidence that they are doing it fairly in running their services. But in any case we should not be too sure because something could happen someday, I don't mean to do FUD but being more careful is a better attitude than being too fanatical.

And all the governments that require every casino to have a license means that they assume that bitcoin and others are currencies, roughly speaking, can you say that?