Online casino licensing is vastly misunderstood by most online casino players, and if you happen to be unfamiliar with how the whole process works yourself, then you are certainly not alone.
Fortunately, online casino licensing is actually pretty simple to understand once thoroughly explained, and we are going to be telling you everything you need to know about online casino licensing here in this article. Let’s just dive straight into it.
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What Does It Mean For An Online Casino To Be “Licensed”?
First things first, let’s take a look at what it means for an online casino to be licensed. In general, a licensed online casino is going to be safe, high-quality, and professional, and this is simply down to the fact that a higher authority has to verify and validate them in order for the said casino to receive its licence.
Here are a few of the requirements that online casinos have to meet in order to receive their licence:
- User privacy
- Financial stability
- No false advertising
- Proactively preventing money laundering
- Demonstrate healthy gambling behaviours
Most people assume that online casinos need a licence in order to operate, and while this does have some level of truth to it, this is not exactly the case. Some countries do require online casinos to have licences, while some don’t.
Saying this, things do begin to get a little complicated when it comes to online casinos that operate in different countries. For example, Ontario casinos open worldwide will still generally follow the rules for Canadian online casinos.
Another important thing to note about online casino licensing is that certain nations will have their own rules about licensing. To give another example, gambling laws in the UK dictate that online casinos have to have licences in order to operate legally, and this means that any online casinos that do not have a licence cannot set up shop in the UK without a licence no matter where they are hosted from. Each country is going to be different.
Do Online Casinos Need a Licence To Operate?
In most modern nations, online casinos do actually need a licence in order to operate. Although, as you may expect, there are a myriad of ways that casino companies tend to work around this.
While online casinos may need a licence to operate in some locations, oftentimes, these rules are not enforced, and this is why there are a plethora of unlicensed casinos circulating on the internet.
Playing at these establishments is not advised – it doesn’t matter if you have one of the best gaming PCs. Fraudulent companies can get access to your data in a matter of minutes if you give them the right info.
Of course, not all unlicensed casinos are malicious – but as a general rule of thumb, you would be much better off by just sticking with licensed casinos.
We hope we have been able to give you a better insight into how online casino licensing works, as well as what it means for a casino to be licensed. While online casinos do not need to be licensed in some places, it’s certainly much better off going with licensed casinos, and this way, you will ensure that you are only playing at quality establishments.
It can be all too easy to just click on the first online casino you come across – but if you want to have the best chances of picking an exemplary establishment right from the start, then going with a licensed casino is most definitely the right route to go. See you next time.