The types of online casino licenses - Choose reliable license
Many online casino players might be thinking about what licenses are all about. Next up, we are going to dig deep into the world of what they mean and do, and how do players benefit from them. In the gambling industry, licenses are usually mentioned often but not that well. In this article, we are going to tell you as well as possible all the basics of licences and how they work.
Gambling license names are usually combined with a nation because they are always presented by a country. In Europe, the most known countries giving out licenses are Malta, the United Kingdom, and Gibraltar. Estonia is one of the countries with a commission aswell.
For players from Europe, pretty much all licenses inside the European Union are good deals. Depending on the country people are playing from, there are tax-free factors when playing in countries that belong to EEA.
Europe has very strict gambling laws and that puts European players into good position. Casinos working under European gambling authorities are being regulated and controlled very well, which makes them the safest option for all European players.
Every country has its own authorities that regulate gambling licenses. This authority defines the requirements for getting a licence. For example, Malta Gaming Authority works from Malta, UK Gambling Commission from the United Kingdom and Estonias authority is the Estonian Tax and Customs Board.
The more well-known license is the better. If a licence sounds a bit too exotic, it is recommended to switch to a casino with a bit more familiar licence. If you have any doubts about the licence, don't hesitate to investigate how that particular license works. Next, we take a little closer look at each license.
Other than the most known gambling licenses
It's not that hard to notice that licenses from Malta and the United Kingdom are the most popular ones. Most of the casinos working in Europe are being regulated by these two. There are other reliable licenses mentioned in this article. For example, there is Curacao, which obviously works outside the EU and has a bit less strict requirements for a license. Even though all licensed mentioned in this article are reliable, we still consider European licenses to be the best option for european players.
Some commissions pass out licenses a bit easier with less strict rules and laws than European ones. European licences are the most strict ones in the world. But still, casinos working under other licences than European ones can be safe and reliable. But if you bump into a commission you have never heard of, you probably should change your direction to a more well-known casino with a good reputation.
There are a few a bit more exotic license authorities such as Costa Rica, Aruba, and Kahnawake Gaming Commission. Many of us might have faced these licenses, but they are not that regular on the European market compared to the ones we have previously mentioned in this article-
The reliability of licenses has been brought up during the past few years. This is totally understandable because real money is being used on online casinos. Many players check out casinos license before making any deposits.
Licenses bring many good factors related to reliability and safety to online casinos. They ensure that all the important things are taken care of. If these factors are not on point, there will be no license for the casino. So it's pretty much safe to say that a commission takes care of the players as it ensures if the casino is trustworthy for the player to put their money there. Gambling authorities are very careful about who gets their license as they don't want to get their own hands dirty.
Nowadays, online players are pretty much aware of which license is reliable. And for sure everyone should know that if a casino doesn't have a license at all, do not spend a cent there. Players are also willing to play under certain licences as not all of the licences give out tax-free winnings.
In the end, there is a lot of well-working licenses and authorities out there, but what we think is that for European players a casino with a European licence is the best place to head to.