Foreword
From the player’s point of view, it is imperative to examine the background of the casino. Verifying that it holds the proper license is a strong sign of credibility; after all, no one wants to have any problems with a dishonest random number generator or attempting to withdraw money. But the signal to display a casino license is much more than that:
1. The approval seal of the industry regulatory agency
Complying with local regulations is one of the requirements for a casino to operate legally. The specifics tend to vary from country to country, but regardless, earning a credential is the hallmark of passing rigorous background checks and regulatory scrutiny. In the process, check the legitimacy of the casino business, test the security of its platform, and more. Only casinos that clearly outline the payment process stand a chance of getting it, and without rock-solid fraud prevention measures in place, this cannot happen.
2. The main purpose of dealing cards is to protect players
There is no room for loss when playing for real money at an online casino. Players need to feel safe when depositing money and be confident that the odds of winning will not be stacked against them. No one wants to entrust their personal data, such as credit card numbers, to an operator without knowing that it will be handled with care. In other words, storing it on a server without any form of encryption is a big no-no; in the event of a security breach, this could lead to identity theft, loss of funds, etc. At the end of the day, getting a license also means that the operator is considered trustworthy in handling customer funds and personal details.
3. Each license has different functions
Different types of licenses mean different things. In fact, online casinos can display multiple licenses at the same time. For example, some countries have chosen to roll their own hands and only allow pre-approved casinos to operate in the area. One of the requirements to legalize their business is to have a base of operations in said country. This not only ensures that the country’s residents are closely watched, but also brings a steady flow of cash to the government coffers. A general rule of thumb is to look for casinos that have a local license, as these are considered the safest.
4. It is in the player’s best interest to play at a licensed casino
Thinking that regulatory issues have nothing to do with you can quickly be proven wrong. After all, you are not only handing over your money to the casino, but also your personal data. There are good reasons why most people are reluctant to share their real names, addresses, and payment information with strangers; be safe. So there is no shame in asking to see the license. However, in most cases, trustworthy casinos are publicly displayed in the footer of their website.
In summary
In view of the above points, you should always double check that the casino has the proper license. Otherwise, it could be a sign of trouble. Good luck at the poker table and stay safe!