Licensed Bitcoin Casinos
In the world of real-money online gambling, being licensed is a must. Otherwise, the casino will be rendered illegal to operate in certain jurisdictions. This is the reason the clamor for licensed Bitcoin casinos is significant, so much that it extends even to the Bitcoin casino market.
In this niche, however, the idea of licensing is still a gray area. Several Bitcoin casinos continue to operate with or without a license. The reason behind this is the simple fact that Bitcoin is not recognized as a currency in most territories. Thus, there is no urgent need for the gambling operators to apply for one.
Nevertheless, there is a growing demand for this, especially in the advent of scams. Bitcoin betting—being anonymous and unregulated—has become in a way a hot pot for ill-motived individuals scamming the unsuspecting players.
Licensed Bitcoin casinos
As a result, many bettors nowadays look for licensed Bitcoin casinos. In turn, the platforms address the demand by applying for the licenses and ensuring their customers’ security.
While not all websites in this market are already licensed or will be one in the next few months or years, there are a few that stand out.
Here are some of the licensed Bitcoin casinos:
- BitCasino.io — Powered by the technology provided by CoinGaming.io, this Bitcoin casino takes pride in being a fully licensed website that accepts Bitcoin. It features an extensive collection of games optimized to work on mobile devices as well as an array of bonuses and promotions. It is licensed to operate online gaming operations by the government of Curacao.
- BitStarz — This Bitcoin casino continues to outdo itself. Launching as a Bitcoin-only casino, BitStarz now accepts fiat payments and even boasts a larger library of games catering to different kinds of players. It largely banks on the SoftSwiss software and is also licensed by the Curacao government.
- FortuneJack — Pegged as the premium live cryptocurrency casino, FortuneJack presents an innovative set of gambling that covers several interests and markets. It accepts nine cryptocurrencies and is fully licensed to operate by the Law of Saint Kitts and Nevis.
Implications of a license in Bitcoin gambling
Licensed Bitcoin casinos do not add credibility to the website, but it also strengthens the security of the players. This proves to be the smarter option for bettors in order to avoid unfortunate circumstances.