Today, online entertainment is very popular all over the world. Many people register every day to different online platforms that offer various gambling games. But few pay attention to the legality and integrity of such structures. In particular, we are talking about a license to operate an online casino.

Any online casino must operate with a license to be legitimate. You can check the availability of a license, in particular, on their websites. For example, on the site https://bettiltindia.in/, the license is located on the main page of the site. But what is an online casino license? Read this article and learn a little more about this mechanism that guarantees the legality and reliability of the gambling establishment.

Growth of online casinos

Before going to the main topic of the article, we present a context of the current situation of online casinos.

With the diversification of computers, mobile devices, and internet access that occurred at the beginning of the 21st century, it was a natural step for casinos to offer an alternative to their physical version – reaching a larger audience who can play wherever and whenever they want.

And, just like physical casinos, online casinos also had to be subject to rules – they are even prohibited in some countries – and legislation.

In recent years, growth has been even greater – which, in India, contributes to the existence of favorable laws.

What is an online casino license?

Essentially, an online casino license is a mandatory document to legally carry out the activity of operating an establishment of this type. It is issued by a specific supervisory or regulatory entity.

For the operator, it is essential to comply with all national regulations and laws where he is located. It also conveys a sense of trust with its customers – who do not have to deposit their money in a dubious house.

For the player, it is a guarantee of security and reliability – there are countries that are more or less demanding when it comes to granting licenses, but they all have strict criteria for doing so.

Each jurisdiction has its own laws regarding gambling (online and physical). The operating entity must meet the criteria of suitability, technical, economic, and financial capacity.

Any entity can request the granting of a license, and there is no exclusive one – the Portuguese market is open and favorable to competition.

Supervisory entity

There is an organization that monitors, inspects, and regulates gambling research and practice, the Gambling Commission.

It is an autonomous service responsible for land-based (physical) and online games and bets – with a legal regime established by legislation.

In particular, in the online part, this service monitors, verifies, and regulates sports odds betting, horse racing, mutual betting, and odds betting, as well as gambling.

The organization evaluates reputation, trust, market presence, complaints, security, customer support, and more before granting a license.

Respect for laws

The granting of a license to operate an online casino requires the operator to undertake to comply with all national laws and regulations of the country in which it is issued.

So, if necessary, they will have to answer to the local authorities of the country.

In addition, it is mandatory to comply with legal regulations when it comes to paying taxes and other fiscal obligations.

The operator is also required to settle its tax situation in the state where its head office is located.

The license also requires certain skills, a game system structuring project, as well as its certification and approval, as well as the payment of a license fee.

Conclusion

An online casino license is a guarantee that an operator has everything legal in its activity, meeting demanding criteria of suitability, transparency, technical, economic, and financial.

It may not be a cheap document to obtain, but it is also one of the most effective ways of establishing trust with customers: no one wants to risk their money at dubious online casinos.

When you find a licensed online casino, you can be assured that it complies with the law and your gaming experience will turn out well even if there is a problem – your money is always protected by the country’s national law.