Gambling

Although cryptographer David Chaum offered a blockchain-like protocol in 1982, this technology revolutionized the iGaming sphere only in the 2000ies. Since blockchain is verifiable and transparent, it has become the backbone of the provably fair gambling concept. What is this? It is a system that enables users to verify casino game results, guaranteeing fairness and trust. Want to stay in the loop on this topic? We describe this technology in our article.

It’s undeniably true that iGaming is a strong competitor to offline casinos, attracting more and more players annually. According to Statista, there are expected to be 977.3m online gamblers by 2029. So, if you think about business in this area, you should clearly understand what iGaming is, how this industry started, which authorities regulate it, and other essential details. We describe all these aspects in our article, so keep reading.

Unfortunately, obtaining a license once does not mean that the casino has it permanently. All the jurisdictions issue a permit for a certain period. As soon as it ends, the owner of the casino should renew the gambling license to sustain the credibility of the business. The good news is that renewing a permit is much easier than obtaining it the first time. Still, there are several nuances and specific features that can prevent a business from successfully renewing. You can find a quick outline of the process and what might go wrong in this article prepared by the Legal Pilot team.

Creating an online gambling company requires compliance with law and regulatory frameworks. If you plan to provide lotteries on your website, you should check out the local laws to determine the need for a gambling license for a raffle. Remember that raffles are classified as gambling in numerous states and countries, requiring operators to receive a special permit. Continue reading our article to learn all the legal terms and how to obtain a license.

When planning to run an online gambling business, you should receive a special license as quickly as possible. Since the gambling industry is strictly regulated worldwide, each company must work according to the legal terms in the region. Nonetheless, not all business owners realize why they need a gambling license and how it is essential for their activity. Our article explains why a gambling license is a crucial legal leverage for any gaming business. Keep reading to learn more.