A gaming license is an official permit issued by a regulatory body of a particular country or jurisdiction to legally organize and conduct gambling. It can cover both online businesses (casinos, bookmakers, poker, lotteries) and land-based establishments.
The main purpose of such a license is to make the work of operators transparent, protect the interests of players and ensure control over compliance with the law. Regulators usually require companies to comply with rules on game integrity, anti-money laundering (AML), customer identity verification (KYC) and responsible gaming.
The cost and complexity of obtaining a license depends on the jurisdiction. For example, in Malta or the UK, licenses have a high reputation, but require serious preparation and significant expenses. In more accessible jurisdictions, such as Curacao or Anjouan, the process is cheaper and faster, but the level of trust in such licenses is lower.
Having a license allows a company to legally operate in international markets, connect payment systems, conclude agreements with partners, and attract investors. However, working without a license is associated with the risk of blocking websites, financial accounts, and penalties.
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