Are unlicensed crypto gambling sites illegal?

Hey, I’m in Canada. Crypto isn’t really regulated but can be turned into cash. Do online gambling sites need a license? Seems like a license costs a fortune.

Forget it, I found some info online.

The license rules depend on your country’s gambling laws. If there’s no regulation, you might be fine. But tbh, players usually prefer licensed sites over unlicensed ones.

Anyone got more questions about gambling licenses? I know a bit about it. If your country like the U.S. doesn’t recognize international licenses, you might be okay if the site is licensed elsewhere. Many crypto sites go for Curacao licenses because it’s easier.

Unlicensed gambling sites are illegal and can get shut down. You could lose your money if that happens. That’s why licensed sites are better.

Is there really a place where gambling sites can run freely without a license? If you’re good with what you found, consider locking this thread.

Generally, all businesses need a license to operate. No matter the currency, a permit is usually required. Unless there’s some special rule for crypto, best to check with your local authorities.

Taking BTC as payment doesn’t change what you’re offering. Like, if cigarettes are legal, paying with crypto or cash doesn’t matter. You should still consult a lawyer about setting up a gambling site.

Crypto gambling sites are super profitable. I see a ton of ads for them here. It’s a grey area, though. If this ever goes to court, it could get complicated.

Thanks everyone for your help. From what I found, I’ll need a license for crypto gambling. I might also need permits. I’m thinking of doing a free gambling site instead where members complete offers to win some crypto. That way, no license worries. But if I do a real site later, I want it to be fair, like a raffle.

Curacao license sounds familiar, but I saw it’s not a real gambling license. Confused about that.

Do gambling sites really need to collect personal info? I thought just email and crypto address were enough. Don’t want to ask for too much info.

What about using a P.O. box? It’s cheap here in Canada. A UPS box costs way more.