Online casinos often get a slap in the face when it comes to security, but the licensing system actually keeps online casinos very strict. Gambling licenses are not issued on a conveyor belt and the application process alone is a long-term process – not to mention the rules that bind when an online casino is up and running! For example, a license obliges casinos to always keep players’ funds in a different account than the company’s own funds.
Gaming account verification is one of the most prominent responsibilities that binds all online casinos. The regulations are constantly being tightened, especially with regard to fees, personal data and responsible gaming.
The most common and strictest gaming licenses are Maltese, Estonian and UK gaming licenses and they all also mean tax-free winnings for you. As a good example – license obliges players to set a deposit limit, which means that the rules are indeed strict.