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What will happen if you gamble with an unlicensed casino?

by Staff Writer
19 Mar 2022 at 13:14hrs | Views
In the United Kingdom gambling sites are divided into two main types, regulated sites and unlicensed sites. In fact, unauthorized sites are not necessarily fraudulent as they apply all the basics of protection including encryption protocols, firewalls, antivirus software, and other protection standards as well. In recent times, independent casinos have been particularly popular with British players as they do not impose difficult procedures, welcome all types of players even if they are on the national self-exclusion programme, GamStop, and do not impose unreasonable withdrawals.

Perhaps the most important feature of these sites is that they accept crypto payments as well. In recent months, UK politicians have already indicated that they intend to ban illegal shows in the future. In practice, however, this plan will not be fully realized. In this article, we will take a comprehensive look at the offers and features of non-UK gambling sites where you can play with complete freedom on your smartphone, tablet or computer without any sacrifice.

Are unlicensed casinos in the UK legal and fair?

Basically, the transitional rules set by the UKGC are not legally binding. So as long as no official gambling licenses have been granted in the UK, you can play in online casinos without a license without hesitation. There shouldn't be any problems with the deposit, whereas the payout can sometimes become a hurdle.

The following restrictions must be observed:
 - Bank transfer and credit card transactions may be blocked.
 - Payment providers like Neteller and Skrill are less common.
 - Non GamStop casinos are increasingly focusing on digital currencies.

To ensure that winnings reach the player without any problems, the payment methods must be checked more strictly here. All classic payment providers, such as banks, Neteller or Skrill, are currently increasingly withdrawing from stand-alone casinos.

This fact explains why more and more companies in the industry are now relying on decentralized cryptocurrencies that are independent of the official economic market. Deposits and withdrawals with Bitcoin, Ethereum and other coins are currently booming like never before. If you choose this as an option, you shouldn't have any difficulties getting profits, at least for the time being.

However, transactions in real money currency, such as payments by bank transfer or credit card, can sometimes be frozen because the use of unlicensed offers is not permitted in the UK.

The reason for the withdrawal of many payment service providers is that they in particular are making themselves punishable by allowing transactions. Customers also have the option of suing for losses. The provider PayPal has already had to answer in court. Other companies have responded and can mostly only be found in casinos that comply with the country's current regulations.

Pros and Cons of Unlicensed Casinos Without GamStop

Most casino customers are aware that they are responsible for their own risk management. Experienced players, in particular, don't like the extent to which the UK government interferes with personal rights.

It would not be serious to claim that casinos with a UK license only have disadvantages. We have compared the pros and cons of unlicensed gambling sites:

 - No deposit limits.
 - Players can use fiat-based payment methods and cryptocurrencies.
 - Games are not interrupted after one hour
 - Bonus promotions of any amount possible
 - Roulette and other classics available
 - Live casino games can still be used
 - Some of the independent casinos don't impose the KYC requirement

 - There is no higher authority that can settle disputes
 - Withdrawals can be tricky
 - Some e-wallets may not be supported

Even if very few casino players feel like drastic restrictions, it is advisable to take a closer look at preferred providers without the UK license in advance. Our reviews can be helpful, but player reports on topics such as the correct reliability of winnings also help you to make a good decision for yourself and minimize the risk.

Are the bonus promotions in unlicensed casinos without GamStop better?

This question cannot be answered in general, because there is generally a very wide range of casino bonus offers between the providers. Anything between a few free spins and several thousand euros starting credit is possible in the casino - depending on which one you ultimately decide on. Attractiveness is in the eye of the beholder here, especially since the wagering requirements are particularly important in addition to the bonus amount.

Here, too, a targeted comparison is useful for illustration:

To date, UK online casinos continue to pay out solid bonuses. So, as far as they're concerned, there's obviously no overly obvious limitations. The difference to casinos without a license is therefore less important. Security is given by all providers. Whether a bonus turnover is fair or not has less to do with the question of the extent to which UK licenses or licenses from other destinations (e.g. Curacao) are available.

If you are interested in a provider's starting credit, you should basically deal with all the general conditions and sales targets. It is also crucial which games contribute to sales at all. This can vary depending on the casino, although licensing also plays a minor role here.

Source - Byo24News