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Online Casino Sites Need Proper Licensing

If you’re wary about placing bets at online casino sites that are unfamiliar to you, consider looking at the site’s license. Reputable online casinos are licensed in the jurisdiction out of which they operate; however, not all jurisdictions offer licenses to online casino sites. Many sites actually operate without a license and this is where you should be more aware. Unlicensed sites are unsafe for gamblers for many reasons. Gamblers run the risk of losing their money in unsavory dealings or the sites may simply refuse to pay out any winnings.

So how can you tell whether the licenses that you see at online casino sites are genuine? One way to ensure this is by checking out the software used by the online casino sites. The logic is simple. To obtain licenses, online casinos need to display the software that is used to power their sites. Check out the software used – if they are powered by reputable providers such as Microgaming or Playtech, the chances are that they have a valid license. This is because big software providers will not sell software to online casinos that don’t have operating licenses.

As tempting as it may seem to play at the many online casino sites that catch your eye on the internet, it’s worth taking a few minutes to read the small print and find out whether these online casino sites are licensed to operate or not.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.