Online licenses form a critical part of online gambling. Licenses are issued by the relevant licensing authorities to ensure that every player is secure and safe in any online casino. The goal is to protect players from scams and make casinos liable for malpractice. To be issued with a license, casinos must ensure that games are random and fair. They must also set the relevant limits on deposits and withdrawals. For more information, check out (here) ( https://www.1-online-casinocanada.com/ ). Let us look at top four licensing authorities which include:
- UK Gambling Commission
- Alderney Gambling Control Commission
- The Isle of Man Gaming Commission
- The Malta Gaming Authority
UK Gambling Commission (UKGC)is one of the most popular licensing authority in the whole world. UKGC has been regulating and licensing gambling activities in the United Kingdom since 2005. It also regulates all gambling activities in Great Britain. UKGC has regulations, policies and rules that comprises everything from certification, auditing and software testing. It aims to enable crime-free, fair and prevent illegal, and manipulated gambling. Application fees range between £2,640 and £57,304.
Then there is Alderney Gambling Control Commission (AGCC) which was founded in 2000. The aim of this commission is to enable crime free casinos and prevent any form of illegal gambling. To qualify for this license you have to meet international rules ad standards such as submission of software for testing. Casinos under AGCC are required to show every game's RTP and limits on deposits. They are also required to promote responsible gambling. AGCC offers two gambling licenses which include:
- Business To Consumer (B2C) license
- Business To Business (B2B) license
The Isle of Man Gaming Commission is another reputable licensing authority. The authority regulates online gaming, betting offices, controlled gaming machines and land-based casinos. It started offering gambling licenses in 2001. For you to be part of the commission, you have to start by completing the relevant documentation. All casino software is checked by independent companies for fairness, randomness and reliability. There is detailed auditing in place to ensure that casinos adhere to regulations and rules. A license from this authority covers all gambling activities.
The Malta Gaming Authority ensures that all casinos under its regulation operates with full transparency and fairness. The authority was established in 2001. Initially, it was referred as LGA (Lotteries and Gaming Authority). It regulates non-profit games, commercial bingo halls, skill games, and amusement machines, land-based casino, cruise casinos, gaming devices, national lottery and Racecourse bets. It was established to promote responsible gaming, prevent crime, ensure fair gaming and protect vulnerable players. At the moment it regulates over 500 online casinos.