If you’ve ever thought about starting your own online gaming business, you’ve probably heard of such a concept as an online gaming license. This is an important document that regulates the activities of companies in the field of gambling. However, not everyone knows exactly which types of games fall under such a license.
What is a gambling license?
A gambling license is a permission from a certain jurisdiction to conduct online gambling activities. It is necessary so that the company can legally offer its services to players and ensure their trust.
The license allows operators not only to work legally, but also to cooperate with reliable payment systems and software developers. It is impossible to start a business without it. However, it is important to understand that the license does not cover all games, but only those that belong to the gambling category.
Types of games subject to licensing
There are a huge number of formats on the online gaming market, but not all of them are regulated in the same way. The main categories that usually fall under the gambling license.
- Casino Games are one of the most popular categories. It includes: Slots — slot machines where the result depends entirely on a random number generator; Table games — roulette, blackjack, baccarat, poker; Live dealer games — a modern format that attracts players due to a realistic gaming experience.
- Sports betting This category covers all types of bets: on real sports events (football, basketball, tennis) and esports. In recent years, betting on virtual sports games has also been gaining popularity.
- Lotteries and Sweepstakes Lottery games include instant lotteries, scratch cards and other sweepstakes. They relate to gambling because they are based on chance.
- Poker Online poker stands out in a separate category, as it is not just a game of luck. Skill and strategy play an important role here, but poker is still regulated as a gambling game.
- Bingo Despite its simplicity, bingo is also considered a gambling game. It is popular in the online environment due to the low entry threshold and clear rules.
- Fantasy Sports Fantasy sports occupy an intermediate position between gambling and entertainment. In some countries, it is considered gambling and requires a license, in others it is not.
Why do I need a license?
The license allows players to be confident in the integrity of the game. For example, in a casino, all results must be determined randomly, without the possibility of manipulation. Without a license, operators cannot prove their reliability, and this automatically reduces the interest of players.
In addition, the license makes it possible to work with large payment systems. This is critical for convenient account replenishment and withdrawal of winnings. Few people will entrust their money to an unlicensed site.
Features of choosing games for the license
If you are planning to start a business, it is important to take into account not only the popularity of the game, but also its license requirements. For example:
- Live dealer games require additional technical and legal costs, as they are broadcast in real time.
- Sports betting involves working with a lot of data and statistics.
- Lotteries are usually easier to implement technically, but they also require licenses.
Before launching, you need to carefully study the laws in the jurisdiction where you plan to work. After all, obtaining a license requires not only time, but also significant financial investments.
A gambling license opens up huge business opportunities, but it only regulates certain categories of games. If you want to work legally, make sure that your project meets the requirements of the law. In this case, the online gaming license will become not just a mandatory document, but the key to successful work and trust of players.