How do gambling sites obtain a license?
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Gambling websites are illegal in some countries. Online bookmakers and casinos need a license from a gambling authority in order to offer their services. Obtaining a licence is a lengthy process that requires the bookie/casino to complete several steps.
Betano recently got a Bulgarian gambling license. The first step is to contact the local gambling authorities. Most European countries have their own betting commissions that decide which websites can operate legally within the specific jurisdiction.
Betenemy informed us that Betano recently got a license in Bulgaria. Betenemy explains the requirements that an online betting company must meet to get a permit. iGaming websites also have to prove that they offer safe payment options. They use the latest payment software.
Some gambling commissions worldwide require iGaming sites to pay a large fee to operate within the given country. The idea is to guarantee that the company has enough funds to cover the gambling commission.
