Is it safe to play in foreign casinos?

First of all, it is necessary to distinguish between foreign online casinos with and without a license to operate – regardless of whether this is a license from another country.

If an online casino does not have a license, we recommend not playing at that casino. The lack of a license does not bind the casino to any regulatory authorities, so there is zero protection for players. In short, playing at foreign online casinos without a license is unsafe and not recommended. However, you do this at your own risk.

On the contrary, if an online casino has an operating license, it means that it is bound by a regulatory body. Consequently, an online casino must comply with the requirements of the authorities to maintain its license to operate. For this reason, in most cases, it is safe to play at foreign online casinos if they have licenses from recognized authorities.

Nowadays, new online casinos are popping up around the world every day that will be available to players from all over the world, probably through a VPN.

Advantages of playing in a casino with an international license

Foreign online casinos are not subject to national regulation. That is, it means that they do not operate under any gambling license issued in Indian and are not required to comply with the country's rules.

Some countries still do not have a definition of online gambling taxation for operators, which can become extremely costly when regulated. Working with a foreign license and with more favorable tax conditions, these casinos can offer their players favorable conditions, such as:

• Best Odds on Sporting Events: Bookmakers set odds on sporting events based on probabilities and associated costs to achieve a certain rate of return. Low taxation allows foreign casinos to offer more competitive odds compared to the casino's offer.
• Best Bonuses: Casinos can seek regulation in regions where the legislation does not impose restrictions on the bonuses offered to players. This factor, in addition to lower taxation, is decisive when limiting bonus offers in casinos.
• Ability to play at live dealer casinos: In some countries, such as Portugal, the legislation does not allow online casinos to conduct live games. This restriction does not apply to foreign casinos, so it allows you to enjoy live games.

Along with all these advantages, we must confirm that Indian players do not commit any violations of the law by playing in Most bet casinos. All the risk is on the side of the operator, who may incur penalties and block the site in some countries.

Risks of playing in a foreign casino

When playing at an online casino, Indian or foreign, the only real risk you are exposed to is losing money in one of two ways:

• Loss of balance when playing various gambling games
• Loss of deposit due to fraud or inability to withdraw your funds

The first risk is inherent in gambling: when betting on gambling, you always run the risk of losing money. Always play in moderation, monitor your online gambling spending, and recognize the early signs of gambling addiction.

The second risk is to lose money for reasons unrelated to gambling, as this is a fraudulent online casino. Essentially, fraudulent online casinos can harm players in two ways: accept a deposit and not credit the player's account or withhold the player's funds and not process the withdrawal. In the case of foreign online casinos, you will not be able to appeal to the national authorities to solve your problem – you will have to resort to the help of the authority issuing the casino license, in the case of casinos licensed outside of India.

In addition to the aforementioned inconveniences, overseas online casinos may feel the need to change the URL of their homepage frequently to circumvent any restrictions due to a lack of a license.

How to minimize the risks of playing in a foreign casino?

To minimize the likelihood of encountering a problematic or fraudulent foreign online casino, you should take the following precautions:

• Before making a deposit, read the terms and conditions of foreign casinos.  This way, you will be aware of any unreasonable or unfair withdrawal requirements that may harm you in the future.
• Checking the wagering requirements is an important step. Bonuses are a way to attract new players, so you should always review their terms and conditions to make sure there are no unfair conditions. In the case of no deposit bonuses, there is no risk to players.
• Using secure payment methods is essential to your financial security. The most secure payment methods are Paysafecard, Boleto, and PIX. It's still possible to make payments with a credit card or e-wallets, but make sure the payment isn't made through a fraudulent interface. Finally, if you're going to deposit cryptocurrency, trust only licensed casinos.

These recommendations apply to licensed foreign online casinos. First of all, be prudent, use common sense, and research before taking any action that could harm you.

Licenses distributed in foreign casinos

Some licensing authorities are extremely popular with foreign casinos. Its popularity is due to several factors, with a special emphasis on the tax policies of different countries.

Check out the most popular licensing authorities among foreign operators below.

Malta (MGA)

The Malta Gaming Authority (MGA) was established in 2001 and assumes the role of Maltese regulator. The island of Malta, located in the middle of the Mediterranean Sea, is known as the capital of online gambling. Tax attractiveness combined with the fact that Malta is part of the EU (since 2004), has led to a solid introduction of the online gambling industry in the country.

The mission of the MGA is as follows:

• Protect minors and vulnerable persons;
• Protect the rights of players;
• Promote responsible play in a safe environment;
• Ensuring the integrity of games and gaming devices;
• Keep the online game free from criminal activity.

In short, for obvious reasons, the MGA is one of the most prominent regulatory bodies in the field of online gambling.

Gibraltar

Online gambling in Gibraltar is regulated by the Gibraltar Betting and Gambling Association (GBGA), which was founded in 2005.

The mission of GBGA includes:

• Represent your partners in legal matters
• Regulate the gambling industry
• Dialogue with other relevant bodies
• Providing information to governments and legislators to improve online gambling policies.

Curacao

Curacao's licensing authority is very popular among online gambling operators due to the numerous advantages it provides to operators:

• Simplified licensing process
• Lower cost compared to other jurisdictions
• Extremely low taxes (2% of net profit)
• Fast licensing process (6 weeks on average)
• Ability to make payments in cryptocurrencies

Taking into account the above-mentioned advantages, it is natural that many operators prefer to obtain a license issued by Curacao.