Playing a casino that doesn’t adhere to the qualities listed above, or any one of those points at all, opens the player up to a high level of risk.
The Risks of Unlicensed Casinos
The gambling regulations that govern online casinos are, by and large, designed to protect the customers and players of those casinos. That means that casinos that are not officially registered and licensed under one of these sets of regulations can effectively do whatever they want. This could be anything from promising rewards and bonuses and then changing the rules halfway through. Or advertising games before the player registers, then they don’t exist on the site after a deposit is made.
There could be special offers that vanish or have extremely unfair rules, or the games could be engineered to give the casino a much larger edge than is permitted under most licenses. More than anything, though, being unlicensed means that in the event of any unfair play or grievances, there is essentially nowhere to turn to, as there is no authority to register a complaint with.
The Risks of Suspect Payment Platforms
In many ways, these are the same risks that apply to any online payments and the concepts behind them are roughly the same. The two warning signs to look out for are payment platforms that the casino insists on players using but are obscure, or when the player is taken to another payment platform after their details are entered on a more familiar one. For instance, the player starts on what appears to be a VISA page, but then must confirm payment on the casino’s own page afterwards.
This can lead to a host of issues, although the most pressing is credit card fraud as the player’s details are stolen and misused, or perhaps sold illegally afterwards. In some cases, those casinos themselves may also add extra charges beyond the deposited amount. Similar to the situation with unlicensed casinos, suspect payments also have the major issue of being very difficult to report, as not only are they not regulated but tracking the payments may become impossible.
In certain jurisdictions, by playing on an unregulated casino site, the player may open themselves up to legal action as well, as some authorities consider both the provider and the player at fault if gambling occurs outside of a license. It may be considered the player’s fault for not conducting proper checks on the site before playing.