Many people who engage in online gambling, regardless if it’s playing casino games or betting on sports, choose a site or a platform based on different elements, such as the selection of games or the sports, matches and betting options available, bonuses, rewards, and promotional deals offered, payment methods, or the kind of customer support service or the level of security and privacy the site has.
While those elements are important factors to look into when finding and deciding on an online gambling site to join, one essential thing that many fail to check is the license of the gambling site issued by a recognized regulatory body.
Online gaming and gambling has become an extremely lucrative venture and is now a rapidly growing industry and sector. Because of this, more and more online casino sites enter the market to have a piece of the action . However, about 20% of online gambling sites don’t have the proper license and so present threats of unfair gameplays, fraudulent transactions, and even identity theft.
Safe And Secure Online Gambling With Ku Bet
Ku Bet is among the online casinos on the web with the proper license to offer its products and services over the web. In addition, it is also one of the first brands when the industry of online gambling was still developing. Ku Bet has then been in the industry and providing their services for nearly two decades. With its years in the industry, Ku Bet has worked hard to be one of the trusted and most prestigious online casinos on the web today, with several key partners in the industry.
When it comes to legality, the regulatory bodies or licensing authorities confirming the legitimacy of Ku Bet includes:
- Philippine Amusement and Gaming Corporation (PAGCOR)
- Cagayan Economic Zone Authority (CEZA)
- Malta Gaming Authority (MGA)
- Isle of Man Gambling Supervision Commission (IOM)
Being a licensed and trusted online gambling site, players can be certain of the quality of the products and services that Ku Bet provides its existing and potential patrons, as well as with the security, transparency and fairness of all transactions and gameplays.
Choosing Licensed Online Gambling Sites
With the ever-increasing number of gambling sites, concerns on safety and security related to unlicensed sites increases as well. Sadly, many people who engage in online gambling don’t check or double-check the license of the site and verify its legality or the authenticity of the gambling license.
The primary role of a gambling license is for players, operators and the industry to be protected. Recognized regulatory bodies or authorities issuing the gambling license make certain that the terms and conditions and the betting requirements of the online casinos are fair and according to the rules, as well as ensure that they don’t take unlawful or wrongful advantage of their patrons.
If there is an absence of any kind of regulation, hackers and cybercriminals will most definitely grab the opportunity to steal any personal and financial details that they could. As a player, you want to ensure that all your sensitive details are safe and secure. Hence, it is imperative for all players to verify the legality of the online gambling site before joining.
There are several cases of identity theft and fraud online, and as online gambling involves real money, it is all the more important to protect yourself as well as your money when engaging in online gambling. So, the significance of choosing a properly licensed online casino to engage in casino gaming is something that can’t be emphasized enough.