It’s a well-known fact that before you join an online casino you need to check if it’s licensed under a reputable jurisdiction. This information has to be displayed on the casino website. But what does “gambling jurisdiction” exactly mean?
A gambling jurisdiction is a sovereign region that selects applicants to provide gambling services. The concept originally appeared in mid-1990s. Gambling jurisdictions are usually small countries with a large share of their income coming from online casino licenses. The reputable ones are famous for being very careful and strict before and after giving licenses. They also keep evolving and improving. The biggest names are Antigua and Barbuda, Malta, Kahnawake, Curacao, Gibraltar, Isle of Man, and Alderney.
The oldest online gambling jurisdiction was Antigua and Barbuda, established in 1994. In 1996 The Gambling Commission of Kahnawake was launched, which is now among the biggest jurisdictions with the most online casinos licensed.
Some ways in which gambling jurisdictions opeate are different, but most have a lot in common. There are three important aspects on which applicants are judged. The first one is credibility, which means that all financial statements and other business information relevant to gambling must be provided by the applicant. The second one is the fairness of games, which mostly consists of checking on the Random Number Generator. The third one is customer protection, which includes the fairness and automatization of payouts and bonuses.