In the world of sports betting the main issue is the legal operation of the company. The presence of special permission – a license – is necessary for the organization of the full-fledged operation of the platform. We can say that it is a guarantor of the financial stability of the company, safety of its activity, and legal maintenance of projects. FairPlay betting company operates under a Curaçao license 8048/JAZ.
What are the features of a Curaçao license?
Also, proper regulation of all relevant aspects of the gaming sector requires the right partners and participants to ensure the operation. Thus, activities under a Curaçao license are supported by the Central Bank of Curaçao and St. Maarten (CBCS), the Financial Intelligence Unit (FIU) of Curaçao, Fundashon pa Maneho di Adikshon and others. The main features of the license are:
- It does not give a classification into individual types, but legalizes a certain area comprehensively;
- Fast speed in obtaining the license, its renewal at the end of the term – from 2 to 8 weeks;
- Low cost and favorable tax conditions, which, in turn, causes companies to apply frequently for this particular permit;
- It is recognized by the regulator in many jurisdictions and entitles the company to operate legally in domestic markets.
You don’t have to worry about breaking Indian law by betting. Online gambling is not illegal in the country and having a license on the platform guarantees you complete safety!