1Win License: Proof of Legality & Trustworthiness
1Win’s licence is the main evidence of its legality in India. This document is issued by the Curaçao Gambling Commission and is numbered JAZ2018-040. The 1Win licence is an eloquent confirmation that the operator meets the international security standards required of gambling operators.
In this article, we will tell you more about gambling licences and how difficult it is to get approval from the Curaçao Commission.
About Licence
The licence of a gaming operator, whether it is a betting permit or a casino, is the first indicator of the legality and honesty of its work. This document is not just a formality, but a legal confirmation of compliance of the services provided to industry standards. Obtaining a licence implies strict compliance with the regulations established by gambling regulators.
Companies aiming to obtain a licence face high requirements and a complex application process. Regulations and requirements can vary greatly depending on the specific jurisdiction in which the gaming operator operates. However, regardless of the country, verification of the company’s financial health, clarification of player data protection systems, availability of support services, and proof of fair gaming results are usually required.
The difficulty of obtaining a licence depends on several factors, including strict safety standards, the financial strength of the company and the integrity and transparency requirements imposed on it. It is not uncommon for companies to be subject to detailed scrutiny and audits by regulators, which can be time-consuming and costly. Nevertheless, a licence is an important prerequisite for credibility and attractiveness, which ultimately contributes to the success of a gaming operator.
Curaçao Gambling Licence in India
The licence issued to 1Win by the Curaçao Gambling Commission is an international credential for responsible operators in many countries around the world, including India.
Obtaining and confirming a Curacao licence every 5 years shows that the platform meets certain industry standards. This in turn gives players confidence that their interests are protected, the processes within the company are transparent and the results of the games cannot be manipulated for their own benefit.
To obtain a Curaçao licence, a company must apply, pay a fee and provide all necessary documents to prove its trademark, legality and financial solvency. The package also includes documentation of the company’s legal status, financial statements, information about the owners and managers of the company, and a detailed security plan for the data servers.
Once the application is submitted, the company’s compliance with the established standards of the Curaçao Gambling Commission begins. This stage can take a considerable amount of time and includes analysing all the documents provided, checking the financial condition of the company, its reputation and the past history of its owners.
After successfully passing all stages of the inspection and receiving a positive decision of the Commission, the company receives a licence, which allows it to legally provide its services in the field of online gambling.