1Win License
1Win is a licensed bookmaker operating legally and transparently under Curacao license 8048/JAZ2018-040. We have collected all the information about the license so that you have no doubts about the reliability and safety of betting.
1Win Restricted Countries
1win provides its services in Nigeria, as well as in a number of other authorized countries. In some countries, access to the betting platform is restricted. It can be restricted due to local gambling and licensing laws. The bookmaker is inaccessible in countries where online betting is prohibited or requires special authorization. These include:
- United Kingdom;
- France;
- Albania;
- Barbados;
- Canada;
- Italy;
- Cayman Islands;
- Haiti;
- Jamaica;
- Latvia;
- Lithuania;
- Malta;
- Spain;
- Netherlands;
- North Korea;
- Pakistan;
- Panama;
- Sudan;
- Switzerland;
- Syria;
- North Korea and some others.
Advantages of Using Curacao License
The Curaçao license is highly popular among gambling operators due to its availability and ease of registration. We have collected the advantages that make it the optimal solution for online casinos and betting companies.
- User protection
The license provides reliable cryptographic protection of customers’ personal and financial data; - Extensive license coverage
Unlike some jurisdictions that require multiple licenses for different types of gambling, Curaçao’s license covers a variety of gaming operations, including online; - Legality of activity
The license confirms the legal status of the business, its compliance with international standards and regulation by official bodies; - Low tax rates
Curaçao offers one of the most favorable tax regimes for online gaming businesses. The 2% tax rate and the absence of VAT allow operators to increase profits and invest in the business; - Guarantee of fair play
Licensed activities exclude manipulation and financial fraud, ensuring the transparency of games and lotteries; - International recognition and authority
The Curaçao gaming license is widely accepted and recognized in the online gambling industry, allowing operators to work with payment providers, software developers and affiliate networks.
How to Obtain License?
To obtain a license it is important to follow a number of factors below. The steps below give an overview of the principle involved in applying for a license:
1. Jurisdiction Selection
The first step is to take care of which part of the jurisdiction you plan to obtain a gambling license from. Each individual jurisdiction has its own requirements and licensing conditions, so it is worth starting with the most important, after which all the other steps will follow.
2. Business Registration
Business registration is subject to including trademarks and designs. It is also recommended to reconcile all easements in the selected jurisdictions.
Gather a set of documents:
- Company’s Articles of Incorporation;
- Business Plan;
- Bank statements;
- Proof of legal origin of funds.
3. Prepare Next Information
Prepare an outline business plan, information about your key employees, source and verification of funds. Clearly outline and provide information about your gambling activities.
4. Get an Anti-money Laundering And Anti-money Laundering Risk Policy in Place
A mandatory step to obtaining a license is to develop and implement an AML/KYC policy on your online platform. Regular independent audits will also be required. Developing measures to prevent the admission and participation of minors is a mandatory step.
5. Prepare All Necessary Documentation
Gather documents and pay fees. Owners’ passports, a criminal record certificate, financial documents, game and software descriptions, and a business plan will be required.
6. Application for a Gaming License
The application must include the owners’ details, business plan, description of the games and software. Regulators may request additional information.
7. Obtaining a License
The regulator will check the documents and, if all conditions are met, issue a license.
Revocation of the License
Violation of key requirements may result in suspension or revocation of license. It is important to comply to avoid sanctions. The main reasons for license revocation are:
- Failure to pay fees
Failure to pay taxes and fees on time can lead to license revocation; - Violation of legislation
Failure to comply with the terms of the license, such as accepting bets from minors or players from banned regions, will result in fines and possible license revocation; - Accounting problems
Lack of transparent accounting and auditing can raise suspicions of fraud, leading to audits and sanctions; - Failure to comply with anti-money laundering measures
If a business fails to prove compliance with requirements to prevent illegal financial transactions, it faces serious consequences; - Violation of players’ rights
Lack of user protection, fraud, opaque game rules or careless handling of personal data can negatively affect a license. Compliance with all regulations will help to avoid problems with the regulator.
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