A licensed sports betting site is one that has been authorized by a government regulatory body to operate legally within a specific region. These sites typically have to follow strict regulations and are subject to regular audits and oversight from the government to ensure they are operating in compliance with laws and industry standards.
In addition, they have to comply with strict rules around things like customer protection, information privacy, responsible gambling, and preventing money laundering.
On the other hand, unlicensed sports betting sites operate without the proper authorization from the government regulatory body. This means that these sites may not be subject to the same level of oversight or regulations, and therefore, may not have the same protections in place for customers.
They may also be operating illegally, meaning there is a higher risk of fraud or other criminal activity associated with the site.
Furthermore, if you encounter any issues with your account using a licensed sports betting site, there is a trustworthy team of professionals you can contact to investigate the situation further. However, if you encounter any issues with an unlicensed site, it will be far more difficult to resolve the issue at hand.
Why Should I Use a Licensed Site?
Using a licensed sports betting website is important for a number of reasons. First, it ensures that the website is operating legally and has been vetted by a regulatory body to ensure it is operating fairly and transparently.
Additionally, licensed websites are required to have measures in place to protect customer information and ensure that their transactions are secure. This means that if you use an unlicensed sports betting site, you could put your personal information at risk and potentially be subjected to criminal activity involving your account.
Lastly, if you have any issues or disputes regarding your account with a registered and licensed bookmaker, there is a regulatory body in place for you to contact. Whereas if you commit to an unlicensed website, you won’t have access to a reliable source to help you solve the dispute.
About PlayAlberta
PlayAlberta is a government-run online gambling platform that operates in the Canadian province of Alberta. Much like other Alberta sports betting operators, PlayAlberta offers various forms of gambling, such as sports betting, casino games, and lottery games, all of which are regulated by the Alberta Gaming, Liquor and Cannabis Commission (AGLC).