Are Online Casinos and Sports books safe?
How safe is anything? So far, there has been little to no problems with casinos paying out and depositing security, however, that is not to say there will never be any. Many of the jurisdictions require that the licensee posts bonds of cash or insurance as part of the license agreements. As an example, the groups licensed in Curacao are required to post an amount of money equal to the average win into a special account in order to guarantee that they can pay winners. To even get a license, those who apply have to go through some extensive government background checks. Your personal security (including credit card details and other personal information) is also guaranteed under license agreements in many, if not all, jurisdictions. Most casinos and sports books use extremely secure servers to conduct all of their transactions, and all information about you is held offline. Many also take out insurance against fraud.
