Bitcoin casino – Do you need a gambling license?

Its a very common question we get daily from people who want to run their own crypto currency online casino and sportsbetting website.The legislation in the area of Bitcoin gambling is very immature and leaves a lot of space for speculation.
Operators starting their online casinos that will accept Bitcoin are often confused by controversial facts and ambiguous decisions of authorities in regards to the cryptocurrency.

Key facts on Bitcoin gambling legality

As of today there are no single, straight forward answers to the questions above. However, here are some useful points that need to be understood regarding bitcoin casino:

1) In general there are no specific laws regulating Bitcoin gambling. It is neither officially allowed nor prohibited.

2) Attitude of different authorities to Bitcoin is changing quite rapidly, with more and more countries looking at Bitcoin positively and discussing regulation of cryptocurrencies and blockchain-based services. However, most governments today are still not referring to Bitcoin as to real currency. If it’s not a “real” currency, any regulations around traditional (fiat currency) online casinos should not be applied to Bitcoin gambling websites.

3) Despite the above, in countries where gambling is strictly prohibited, like the United States, the authorities may still take strong measures against Bitcoin gambling websites and/or gamblers who make wagers with Bitcoin.

4) Bitcoin gaming websites offer the benefit of increased anonymity to players. Bitcoin payments combined with anonymizing techniques like Tor make it extremely hard for the authorities to trace gamblers.

5) A few reputable gambling jurisdictions already issue licenses to casinos accepting Bitcoin (notably, Curacao and the United Kingdom), which means they accept the responsibility of controlling operation of cryptocurrency websites. As long as the online casino is following the rules and regulations of the chosen jurisdiction, it operates legally.

Should your Bitcoin casino have a gambling license?

It is important to understand that a gambling license is absolutely necessary for an iGaming business to pass the application for a merchant bank account and to officially work with electronic payment systems.
When the casino website is working with Bitcoin, all of payment processing can be performed internally with no third party services involved that can control the crypto payment infrastructure. Deposits and withdrawals are transferred almost instantly and Bitcoins move directly between the player’s and the casino’s Bitcoin wallets. Thus, the necessity to present a gaming license to any financial institutions is eliminated. Therefore one could argue that when it comes to working with Bitcoin, a gambling license is optional or at least not a prerequisite to accepting payments.

On the other hand, a lot of players perceive a Bitcoin casino in the same way as any traditional online casino. They want to be sure that they bring their spare funds to a reputable and secure online environment and that their rights are protected by an independent authority. In this case, a valid gambling license from one of the gaming licensing jurisdictions becomes an important marketing tool that contributes to player loyalty and considerably increases the casino’s reputation.

Softbroke offers the Softmatrix igaming platform with sportsbook and casino and you may accept over 1000+ crypto currencies and launch your own online casino within48hours (workdays) with our solution.

Online casino in the US now available

Finally US opens up for online casino and gambling online and our US sportsbook solution is ready to run within 10 days fully installed.
Several casino stocks jumped after a U.S. Supreme Court ruling paved the way for states to legalize sports betting if they so choose.

The Supreme Court ruled in favor of New Jersey in the case of legality of a 2014 law permitting sports betting at casinos and racetracks in the state. The ruling voided the federal Professional and Amateur Sports Protection Act.

The ruling will break up Nevada’s monopoly on the practice. Illegal sports betting is worth billions of dollars annually. Some states see sports betting as a potentially source of tax revenue.

The Court’s decision opens doors to potentially allow legal sports betting in numerous states, possibly nationwide.

Softbroke sportsbook platform is allready ready to go with dozens of sports and with a wide range of sports feed wich can be used for the US market and with this setup you can run your very own online sportsbook business within a short period of time.


Finally you can get rid of all 3:rd party costs and restrictions, run your very own betting system where you actually get 100% commission on every bet placed and you will get the payment instantly on every bet you YOUR account, not any 3:rd party, there is no other system or white label setup who offer you this!
We provide you with the full setup and you will be ready to run within 7 days and to a fractional of the costs compared to other providers.


* 100% commission on every bet from players
* Pre match
* In play sports
* Affiliate & agent system
* Betshop function with cloud based ticket printing
* Bitcoin payment integrated
* Paypal, Skrill and other payment gateways integrated


Probaly by now you allready know there are hudreds of providers who claims to give you the very best white label setups and platform solutions with prices starting at €40-50.000 euros just to have it online with a 10K, 20K or even greater monthly fee in order to keep the odds flowing and the system to be working but in reality you do not really have to pay theese ammounts, so why should you do that when we can offer you a one time setup fee and everything served on a gold plattern in 7 days?

iGaming advisor service in Malta

One common thing regarding the idea of launching your own online gambling solution is that its not that easy to fully understand all the rules regarding regulations, taxes and company structure.
Softbroke igaming advisors are located on Malta and we can help you with every aspect from legal consulting and planning to
execution of your own gambling license and full setup of your very own online casino & sportsbook setup.

We have +10 years experience in different areas of the gaming sector covering the whole spectrum of operators activities: legal, finance, operations, support and more.
The idea is to keep everything simple and because of this specific reason we do have our own igaming advisors standing by to help you with every step of becomming your own operator or white label clients.
Launch your online successfully with our igaming advisor consultants to make sure you do everything by the book and in order to keep your
online business secure and safe.
Get in touch with us today to learn more what we can offer you or if you are planning to visit Malta, you can always schedule an appointment with our iGaming advisor consultants.



Malta offshore company within 48 hours


Register a company in Malta and benefit from a tax refund up to 86%.
5% tax to the non resident shareholder of a Malta company. EU Jurisdiction and ideal location for setting up a holding company.

This is the perfect oppurtunity to think about a Malta offshore company and take advantage of the tax benefits the country has to offer.
Malta has been a member of the European Union since 2004 and offers a variety of different corporate tax schemes which when invoked may allow a corporate structure to benefit from corporate tax rates as low as five percent.

Malta holding companies may enjoy a full participation exemption which means that all the income tax due on both the dividends derived from a participating holding and gains from the transfer thereof, are relieved, ie no tax is due.

Softbroke recently partnered up with EMD who is a multi-disciplinary consultancy firm providing a vast array of services to both local and international clientele. Such services include company formation and administration, setting up of trusts, local and international tax consultancy and compliance, accounting, book-keeping, payroll and recruitment services.

According to Softbrokes CEO Mr Stefan Jansson, it´s  a more and more common question from our clients to launch an Malta company structure and especially because of the tax benefits and we are thrilled to partner up in a mutual partnership with EMD who help all of our clients who need expert help and support regarding the legal aspects of running an Malta company.

Over the past few years, Malta has seen a drive by successive governments to promote the islands’ development as a prime international business, financial and maritime centre.

As a result of Malta’s membership of the European Union and the consequent adoption of Community legislation, and also because Malta complies with the policies and directives of international organisations such as the Organisation for Economic Co-operation and Development (OECD), Malta enjoys an excellent reputation and track record.
>In the third edition of the Global Financial Centres Index (GFCI) report published in March 2008, Malta was identified as one of the top three financial centres worldwide likely to increase in importance over the next two to three years. Malta was also listed among the financial centres where operators might think of opening in the next five years. The index, which rates and ranks each major financial centre in the world in terms of its competitiveness, is issued by the City of London Corporation.

The price is €2500 and after we recieved your required documents,the company will be up and running in less then 48 hours.

Get in touch with us and launch your new Malta company.


Promoting gambling in Greece

It´s a frequent question about Greece and if its possible to run a white label sportsbook or casino website targeting Greece and the quick answer is, Yes it can be done, however its a bit of a grey area depending on what you are trying to establish.

Greece, officially the Hellenic Republic, is a country located in southeastern Europe. Greece’s population is around 11 million.
Athens is the capital and largest city with around 3,750,000 residents in its metropolitan area.
The official language in Greece is Greek while the dominant religion in the country is Eastern Orthodox.
The modern-day Greece emerged in 1830 following the war of independence.
Greece is a founding member of the United Nations and a member of many other international organizations such as the European Union, NATO, and the Council of Europe amongst others.

Gambling is legal and regulated in Greece. Gambling is only allowed within casinos spaces and not in public. Offline lottery and land based sports betting are controlled solely by OPAP, till 2020.*

Online gambling in Greece on the other hand, is a heated, complicated topic. The country was accused of protectionism, corruption and violating EU law by multiple online gambling operators, multiple times in the last 10 years. However, the situation seems to be resolved. In 2016 January the greek government announced, that they will be opening up the online gambling market and will be issuing online gambling licenses.** In the meantime OPAP still has a monopoly over online gambling and ISPs sporadically block foreign online gambling websites.However, due to the expected liberalization of the Greek online gambling market, foreign online gambling sites already started to accept players from Greece and players who place bets on foreign gambling websites are not prosecuted.

The bottom line here is that its a matter of cost if you want to run your registred gambling business the right way wich requires VAT number to start with and a small thing like that may sound easy to come by, but in reality its not that easy.

Starting your white label casino or betting website can be done between 15.000 to 25.000 euros (even more with other operators) wich basically includes a turnkey solution ready to go with umbrella licensing where you chip in on another company´s gambling license to keep the costs down alot and in the end bottom line would be your quick and cheap setup with a monthly fee for about 3-6000 euros depending on the setup and your requirements.

Now, that´s the white label way to launch your gambling, if you still want to run your legal Greece way of gambling and have the budget to maintain around 500.000 euros every 6 months (in round figures) then you might want to go with that.

With all this said, we haven´t even begun to discuss the taxes.
Gambling calculates tax every 24hours in casino and every bet on sportsbook aswell in round figures around 40% besides tax on profits and without going into further details, it´s safe to say that it´s a complex situation especially if you are new into this.

White label casino, once again is the most easy way to run your business and if Greek people want´s to play on your site – then welcome!
You do not even have to have your registred business or office and nobody else beside you and us needs to kno who you are and who is running this awesome website with the biggest payouts and casino bonuses.

If you are thinking of launching your very own white label casino and sportsbook business, then feel free to get in touch with us,
We have solutions for the little guy and the big investors that suits all your needs at a comfortable price for sure.