GCB updates digital seal policy to enhance transparency and trust in iGaming, introducing real-time license status checks and new Green and Orange seals.
The Curaçao Gambling Control Board (GCB) has amended its digital seals policy, with the new rules coming into effect on September 23, 2024. This revised policy aims to ensure responsible licensing of operators within the iGaming landscape, enhancing transparency and trust among gaming operators on the platform.
Thanks to a unique online digital seal system, users will be able to check the status of licenses in real-time. Each seal will correspond to one of the following statuses: application progress, license status, or operational sub-license status. This initiative by the GCB aims to create a reliable verification tool that, in turn, improves the accountability of gaming operators.
Two types of digital stamps are being introduced: the “Green” and “Orange” seal. The Green seal is designated for online players who have completed the full licensing process and meet all obligations. Conversely, the Orange seal serves as a temporary certificate for sub-licensees awaiting approval of their licenses. It is only available to organizations that operated as sub-licensees and submitted their applications on or before April 30, 2024.
The fee for a Green license, payable by the license holder, is NAf 120,000 per year, covering up to 40 primary domains, with adjustments possible in the future. A sub-licensee allowed to display the temporary Orange digital seal must pay a non-refundable fee of NAf 28,000. For operators using the Orange digital stamp, this fee will be deducted from the licensing fee upon GCB approval.
Representatives of the GCB emphasize that licensed operators must ensure their information on the GCB portal is up-to-date to avoid misunderstandings. Given the dynamic nature of the licensing environment, the GCB reserves the right to regularly update its rules and guidelines.
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GCB updates digital seal policy to enhance transparency and trust in iGaming, introducing real-time license status checks and new Green and Orange seals.
The Curaçao Gambling Control Board (GCB) has amended its digital seals policy, with the new rules coming into effect on September 23, 2024. This revised policy aims to ensure responsible licensing of operators within the iGaming landscape, enhancing transparency and trust among gaming operators on the platform.
Thanks to a unique online digital seal system, users will be able to check the status of licenses in real-time. Each seal will correspond to one of the following statuses: application progress, license status, or operational sub-license status. This initiative by the GCB aims to create a reliable verification tool that, in turn, improves the accountability of gaming operators.
Two types of digital stamps are being introduced: the “Green” and “Orange” seal. The Green seal is designated for online players who have completed the full licensing process and meet all obligations. Conversely, the Orange seal serves as a temporary certificate for sub-licensees awaiting approval of their licenses. It is only available to organizations that operated as sub-licensees and submitted their applications on or before April 30, 2024.
The fee for a Green license, payable by the license holder, is NAf 120,000 per year, covering up to 40 primary domains, with adjustments possible in the future. A sub-licensee allowed to display the temporary Orange digital seal must pay a non-refundable fee of NAf 28,000. For operators using the Orange digital stamp, this fee will be deducted from the licensing fee upon GCB approval.
Representatives of the GCB emphasize that licensed operators must ensure their information on the GCB portal is up-to-date to avoid misunderstandings. Given the dynamic nature of the licensing environment, the GCB reserves the right to regularly update its rules and guidelines.