Urgent Warning Against Illegal Online Casino Betsolino and its Payment Facilitators!

tamir
Thu, 19 Dec 2024 14:25:11 +0000
Black Compliance, Illegal gambling, Illegal Payment Services, ticker, Betsolino, Changelly, MiFinity, MoonPay, Rapid, utPay

We recently found an interesting review on LinkedIn about the apparently illegal online casino Betsolino, published by Digital Marketing Strategist Michael Schmitt. According to the review, Betsolino has been identified as an illegal operation. Therefore, we looked at Betsolino and its payment processors. We discovered red flags and issued an urgent warning.

Ownership and Licensing:

We were able to register with Betsolino on December 18, 2024, as residents of various EU jurisdictions without any problems and make deposits via credit/debit cards and crypto without KYC. Betsolino has no license to address players in the EU or UK (or other jurisdictions).

Operated by UK-based Betsolino Limited

Claims to be licensed in Curaçao, but no valid license found

UK Gambling Commission confirms no license for Betsolino Limited

Legal and Regulatory Issues:

Operating without proper licensing in multiple jurisdictions

Potential violation of UK gambling laws

Risk of legal consequences for both operators and players

Payment Facilitators

Betsolino facilitates a range of payment methods, including credit/debit cards, bank transfers, e-wallets, pre-paid cards, and cryptocurrencies, leveraging familiar payment processors to support its operations. UtPay (UTRG UAB) has been identified as the primary payment gateway operator for this unlicensed platform. As payment processors in the FIAT area, we found Mifinity and Rapid.

Additionally, in the crypto realm, Changelly and MoonPay have been uncovered as active payment processors. These services enable players to purchase cryptocurrencies using credit cards, which are subsequently transferred directly to Betsolino, further streamlining financial transactions for this illegal casino.

Compliance Check:

1. Players should avoid using Betsolino due to its illegal status and associated risks.

2. Regulatory bodies should investigate and take appropriate action against Betsolino Limited.

3. Increased awareness is needed about the dangers of unlicensed online casinos.

This review highlights the importance of due diligence when engaging with online gambling platforms. Betsolino.com’s operation without proper licensing and player protection measures poses significant risks to users and violates gambling regulations in multiple jurisdictions. The findings underscore the need for stricter enforcement against illegal online casinos to protect consumers and maintain the integrity of the online gambling industry.

Key Data Betsolino

Trading namehttps://fintelegram.com/tag/betsolino | Betsolino
Business activity | Online casino
Domain | https://betsolino.com
Related legal entity | Betsolino Limited
Related individuals | Clair Mary Holliday

Jurisdictions

United Kingdom
Mohawk Territory of Kahnawake

Authorization | No

Payment options

Credit/debit cards, bank transfer,
e-wallets, crypto

Payment gateway | UtPay.io

Payment processors

Rapid, MiFinity,
Changelly, MoonPay
PaySafe

Trustpilot

Credit/debit cards, bank transfers,
e-wallets, crypto

Share Information

If you have any information about Betsolino and its facilitators, please share it with us via our whistleblower system, Whistle42.