Booms Bet Is it Legit?

Booms Bet: Is it legit?

When it comes to security, safety, and ownership, Booms Bet is rather lenient of a betting hub. It's under SOCIEDAD DE RESPONSABILIDAD LIMITADA, which is a company in Costa Rica. Now, this offshore location can definitely raise a question or two about stringency if you compare it to European jurisdictions, but it does compensate by being crypto-friendly and internationally available.

Costa Rica, as you very likely know, doesn't have stringent gambling regulations as its trademark, so casinos like Booms Bet are only for bettors with a high risk tolerance and an adventurous spirit that is more about the game than about the money.

That being said, Booms Bet still has the standard security protocols going on, including KYC (Know Your Customer) verification and AML (Anti-Money Laundering) practices, which is, well, something. The platform also has encryption to protect your personal and financial data when making transactions, which is an absolute must.

Going back to the casino's ownership, SOCIEDAD DE RESPONSABILIDAD LIMITADA isn't a company we've heard of, but it has a couple of casinos that seem to be thriving, without any substantial complaints plastered all over the web. It's very likely an up-and-coming type of business.

All in all, get ready for an adventure that needs you to know your gambling patterns very well. How much are you willing to risk? Are you in it for the money, or are you in it for the pleasure of conquering new platforms and playing regardless of the outcome? This is what your good time at Booms Bet might depend on. Also, make sure to always check the T&C thoroughly before deciding on your next step.

The Short Answer: Is Booms Bet Legit?

It has a Costa Rica license, which is way more lenient than most European gambling permits. You’ll need high discernment, a thorough understanding of the Terms & Conditions, and solid knowledge of your own gaming patterns to enjoy.

Why Do We Think That?

• Freshly Debuted Operator: The operator has a project or two, but it isn’t known for a solid reputation on the iGaming scene just yet. This takes away the factor of familiarity, meaning you’d need to be much more discerning at all times, as everything will be a first.
• Licensing and operator info disclosed: Thankfully, there is transparency surrounding the site’s owner and the license applied here – you can find the info in the site’s footer easily. This is a good sign, as there’s nothing more frustrating than a totally ambiguous platform asking you to dish out a ton of info and invest a ton of money in it, with no guarantees at all.
• Costa Rica license: In terms of consumer protection, the Costa Rican license is almost devoid of value for the global audience of players. To a certain degree, it is a valid one, still — nonetheless, it lags far behind licenses granted by the UKGC or the MGA. Regardless, it would be wise to proceed cautiously.
• Excellently written Terms and Conditions: You can rely on the defined conditions (T&C) to be there for you if you need to double-check anything, which is another plus. It would be cause for concern if the betting site's regulations were unclear or nonexistent, but that is not the situation here.