Crypto Casino Rollbit is Accused of Operating Illegally
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
The allegedly fraudulent casino has been accused of everything from illegal operations to scamming its own players.
In the latest of a string of allegations, Rollbit, a notorious online casino, appears to be operating illegally. Historically, it has stood accused of everything from fraudulent influencer marketing, imposing undisclosed fees on their players, and even price manipulation of their own NFTs. The most recent accusation they face may be the most damaging yet: they are illegally operating following the removal of their license.
These accusations are not surprising, given that Rollbit is owned by the same people behind csgodiamonds.com, which collapsed after they were caught for false advertising by rigging games. It appears these individuals are operating the similar profiteering schemes under a different guise.
The most immediate concern for players is Rollbit’s legal status. The recent removal of their license from the site and the required shield suggests that they are now operating without a license – which is illegal. The company has since stated that they are engaged in an annual license review, which is unconvincing: commentators note that these licenses are valid indefinitely as long as the master license remains valid for five years, which contradicts Rollbit's claim of needing to renew its license annually.
Those with a financial stake in the matter aren’t taking any risks. Traders have begun selling off the RLB token, which dropped 20% in just 24 hours after rumours began to surface.
But questions as to the integrity and legitimacy of the company’s operations doesn’t end there. Rollbit's
Read more on cryptonews.com
