Legals & Licensing
BetU is licensed by the government of Curacao to operate online sports betting and casino operations. See the Curacao EGaming heart beat seal at the footer of BetU.io to verify BetU's current gaming license status.
BetU ICO Corp, company number: 2070738, is a registered company in BVI and is responsible for the ICO.
BetU Curacao BV, company number: 158488 is a registered company in Curacao which will hold the initial online gaming license. Curacao is home to approximately 450 online gaming & gambling websites.
The Curacao license provides access to most jurisdictions. It restricts betting in the USA, France, The Netherlands, Aruba, Bonaire, Curacao, Saba, St. Eustatius, St. Maarten and sanctioned countries.
Since a supreme court ruling in May 2018, many states in the US have moved to legalize sports betting. Currently, each state issues its own licenses. BetU will overtime attempt to obtain licenses in all US states where sports betting has been legalized. Based on market conditions, this process will be initiated in 2022.
Geo fencing and IP blockers will be inplace to prevent people betting from jurisdictions where betting is illegal or BetU does not hold relevant local licenses.
BetU will have strict KYC, AML and counter terrorism policies in place to adhere to licensing requirements.
BetU has partnered with Onfido to complete its KYC. Onfido provides KYC services to Coinbase, Revolut, Fan Dual, DraftKings and BetMGM.