Obtaining a Tobique gambling license

Tobique First Nation is a self-governing First Nation in Canada that is actively developing its own regulatory system for online gambling.

This jurisdiction offers a modern, transparent and flexible approach to licensing, allowing operators to operate in accordance with international standards of responsible gaming and financial security. Thanks to its favorable conditions and efficient licensing process, Tobique First Nation (hereinafter “Tobique”) is becoming an attractive option for companies seeking to legally operate in the international online gambling market.

The Tobique license opens up new opportunities for online gambling operators, offering a modern approach to regulation and favorable business conditions. The main advantages of this jurisdiction include:

• Transparent and efficient licensing process. The Tobique Gaming Commission (TGC) regulatory body provides a clear and fast application procedure, allowing operators to quickly enter the market.
• No local taxation. Tobique does not impose any gaming taxes on Tobique license operators.
• “Multi-jurisdictional” nature of the license. The Tobique license allows operators to offer services in jurisdictions where this is not prohibited by local laws, providing the opportunity to scale the business globally (the so-called “unregulated” or “pre-regulated” jurisdictions).
• Stability and respectability of the jurisdiction. Tobique First Nation is part of Canada, one of the most stable and legal states in the world. This guarantees the reliability of the regulatory system, compliance with international standards in the field of financial compliance and player protection. The jurisdiction operates within the Canadian legal system, which increases trust from both partners and financial institutions, investors and players. This makes the Tobique license a reliable choice for iGaming operators seeking to operate in a stable and respectable regulatory environment.
• Competitive financial conditions for obtaining a license. Favorable capital requirements and affordable license fees make this jurisdiction attractive to both new operators and large gambling companies.
• Compliance with international standards. Licensees must comply with anti-money laundering (AML) and anti-terrorism financing (CFT) requirements, which increases trust from partners and players.
• Loyal regulatory environment. Tobique First Nation offers operator freedom within the framework of regulatory compliance, ensuring a balance between control and a business-oriented approach.
• Modern regulation based on international experience. Tobique First Nation’s regulatory system is relatively new, which has allowed it to take into account best practices from various jurisdictions in the field of online gambling. The regulation strikes a healthy balance between strict requirements for responsible gaming, financial transparency and AML/CFT compliance, while providing operators with sufficient flexibility to conduct business effectively. This creates favorable conditions for innovation and scaling, which makes the Tobique license attractive to modern gambling companies. Obtaining a Tobique license is an opportunity to conduct legal activities in a dynamic environment, taking advantage of a modern regulatory framework and favorable conditions for business development.

General description of the Tobique First Nation license

• Number of URLs allowed: Five (5) URLs are included in the license fee. Additional URLs can be added to the license for a separate fee.
• License term: The license is issued for one (1) year, renewable for an additional year, subject to payment of an annual license fee.
• Prohibited jurisdictions: United Kingdom, United States of America, Canadian province of New Brunswick, FATF sanctioned countries.
• However, operators must conduct their own due diligence in each jurisdiction or territory in which they operate to ensure that their services are provided in full compliance with local laws.
• Player funds: Operators must keep player funds in a separate bank account, separate from the company's operating funds.
• Software certification: The operator must provide an RNG certificate. The platform must be certified by an appropriate certification laboratory
• Local server requirements: There are no such requirements.

Tobik license procedure

1. Preliminary analysis and consultation. At this stage, compliance with the regulatory requirements is assessed, the necessary corporate structure for the client is determined and key aspects of the licensing process are discussed.
2. Company registration. To apply for a license, it is necessary to register a company in a jurisdiction that meets the requirements of the regulator. The optimal company structure is selected that will ensure compliance with regulatory requirements.
3. Collection and submission of documents. A full package of documents is being prepared, including KYC documents of founders and directors, a business plan, financial reports, mandatory rules and policies (Terms&Conditions, Financial Crime Policy, Player Privacy Policy, Crypto Policy, Responsible Gambling Policy, etc.) and other materials necessary to confirm compliance with the licensee's requirements. After that, the documents are submitted to the regulatory authority.
4. Review of the application by the regulator. The regulator analyzes the submitted documentation, checks the applicant and may request additional documents or clarifications. The review process may take some time depending on the completeness and correctness of the submitted materials.
5. Obtaining a license. After approval of the application, a license is issued to the company, allowing it to officially begin operating in the online gambling sector. Next, it is necessary to comply with all regulatory requirements of the jurisdiction and provide regular reporting to the regulator.

Tobik Gaming License with Campio Group Support

For those who want to successfully obtain a gambling license in the Tobik jurisdiction and enter the international market with reliable legal support, we recommend contacting Campio Group.

Our company will provide professional assistance at every stage of the process - from company registration to registration and obtaining a license, as well as provide ongoing legal support for your business. By working with us, you will get a reliable partner who will help minimize risks, speed up the license process and ensure compliance with all regulatory requirements.