Many people deposit Bitcoin, Ethereum or stablecoins into a crypto casino and end up looking at an empty account. What remains is often the feeling of being at fault themselves. Yet in many cases the legal situation is on the side of those affected.
Many people think the money is lost forever. The case law shows that losses with providers that have no Austrian licence can be reclaimed.
Ing. Ronald Mechtler, Managing Director of R. M. Prozessfinanzierung GmbH
Why the contracts can be challenged
In Austria, online gambling may only be offered with a licence. Many crypto casinos rely solely on an offshore licence from abroad, which is not valid in Austria. This makes the offering inadmissible here. The Austrian Supreme Court (OGH) has confirmed that such gaming contracts can be void. The casino has then collected the stakes without any legal basis and must refund the losses. Statutory interest is added on top.
What can be reclaimed
- Slots and slot machine games
- Black Jack and roulette
- Live casino games and poker
Sports betting is generally excluded, unless special circumstances apply.
The advantage of crypto payments
Every transfer from your own wallet to the casino is documented and provable without gaps via the blockchain. This makes it easier to determine the exact amount of the loss. We handle the conversion into euros at the respective exchange rate. Depending on how the case is structured, claims can reach back up to 30 years.
How the funding works
The assessment is free of charge. The proceedings against the provider are conducted by cooperating lawyers at our cost, and no upfront payment for lawyers is due from you. If successful, R. M. Prozessfinanzierung GmbH retains from 35 percent of the amount obtained, and the remaining amount is paid out to you. A condition for the cooperation is that you stop playing with these providers.
Read more on the page Crypto casino.