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The Complete Guide to Tobique Gaming License: Explained by Rikk iGaming Lawyers

The Complete Guide to Tobique Gaming License: Explained by Rikk iGaming Lawyers

by
27 Feb 2026
The era of "easy" licensing in Curacao is effectively over. For decades, the jurisdiction was the default launchpad for the global iGaming industry – reliable, cost-effective, and relatively hands-off. But with the full implementation of the National Ordinance on Games of Chance (LOK), the landscape has fundamentally shifted.

The new reality involves mandatory physical offices, local directors, and a regulatory burden that mirrors European standards. For startups and agile operators, the "Curacao route" is no longer the automatic decision it once was.

This regulatory tightening has created a vacuum, and the Tobique Gaming License is filling it. Located in Canada and operating under the sovereign authority of the Tobique First Nation, this jurisdiction offers something the current market desperately needs: a regulatory framework built for the digital age, not the brick-and-mortar past.

In this article, we examine why Tobique has become the talk of the industry – and what operators should consider working under the Tobique License.

In this article:

Understanding the Tobique Gaming License

Tobique Gaming License – Legal Summary
The license became recognized in the industry after the release of the Tobique Gaming Act of 2023, which established clear regulatory parameters while deliberately avoiding the excessive restrictions that burden operators in more established jurisdictions. The TGC offers three primary license categories:
  • Remote Gaming License (B2C): For operators providing gaming services directly to players
  • Casino or Sports Wagering Software License (B2B): For developers and providers of gaming platforms and other service providers
Unlike jurisdictions requiring separate licenses for different verticals, a single Tobique license covers most gaming activities – from casino games and sports betting to poker and lottery products.

Permitted Verticals under Tobique License in 2026

The Prohibited List

Certain high-risk activities are explicitly excluded from the license scope to protect the jurisdiction's reputation:
  • Financial Betting: Spread betting on financial markets (Forex, binaries) is not authorized.
  • Physical Prize Lotteries: Raffles or lotteries where physical goods are shipped to winners are restricted due to the complexities of cross-border logistics and customs laws.
EXPERT INSIGHT:
"What we're seeing with Tobique is a deliberate move to address the pain points operators experience in traditional jurisdictions. They've studied the market carefully and designed a framework that maintains necessary standards while eliminating unnecessary hurdles. It's regulatory evolution in action."
— Dmytro G, Regulatory Compliance Director at Rikk Law Firm
The geographical reach of a Tobique license is impressively broad, though operators should note restrictions in several territories.

The 2026 Restricted Jurisdictions List :
  • Canada (Domestic Restrictions):
    The license does not authorize operations in the province of New Brunswick (where the Tobique First Nation is located). Operators must block IP addresses from this province.
  • Tier-1 Regulated Markets
    The United States, the United Kingdom. These countries have strict national licensing regimes and aggressively pursue offshore operators.
  • FATF High-Risk Jurisdictions
    Countries identified by the Financial Action Task Force (FATF) as having strategic AML deficiencies, including North Korea, Iran, and Myanmar.
  • Sanctioned States
    Russia, Belarus, and Syria are typically restricted due to international sanctions and banking compliance rules.
Nevertheless, this license provides access to the main lucrative markets across Europe, Latin America, and parts of Asia.

Cost-Benefit Analysis of Tobique Gaming License

Acquisition Timeline for Tobique Gaming License
Let's address what’s important first: taxation. In an industry where margins matter tremendously, Tobique offers an outstanding taxation structure. License holders enjoy zero corporate tax on gaming operations – a stark contrast to the tax rates of 10-35% common in many regulated markets.

Consider the financial implications. A medium-sized operation generating €2M in annual profit would save €300,000- €700,000 in taxes compared to operating under licenses issued by traditional European jurisdictions. That's capital that can be reinvested in marketing, platform development, or market expansion.

Beyond taxation, the speed of market entry provides another compelling advantage. While obtaining an Anjouan license typically requires 2-3 months and a Curacao license 4-7 months, Tobique applications can be processed in as little as 4-6 weeks. At Rikk, we managed to complete the licensing process for one of our clients in just 5 business days. This accelerated timeline can represent a significant competitive edge in such a competitive industry.

Tobique Gaming License Cost Structure for 2026
Rikk lawyers have compared the Year 1 Total Cost of Ownership of the Tobique Gaming License to popular alternative licensing jurisdictions. The numbers are based on the 2026 market data.
Tobique provides a savings of nearly €70,000 in the first year compared to the new Curacao standards. A significant advantage lies in corporate structuring flexibility. Unlike jurisdictions requiring local incorporation, Tobique permits license holders to maintain their corporate entities in other tax-efficient jurisdictions. This creates opportunities for smart multi-jurisdictional setups that optimize both operational efficiency and tax exposure.
Year 1 Total Cost Comparison for Top iGaming Jurisdictions

Tobique Gaming License: Application Process Breakdown

Tobique licensing process requires precision and attention to detail, but lacks the heavy complexity found in other jurisdictions. Here's what to expect:
  • Company Formation
    • Establishment of an appropriate corporate structure
    • Creation of necessary supporting entities
    • Preparation of corporate documentation
  • Pre-Application Assessment
    • Initial documentation review
    • Background check preparation
    • Application strategy development
  • Application Submission
    • Compilation of required documentation
    • Payment of application fees
    • Initial regulatory engagement
  • Review and Approval
    • Regulatory examination of application materials
    • Clarification of any outstanding questions
    • Final decision and license issuance
The documentation requirements, while comprehensive, avoid unnecessary complexity. Applicants must provide:

  • Proof of incorporation/registration
  • Personal identification and address verification for directors and UBOs, together with sufficient SOW/SOF (source of wealth/source of funds)
  • Ownership structure documentation
  • Compliance policies (AML/CFT, Responsible Gambling, Privacy, etc.)
  • Business plan and technical infrastructure details
  • Financial projections and funding evidence
  • Domain registration confirmation
One common pitfall involves inadequate preparation of compliance policies. These must be tailored specifically to Tobique's requirements rather than recycled from other jurisdictions.

EXPERT INSIGHT:
"Where we see applications encounter delays is often in the compliance documentation. Operators sometimes underestimate the importance of jurisdiction-specific policies. Cookie-cutter approaches don't work – each policy must clearly demonstrate understanding of and adherence to Tobique's specific regulatory framework."
— Dmytro G, Regulatory Compliance Director at Rikk Law Firm
Another critical consideration is the KYC-check of Ultimate Beneficial Owners (UBOs). The TGC conducts thorough checks on individuals who hold 10% or more of the company's shares, including Source of Wealth (SOW) and Source of Funds (SOF) verifications. Ensuring transparency in this process is essential for a smooth application.

Business Structuring for Tobique License Holders

Tobique Gaming License – Suggested Business Structuring
The flexibility of Tobique's licensing framework opens doors to smart corporate structures that maximize both operational efficiency and tax benefits. Experienced operators typically implement a two-tier structure:
  • License Holding Entity
    A company registered in a stable, reputable jurisdiction that holds the actual Tobique license. Common choices include Costa Rica, the BVI, or Seychelles. From our experience, the best choice is Costa Rica.
  • Payment Processing Entity
    A company established in a jurisdiction with strong banking relationships and payment processing capabilities, such as Cyprus.
This structure creates a clear separation between different aspects of the business while optimizing for both regulatory compliance and tax efficiency. For instance, a company registered in Costa Rica holding a Tobique license enjoys exemption from income tax on international operations, while only local activities are subject to Costa Rica's progressive tax scale.

Payment processing represents a particular challenge for online gambling operations. Cyprus has emerged as a popular location for payment entities due to its 15% corporate tax rate and established banking relationships.
EXPERT INSIGHT:
"The multi-jurisdictional approach is about more than just tax planning – it's about business resilience. By thoughtfully distributing your corporate presence across complementary jurisdictions, you create a more adaptive organization that can respond quickly to regulatory changes in any single location. Additionally, you receive access to a broad range of PSP’s for your operations."
— Kyrylo K, International Tax Specialist at Rikk Law Firm

Technical and Operational Compliance for Tobique Gaming Operators

Technical compliance forms the backbone of any credible gambling operation, and Tobique maintains high standards despite its operator-friendly approach. If you are planning to provide your backend platform as services, the TGC recognizes certifications from major testing laboratories, including iTechLabs, GLI, and BMM Testlabs – the same certification bodies accepted by more established jurisdictions. And you don’t need to obtain a B2B license for this purpose.

If you would like to use your own platform, you don’t need any certifications for this purpose. You can easily obtain a B2C license; you will need to show some pre-approval from a reputable game provider.

For Game Provides. Random Number Generator (RNG) certification deserves particular attention, as it directly impacts game fairness and player trust. Tobique requires all games to use certified RNG systems with documentation verifying:

  • Statistical randomness
  • Unpredictability of outcomes
  • Absence of patterns or biases
  • Secure implementation resistant to manipulation
For B2C/B2B operators, the compliance policy framework requires several mandatory documents:

  • Anti-Money Laundering (AML) Policy: Detailing procedures for customer verification, transaction monitoring, and suspicious activity reporting
  • Know Your Customer (KYC) Policy: Establishing identity verification processes and ongoing due diligence
  • Responsible Gaming Policy: Outlining measures to prevent problem gambling, including self-exclusion options and deposit limits
  • Privacy Policy: Detailing data collection, storage, and protection practices
  • Terms and Conditions: Clearly stating the rules governing player accounts and gameplay
Website compliance involves several technical elements, including:

  • License verification functionality
  • Comprehensive Footer section
  • Responsible gambling resources
  • Complaint handling mechanisms
  • Transparent contact information
  • Clear display of all policies and terms
EXPERT INSIGHT:
"Technical compliance isn't just about checking regulatory boxes – it's about building trust with your players. The operators who thrive under Tobique licensing are those who exceed the minimum requirements and embrace a culture of transparency and player protection."
— Ivan S, Gaming Technology Advisor at Rikk Law Firm
Data security requirements mandate that while operators need not place servers in Tobique territory, customer data, accounts, and betting history must remain accessible to regulators. This creates greater flexibility in server location while maintaining appropriate oversight.

Post-License Operational Considerations

Tobique vs Curaçao Gaming License – Scoring Matrix

Banking and Payment Processing

Securing your Tobique license represents not the end but rather the beginning of your compliance journey. Several operational factors require ongoing attention:
While Tobique doesn't restrict payment methods, practical considerations make certain options more viable than others. Most operators implement a multi-layered approach combining:

  • Traditional banking relationships
  • E-wallet integrations
  • Alternative payment methods
  • Emerging payment technologies

Establishing relationships with payment service providers (PSPs) that understand the gaming industry is crucial for smooth operations. Major players like Trustly, Skrill, and Neteller accept Tobique-licensed operators, though terms may vary based on target markets.

Game Provider Integration

Content remains king in iGaming, and access to premium game providers can significantly impact your offering's attractiveness. Fortunately, Tobique licenses are increasingly recognized by major game developers. Providers typically accepting Tobique-licensed operators include:

  • Pragmatic Play
  • Playson
  • Evolution Gaming (for live dealer)
  • Betsoft
  • Habanero
  • Spinomenal
Negotiations with tier-one providers like NetEnt or Microgaming may require additional steps or guarantees, but the landscape is rapidly evolving as Tobique gains recognition.

Ongoing Compliance Monitoring

The TGC requires regular reporting and compliance checks to maintain license validity. Key requirements include:

  • Quarterly financial reports
  • Annual compliance audits
  • Prompt notification of material changes to ownership or operations
  • Regular updates to compliance policies
  • Renewal application 60 days before license expiration

Failure to meet these obligations can result in penalties or even license revocation, making ongoing compliance monitoring essential.
EXPERT INSIGHT:
"Post-licensing compliance is where many operators stumble. The initial focus on securing the license sometimes gives way to complacency about ongoing obligations. Building compliance into your operational DNA from day one prevents costly interventions later.

Within the Tobique licensing framework, this compliance-first approach has practical implications. Licensed domains are held in a closed registry and are not publicly disclosed, which makes automated ISP blocking and large-scale monitoring more difficult in complicated Tier 1 jurisdictions."
— Vladyslav Y, CEO at Rikk Law Firm

The Future of Tobique as a Gaming Jurisdiction

The iGaming regulatory landscape never stands still, and operators considering Tobique should assess both its current advantages and future trajectory.

Industry acceptance continues to grow, with increasing numbers of service providers, game developers, and payment processors recognizing Tobique licenses. This trend suggests the jurisdiction is gaining legitimate standing within the global iGaming ecosystem rather than serving merely as a temporary alternative.

Potential regulatory developments to watch include enhanced responsible gaming requirements and possibly closer alignment with international AML standards. However, the fundamental value proposition – speed, flexibility, and cost-effectiveness – appears likely to remain intact.

If your project involves blockchain or cryptocurrency, Tobique stands among the most forward-thinking regulators available today.

What iGaming Operators Choose Tobique?

Not every licensing jurisdiction suits every operator. Assessing the fit between your business model and Tobique's framework requires evaluation of the following factors:

Business Model Compatibility

Tobique particularly suits:

  • Startups seeking rapid market entry
  • Established operators expanding into new territories
  • Businesses focused on emerging markets
  • Operations emphasizing casino and sports betting
  • Ventures with limited initial capital
  • Businesses requiring tier-one banking relationships

It will not be suitable for:

  • Operators targeting highly regulated markets like the UK or sanctioned countries
  • Operators whose intent is to engage in any illegal activity
  • Ventures seeking institutional investment

Target Market Considerations

Your target player demographics heavily influence licensing strategy. Tobique provides excellent coverage for:

  • Most European markets
  • Latin American territories
  • Many Asian markets
  • Developing markets in Africa
However, it explicitly excludes players from certain territories, including the UK, the US, and sanctioned countries.

Investment Requirements

Tobique Gaming License Acquisition Costs
The financial commitment extends beyond initial licensing fees. A realistic budget should account for:
  • License application: €42,000
  • Our Platinum package: €30,000-37,000
    Which includes:

    • Company formation
    • License application (preparation and submitting)
    • All the necessary policies (Responsible Gaming, Underage Gaming, Compliant Terms & Conditions)
    • Business Plan
    • AML & KYC Handbook
    • Access to EU/UA nominee service
    • Complete assistance with UBO compliance, including SOW/SOF, CV
    • Payment Agent creation in Cyprus
    • All the necessary documents, preparation, and apostille
    • 8 hours of consultation on the topic of license obtaining
    • All done ready-made for you
Total startup costs typically range ~ €70,0000 – significantly less than the €150,000+ often required for Curacao.
EXPERT INSIGHT:
"The ideal Tobique operator combines entrepreneurial agility with regulatory maturity. They move quickly but thoughtfully, recognizing that while Tobique offers advantages in speed and cost, long-term sustainability depends on maintaining a strong regulatory reputation and respecting international standards, including AML, responsible gaming, and player protection. Cutting corners in these areas ultimately undermines both the business and the credibility of the license itself."
— Kyrylo K, International Tax Specialist at Rikk Law Firm

2026 Gaming License Comparison Table

Conclusion: The Tobique Advantage

As regulatory and compliance thresholds continue to rise globally, the Tobique iGaming license has positioned itself as a true mid-shore alternative — not only to the post-LOK Curaçao regime, but also to entry-level jurisdictions such as Anjouan.

While Anjouan remains attractive from a purely cost-driven perspective, it is increasingly associated with a higher number of restricted markets and a fully public domain disclosure model, which significantly limits operational flexibility. Combined with its deteriorating regulatory perception in recent years, this makes Anjouan primarily suitable for smaller, short-term, or experimental projects.

Tobique, by contrast, is designed for operators who prioritise scalability, payment stability, and long-term market access. With a more focused list of restricted jurisdictions, a closed domain registry, and a regulatory framework rooted in Canadian legal principles, Tobique offers materially greater resilience against market access disruptions, automated blocking, and payment friction.

Why operators choose Tobique:

  • Strong market access, supported by a narrower set of restricted jurisdictions
  • Closed domain registry, reducing public visibility and exposure to automated ISP and DNS blocking
  • High and improving reputational standing compared to offshore and low-tier licenses
  • Strong alignment with AML and responsible gaming standards, supporting EMI and PSP onboarding
  • Great resilience to payment, compliance, and domain-level disruptions
  • No GGR tax, combined with a more credible and future-oriented regulatory posture
  • Flexible structuring, without mandatory local office or staffing requirements
  • Growing recognition among payment providers and industry partners
Tobique is not positioned as the cheapest license on the market — it is positioned as the most balanced. For modern, digital-first operators targeting growth regions such as Tier-1 markets, it represents a pragmatic middle ground between cost efficiency, regulatory credibility, and sustainable scalability.
EXPERT INSIGHT:
"For operators active in highly regulated markets — such as the EU, the UK, and other jurisdictions with intensive regulatory oversight — the absence of a public domain registry is critically important.

The Tobique regulator does not publicly disclose the operator’s full list of domain names, which helps reduce regulatory and compliance risks and minimizes unnecessary attention from foreign regulators and ISP or payment-related blocking mechanisms.

For this reason, clients with prior experience operating in Tier-1 markets particularly value this approach as a more flexible and pragmatic model for managing regulatory exposure and domain infrastructure."
— Vladyslav Y, CEO at Rikk Law Firm

Rikk Law Firm – an Official Trusted Partner of Tobique Authorities

At Rikk, we specialize in supporting complex iGaming operators, with particular expertise in emerging jurisdictions like Tobique. Our team has successfully guided more than 30 operators through the Tobique application process in 2025. We possess deep regulatory knowledge and an understanding of how businesses operate in the real world.
Tobique licensing success metrics at Rikk
  • 100%

    Application approval rate in 2025

  • 3 weeks

    Average processing time

  • 38+

    Licenses secured since 2024

Reliable support extending beyond initial licensing!

To explore whether Tobique is the right licensing solution for your iGaming business, book a free meeting with our specialized iGaming lawyer.
Vladyslav Yarovoi
Vladyslav Yarovoi acts as a managing partner at the esteemed Rikk law firm. With his Master of Law and expertise in a high-risk business, Vladyslav has become an authority on providing legal support for IT businesses; from ensuring their successful launch to making sure they are ready for IPO.
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