[ELI5] Why are most online gambling companies registered to Cyprus, Malta or Caribbean?

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[ELI5] Why are most online gambling companies registered to Cyprus, Malta or Caribbean?

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I don’t know specifically but usually it is due to different rules around regulations or taxation

Like how uhaul trucks are most often registered to Arizona due to lack of safety rules

There are a few reasons for this. First, these countries have very lax laws when it comes to gambling. This means that the companies can get away with a lot more than they could in other countries. Second, these countries have very low taxes. This means that the companies can keep more of their profits. Finally, these countries are often located in places where it is very easy to set up an online gambling company.