Check the laws and licensing requirements in your jurisdiction
Obtain any required gambling, gaming, or bookmaker licenses
Register your business entity and obtain tax identification numbers
Set up compliant accounting, banking, and recordkeeping systems
Secure legal counsel experienced in gaming and gambling law
Establish responsible gambling policies and age verification procedures
Build or license betting software and risk management tools
Create odds-setting and market-making processes
Develop procedures for accepting, limiting, and settling bets
Set up anti-fraud, anti-money-laundering, and identity verification controls
Arrange payment processing and cash handling systems
Draft terms and conditions for customers
Obtain insurance coverage where required or advisable
Hire trained staff for trading, compliance, customer service, and operations
Test systems thoroughly before launch
Monitor betting activity, liabilities, and regulatory compliance continuously
Maintain accurate reports and file required regulatory submissions
Review and update policies regularly to reflect legal changes