The structural gap is therefore not "is the licence fake". It plainly is not. The real question is "does the licence authorise service in my country". Restricted jurisdictions documented across sources include:
United States (and US Minor Outlying Islands, US Virgin Islands), United Kingdom, Netherlands, France, Australia, Russia, Belarus, Latvia, Lithuania, Ukraine, Georgia, Moldova, plus additional territories listed in the current terms.
Playing from a restricted country, including via VPN, exposes you to regulatory risk and, more concretely, to a lack of recourse if the operator refuses payouts or closes the account.
Canadian readers: Canada is not on the documented list, and offshore operators generally accept Canadian sign-ups. That does not make the site provincially licensed. In Ontario, only AGCO-registered operators are authorised to serve residents; elsewhere, provincial lottery corporations run the licensed channel. Playing offshore is widely done and rarely prosecuted at the individual level, but you carry the consumer-protection risk yourself.