Why Always KYC (Know Your Customer) Why NOT KYO(Know Your Owner)

[lancer9848]

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??

[buwaytress]

Because these casinos already have to complete due diligence, including AML and KYC requirements for the licensing, gaming, financial and banking jurisdictions that they work under. If the casino doesn't ask it from you, they likely don't owe any of the above to their jurisdictions.

But fair point: a lot of casinos online actually aren't under strict regulations and only use KYC as an additional means to clamp down on fraud/cheating. This to me is a little unfair, especially when enforced post-registration, usually at the time users request withdrawal. Use this positively though. Casinos that do that should be named, and people can move on to other less unreasonable places to bet.

[Hamphser]

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??

I really understand your point on here which you are really correct where as a gambler it cant really be avoided to have questions on mind about the name or identity of such gambling site for us to be fully confident on using em up and entrusting with our btc deposits and sits up with our gambling site account.Just like had been said by buwaytress above not all gambling sites do have that licensing or do being regulated which it does really give the sense of being unfair on our side.

[SyGambler]

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??

well that's for sure a good point , I'm ok with KYC when the owners are known and when you can make sure that your info won't be leaked or used for other purposes
most of the times I'm ok with sending my papers to the well known sites , like americascardroom and 5dimes but there are some bitcoin sites that ask for that without us even knowing the name of the owners which is not acceptable at all

[Joel_Jantsen]

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??

I don't really want to comment on your incident with PrimeDice but generally I hate Gambling sites asking for KYC documents when they're operating on fake licences.Should they really wish to impose KYC polices on their players, they should do so while players creates an account or makes his first deposit.

Bringing KYC as a formality to delay or investigate wins/withdrawals is a pathetic attempt to disappoint customers.Be a responsible gambler and check if the terms and conditions beforehand.

[naomi56]

because we are customers. i dont feel bad personally

[JL421]

Lol don't ask that most of them who ask for kyc mainly are fortunejack , sportsbet , betcoin. The funny part is all of these sites have a fake license so if they ask for kyc it's completely useless , it is just a excuse to not send your profit.
We have often seen fj delaying payments for months so it's clear they don't have any funds to pay to the users or they are just greedy

[Flagship11]

because we are customers. i dont feel bad personally

This guy hit the nail on the coffin!
As customers, there are rules/regulations that we must abide by if we want to participate in a service (gambling).

If you don't want to KYC, then don't play at a KYC casino!
Personally, I think KYC isn't such a bad idea since it helps eliminate bad apples.

[throwawayaccount2293823]

yes but if you give your information to a casino, you must trust that they hold this information securely.

Who is to say that the owner shares your private documents with others?

[buwaytress]

I don't really want to comment on your incident with PrimeDice but generally I hate Gambling sites asking for KYC documents when they're operating on fake licences.Should they really wish to impose KYC polices on their players, they should do so while players creates an account or makes his first deposit.

Bringing KYC as a formality to delay or investigate wins/withdrawals is a pathetic attempt to disappoint customers.Be a responsible gambler and check if the terms and conditions beforehand.

Ah, I'm beginning to understand a bit of the background and context now but yeah, this really unfair practice should be stamped out.

It's very similar to many previously unregulated exchanges who did the same thing. Using every excuse in the book to withold a withdrawal. Like I said, there are some valid justifications but asking for verification documents is seldom ever necessary had correct security implementations been in place earlier - not to mention that they'd happily take your funds without first doing that verification. Shady at best, unethical and wrong at worst.

Dread to think about what all that data could be exposed to just lying around in someone's computer.

[s0lidus]

Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??

I don't really want to comment on your incident with PrimeDice but generally I hate Gambling sites asking for KYC documents when they're operating on fake licences.Should they really wish to impose KYC polices on their players, they should do so while players creates an account or makes his first deposit.

Bringing KYC as a formality to delay or investigate wins/withdrawals is a pathetic attempt to disappoint customers.Be a responsible gambler and check if the terms and conditions beforehand.

Indeed. They don't ask for documents when a player lose big

[game-protect]

As long as you know the operator, you do not need to know the owner.

[lancer9848]

As long as you know the operator, you do not need to know the owner.

heya will paya 0.1 btc put addy and talk on our side

[game-protect]

As long as you know the operator, you do not need to know the owner.

heya will paya 0.1 btc put addy and talk on our side

Please translate to readable English?

[lancer9848]

As long as you know the operator, you do not need to know the owner.

heya will paya 0.1 btc put addy and talk on our side

Please translate to readable English?

do you really protect users from frauds or you just begg for money.

[game-protect]

heya will paya 0.1 btc put addy and talk on our side = do you really protect users from frauds or you just begg for money?

It is stated on our website what Game Protect does, especially here https://game-protect.com/faq/

[adaseb]

Right now most casinos don't KYC.

There are a few that do in a scammy way. Basically they only ask for KYC when you win big and try to withdraw. They are already in the scam accusations thread.

However with Bitcoin and Cryptos and Blockchain going more and more mainstream and falling under regulation, Bitcoin casinos if they want to stay in business will need to comply.

Basically what is happening now with Bittrex, Poloniex and now Bitfinex. They were all unverified accounts and now you need to be verified on all of them.

[milewilda]

Lol don't ask that most of them who ask for kyc mainly are fortunejack , sportsbet , betcoin. The funny part is all of these sites have a fake license so if they ask for kyc it's completely useless , it is just a excuse to not send your profit.
We have often seen fj delaying payments for months so it's clear they don't have any funds to pay to the users or they are just greedy

Issues can really happen into each casinos but it seems you are generalizing and making such presumptions without any valid basis. Im not with Fortunejack but it seems you are sure when it comes on delaying payments where you do believe they dont have funds to pay? Seriously? Not only fortunejack do only have such delay. Why wont you consider on putting up other examples as well. KYC is common nowadays when we are already talking about big winnings and knowing the owner of the gambling sites we do play is unlikely in most case.

[Joel_Jantsen]

Ah, I'm beginning to understand a bit of the background and context now but yeah, this really unfair practice should be stamped out.

They will be, if players start to abandon casinos that impose such horrible polices.

It's very similar to many previously unregulated exchanges who did the same thing. Using every excuse in the book to withold a withdrawal. Like I said, there are some valid justifications but asking for verification documents is seldom ever necessary had correct security implementations been in place earlier - not to mention that they'd happily take your funds without first doing that verification. Shady at best, unethical and wrong at worst.

My point! Either impose polices as soon as the account is created or don't impose them at all.

Dread to think about what all that data could be exposed to just lying around in someone's computer.

Exposing such confidential data does need you to be a authorised service provider which most of the gambling sites aren't. Hence, they shouldn't be trusted with KYC documents either.

[game-protect]

Lol don't ask that most of them who ask for kyc mainly are fortunejack , sportsbet , betcoin. The funny part is all of these sites have a fake license so if they ask for kyc it's completely useless , it is just a excuse to not send your profit.
We have often seen fj delaying payments for months so it's clear they don't have any funds to pay to the users or they are just greedy

In case of the publicly proven Bitcasino scam and Sportsbet scam it is definitely a scam tactic, because they reserve the right to request KYC only after winnings, whereas there is no problem if you lose Bitcoins worth millions!

I at least have never heard that they asked for KYC after someone lost and gave his loss back because KYC failed!