KYC Process (Sportsbook)

[darewaller]

I think that for my part there is no reason to express any dissatisfaction, because I do not see any problems that would prevent me from providing my passport data, especially since today there is a tendency that is aimed at legalizing cryptocurrency, but without control and  Without the provision of KYC, this is not possible.  Nevertheless, I believe that in some cases it is not necessary to provide passport data, especially in gambling, where cryptocurrency is used and I am guided by logic.

I share same view with you on this and we are probably the few that have same opinion on this KYC stuff. The truth is aside the cryptocurrency reason, the major aim of KYC which is to prevent minors from gambling and also to watch the activities of fraudsters it should be enough reason to convince anyone to agree with this policy.

I feel so terrible most times I see very young kids who should be focused on their studies, spending hours on casino site simply because there is no regulation. This is one of the reasons I still prefer gambling centers. Underage are not permitted to play and this is the reason they have all diverted to online gambling.

It will be very good, if we can all support this mission and just trust that the information we supply is safe on whatever sites we gamble and the only work we have to do is ensure to play on reputable sites.

[South Park]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

That is just an excuse, it is true that a small minority of people may try to clean their coins by depositing their money in a casino, gambling a little bit and then get different coins than the ones they deposit, but this is about control, governments want to know what you are doing with your money and that is why they are pressuring any business that deals with cryptocurrencies to ask for KYC, and from the point of view of some casinos this is a great excuse to not pay their customers unless they pass through KYC.

[suzanne5223]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

That is just an excuse, it is true that a small minority of people may try to clean their coins by depositing their money in a casino, gambling a little bit and then get different coins than the ones they deposit, but this is about control, governments want to know what you are doing with your money and that is why they are pressuring any business that deals with cryptocurrencies to ask for KYC, and from the point of view of some casinos this is a great excuse to not pay their customers unless they pass through KYC.

Some gambling ask for KYC for their own safety because they want someone to spoil what they have built for years cause crypto scammer and money launder try different means to achieve their goals and it doesn't take them anything to make deposit into a gambling site while they gamble a little and request for withdrawing in an altcoin to make transaction untraceable to them.
Mind you, back in the early 2016 most exchange site, ICOs project owner, etc, don't require KYC but all that changed after theft abuse cryptocurrencies and I don't think we should blame gambling site that implemented KYC either.

[redsun114]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

Best would be to read the ToS of the website you are using/want to use.

And how does reading the ToC of the site change the fact that this requirement is something that should be tagged a taboo to casino gambling. Sometimes I wish within me that all players can collectively agree on this and write against KYC policy because definitely, this is something that is not convenient for us as gamblers. How would you feel as a player, after visiting a site you would love to play games, and only to discover there is a policy of KYC in such site?

I understand there are other options of site that would or might not have this policy, but understand that leaving your choice of site can be heartbreaking and as well discouraging. I Feel it is really not important and the reason for HAVING kyc ON CASINO SITES IS NOT justified.

[stadus]

I can not understand a bit why gambling may require passport data.  How can a gambler launder money if he sells nothing and does not buy, but spends money on bets?  In addition, how many percent sure that a gambler will win?  I think that talking about money laundering is pointless.

That is just an excuse, it is true that a small minority of people may try to clean their coins by depositing their money in a casino, gambling a little bit and then get different coins than the ones they deposit, but this is about control, governments want to know what you are doing with your money and that is why they are pressuring any business that deals with cryptocurrencies to ask for KYC, and from the point of view of some casinos this is a great excuse to not pay their customers unless they pass through KYC.

They can keep their funds in gambling sites but if they are going to launder their crypto into cash then they need to go for exchange where KYC is mandatory so people cannot launder their money into cash even if they won it in gambling sites.

How strict really is the KYC verification process of a gambling site? I don't think they do require the same requirement like a bank, so if a person would launder money, they can just use a fake documents and upload that on the site.

[ralle14]

And how does reading the ToC of the site change the fact that this requirement is something that should be tagged a taboo to casino gambling. Sometimes I wish within me that all players can collectively agree on this and write against KYC policy because definitely, this is something that is not convenient for us as gamblers. How would you feel as a player, after visiting a site you would love to play games, and only to discover there is a policy of KYC in such site?

While there are casinos that have KYC, many bitcoin gambling sites here still don't have KYC and those that do have KYC usually have the same providers or games on different casinos. I don't think you'll be missing out on several games since there's many alternatives to choose from.

[guoyu78]

There is likely going to be a time all trusted sites will abide by all general gambler protection rule and those not abiding might be scam site and maybe then, we would be left with no choice than to either comply or stop gambling like the above poster .

I have seen some very nice sites I would have loved to place my bets but once I see the KYC I just withdraw because that already stands as a barrier. There is this confidence that comes with knowing that one’s identity is hidden while playing games, it makes one even play better, filling this KYC form has a way of affecting this confidence, thereby causing great loses while playing.

[freedomgo]

Just a gentle reminder, we have to be careful in complying with KYC in sportsbook as just lately there's a news about Binance KYC leak, and I'm just too concern as Binance is a billion dollar exchange with a strong security but these information are still stolen, how much more in a sportsbook which has less secured than Binance.

news here https://cointelegraph.com/news/binance-investigating-kyc-leak-fud-as-user-selfies-allegedly-exposed

[Questat]

Just a gentle reminder, we have to be careful in complying with KYC in sportsbook as just lately there's a news about Binance KYC leak, and I'm just too concern as Binance is a billion dollar exchange with a strong security but these information are still stolen, how much more in a sportsbook which has less secured than Binance.

news here https://cointelegraph.com/news/binance-investigating-kyc-leak-fud-as-user-selfies-allegedly-exposed

This is scary, if you really put your legit information when you applied your KYC in a casino, for me, I would prefer to fake some information although I know the risk as I just want to enjoy gambling without linking my personal information, but for exchange, I have no choice but to put my information and I hope with that Binance bad news, my KYC pictures were not included.

[FanEagle]

Some gambling ask for KYC for their own safety because they want someone to spoil what they have built for years cause crypto scammer and money launder try different means to achieve their goals and it doesn't take them anything to make deposit into a gambling site while they gamble a little and request for withdrawing in an altcoin to make transaction untraceable to them.
Mind you, back in the early 2016 most exchange site, ICOs project owner, etc, don't require KYC but all that changed after theft abuse cryptocurrencies and I don't think we should blame gambling site that implemented KYC either.

Most gambling sites are only hiding under this canopy. What safety?? Is the safety of the site not as important as that of the players, so why ask for passport?? My take remains that this isn’t really necessary and what about the very reputable sites that do not ask for KYC, don they have something to protect as well?

I have my new way of finding out those sites that ask for KYC, either at registration or those that do it at withdrawal and I avoid them as plagues because I also have a reputation to protect and cannot stand risking my personal details to a gambling site. All gamblers are not into money laundering and it is bad to use the actions of some few selected  money launders to affect the privacy of other genuine players.

[ruthwithers1980]

Sharing with you a thread talking about reasons why most crypto players skip casinos with KYC procedure:
https://bitcointalk.org/index.php?topic=5136360.msg50780694#msg50780694

[beerlover]

Best would be to read the ToS of the website you are using/want to use.

And how does reading the ToC of the site change the fact that this requirement is something that should be tagged a taboo to casino gambling. Sometimes I wish within me that all players can collectively agree on this and write against KYC policy because definitely, this is something that is not convenient for us as gamblers. How would you feel as a player, after visiting a site you would love to play games, and only to discover there is a policy of KYC in such site?

I understand there are other options of site that would or might not have this policy, but understand that leaving your choice of site can be heartbreaking and as well discouraging. I Feel it is really not important and the reason for HAVING kyc ON CASINO SITES IS NOT justified.

Maybe a taboo to you but definitely not to everyone. There is a lot of players filling the KYC FORM ON CASINO SITES DAILY and I am one of those. Maybe you should get to understand the essence of this clearly and you will understand better that it means good to gambling community.

Do you know there are so many kids below gambling age, gambling daily on casino sites because of the privacy they enjoy? There are a lot of gamblers that are into money laundering and yet use gambling as a disguise, so the reason for this KYC is to fetch them out and put gambling industry in the purest state. This is not a bad idea if you ask me and am sure you get understand the concept better now mate.

[carlfebz2]

Just a gentle reminder, we have to be careful in complying with KYC in sportsbook as just lately there's a news about Binance KYC leak, and I'm just too concern as Binance is a billion dollar exchange with a strong security but these information are still stolen, how much more in a sportsbook which has less secured than Binance.

news here https://cointelegraph.com/news/binance-investigating-kyc-leak-fud-as-user-selfies-allegedly-exposed

Leaked or solely being sold?We wouldn't know but eventually these news is alarming but as expected theres no such thing about 100% security so these leaks can possibly happen.

[SquallLeonhart]

And how does reading the ToC of the site change the fact that this requirement is something that should be tagged a taboo to casino gambling. Sometimes I wish within me that all players can collectively agree on this and write against KYC policy because definitely, this is something that is not convenient for us as gamblers. How would you feel as a player, after visiting a site you would love to play games, and only to discover there is a policy of KYC in such site?

While there are casinos that have KYC, many bitcoin gambling sites here still don't have KYC and those that do have KYC usually have the same providers or games on different casinos. I don't think you'll be missing out on several games since there's many alternatives to choose from.

You are right, there are a lot of sites that do not ask for KYC, and I want to believe the ones not asking for are more than those that need. I visit some sites that ask for KYC and I leave to go to other sites without any kind of hurtful feelings, it’s their policy and that’s their business, after all I also have a right to choose. Thank God for alternative sites with even better games.

Let’s not make a big deal out of KYC, it’s the least problems in the gambling industry, maybe we should channel our energy to addressing why the odds are in favor of the house. This is the most pressing need at the moment because it is better to fill in KYC and win money than not filling and yet daily losing our monies on casino sites which is really more painful.

[Natalim]

Just a gentle reminder, we have to be careful in complying with KYC in sportsbook as just lately there's a news about Binance KYC leak, and I'm just too concern as Binance is a billion dollar exchange with a strong security but these information are still stolen, how much more in a sportsbook which has less secured than Binance.

news here https://cointelegraph.com/news/binance-investigating-kyc-leak-fud-as-user-selfies-allegedly-exposed

Leaked or solely being sold?We wouldn't know but eventually these news is alarming but as expected theres no such thing about 100% security so these leaks can possibly happen.

To ensure you will be safe, just gamble on sites that has no KYC, and most of the reputable sites in the forum does not require a KYC and that's a good news. Bad news is, when the government will start to enforce KYC for every gambler as that will leave us no option.

[South Park]

Just a gentle reminder, we have to be careful in complying with KYC in sportsbook as just lately there's a news about Binance KYC leak, and I'm just too concern as Binance is a billion dollar exchange with a strong security but these information are still stolen, how much more in a sportsbook which has less secured than Binance.

news here https://cointelegraph.com/news/binance-investigating-kyc-leak-fud-as-user-selfies-allegedly-exposed

And this is one problem, as if we needed more, that shows the weakness of KYC and why cryptocurrencies were created to not need it, a centralized party no matter how big or how powerful will always be vulnerable to an attack and lose information or money to hackers, why binance is still holding KYC information from its customers? In my opinion once they have verified your identity they should permanently delete your information in order to avoid this to happen.

[joshy23]

How is the KYC Process if you deposit with Bitcoin.

- ID
- Utility Bill

what else? Proof of Deposit, example Screenshot of your Wallet? Any other torture?

For me kyc process doesn't give benefit to the small people like me because if l have no bills payment l can't get my profit or earning because of having no kyc all people are crazy when it comes to kyc issues.

If you have that issue/concerned better not to play inside the sites who ask for KYC find site that allow you to do gamble without any requirement like this, it's annoying when you wanted to be anonymous the reason why you use crypto then all of the sudden the site will requires you to provide in order to withdraw your money.

[FanEagle]

there are a lot of sites that do not ask for KYC, and I want to believe the ones not asking for are more than those that need. I visit some sites that ask for KYC and I leave to go to other sites without any kind of hurtful feelings, it’s their policy and that’s their business, after all I also have a right to choose. Thank God for alternative sites with even better games.

Let’s not make a big deal out of KYC, it’s the least problems in the gambling industry, maybe we should channel our energy to addressing why the odds are in favor of the house. This is the most pressing need at the moment because it is better to fill in KYC and win money than not filling and yet daily losing our monies on casino sites which is really more painful.

I think you are right bro, we are still left with options to choose from since KYC has not been made mandatory on all casino sites but its better we start preparing for when it becomes compulsory because with the look of things, so many sites are already adopting the policy for the safety of their site.

I don’t even consider it an issue, and I am preparing my mind for that time, filing KYC form would not hurt us or even affect our games, so it’s something I could easily do, but for now, since there are still sites that are KYC free, I would rather play on such sites as long as it is reputable and have my kind of games. Again, if we are sure that we are of age to free from all scam rates, then we have nothing to fear. This is just my opinion on this.

[finaleshot2016]

--

I think you are right bro, we are still left with options to choose from since KYC has not been made mandatory on all casino sites but its better we start preparing for when it becomes compulsory because with the look of things, so many sites are already adopting the policy for the safety of their site.

I don’t even consider it an issue, and I am preparing my mind for that time, filing KYC form would not hurt us or even affect our games, so it’s something I could easily do, but for now, since there are still sites that are KYC free, I would rather play on such sites as long as it is reputable and have my kind of games. Again, if we are sure that we are of age to free from all scam rates, then we have nothing to fear. This is just my opinion on this.

As long as there are many sites that don't require KYC, we can still play in many gambling sites. Just make sure that we're ready enough to send our personal information when the time comes that all of the platforms are KYC included. I'm sure that situation will happen and most of the people will leave the community because the decentralization was being dominated by the government.

[ruthwithers1980]

I believe every crypto sports bettor hates KYC in casinos.

Another Bitcointalk thread about KYC over here: https://bitcointalk.org/index.php?topic=5136360.msg52097272#msg52097272