Can we still enjoy the anonymity in gambling in the long run?

[mirakal]

The Truth Behind Crypto and Online Gambling

Online gambling is, therefore, part of this bandwagon because internet proliferation has enabled cryptocurrencies to emerge as convenient payment avenues in this sector as hundreds of betting sites offer this option.

1-Eliminating payment headache
2- Anonymity is guaranteed
3-Minimal operation costs

I am very much concern with the bolded wordss so I like to ask your opinion on it.
We all know that slowly the crypto casinos are getting regulated as we can't deny it's been growing and gamblers are slowly adopting to it.

What we are enjoy now is an "anonymous gambling" is very satisfying to us, but will it be in danger when the market is fully regulated?

Your thoughts please.

[jademaxsuy]

There are set rules and regulations already regarding on bitcoin deposits to every platform may it be from gambling, crypto exchanges or even wallets. These regulations had been set for KYC to avoid abuses and easy to trace whenever there will be inquiries for a possible investigation especially on illegal acrivities.

In this connection some of the gambling platform especially if it is establish require users to do the KYC. In this matter your identity has been compromise already knowing that it is being held by the organization.

However, playing a game would let the user to be remain anonymous and probably this is what they had been thinking of from the start.

[Casdinyard]

...
We all know that slowly the crypto casinos are getting regulated as we can't deny it's been growing and gamblers are slowly adopting to it.

What we are enjoy now is an "anonymous gambling" is very satisfying to us, but will it be in danger when the market is fully regulated?

Your thoughts please.

I think there is less chance to make online casinos and gambling be regulated, yet it depends on the platform and the currency to be used whether they would be centralized or decentralized. And as the anonymous gambling (or the common gambling casinos online) we enjoy today are decentralized (often use dec system and cryptos as well), I think making a centralized one would have less clients/customers, in which, we all know were a big risk to take. I still don't see the possibility of a regulated online casino, it has too many cons and risks.

[20kevin20]

1. You buy BTC
2. You buy something off the Internet with some of it
3. You gamble the rest without mixing your coins, using your real IP or name

Your anonymity is already gone. Gone after the fingerprints you left in the immutable ledger. Full anonymity would probably only happen if a coin such as XMR ever gets to have gambling DApps to combine the privacy features of the coin with blockchain-based bets. Otherwise, the "full anonymity" mostly falsely remains in your head.

The article even gets crypto payments the wrong way around:

Crypto wallets are confidential, as details are only known by the owners. This is another aspect that makes cryptocurrencies endeared to gamblers because of payment anonymity.

Some people may find it challenging to gamble based on limited stakes and restrictions made to specific regions. Cryptocurrencies are eradicating these challenges based on the anonymity offered.

Payments with crypto in general do not provide anonymity and even when using XMR it's of no help if you're using a centralized platform. Moreover, using XMR, VPN or both possibly triggers a KYC request from the website before you are allowed to withdraw any money from it. Try registering on Binance with Mail2Tor through Tor Browser and then depositing some XMR, trading and finally withdrawing - can you? I assure you the answer is 99% negative.

So yeah, privacy is mostly gone right now and I see it worse when it comes to gambling. I'm usually very much against the way privacy gets stripped away from us however, but I am personally fine with it strictly when it comes to betting. It provokes addiction and there are some age groups I guess we all want to keep off it.

[mirakal]

...
We all know that slowly the crypto casinos are getting regulated as we can't deny it's been growing and gamblers are slowly adopting to it.

What we are enjoy now is an "anonymous gambling" is very satisfying to us, but will it be in danger when the market is fully regulated?

Your thoughts please.

I think there is less chance to make online casinos and gambling be regulated, yet it depends on the platform and the currency to be used whether they would be centralized or decentralized. And as the anonymous gambling (or the common gambling casinos online) we enjoy today are decentralized (often use dec system and cryptos as well), I think making a centralized one would have less clients/customers, in which, we all know were a big risk to take. I still don't see the possibility of a regulated online casino, it has too many cons and risks.

In some online casinos, there are restrictions, some countries are ban and maybe some countries are required to follow the set or rules for KYC.
In my country which is the Philippines, everytime I access in different casinos, I was never ask for a KYC, an email is already good enough as a requirement then you can start to gamble, what I'm worried is if in the future, things will change and I can't enjoy the same liberty I'm enjoying now.

[btc_angela]

...
We all know that slowly the crypto casinos are getting regulated as we can't deny it's been growing and gamblers are slowly adopting to it.

What we are enjoy now is an "anonymous gambling" is very satisfying to us, but will it be in danger when the market is fully regulated?

Your thoughts please.

I think there is less chance to make online casinos and gambling be regulated, yet it depends on the platform and the currency to be used whether they would be centralized or decentralized. And as the anonymous gambling (or the common gambling casinos online) we enjoy today are decentralized (often use dec system and cryptos as well), I think making a centralized one would have less clients/customers, in which, we all know were a big risk to take. I still don't see the possibility of a regulated online casino, it has too many cons and risks.

In some online casinos, there are restrictions, some countries are ban and maybe some countries are required to follow the set or rules for KYC.
In my country which is the Philippines, everytime I access in different casinos, I was never ask for a KYC, an email is already good enough as a requirement then you can start to gamble, what I'm worried is if in the future, things will change and I can't enjoy the same liberty I'm enjoying now.

I think it will be just a matter of time before online crypto related casino's will require KYC similar to fiat base. And it's really scary thought as there will be no difference at all. And we all know that we used bitcoin or other crypto because we want to be anonymous at least. But this scenario might change overtime. And if this happens, we don't know if crypto gambling will still be a good platform to play.

[Bitinity]

I started to think about the anonymity of cyrpto will end soon when most exchanges ask for KYC few years back. Nowadays we see many crypto gambling sites are also having KYC requirement. It makes me more confidence that we will not have the anonymity anymore in crypto gambling industry. Once everything related to crypto is being regulated, that's the end of the anonymous of crypto imho.

[Tipstar]

For most of crypto gambling site, they'd never ask for your identity until you have large sum of money going in and out or rouge bitcoin coming in. In that case, with an official complaint from the authorities, they may force you to do a KYC. And again not asking your KYC doesn't mean you are anonymous as they do log your email (if required) and IP.
Small users would never be bothered by it, as authorities won't be hunting you and your coins for small tax frauds.

[Finestream]

I started to think about the anonymity of cyrpto will end soon when most exchanges ask for KYC few years back. Nowadays we see many crypto gambling sites are also having KYC requirement. It makes me more confidence that we will not have the anonymity anymore in crypto gambling industry. Once everything related to crypto is being regulated, that's the end of the anonymous of crypto imho.

That's definitely fore sure, when there is a regulated, the KYC is always present since we are dealing with money in this activities where some money launderer can take advantage on laundering their funds into a casinos.

We can site some example.
Bangladesh Bank Heist Exposes Laundering Links In Philippine Casinos

This is a big crime, without KYC they won't be able to see where the money was link or where it was laundered.

So as market is fully regulated, it would help to increase adoption but at the expense of our anonymity.

[mu_enrico]

Anon gambling sites will still exist despite the AML rules, but the problem is, what kind of games they offer... probably not as developed as mainstream ones. For slots lovers like me, I'll enjoy the very moment, when I can play mainstream slots on sites that still accept no-KYC accounts for small deposits/withdrawals. In the future, if all accounts need KYC, then I'll probably retire from gambling since I live in "gambling is bad" country. However, if I'm lucky and become rich, I'll move to Australia for sure.

[Sanitough]

Anon gambling sites will still exist despite the AML rules, but the problem is, what kind of games they offer... probably not as developed as mainstream ones. For slots lovers like me, I'll enjoy the very moment, when I can play mainstream slots on sites that still accept no-KYC accounts for small deposits/withdrawals. In the future, if all accounts need KYC, then I'll probably retire from gambling since I live in "gambling is bad" country.

That's probably the future of crypto gambling, if the government are trying to Deanonymize Privacy Coins, then they will not exempt the crypto casinos for sure.

Article (IRS Is Trying To Deanonymize Privacy Coins Like Monero And Zcash

That's what would happen if we wish that the crypto market will be regulated, our anonymity will be gone as the government has the right to track us once we are under the regulation.

However, if I'm lucky and become rich, I'll move to Australia for sure.

I wish you good luck, hopefully you'll achieved that dream soon or before all crypto casinos will be fully regulated.

[Ziskinberg]

2- Anonymity is guaranteed

Not all the time, Not forever.

Even depositing our money in the bank which we owned it, it was never private as the bank itself can divulge our information and the authorities knows our record, so even if they will say they will protect our privacy, that's not guaranteed as we are living in a corrupt world where greedy people exist.

For casinos, yes for now we can gamble anonymously, we can use mixers, to further hide our identity, but it will not last forever or for long, we better enjoy it now while it last.

[Casdinyard]

In some online casinos, there are restrictions, some countries are ban and maybe some countries are required to follow the set or rules for KYC.
In my country which is the Philippines, everytime I access in different casinos, I was never ask for a KYC, an email is already good enough as a requirement then you can start to gamble, what I'm worried is if in the future, things will change and I can't enjoy the same liberty I'm enjoying now.

Don't worry dude, I'm from Philippines as well. And I think we shouldn't be bothered with online casinos especially those who are just focused in accepting cryptos, as most of it weren't based in the country. The anonymity is still intact as long as KYC isn't required.

If you are pertaining to taxes especially as it was a hot topic in the senate, I guess it will take time for the government to study well how online casinos and it's Philippine players had been grown for years and the vast internet would be impossible to looked up as with the country's capability to investigate online activities were pretty much outdated.

I think it will be just a matter of time before online crypto related casino's will require KYC similar to fiat base. And it's really scary thought as there will be no difference at all. And we all know that we used bitcoin or other crypto because we want to be anonymous at least. But this scenario might change overtime. And if this happens, we don't know if crypto gambling will still be a good platform to play.

If crypto or the use of crypto would require knowing your information, then I guess it will be its very end. Not only the end of crypto gambling, but only the whole crypto in general as well.

1. You buy BTC
2. You buy something off the Internet with some of it
3. You gamble the rest without mixing your coins, using your real IP or name
Your anonymity is already gone.

I think the OP pertains to the anonymity of one's legal and personal information more specifically a user's submission to a gambling's KYC. Knowing your IP isn't that an "anonymity" killer, but just a vulnerability, and gambling platforms that bypasses its user's security is often red-tagged.

[FontSeli]

Your thoughts please.

I think that the owners of crypto casinos are well aware that maintaining the anonymity of players is one of the main advantages of their casinos over other online casinos. And I hope they will try to keep it as long as possible.
However, players should remember that if they withdraw coins from the casino to the exchange wallets where they have passed the KYC, this will remove their anonymity.

[passwordnow]

The crypto casinos keep the record from logins of their customers so that's not 100% anonymous. As long as they won't use that other the verification of their website or platform our identities and IPs are being kept by them. There are incidents that a casino requires KYC for the purpose that they're asking for it for better verification and if you are a winner, you have no choice but to comply to get your money from them.

[Questat]

Your thoughts please.

I think that the owners of crypto casinos are well aware that maintaining the anonymity of players is one of the main advantages of their casinos over other online casinos. And I hope they will try to keep it as long as possible.

That would remain their advantage if they will be able to maintain that, and of course they will try to but if regulation will exist and would give a mandate that it's not allowed anymore, I think they have no choice but to follow, otherwise their business will be compromise.

I was thinking if there are non-licensed casinos now that are making good profit, if you guys can name one, I'd appreciate it as it would only proved that even if a casinos has no license, it can still succeed.

However, players should remember that if they withdraw coins from the casino to the exchange wallets where they have passed the KYC, this will remove their anonymity.

That's given as exchanges both local outside local are all regulated.

[FontSeli]

Your thoughts please.

I think that the owners of crypto casinos are well aware that maintaining the anonymity of players is one of the main advantages of their casinos over other online casinos. And I hope they will try to keep it as long as possible.

That would remain their advantage if they will be able to maintain that, and of course they will try to but if regulation will exist and would give a mandate that it's not allowed anymore, I think they have no choice but to follow, otherwise their business will be compromise.

I was thinking if there are non-licensed casinos now that are making good profit, if you guys can name one, I'd appreciate it as it would only proved that even if a casinos has no license, it can still succeed.

However, players should remember that if they withdraw coins from the casino to the exchange wallets where they have passed the KYC, this will remove their anonymity.

That's given as exchanges both local outside local are all regulated.

We can now see something similar on the example of exchanges where cryptocurrency is traded. There are exchanges where KYC is mandatory, but there are also those who resist the decisions of regulators and do not require their customers to mandatory KYC verification. I think it will be the same with online casinos.

[spike420211]

When the market is fully regulated, and probably will be in the future, anonymity will not matter. In the sense that many will have to go through the identification procedure.
Of primary importance will be the security of the data storage platform.

If it were a single secure platform on the blockchain, it would solve many problems with data leaks.
I am not a fan of deanonization, but I don’t see anything safe in it if there is a guarantee that my data will be completely safe and self-destruct at the slightest attempt to hack. But such guarantees can be obtained only in words.

[Botnake]

Probably this kind of complain will not happen again, from our very owned forum.
Luckyfish accepting kids

This is just some of the risk when a casino is not fully regulated, kids can gamble because it's anonymous, and with the variety of games casinos are offering, it will not be hard to find for a game that would entertain based on individual's preference.

Therefore, I agree with most of you here that anonymity will not last forever in crypto, due to the regulation as regulation makes a business transparent from their eyes for them to easily monitor when there are complains of violation, either from the casino or for the casino.

[ethereumhunter]

I think there will be a crypto gambling website which will not apply KYC someday, even if there is a regulation for every gambling site. I think the government will understand the anonymity, and they can not force all people to give their document, even to the third party because the user will have full control of their private document. Somehow, I don't think that the government can interfere with the internet, which is out from their hands, but they can force the ISP to get their consumer data. But danger or not, we will see it later when the government are trying to regulate the online crypto gambling, and we don't have to worry about that.