I was shocked the other day, when my cousin told me about a friend of his that won a significant amount of money on a Crypto currency online gambling site. The site is not regulated and they also did not ask for KYC documentation to process his withdrawal.
It is easy enough for these kids to use their parents ID and Bank statements to register for KYC validation on these sites, because they do not ask for photos of that person with his documentation when you register a new user.
This will never happen with Brick n Mortar casinos, because the adult is matched with his ID Document.
How can we make sure that kids are not exposed to gambling at a very early stage, when they might not be ready to deal with the consequences? Gambling addiction is not a joke and these kids might turn to criminal actions to fund their gambling addiction.
Let's brainstorm.
Theres no other way but this one will matter much on parenting issues, if you do explain to them well on how gambling do mess up someones life then they might realize that they are doing wrong at very early age.
It cant really be stopped as long he does have access to internet specially now that crypto gambling sites do exist where KYC doesnt really ask that much.This had been a typical situation not only happening to crypto but also in fiat itself.
One thing is also to lock up all of your documents out of his reach or even your ID's etc.
