NO KYC Sportbooks?

[Oshosondy]

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

[HUSTLER]

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

Yes privacy might me the main reason that people dont want to do kyc and dont want to share their personal details with them. Another reason can be that people are bit lazy to complete all the kyc requirements as this happens with me as well but exchanges now days dont withdraw money without the KYC so its becomes mandatory to complete it.

[Peanutswar]

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

It depends on the country if they have a taxes regarding with the crypto gambling some of the people want to keep anonymously just to avoid having names on a platform no one wants to reveal their identity just to play gambling there are a lot of platform doesn't have a KYC and some of them are just optional. Mostly having a KYC is those platform who has a large number of players and people who makes a withdrawal with a large amount and they don't want to have any kind of illegal activity to their platform so they makes another layer of security which is KYC. The user has a the rights to gamble with KYC or not.

[KTChampions]

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

And why is it wrong? How many people do you know who regularly win more than they lose? If there are such people, then perhaps they should pay taxes because in fact they are engaged in a profitable business. But how many of these people are there? And an ordinary person who has always (on average) lost, having won big once must pay tax - does this seem right to you? It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

[Oshosondy]

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

[TopT3ns]

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

Depend which country and gambling site will give different rule each other country, have some country not allowed for their citizen join on gambling site this why need KYC, but I think is not good ideas if try KYC for gambling site. Many gamble want to hidden their identity and never want publish with their document, better looking new site support bigger fund deposit and withdraw without KYC.

[goku19]

If you gambling in a trustable and well reputed gambling site I dont think there is any thing wrong to complete the KYC process. Because the exchange which dont ask kyc these days bring some doubt in my mind as some thing might not be good with that site.
May be at start they dont ask kyc and later when you want to withdraw they will ask and at that time no option would be left.

[KTChampions]

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

The only purpose that can be more or less adequate when taxing winnings is to prevent money laundering through it. It looks logical because if there is no tax any criminal can legalize money claiming that he won it, but even this I consider a false reason for taxation. First, why should honest citizens suffer? Second, the tax police should investigate evasion schemes and not punish everyone indiscriminately.

[og kush420]

The only purpose that can be more or less adequate when taxing winnings is to prevent money laundering through it. It looks logical because if there is no tax any criminal can legalize money claiming that he won it, but even this I consider a false reason for taxation. First, why should honest citizens suffer? Second, the tax police should investigate evasion schemes and not punish everyone indiscriminately.

These days governments are doing legislation's around things that benefit them under the name of money laundering, terror financing etc. AFAIK only citizens of countries where gambling is banned doesn't want to undergo KYC, other than that there is no reason to avoid KYC. If you are not doing anything wrong and you are on trustworthy platform that doesn't sell your info just do KYC.

[nakamura12]

Just go to a legit, trusted, reputable sportsbook and complete KYC then you won't have problem with it anymore. About your personal details, it is safe if you ask me. It won't be a good choice to destroy their reputation with just one problem. If you are on a country that gambling is banned then you'll be having hard time to find one.

[Distinctin]

If you are on a country that gambling is banned then you'll be having hard time to find one.

You'll still probably find a gambling site to play but those gambling sites only that are not registered, and that means you are taking the risk as they could just disappear with your money. however, if you don't want to take that risk, just don't gamble at all, maybe dedicate your time in investing or learning how to trade, that way you still have a chance to be profitable in crypto.