KYC on Gambling Business

[Mr. Magkaisa]

The rise of KYC in many casinos, even in well-known and reputable casinos, makes many gamblers feel that their playing time is almost over because those who previously did not need to do KYC are now forced to do KYC.

The casino argues that the selection of KYC for users is random and not based on anything. But still, the gambler who gets his turn to do KYC feels that he doesn't need to do KYC.

This also seems to be the case in crypto-based casinos as many of the casinos that previously didn't require KYC now do KYC randomly. And many of us complain about this, even though we know that casinos have written about KYC in their regulations. But still, we can't be free and calm in playing gambling, especially to withdraw the money.

Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC? If so, crypto can't be as anonymous as it used to be because we realize that today's governments have gone too far in controlling a person's identity and what they use the internet for.

And will this trigger crypto-based casinos that use wallet logins to develop better because they don't need to register as usual and only need to connect their wallets to the casino? Or do they also need to do KYC? Or for this type of casino can still be "forced" to do KYC?

If the casino gambling platform you entered asks for KYC from all gamblers who want to gamble here, I think there is nothing a gambler can do but follow the rules that the gambling platform has if gambling is underregulated by the government.

However, if an online gambling platform is not regulated and asks gamblers for KYC, I think this platform is implementing a bad system on its platform. So I think it's better to gamble on a gambling site here in crypto where you don't need to signup instead you just connect your wallet address to the platform and one of the examples of this gambling platform is the OWL gambling site. In this system, it can be said that if every gambler who plays here is really anonymous unlike those who ask for KYC, it is not really anonymous.

[nakamura12]

Yes I have seen many popular casinos asks for KYC if and only if when they found suspicious activity in your account.
As long as you gamble normally, they won’t have the problem and they definitely did not ask the KYC from you.
Nevertheless I have been playing at Stake.com since their official launch and till now made thousand dollars of withdrawal and placed high bets also. Till now I haven’t done any KYC and was easily able to withdraw all my funds.
OP if you seriously need a casino where there is no strict rules regarding KYC, then definitely you can visit stake.com and also please read their terms and conditions before investing or betting any money.

The casino will ask KYC when you withdraw and many of the gamblers are asked for KYC not because of being suspicious but because of not reading the terms and conditions/rules and regulations of the casino and their request to withdraw will only be processed once the KYC is complete or some didn't get paid because they didn't do the KYC and just created a scam accusation thread when it doesn't necessarily to make when you can complete the KYC. I think it's necessary they don't want to do KYC maybe they have their own reasons why.

[darkangel11]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

This isn't bitcoin from 2009 where kyc wasn't a thing. This is 2022 and governments are imposing sanctions and rules all over the place. These rules trickle down to gambling platforms as well as license providers.

Maybe I'm afraid of my identity being leaked to scammers? Maybe I don't want someone to make fake accounts using my ID? Maybe I don't want people to know where I live and that I have bitcoins?
There's a lot of "maybes" here and I don't have to be trying to avoid taxes or underage to be against KYC.

You're repeating the typical explanation by abusive governments. If you have nothing to hide why be against us checking <insert a random property>?  

[btc78]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

This isn't bitcoin from 2009 where kyc wasn't a thing. This is 2022 and governments are imposing sanctions and rules all over the place. These rules trickle down to gambling platforms as well as license providers.

this is a word of a account or gambler that completely knew what this market or business is all about , saying a clear understanding and explanation for all those who are indeed affected by this implementation , the world of gambling in crypto community had increased its momentum and now government after every government is seeking what they think needs to be done from a long time.
now that we are here already? we must adopt on this or completely leave the gambling in crypto.
yeah in the past this is where criminals or launderers use to hide their activities and even cheaters of gambling sites turn their bags filled , but now? this is already changed and we need to accept that fact.

[Wind_FURY]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

This isn't bitcoin from 2009 where kyc wasn't a thing. This is 2022 and governments are imposing sanctions and rules all over the place. These rules trickle down to gambling platforms as well as license providers.

Maybe I'm afraid of my identity being leaked to scammers? Maybe I don't want someone to make fake accounts using my ID? Maybe I don't want people to know where I live and that I have bitcoins?
There's a lot of "maybes" here and I don't have to be trying to avoid taxes or underage to be against KYC.

You're repeating the typical explanation by abusive governments. If you have nothing to hide why be against us checking <insert a random property>?  

You then shouldn't be gambling with a large amount of money that casinos are required to start asking you questions about your identity. But if you don't want to send your I.D. and other personal documents, don't gamble on centralized gambling services.

I believe a gambling service like DirectBet, but built on top of the Lightning Network will bring the value-proposition that Lightning needs to validate its existence. The users don't know what Lightning truly is yet.

[BobK71]

Yes I have seen many popular casinos asks for KYC if and only if when they found suspicious activity in your account.
As long as you gamble normally, they won’t have the problem and they definitely did not ask the KYC from you.
Nevertheless I have been playing at Stake.com since their official launch and till now made thousand dollars of withdrawal and placed high bets also. Till now I haven’t done any KYC and was easily able to withdraw all my funds.
OP if you seriously need a casino where there is no strict rules regarding KYC, then definitely you can visit stake.com and also please read their terms and conditions before investing or betting any money.

The casino will ask KYC when you withdraw and many of the gamblers are asked for KYC not because of being suspicious but because of not reading the terms and conditions/rules and regulations of the casino and their request to withdraw will only be processed once the KYC is complete or some didn't get paid because they didn't do the KYC and just created a scam accusation thread when it doesn't necessarily to make when you can complete the KYC. I think it's necessary they don't want to do KYC maybe they have their own reasons why.

A requirement for joining any casino is to thoroughly read the rules of that casino site. It is often seen that problems occur when gamblers go to withdraw their money. There are some good gambling sites where nothing goes beyond the rules. Gambling without KYC may lead to account cancellation. In this case the money on that site will be lost.

[Beparanf]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

This isn't bitcoin from 2009 where kyc wasn't a thing. This is 2022 and governments are imposing sanctions and rules all over the place. These rules trickle down to gambling platforms as well as license providers.

Maybe I'm afraid of my identity being leaked to scammers? Maybe I don't want someone to make fake accounts using my ID? Maybe I don't want people to know where I live and that I have bitcoins?
There's a lot of "maybes" here and I don't have to be trying to avoid taxes or underage to be against KYC.

You're repeating the typical explanation by abusive governments. If you have nothing to hide why be against us checking <insert a random property>?  

This is true statement of online casino industry before when license is not a thing but right now now even crypto casino is being regulated by the government. This casino has license to operate which means they are capable on handling KYC procedure safely. The casino is liable in case there casino database was leaked which means they are protecting there customer KYC because there business reputation is in the table with this.

It’s either we will comply or stop using online casino will be our choice once the regulators fully required KYC to all casino. I’m sensitive too on KYC matters but now that the regulators showing some force on implementing this new requirements. I’m sure our opinion doesn’t matter anymore because casino will follow it since they are business entity wit a sole purpose of continuing there operation.

[YOSHIE]

The rise of KYC in many casinos, even in well-known and reputable casinos, makes many gamblers feel that their playing time is almost over because those who previously did not need to do KYC are now forced to do KYC.

I see lately that users often have problems with the kyc system, at first the casino was not required to have kyc, but I don't know what to follow the kyc procedure, which in the end users objected and thought it was a joke.

Honestly, I'm more comfortable playing on casino sites that don't implement KYC, I don't think it's necessary for me to share my identity on betting/gambling sites, honestly, I don't want to bother, for casinos that implement KYC, I prefer to resign rather than share my personal identity, KYC only causes problems later on.

[Doell]

There has been a lot of discussion about KYC in the gambling industry, just for verification and getting to know the user it's actually not a problem for me personally, indeed as gamblers we are always wary about identity. But if their platform is trusted popular and legally licensed, why not and also I'm not the only one doing that anyway.
I remember recently there was a site that wasn't officially licensed and didn't require KYC, but the site ran away with user funds, and I as also user feel "cheated", it's better to deal with sites that are licensed and require KYC than to lose money in a that way. For other cases, there are also many and we must pay attention to in gambling is choosing the right website gambling.

[naira]

I see lately that users often have problems with the kyc system, at first the casino was not required to have kyc, but I don't know what to follow the kyc procedure, which in the end users objected and thought it was a joke.

Honestly, I'm more comfortable playing on casino sites that don't implement KYC, I don't think it's necessary for me to share my identity on betting/gambling sites, honestly, I don't want to bother, for casinos that implement KYC, I prefer to resign rather than share my personal identity, KYC only causes problems later on.

You are right that lately the issue of KYC has become more and more crowded with various problems and obstacles experienced by gamblers. Apart from the demands of KYC and all the requirements that should have been reviewed before they played bigger with money. As you said avoiding casinos with KYC is often done including me personally.

Therefore, one of the techniques or methods I use is to bet small amounts, move from one casino to another and just enjoy a few games. I realized when my bets rarely win big and even that never happened during my time playing in the casino. Because the house will always win. Is not it?

That KYC that casinos often apply never makes me fulfill it. Cause the casino to me is a stopover to play and spend a little extra cash.

[acroman08]

The casino argues that the selection of KYC for users is random and not based on anything. But still, the gambler who gets his turn to do KYC feels that he doesn't need to do KYC.

some may have been random but a lot of times it is usually based on something, as the casino has said on their ToS(at least the ones I have read) that they may ask the gamblers for KYC if they saw suspicious activity, have withdrawn a certain amount of money, etc...

Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC?

sadly as crypto casinos become regulated KYC becomes unavoidable.

[passwordnow]

There has been a lot of discussion about KYC in the gambling industry, just for verification and getting to know the user it's actually not a problem for me personally, indeed as gamblers we are always wary about identity. But if their platform is trusted popular and legally licensed, why not and also I'm not the only one doing that anyway.

There's no issue if the casino asking you KYC is trusted and one of the most popular casinos out there. We're even quick to comply as they ask and that's why some gamblers are not too problematic with it.

I remember recently there was a site that wasn't officially licensed and didn't require KYC, but the site ran away with user funds, and I as also user feel "cheated", it's better to deal with sites that are licensed and require KYC than to lose money in a that way. For other cases, there are also many and we must pay attention to in gambling is choosing the right website gambling.

Many casinos do that specially those that are not known. It's why we should be meticulous as gamblers despite we already have a variety of choices for casinos we gamble. One hint is to choose the reputable ones although you may be asked for KYC but they're established and trustworthy.

[|MINER|]

~snip~

Yes you are right that there is no wrong or offended thing to requiring kyc for anti-money laundering and stop to others illegal thing but problems comes when a scam gambling websites is asking for kyc verification because it's true that many time scammer sell those data for money . But if there is reputable and well licensed gambling then you can atleast trust them.

[dothebeats]

There has been a lot of discussion about KYC in the gambling industry, just for verification and getting to know the user it's actually not a problem for me personally, indeed as gamblers we are always wary about identity. But if their platform is trusted popular and legally licensed, why not and also I'm not the only one doing that anyway.
I remember recently there was a site that wasn't officially licensed and didn't require KYC, but the site ran away with user funds, and I as also user feel "cheated", it's better to deal with sites that are licensed and require KYC than to lose money in a that way. For other cases, there are also many and we must pay attention to in gambling is choosing the right website gambling.

Exactly. If the casino you are playing on is trusted and has been in the game for a lot of years, basic KYC wouldn't feel that bad at all. Especially if you know that the platform maintains its integrity by not selling any of your information to third party in this world wherein such activities are normal. It's usually a one and done thing too, if you're not breaking ToS and not doing anything shady on your account that the platform deems it necessary to do a lot more background check on your end.

[Adbitco]

KYC's are something for sure you must passed before making withdrawal maybe if the requested funds to withdraw above the limits then you would be asked to passed kyc before furthering your withdrawal process but i don't see any big deal revealing your kyc details to the gambling site where you throw in your fund to place a bet.
So in summary, they are also trying the best regulate and limits, monitors the rates at which funds are being withdrawn from their site or program if there's any theft associated with your account to tracking purposes. So if your willing to pass the kyc then don't gamble with such site because you could be later asked for your kyc details.

[Wexnident]

Is this unavoidable in crypto based casinos? Or are crypto gamblers also required to do KYC? If so, crypto can't be as anonymous as it used to be because we realize that today's governments have gone too far in controlling a person's identity and what they use the internet for.

And will this trigger crypto-based casinos that use wallet logins to develop better because they don't need to register as usual and only need to connect their wallets to the casino? Or do they also need to do KYC? Or for this type of casino can still be "forced" to do KYC?

I consider it to be something becoming rather regular in almost all industries, not just in crypto casinos (or casinos in general). It's a process that can't be helped imo, especially if businesses were required to register under a legal license that the government issues (or a centralized group that manages it in general). It's actually a type of brainwash imo, it might be weird or odd right now but as people are gradually forced to do KYC in almost everything, they'd just end up accepting it in the end.

As for the second thing, I think KYC would still be involved even if login wallets were used. There may still be casinos that wouldn't put in KYC, but it'd only be a matter of time imo.

[johhnyUA]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

Man, you're a little wrong here (imo). Personally I don't want to do KYC for some offshore-registered services (90 % of casinos and book). And the reason is that such services has liability around zero , so if they get "hacked" or just sell their database to the third party, it will be near impossible to sue them.

I have no problem to do KYC with some services registered in trustworthy countries, like Bitstamp or bet365. But again, no KYC for offshore cunning rats!

[coin-investor]

The rise of KYC in many casinos, even in well-known and reputable casinos, makes many gamblers feel that their playing time is almost over because those who previously did not need to do KYC are now forced to do KYC.

KYC on online gambling is always been here even fiat based casinos are asking for KYC but compared to Cryptocurrency based casinos they only do this if they see suspicious activity in your account because they are licensed and they need to do what they have to do so their casino is marked clean by regulators, you know online casinos are legit business online

The casino argues that the selection of KYC for users is random and not based on anything. But still, the gambler who gets his turn to do KYC feels that he doesn't need to do KYC.

You have to accept that term, it's part of accepting their terms when you sign up, I've seen a lot of complaints but these complaints about KYC are not valid because they are not aware of this random KYC.

And will this trigger crypto-based casinos that use wallet logins to develop better because they don't need to register as usual and only need to connect their wallets to the casino? Or do they also need to do KYC? Or for this type of casino can still be "forced" to do KYC?

I am not comfortable logging in, in any project that is a casino based I don't have one and  I want a usual one where I register to use my email and password not something that will connect my wallet, I guess many players don't like that too.

[pieppiep]

As a crypto gambler, I do not want to see KYC on the casino because it feels not right to give my identity to the casino, which I do not use too often to play gambling. It will be different from the exchange to fill out KYC because I use exchanges to trade almost daily. Hence, if we compare it to the casino, I think it is unnecessary to verify our account with a completed KYC. Maybe if you are a gambler who uses big money to gamble, verifying your account is necessary because the casino wants to know who you are. They do not want to see their customer use illegal money or money from illegal businesses. So they apply KYC to some gamblers, especially those who use big money. But the casino can randomly ask KYC to their customers because they can do anything with them.

[Jemzx00]

I don't see the big deal of kyc? You trying to avoid taxes? Underage? Gambling for an illegal jurisdiction? IMO those are the users who would likely have an issue performing kyc for a casino.

Man, you're a little wrong here (imo). Personally I don't want to do KYC for some offshore-registered services (90 % of casinos and book). And the reason is that such services has liability around zero , so if they get "hacked" or just sell their database to the third party, it will be near impossible to sue them.

I have no problem to do KYC with some services registered in trustworthy countries, like Bitstamp or bet365. But again, no KYC for offshore cunning rats!

I couldn't agree more with your opinion on this one. Some gambles may have an issue why don't want to do KYC such as what yahoo said however that is not always the case. Most of us here doesn't really care if they do KYC as long as there would be someone liable in case something happens. Leakage of personal data is a thing and it is serious whereas it could cause safety issue to someone if it falls to the wrong hands. Selling of databases or even the platform itself is quite common on the gambling industry especially those who does not perform well. Liabilities and security is something that we want to assure in case KYC will be required.