KYC on Gambling Business

[Saint-loup]

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?

It would very naive to think that casinos are randomly asking KYC. Except the regulated and professional ones, they never ask KYC before depositing funds. They ask it once the funds have been deposited when they are afraid by the bankroll of the player or when they decide that the player has won too much money and they don't want to pay him his winnings.
Fortunately, several fully decentralized casinos and sportsbooks are coming, and all the scammy casinos will soon be forsaken, mark my words.

[khaled0111]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

[yahoo62278]

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>?  

There's a load of reasons why someone wouldn't want to complete KYC man, so it comes down to do you want to gamble online or not? It's not rocket science. KYC is the norm these days, I just don't like how and when it is applied.

[lule29]

If you are searching for casinos without KYC, instant withdrawals please go and visit this --> casino.

[Rating Place]

The only reason they ask for KYC is a reason to confiscate your money when you go to withdraw.

Fortunejack is refusing to pay a reputable member a measly 10 mbtc.
Do you think FJ cares about 10 mbtc?
Of course not; they are only asking for KYC for regulatory purposes/abide by whatever laws they agreed to.
Kind of scary that someone with zero knowledge of how this works is claiming to know the #1 RATINGS of BITCOIN SPORTSBOOKS...

FJ lets minors and those in restricted countries play there as long as they lose. Their license doesn't mean a thing unless you win. Curacao is much different than a license in the UK or US. Most of the casinos at BCT are in Curacao or Costa Rica.

In Curacao there are 4 master licenses and the rest are sub-licenses. FJ has a sub-license. You can get a sub-license in less than 2 weeks.

[lienfaye]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Indeed. We have an option if we dont like the idea of complying on a kyc of the specific casino. Many casinos are still not requiring their players to do the kyc verification and you can play anonymously. However we should know the risk of playing to a not licensed casino compared to those casinos operating with license.

Anyway, kyc is now a common requirement of casinos to their players. However if you're just an average gambler, usually they dont ask for it until you exceeds a certain limit of withdrawal. For me its not a big deal to comply as long as im dealing with a trusted casino to abide on their kyc requirement.

[xSkylarx]

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.

Cryptocurrencies itself are decentralized but crypto-based casinos aren't. Gambling websites have no choice but to impose KYC verification because their business is licensed and regulated by the government.

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'm pretty sure gambling websites will still ask for KYC even if they develop a new form of using their platform especially if the withdrawal is too huge that it looks suspicious. One of the purpose of KYC is to prevent criminals from using these gambling casinos in their illegal activities.

[X-ray]

If KYC means to know your customer then it is better the casinos to know their customers so that they can track them if there is any issue. The casinos that were not doing it and now they doing it because they feel that it is better for them to know their customers gambling history of their platform. But it is not compulsory to use KYC in a gambling site it is a random choice.

It's not like that. Casino didn't remind the user to did KYC first before it will be implemented KYC verification once the user wanna try to withdraw their money. The fairest thing must be if KYC must be asked when the users are sign up or register to the site.
If the user didn't wanna to do KYC verification and there would be limitation for withdrawal or something like what implemented in another service like centralized exchange site and so the users will not feel being cheated by the casino.
I think this is the best decision to be taken to the users. That would be fair for both.

[Haunebu]

It is true that more and more crypto gambling sites are forcing their customers to submit KYC for various reasons, but there are still several sites that don't require any form of KYC unless they find something suspicious related to your account.

Personally, I hate submitting KYC unless absolutely necessary which is why I only play in sites that don't enforce any form of mandatory KYC.

I have been playing in these sites from a long time and acquired decent profits without ever needing to submit KYC.

[Solosanz]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Yeah, personally I don't mind if the casino is either has license or not since it doesn't make the casino will be trustworthy and can't scam. Online gambling license isn't strict like physical casino license, they will record your name, address etc and also will protect an addict to not play anymore.

In online casino the trustworthiness is depend on the casino site, so I would stick to a casino that run a long term campaign, having active support and doesn't have an active accusation in this forum.

[Silberman]

It is true that more and more crypto gambling sites are forcing their customers to submit KYC for various reasons, but there are still several sites that don't require any form of KYC unless they find something suspicious related to your account.

Personally, I hate submitting KYC unless absolutely necessary which is why I only play in sites that don't enforce any form of mandatory KYC.

I have been playing in these sites from a long time and acquired decent profits without ever needing to submit KYC.

In a way casinos are trapped between a rock and a hard place, on one hand governments want casinos to enforce KYC polices in a very aggressive manner so they can prevent crimes like money laundering and other similar crimes, however the end user does not want to go through those policies  not only because they are slow, cumbersome and tedious, but also because we know that information could be stolen and once that happens there is not anything you can do about it.

[pieppiep]

KYC in the first place isn't a welcome development on crypto gambling business because it is revealing of the players personal identification and that is against what cryptocurrency decentralised system but if you are again suggesting random KYC for some of the players, it means the casino is already biased and selecting some players to reveal their identity. If they have questionable behaviour or suspect them, it doesn't require them to ask for KYC from them as it is against the system. I don't believe in casinos requiring KYC.

It's actually against the decentralized system of cryptocurrencies but regulators pressure casinos to apply KYC to each of their members so casinos are forced to do so to follow the existing rules. Maybe that's why casinos have started implementing KYC rules on their sites to guard against any possible illegal activity that could occur on their sites, including if any of their members are caught cheating. And we as gamblers, can do nothing and only have the option of looking for another casino.

But, what if they require kyc at the beginning or during the signup process? But I bet you will skip them and look forward for another casino. You are lucky if you can play on a casino without submitting your kyc and can be able to withdraw but what if it's being ask by the time you withdraw?

It's either you will forget your money or comply to kyc. This is why it's important to always read the terms of a casino first so that we will know what to expect or we can also ask their customer support to clear things out. In the event they modify their terms without notifying their users then I think that was not fair and we can argue with it or report them in case we caught out in a sticky situations.

We don't need to register at a casino that implements KYC in the first place because I'm sure there are still many casinos that don't apply this to their members. But usually, casinos will start implementing KYC once their members start withdrawing money on their site and will immediately ask for KYC if they will withdraw big money.

When we want to withdraw money, the casino asks for KYC, we can just comply by doing it, but it is also up to us whether to comply or complain to the support team on the site. But usually, if people get a case like this, they will complain to the site and in this forum because they don't want to do KYC.

[virasog]

It is true that more and more crypto gambling sites are forcing their customers to submit KYC for various reasons, but there are still several sites that don't require any form of KYC unless they find something suspicious related to your account.

Personally, I hate submitting KYC unless absolutely necessary which is why I only play in sites that don't enforce any form of mandatory KYC.

I have been playing in these sites from a long time and acquired decent profits without ever needing to submit KYC.

In a way casinos are trapped between a rock and a hard place, on one hand governments want casinos to enforce KYC polices in a very aggressive manner so they can prevent crimes like money laundering and other similar crimes, however the end user does not want to go through those policies  not only because they are slow, cumbersome and tedious, but also because we know that information could be stolen and once that happens there is not anything you can do about it.

In the end, the government always win because the casino have to follow the instructions from them and if they do not follow the government KYC enforcement instructions, the government can force legal actions against them. The players are not left with anything to choose from but to do the KYC in order to play gamble. There are platforms which offer gambling without doing kyc but those options are very rare and limited.

[ethereumhunter]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Yeah, personally I don't mind if the casino is either has license or not since it doesn't make the casino will be trustworthy and can't scam. Online gambling license isn't strict like physical casino license, they will record your name, address etc and also will protect an addict to not play anymore.

In online casino the trustworthiness is depend on the casino site, so I would stick to a casino that run a long term campaign, having active support and doesn't have an active accusation in this forum.

It doesn't matter whether the casino has a license or is in the process of getting it. The problem is that casinos can ask for KYC for every member, and now it looks like they are starting to ask for KYC randomly. Maybe later, we will all be asked to do KYC but hopefully, it won't be done for all members in the casino and only ask for KYC for members who use big money to play gambling. But if the casino keeps asking us for KYC, maybe we can choose to do KYC or find another casino that doesn't implement KYC.

[GigaBit]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Yeah, personally I don't mind if the casino is either has license or not since it doesn't make the casino will be trustworthy and can't scam. Online gambling license isn't strict like physical casino license, they will record your name, address etc and also will protect an addict to not play anymore.

In online casino the trustworthiness is depend on the casino site, so I would stick to a casino that run a long term campaign, having active support and doesn't have an active accusation in this forum.

It doesn't matter whether the casino has a license or is in the process of getting it. The problem is that casinos can ask for KYC for every member, and now it looks like they are starting to ask for KYC randomly. Maybe later, we will all be asked to do KYC but hopefully, it won't be done for all members in the casino and only ask for KYC for members who use big money to play gambling. But if the casino keeps asking us for KYC, maybe we can choose to do KYC or find another casino that doesn't implement KYC.

Nowadays casino has evolved as an industry where the government of that country is asked to follow certain rules and policies on them. Casino owners must be held accountable if they break the rules. I think for that purpose KYC should be sent for those who need to big amount for withdraw. If someone is not willing to do KYC then he has to join with out kyc based casino platform in the beginning.

[Chato1977]

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.

but you must comply as gambling nowadays really ask for KYC and you have no way to deny when withdrawing .

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.

wrong , trading and gambling are almost similar , it is involving money and needed a verification of your details.

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.

meaning if you are smaller gambler then you must be safe in security as KYC intend this ?

[rodskee]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Indeed. We have an option if we dont like the idea of complying on a kyc of the specific casino. Many casinos are still not requiring their players to do the kyc verification and you can play anonymously. However we should know the risk of playing to a not licensed casino compared to those casinos operating with license.

but the main problem as we experienced ? those who are not literally asking for KYC in the beginning but eventually when there are big amount involve? then this KYC will come.

Anyway, kyc is now a common requirement of casinos to their players. However if you're just an average gambler, usually they dont ask for it until you exceeds a certain limit of withdrawal. For me its not a big deal to comply as long as im dealing with a trusted casino to abide on their kyc requirement.

yes but not until you become lucky to win jackpot or some big amount releasing then KYC again will imply.

[Bitinity]

I find it a bit ironic that some members here usually attack new casinos just because they don't have a license but they complain when a casino asks them to verify their identity. Sorry, but I had to say it.
If you value your privacy so much then don't play at licensed casinos, as simple as that. You never know when they will lock your account and ask you to pass kyc.

Believe it or not, those who like to attack new casinos with "license" but at the same time they also against KYC, are mostly not gamblers or they do not even understand about what is license and what is the connection between license and KYC. In short, those who consider license is a must to have by a casino then they should be ready for KYC.

[Porfirii]

Fortunately, several fully decentralized casinos and sportsbooks are coming, and all the scammy casinos will soon be forsaken, mark my words.

Do you know any casinos that have already managed to go decentralised, or which are currently working on a decentralised platform? It would be something really interesting, if they are legit.

On the other hand, do legacy casinos ask for KYC when you go physically there to play? If that is the case, where does their legitimity to do that come from?

[Maslate]

I'm not fan of KYC especially on a casino, so it's a big no for me, I would not criticize because that's their business and if they are regulated, they have the reason to implement it. In my case, I'm just staying away on casinos that requires a KYC, instead, I will choose a casino that does not require a KYC but have a good reputation.

In the end, it still varies from personal choices.