KYC on Gambling Business

[Japinat]

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

Winning a jackpot, I assume that's a huge amount of money, well, I can comply with the KYC in that case but if the site is scammy, they can always find a way to disapprove my submission, so we must play on a reputable site as it's less risky for us.

Thing is, some casinos, will accuse you of violating the rules just to freeze your winnings, and you cannot win against them since they hold your information and they can always accuse you of anything, the only way to fight them is to take the case on the court, but the question is, are we willing to spend time and effort for that?

[decodx]

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?

As a regular player at brick & mortar sportsbooks, I never had to go through the KYC procedure for moderate bet amounts. They only requested an identity document to verify an individual was of legal age.

[Marvelman]

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.

I think you got the point. KYC has become a common trend in online casinos today. I guess this is one of the reasons why we have such a huge problem with online casinos, as no one really wants to do KYC and there are so many unregulated casinos out there. Overall, it's hard to say that it's a totally safe thing to do. In some cases, a casino without KYC is obviously not fully regulated. However, there's no way to say that all unregulated casinos are bad and that all regulated casinos are safe. Each user should do their research before playing to minimize the risks.

[348Judah]

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.

I think you got the point. KYC has become a common trend in online casinos today. I guess this is one of the reasons why we have such a huge problem with online casinos, as no one really wants to do KYC and there are so many unregulated casinos out there. Overall, it's hard to say that it's a totally safe thing to do. In some cases, a casino without KYC is obviously not fully regulated. However, there's no way to say that all unregulated casinos are bad and that all regulated casinos are safe. Each user should do their research before playing to minimize the risks.

They have their right to make business but a good one and nit leveraging on user's confidential data behind them for thier own purpose, i believe when there's a massive turnout on the search for a KYC free casino, maybe others could rethink and learn to strictly go by what the gamblers want and not what they think will best profit them as an asset from user's privacy, the government has authority over casinos to demand any information from then because they are centralized gambling operators, but just as in bitcoin privacy, i think gambling needed to be privately secured as well in other to remain safe from data leak/breach.

[hyudien]

I think you got the point. KYC has become a common trend in online casinos today. I guess this is one of the reasons why we have such a huge problem with online casinos, as no one really wants to do KYC and there are so many unregulated casinos out there. Overall, it's hard to say that it's a totally safe thing to do. In some cases, a casino without KYC is obviously not fully regulated. However, there's no way to say that all unregulated casinos are bad and that all regulated casinos are safe. Each user should do their research before playing to minimize the risks.

That's what a casino reputation is for which is judged objectively based on user activity and satisfaction with the casinos they visit. Initially, KYC in crypto casinos never existed, but as it gets bigger and the casino revenue gets higher, it will attract the government to take policy. So to me, the gambler has any rights and it depends on whether he or she is interested in a reputable or shady casino.

[Jawhead999]

They have their right to make business but a good one and nit leveraging on user's confidential data behind them for thier own purpose, i believe when there's a massive turnout on the search for a KYC free casino, maybe others could rethink and learn to strictly go by what the gamblers want and not what they think will best profit them as an asset from user's privacy, the government has authority over casinos to demand any information from then because they are centralized gambling operators, but just as in bitcoin privacy, i think gambling needed to be privately secured as well in other to remain safe from data leak/breach.

I think there's many casinos or reviews sites talking about KYC free casino, you can search on google. The thing is all of them are fake KYC free casino, they're not asking the KYC at the beginning, but when you search on their TOS you will see KYC is mandatory for them. Not only on casino reviews, few casinos in this forum also promote fake KYC free casino too lol. I think such casinos should be avoided since they're not really honest with the gamblers.

[Jemzx00]

I think there's many casinos or reviews sites talking about KYC free casino, you can search on google. The thing is all of them are fake KYC free casino, they're not asking the KYC at the beginning, but when you search on their TOS you will see KYC is mandatory for them. Not only on casino reviews, few casinos in this forum also promote fake KYC free casino too lol. I think such casinos should be avoided since they're not really honest with the gamblers.

To be perfectly fair from these gambling crypto casino out there, most of them really do offer KYC-free on their platform however not having to do KYC has limits on your account such as the amount you can gamble and withdrawal. It also vary depending on these casino since you can sign up on their platform without doing KYC however if you have reached certain limit, you'll be subjected to a mandatory KYC process. Also, It is important to know the TOS of these casinos to avoid violating it and be subjected for KYC.

[panjul07]

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 do not see that there are many reputable casinos force players to do KYC, at least in the casinos I play such as Roobet, Stake, Chips.
Would you please share/mention the reputable casinos that force their players to do KYC recently?

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.

If what you say is true that the casino KYC is done randomly without any reason, I have to say that it is a bad casino.
KYC should be done because there is a valid reason such as license terms, or the terms of the casino itself.
Once again, which casinos argues that they do random selection for KYC?

[BitcoinPanther]

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.

I agree, it is  a child like action to whine about why this casino A is implementing KYC while Casino B is not.  If we don't want KYC let us just avoid it.  Why create drama about it is just a waste of time and temper  .

Anyway I don't mind if a casino implement KYC or not,  it is up to me whether to accept their terms or not.  But in case a casino where I played implement KYC then I would for sure follow their terms.  I have no choice since I agreed on their TOS, it is whether perform KYC or leave.

[m2017]

There is a reason why most gambling businesses requires KYC for their gamblers which is to avoid gamblers to use their platform for money laundering. It can be avoided in some cases but if the casino is suspicious of your activity then surely the casino will ask for KYC to clear their suspicion on you through KYC even though you didn't do anything wrong in the first place or rather you are just depositing on their casino and gamble.

This is exactly what ordinary gamblers really don't like when they are required to go through procedure KYC, even if they didn't violate anything and didn't commit suspicious actions. Moreover, this can be a banal pretext of the casino to get the user's data. People come to online casinos to calmly lose their money, and not to be forced with KYC. If I choose a casino without KYC, then I probably don’t need to slip KYC from the administration under various pretexts.

[Saint-loup]

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?

AFAIK the Fun token team is working hard on a fully decentralized and non-custodial casino on top of the Polygon network (a layer 2 protocol) and some other projects are doing similar things on other layer 2 networks or fast and cheap blockchains. But I'm sure when the first big ones will be launched, it will have the same success as the Defi against the Cefi, people don't want anymore to be worried when they send their funds for gambling and they don't want to be tracked by governmental or non-governmental organizations.

[Cookdata]

The gambling industry benefited immensely from KYC in terms of how to get rid of bad players, particularly those who are known for trying to cheat the system by using multiple accounts and shortcuts to win bets. In addition, KYC makes it simple to identify players who are underage that break the rules by signing up to play. If implemented effectively, KYC is highly necessary for the gambling business.

The drawbacks of KYC are very concerning. Nowadays, it's very difficult to trust businesses because you never know what they might do with your documents. Additionally, some businesses that claim to keep your documents secure actually sell them, making them the target of scams and illegal activity. If you value your privacy, avoid KYC. If you value your peace of mind, avoid KYC.

[BitcoinAccepted]

The KYC also seems to be a thing of the last few years. Previously, the KYC was checked much less and gambling sites had a lot more free play, it seemed. This also has to do with certain countries, in Curacao they are becoming stricter and more and more countries are expressly banned if you want to search certain websites. But I think there are no sanctions if a gambling site does not follow the KYC procedure. You may still wonder at what point a gambling site is required to implement the KYC.

[dothebeats]

The KYC also seems to be a thing of the last few years. Previously, the KYC was checked much less and gambling sites had a lot more free play, it seemed. This also has to do with certain countries, in Curacao they are becoming stricter and more and more countries are expressly banned if you want to search certain websites. But I think there are no sanctions if a gambling site does not follow the KYC procedure. You may still wonder at what point a gambling site is required to implement the KYC.

I'm pretty sure gambling platforms are sanctioned if they failed to turn out some KYC for their platform. It may not be as strict as it used to be, but to say that sanctions and penalties are already gone if a platform fails to produce KYC documents is just too wrong. Regulators would still need something for documentation purposes and for 'formality' even though they don't really need all that info. Compliance is a begrudgingly painful thing for regulators and businesses alike.

[CryptoHeadlineNews]

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.

You actually have a point there, because one of the strategy most new casino use now is that they allow you register without asking for KYC, deposit funds without asking for KYC, and play games without asking for KYC, but if luckily you happens to win huge, and time to withdraw funds, that's when you will be surprised been asked for KYC, which is actually not fair. But casinos uses such strategy to delay payment of huge funds.

[chaser15]

I agree, it is  a child like action to whine about why this casino A is implementing KYC while Casino B is not.  If we don't want KYC let us just avoid it.  Why create drama about it is just a waste of time and temper  .

Anyway I don't mind if a casino implement KYC or not,  it is up to me whether to accept their terms or not.  But in case a casino where I played implement KYC then I would for sure follow their terms.  I have no choice since I agreed on their TOS, it is whether perform KYC or leave.

As the famous line says, "just go with the flow".

Simply, disregarding that crypto should be supposed to be private, a crypto-gambling site has its own set of rules. If we don't like their way, then leave. If we like to stick to using their service, then comply with everything. Their terms, their rules.

Referring to some reputable gambling sites today, I don't know what sites are currently having a mandatory KYC. I'm sure none yet up to this point.

[minime0105]

The KYC also seems to be a thing of the last few years. Previously, the KYC was checked much less and gambling sites had a lot more free play, it seemed. This also has to do with certain countries, in Curacao they are becoming stricter and more and more countries are expressly banned if you want to search certain websites. But I think there are no sanctions if a gambling site does not follow the KYC procedure. You may still wonder at what point a gambling site is required to implement the KYC.

From my own understanding concerning kyc verification I noticed that it is very important to any player concerning it form because it is been done in the favour of account being well-known by prayer but some people don't understand while kyc is been done and in some people also kick against it as a bad something. But the way i  see KYC I welcomed it very well because I know that it is something that will help a platform to be strong and effective to an extent

[khaled0111]

I do not see that there are many reputable casinos force players to do KYC, at least in the casinos I play such as Roobet, Stake, Chips.
Would you please share/mention the reputable casinos that force their players to do KYC recently?

There is no relation between KYC and the reputation of a casino. For example,  Roobet enforce level 1 KYC upon registration but it's still one of the most reputable casinos. Besides,  most of the casinos you have mentioned states clearly in their terms of service that they reserve the right to ask for identity verification practically whenever they want.
I totally agree with yahoo on this, am not against kyc but am against how it's being applied.

[harizen]

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.

Can you lead us on what are these well-known and reputable casinos that are now forcing their users to do KYC?

Are you talking about crypto-casinos or fiat casinos? If the former, I'm not aware there is. If the latter, I'm sure that was normal that KYC is mandatory.

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?

Are you referring to decentralized crypto-based casinos here, in general?

I think it's too early to discuss or not even worth spending our time to think that by now if they will also implement KYC here by force.

I can't think of any good reason why having forced KYC on these casino types should be asked to their users.

[LUCKMCFLY]

I think there's many casinos or reviews sites talking about KYC free casino, you can search on google. The thing is all of them are fake KYC free casino, they're not asking the KYC at the beginning, but when you search on their TOS you will see KYC is mandatory for them. Not only on casino reviews, few casinos in this forum also promote fake KYC free casino too lol. I think such casinos should be avoided since they're not really honest with the gamblers.

To be perfectly fair from these gambling crypto casino out there, most of them really do offer KYC-free on their platform however not having to do KYC has limits on your account such as the amount you can gamble and withdrawal. It also vary depending on these casino since you can sign up on their platform without doing KYC however if you have reached certain limit, you'll be subjected to a mandatory KYC process. Also, It is important to know the TOS of these casinos to avoid violating it and be subjected for KYC.

This is a very controversial issue, it has happened to me that I have been in casinos where they assure you that KYC is not used, but it is a false alarm, because really at some point in the game if they ask for KYC, this is something that like everyone You know, when you go to enter a casino, you have little patience to read the terms and conditions that are at the beginning when you register, so in part we ourselves as players are to blame in a large percentage, sometimes emotion can , of course I speak from what I have lived, and perhaps many also fall into the same, but that is another thing, but if the casinos should say that if there is something of KYC in them.