Zero KYC tolerance gambling platforms

[Hamphser]

<snip>

But there could be users that used the identity of other person for verification. Given that, let's say that the particular user used legitimate documents of himself/herself it will be then okay to be reported to the authorities.
The set of rules are dependent to the casino that implements it. If they are strict with it, then most probably you'll need to abide it otherwise, face the consequences such as not being able to play on their site anymore.

We know that there are indeed people who do make use of others identity or fake details or kyc verification but there are things which is part of verification which could easily exposed off if you are really that fake

or not and once they had able to see those differences then pretty sure there's no way for you to get out on getting blocked and locked up those funds on your account.We know that KYC do really sucks but

cant really deny out that they are just really that implying on what government had been required so imposing these rules strictly wouldnt really be that surprising.

[virasog]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Believe me or not but KYC is mandatory in the gambling world in one way or another. You may be given some benefit on not doing the KYC initially on the gambling site but later you may have to do it as sometimes you are not able to withdraw without KYC or you are being given some limitations which can only be removed if you perform the KYC.

As far as gambling sites are concerned, they are being forced to implement KYC so that they are not accused of money laundering and can save themselves in case some mishaps happen regarding the irregularity of money usage or transfer.

[theskillzdatklls]

MintDice has no KYC and in addition to that has instant account creation. No e-mail needed with secret key URLs.

[chaser15]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

KYC verification is always a very important requirement. However, if applied on crypto-gambling websites, shouldn't be mandatory or there's just an instance that it will be just asked depending on the account's problem or issues.

Technically, part of the regulation as it's not just to protect the site itself from abuse but also all of its users.

As far as I know, there's no crypto-gambling site yet that mandates KYC. If there is, may I know what are those sites?

[Mate2237]

Casinos are implementing it for the benefit of both parties. It will a good way to control money laundering because casinos are protecting their reputation against scammers and launderers. We might doubt it since we're going to provide our personal details but it will help us have assurance when it comes to security. It could stop illegal activities as well.

Yes that is nice idea of it. It will be safe for the two, just like an agreement between the two that agreed on a particular thing. Without KYC, many gamblers abuse the system. They misappropriate the whole system plus the bonuses. So the KYC the misappropriation of stake is control to some extent. But there are some casino company or sites that are not using KYC, yet they are doing fine. What method do you think they are using to control their customers?
With KYC the scamming rate of casino's platforms have been reduced. In the nutshell, KYC is the public key to verify the authenticity of the gambler

[ChiNgadOr]

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

KYC Is a very important requirements need by casinos to make sure that the original person is the one handling the account. Money is involved here and I bet it that no one will take it likely with a casino if they find out that there fund is no more in their account again which might be as a result of hackers compromising the account. This is where KYC is very important to ensure that in a case where the account is compromised the casino can ensure that the hacker has less activity to do which will limit them from taking full control of the account.

[ethereumhunter]

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

If there is any abuse doing by the user, the casino can see their identity and immediately report it to the authorities. Indeed some gamblers who don't break any rules, don't like KYC for personal security reasons because they don't want to send their documents to other parties. But they are forced to obey him if they want to keep playing at the casino site.

But we can still play on casino sites without doing KYC because some casinos still allow it, especially if we only use small money to play gambling. And if the casino does a check, they will not find any violations or use of big money to gamble.

It's not all about the user's security but rather it also involves the security of the gambling platform itself such as what you've said about abusers or probably fraudulent transactions that they would like to avoid happening on their platform. If a gambler isn't comfortable providing their identity on the casino, then I suggest they either gamble small or avoid going over the withdrawal limit for KYC-free users and not doing anything that would violate the terms of the casino. But if you want to continue gambling at the said casino and that you trust it, then proceed with the KYC and avoid providing it on other platforms.

For the safety of the gambling platform, I'm sure they will always keep an eye on the platform for attacks or abuse from its members so that they can act quickly when they see something suspicious. And what you say is true not to use big money and never exceed the limit to avoid KYC, although that does not rule out the possibility that later the casino will apply KYC to all its members. If so, we have no other choice.

<snip>

But there could be users that used the identity of other person for verification. Given that, let's say that the particular user used legitimate documents of himself/herself it will be then okay to be reported to the authorities.
The set of rules are dependent to the casino that implements it. If they are strict with it, then most probably you'll need to abide it otherwise, face the consequences such as not being able to play on their site anymore.

Yeah, I guess that's also the case because we know people can easily borrow other people's identities and verify their accounts. And as long as the verification doesn't use live verification, they can definitely verify their account easily. But the casino can still suspect if the account is not genuine. If we don't abuse or break the casino rules, we'll be fine gambling there.

[piebeyb]

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

[Cookdata]

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

I hope one day you don't explode with anger and surprise if you see your documents being illegally used by another person to commit fraud or a crime of some sort due to mismanagement by casinos, KYC and Bitcoin were never in the same pattern, their principle and mode of operation.
Casinos were long there and working in good shape until bitcoin Casino start popping up, since the traditional ones found out that they always have limitations in deposit and how to prove fairness to people, they started accepting bitcoin and some other sort of crypto and this decision increases the gambling casinos and people today due to use of bitcoin. Now, tell me why they shouldn't allow people to do their thing the bitcoin way and be KYCless, the email and mobile number are enough to allow any play free, at least they know who they are basically dealing with.

Additionally, submitting a KYC doesn't guarantee that a player is genuine, players can submit wrong documents and find their way out of strict casinos that always demand KYC, we need a financial environment to a level to protect people's privacy.

[khaled0111]

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

[Viscore]

Sorry to say kyc is one thing important in gambling site to avoid money laundering and any mal activities which might likely happened. So as a gambler you should be prepare for revealing your personal identity or going through verifications processes.
I don't really see any laws holding you not to pass the verification process or maybe you are not wanting to gamble, most gambling site I have came across with always source for kyc details.

KYC verification is not new to us since most of the established and reputable casinos are already doing that. Except in gray areas, you don’t have to pass KYC but if you also win a huge amount, there will always be problems and delays for sure. The reason why we have to settle for KYC exchange, aside from we can gain more security from our possessions, we can also expect for fast and safe withrawal. Being anonymous is good, but if it’s the only reason why you can’t play your favorite game in a good and established casino, then it will still be useless in the end.

[erep]

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

KYC requirements will be subject to change depending on regulatory updates from authorities, so we must be willing to KYC whenever needed for casino account verification even if we have low balances on casino accounts, but since many established casinos have already determined KYC then it is ensured that more users are willing or have verified KYC, if KYC verification is not too bad to prevent money laundering crimes and can be useful as proof of account ownership if the account has been hacked.

[delfastTions]

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

KYC requirements will be subject to change depending on regulatory updates from authorities, so we must be willing to KYC whenever needed for casino account verification even if we have low balances on casino accounts, but since many established casinos have already determined KYC then it is ensured that more users are willing or have verified KYC, if KYC verification is not too bad to prevent money laundering crimes and can be useful as proof of account ownership if the account has been hacked.

All this is 100% lies about the fact that KYC is very important when laundering money that someone got by criminal means. 
KYC is not a hindrance to any criminals at all.

 I'll tell you why the American authorities came up with and are actively implementing KYC.  This is connected with the banking lobby precisely to collect information on the income and money turnover of millions of residents and the United States and in general everyone in the world.  And these databases are used for taxation and also as a tool for advertising and imposing on you loans from banks that the AI ​​connected to the system will impose on you.  Probably everyone has already seen this type of offer in their PC or mobile phone.  So this is the consequences of your passing KYC.  Definitely a crappy procedure to control the entire population of the country.  And who is this bastard that introduces KYC into the cryptocurrency industry?

[worldofcoins]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

We should not discourage the importance of KYC; it's an import; to inspect it to avoid terrorism funding, money laundering, or any such illegal activities.

Yes, some casinos don't require KYC, but we should strongly discourage them. It's for our safety.

[maydna]

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

We should not discourage the importance of KYC; it's an import; to inspect it to avoid terrorism funding, money laundering, or any such illegal activities.

Yes, some casinos don't require KYC, but we should strongly discourage them. It's for our safety.

And for the future, it seems that the government will implement KYC in all businesses, not only in gambling but as a contributor to income for a country. The gambling business is closely monitored because many people can enter and leave easily, even if they do KYC with a false identity. Crime cases like what @worldofcoins has been saying have happened frequently, and many of these cases cannot be detected where the funds come from, so KYC is needed to find out. KYC has been implemented in several crypto casinos, although not all. In the future, the government will implement KYC in all casinos to avoid these crimes.

[Alphie12]

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

If your account gets hacked then you are on your own. No one is going to help. Use 2FA.

[yayayo]

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

[Hispo]

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

If your account gets hacked then you are on your own. No one is going to help. Use 2FA.

I am aware that not all people that gamble are actually very into cryptography in general, but there should be also an option to register an address which one could declare to the casino one has complete control over, and in case of hacking or loss of access, then a simple signature should be enough to prove one's identity and at the same time keeping the non-KYC model intact.
It could be a similar system we use here on the forum with the staked addresses.

[DoublerHunter]

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play.  So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

[Lanatsa]

Most casinos and or/bookmakers advertise that no KYS takes place. Unfortunately, we cannot take those promises for granted. What we see more and more often is that no KYC is requested for low amounts, but as soon as more money is won, the problems start. There are sites that perform a KYC when a player has registered, which is most fair, but I understand that you can lose a lot of potential customers with that. And there are also players who do not want to participate in a KYC procedure at all.

ya.ya.yo!

^KYC procedure versus a non-reputable gambling casino, I still prefer the KYC casino, it feels safe for me with the KYC casino because I know KYC casino has jurisdictions to follow based on their licensing. I don't think that there is lose a lot of potentials, one of my examples is Roobet which from zero KYC until now required KYC procedures they have still many gamblers to play.  So I think that does not matter to them the most important is the reputation of the casino not the KYC procedure.

Even myself would definitely be get in line with those KYC casinos and never ever touch up non popular ones because we do know the risk of losing money or speaking with security.Some people are really just

too keen or minding about their information which i couldnt blame them but some people thing that if there's nothing you've been hiding then exposing or complying KYC wont really be that much of an issue.

For now we do have still lots of platforms which we could still play without the need of these verifications which is something that we do really prefer most of the time.
It cant really be just happening that there are no who had been implying out these rules considering that they are regulation or centralized.