Do You Want KYC at Crypto Casinos During Registration?

[Pmalek]

If the casino asks for KYC during registration, I might give them as long as  I have a guarantee that my data is save

No one can guarantee that. And even if they are, they will be lying to get you to comply with their requests. Everything that is centralized is under the threat of getting hacked sooner or later. The world's biggest sites and companies have, why would it be any different for a small online crypto casino?

but if because I win big,the casino is now asking for KYC. I will not give them and will never gamble in their platform anymore.

That also means that you will most probably never get your money off of their platform.

The casino is an entertainment facility, even if it is related to finances, if a player wants to play for millions (obviously a large sum), then the tax police, and not the casino staff, should study the origin of his funds.

Unfortunately, that's not how it works. If the authorities have reasons to suspect that money was laundered through a business such as a casino, they are going to investigate what that company did to try and prevent that from happening. If they did nothing, they could be considered accomplices and be investigated, temporarily shut down, or forced to pay fines. So a casino will always protect its ass even if it means hurting you - the player.

[1714956416]

1714956416

[1714956416]

1714956416

[1714956416]

1714956416

[KTChampions]

The casino is an entertainment facility, even if it is related to finances, if a player wants to play for millions (obviously a large sum), then the tax police, and not the casino staff, should study the origin of his funds.

Unfortunately, that's not how it works. If the authorities have reasons to suspect that money was laundered through a business such as a casino, they are going to investigate what that company did to try and prevent that from happening. If they did nothing, they could be considered accomplices and be investigated, temporarily shut down, or forced to pay fines. So a casino will always protect its ass even if it means hurting you - the player.

Yes, I understand what you are talking about, but in my opinion, the very existence of the KYC protects both the casino and the player from the need to prove (to the casino) the purity of the funds. The casino only transmits data to the tax police: the player's full name brought in so much money -> withdrew so much. That's it, nothing else is required, then the tax police communicates (If necessary) with the player directly.
Let's say I'm a legal multimillionaire, will I really send my documents confirming the origin of funds to every casino if I decide to play in it? I don't think this will suit anyone. But to go through the KYC procedure and then not receive any questions from the tax inspectorate (because they already see that I am a legal millionaire and do not wash money in the casino) will suit me.

[eaLiTy]

~
Let's say I'm a legal multimillionaire, will I really send my documents confirming the origin of funds to every casino if I decide to play in it? I don't think this will suit anyone. But to go through the KYC procedure and then not receive any questions from the tax inspectorate (because they already see that I am a legal millionaire and do not wash money in the casino) will suit me.

I would assume that even millionaires who wage a large amount of money will be undergoing KYC rather than providing fake documents because majority are waging huge amount of money. Drake story about gambling in stake was initially covered in an article regarding a UFC event and now they are official partners and even during UFC 280 i heard a couple of podcasters talking about placing a bet on stake worth $50k for Sean O'Malley and i am sure they need to undergo KYC.

I doubt online casinos will be giving out information about anything to any authority unless there is a scrutiny during any investigation regarding the source of money or certain transaction which is connected to their investigation and only then they will provide the authorities the data regarding any transactions.

[South Park]

Freebitcoin is the old and biggest gambling site without KYC, that site is very trusted here. but, I really sure if the user withdraws in big money, KYC is must required, right?. If something rouse suspicion what ever gambling site with or without KYC, it could be required for each user.

It is already existing that if the  withdrawals are big then KYC will be required and since you are withdrawing btig amount then you have no choice but to comply right?

but for me personally , I would rather deal with KYC in the beginning so I will never have any issue in my future betting.

this is something that we gamblers wanted to be assured off.

While that would be the correct thing to do casinos do not want to be so strict with their KYC requirements as they know people are not really happy about having to go through them, so if a casino did this you can be sure they will lose a lot of clients, because as soon as some gamblers saw this they will just move on and keep playing at the casinos which do not have this requirement or in which they have already identified themselves after playing for a long time.

[yayayo]

Legislation is also getting stricter. Players no longer have a problem working on a KYC once, right? There are casinos that use this to delay payouts, but most casinos have this sorted out in a few hours or 1 day anyway. Crypto gambling has come on the market quite late, before that verifying an ID was always necessary. For the new gamblers it can be annoying to participate in a KYC. I would not care about it at all.

ya.ya.yo!

[Mahanton]

Legislation is also getting stricter. Players no longer have a problem working on a KYC once, right? There are casinos that use this to delay payouts, but most casinos have this sorted out in a few hours or 1 day anyway. Crypto gambling has come on the market quite late, before that verifying an ID was always necessary. For the new gamblers it can be annoying to participate in a KYC. I would not care about it at all.

ya.ya.yo!

Regulation do indeed becomes stricter as government would really be that keeps an eye specially on crypto based or related sites or platforms which is really the thing that they could touch up but since we do have that
standard laws and regulations in speaking about money laundering then it turns out that these are just pretty basic things.For someone who doesnt really need to hide off something
or doesnt care about those documents or personal information then this wont really be that an issue.All of people doesnt really like KYC and this is where
crypto gambling did boom out.

[KTChampions]

~
Let's say I'm a legal multimillionaire, will I really send my documents confirming the origin of funds to every casino if I decide to play in it? I don't think this will suit anyone. But to go through the KYC procedure and then not receive any questions from the tax inspectorate (because they already see that I am a legal millionaire and do not wash money in the casino) will suit me.

I would assume that even millionaires who wage a large amount of money will be undergoing KYC rather than providing fake documents because majority are waging huge amount of money. Drake story about gambling in stake was initially covered in an article regarding a UFC event and now they are official partners and even during UFC 280 i heard a couple of podcasters talking about placing a bet on stake worth $50k for Sean O'Malley and i am sure they need to undergo KYC.

I doubt online casinos will be giving out information about anything to any authority unless there is a scrutiny during any investigation and they data regarding any transactions.

This is exactly what I am trying to prove: the KYC procedure should free you from the need to prove the purity of funds. If a person has identified himself, then the casino has nothing to worry about, since in case of problems this person will be punished by the tax police. And I don't know why you think casinos don't provide player data to government agencies. I think that most provide data because otherwise they would not have licenses in the territory of those countries and would be banned.

[Vaculin]

I agree and don't mind doing that.

Especially for "CASINO" who asking KYC at the time we're registered and "BEFORE WE DEPOSIT" the fund. The problem we are facing is, some of CASINO is asking KYC at the time we're winning or after we deposit the money.

Another things for "KYC" problem: Source of Income & Proof of address in some third country not everyone have this, because most of us, still living in the family. I'm hoping to get a solution for this one, it's make a big problem for some people.

Majority of these casinos nowadays are just taking advantage and using the KYC method to prevent users from withdrawing their funds, it really looks like that they just want us, the bettors, to deposit and deposit without enjoying their winnings and that's where nasty things begin. Honestly, I also don't mind at all if they will ask KYC because I understand that they are just following what the authorities wanted them to do but they should ask it up front when registering or when making some deposits and not when we decide to withdraw it.

[panganib999]

I agree with the sentiments of some here. Especially regarding being blocked by KYC when they are just about to withdraw their winnings or after a massive win, making it look like they are being stopped from getting the prize they so deserved. However, there is logic behind this, although said logic isn't really something that takes the welfare of the customer. They are making sure that your money is not going elsewhere basically, without a pesky KYC that takes minutes or even hours in certain instances to finally push through, you could just withdraw your funds easy-peasy. Also this making you stay longer within their website brought about by the KYC provides traffic to their website, which means more money for them.

[348Judah]

I don't like anything that has to do with KYC from the first day because of it intrigued pool of questions concerning ones private life, i thought about it that why will they require for an information they will not make use of and this gives me the straight answer for an individual that they will definitely work towards every information received by them from ou in later life, by then you might have forgotten, now gamblers prefer crypto casinos that will require not KYC right from the registration to the whole services enjoyed by the gamblers just to secure themselves against any future panic of being tracked.

[noormcs5]

What is happening with KYC that is so troublesome?

When you open a betting account, most casinos won’t ask you who you are.
When you want to deposit cryptocurrencies, you’re welcome to do so.
If you want to bet and play games, there usually aren’t any problems.
If you lose your coins and you wish to deposit more, no one asks you anything.
No one is called a cheater or a rule breaker when they are losing. There are no TOS infringements, either.

But if you start winning and win big, you soon become the center of attention. All of a sudden, it becomes important who you are, where you are from, the origin of your coins, and whether you have any ulterior motives for being here.

Do we have any options to avoid KYC or not face this disgusting situation offered by the casino in case we win big amounts 
I am afraid we are just helpless in front of these centralized casinos. We are not so powerful to dictate the casino. It's a pity that gamblers spend money on gambling platforms, yet they have no voice , no rights. We are at mercy in the hands of gambling houses.

The only way to survive in this gambling market, is to perform the KYC initially rather than waiting for the withdrawal and then get the surprise.

[Pmalek]

Do we have any options to avoid KYC or not face this disgusting situation offered by the casino in case we win big amounts 

No, not really. The terms are rarely in the player's favor. By accepting them (something you have to do when registering an account), you agree that the casino has the right to make enquiries and request that you verify yourself. They condition you by freezing your balance until you have done what they want you to.

You only have a chance against them if you manage to find a term in their rules that allows you to reject KYC requests without them having the right to confiscate or freeze your money. That, together with community pressure and negative press could be enough to change their mind.   

[Smartprofit]

Majority of the gamblers have got used to it. Maybe one out of hundred makes a big win in gambling. So, this hasn't turned to be a big issue among the gamblers. In simple terms people have used to it. Majority have small wins and that doesn't require any KYC for the withdrawal. KYC at the time of registration will be a big blow to the gambling house, because gamblers prefer to stay anonymous.

Yes, in my opinion, information about the need to pass KYC when registering at an online casino is a good option. 

It is much worse when the need for KYC is announced after the game and the attempt to get a win.  If an online casino involves passing KYC when registering with an online casino, then a potential player receives all the information he needs. 

At the same time, he gets the opportunity to make an informed choice not to use the services of this casino, but to look for another one (without KYC).

[348Judah]

Yes, in my opinion, information about the need to pass KYC when registering at an online casino is a good option. 

Why should it sound good? isn't because of kyc and privacy that makes you choose alternative to government controlled system of fiat with cryptocurrency here, don't you want to secure your private details, gambling sites are strictly meant for betting and no need for unnecessary KYC because it serves even a waste of time, i want to gamble and you're asking me about alot of personal information i wouldn't want to give.

It is much worse when the need for KYC is announced after the game and the attempt to get a win. 

That is why it is better to avoid it entirety from the start, it they demand it in the beginning there's no certainty that it won't be requested again with time, the best way is to get a KYC free casino to use for your gambling experience

[eaLiTy]

~
Let's say I'm a legal multimillionaire, will I really send my documents confirming the origin of funds to every casino if I decide to play in it? I don't think this will suit anyone. But to go through the KYC procedure and then not receive any questions from the tax inspectorate (because they already see that I am a legal millionaire and do not wash money in the casino) will suit me.

I would assume that even millionaires who wage a large amount of money will be undergoing KYC rather than providing fake documents because majority are waging huge amount of money. Drake story about gambling in stake was initially covered in an article regarding a UFC event and now they are official partners and even during UFC 280 i heard a couple of podcasters talking about placing a bet on stake worth $50k for Sean O'Malley and i am sure they need to undergo KYC.

I doubt online casinos will be giving out information about anything to any authority unless there is a scrutiny during any investigation and they data regarding any transactions.

This is exactly what I am trying to prove: the KYC procedure should free you from the need to prove the purity of funds. If a person has identified himself, then the casino has nothing to worry about, since in case of problems this person will be punished by the tax police. And I don't know why you think casinos don't provide player data to government agencies. I think that most provide data because otherwise they would not have licenses in the territory of those countries and would be banned.

The only reason is there are 195 countries and these online casinos are registered in one country for their licenses and if that particular licensing authorities ask them to provide the details they might furnish them, but you think with 100s of casinos online the tax authorities of all these 195 countries will be contacting all these online casinos about who is gambling in their platform. Not sure if that is even possible that they will be providing all the information to multiple countries just to be on the good side   .

If i make a public statement that i am gambling in so and so website, the tax authorities who is monitoring my activities might check with that platform and the casino might furnish those details. With 100s of online casinos and if i am not using the banking system to fund those casino, how the tax authorities will know about my gambling activities. Unless the source of my cryptocurrency is tainted and it is under scrutiny i will be under investigation but the chances that the same investigating authority will be from my country that i am paying the tax is remotely small.

[KTChampions]

This is exactly what I am trying to prove: the KYC procedure should free you from the need to prove the purity of funds. If a person has identified himself, then the casino has nothing to worry about, since in case of problems this person will be punished by the tax police. And I don't know why you think casinos don't provide player data to government agencies. I think that most provide data because otherwise they would not have licenses in the territory of those countries and would be banned.

The only reason is there are 195 countries and these online casinos are registered in one country for their licenses and if that particular licensing authorities ask them to provide the details they might furnish them, but you think with 100s of casinos online the tax authorities of all these 195 countries will be contacting all these online casinos about who is gambling in their platform. Not sure if that is even possible that they will be providing all the information to multiple countries just to be on the good side   .

If i make a public statement that i am gambling in so and so website, the tax authorities who is monitoring my activities might check with that platform and the casino might furnish those details. With 100s of online casinos and if i am not using the banking system to fund those casino, how the tax authorities will know about my gambling activities. Unless the source of my cryptocurrency is tainted and it is under scrutiny i will be under investigation but the chances that the same investigating authority will be from my country that i am paying the tax is remotely small.

In terms of numbers (the number of countries and considerations that they are unlikely to report to the tax authorities of each country), you are right. The problem is that theory and practice do not converge. How much do you know about the jurisdiction and taxes of Somalia, Zimbabwe, Guinea and Bissau etc.? I think very little because in fact there are two groups of countries - dollar-centric and all the rest of varying degrees of marginality. We all want (although I should not speak for everyone, maybe someone wants to have their money, for example, in the jurisdiction of Iran) to have money in the jurisdictions of developed countries and it is desirable that it be dollars/cryptocurrencies. But these jurisdictions are strict and everything is inevitable - tracking funds, taxes, KYC/AML and if the player can somehow avoid this then any serious business (which is a casino) can not.

[Unsoldier]

I don't like it when casinos require KYC from their users. But it's hard to find a good gambling platform that doesn't request verification. All I can advise is this. Always make sure to watermark your photos. This procedure will help to make your data unusable when casino databases are compromised.

[Sandra_hakeem]

I won't say that I'ma gambler though but, if I were to decide to have my way in gaming, I'd prefer that casinos require KYCs at the first stage of registration INSTEAD of allowing a user to own an account, deposit funds then begin to wager ......then asking finally for it at the time of withdrawal, that -- to me, looks like they're somehow tryna introduce Incessant protocols for the fact that the user has won a bet in their sites. The "Know -your- customer" policy is very imperative this days --most especially in a crypto casino site -- because without it, anyone could simply log on your account and withdraw your funds into a different wallet....that, ofcourse happens accidentally yunno.

Sandra 💇

[$crypto$]

I don't like it when casinos require KYC from their users. But it's hard to find a good gambling platform that doesn't request verification. All I can advise is this. Always make sure to watermark your photos. This procedure will help to make your data unusable when casino databases are compromised.

Some of us are sure against KYC from any casino we play but after it becomes a big win it will be the center of attention as the OP explained, but every casino has rules in our TOS that must be read and from some casinos, KYC will be needed if there is anything we suspect, there's always a word it's possible for a big winner.
Watermarked photos, but I know every KYC they always ask for clear photos without any extras including watermarks even though I haven't tried KYC in other casinos.

[crzy]

I don't like it when casinos require KYC from their users. But it's hard to find a good gambling platform that doesn't request verification. All I can advise is this. Always make sure to watermark your photos. This procedure will help to make your data unusable when casino databases are compromised.

That’s a good one, as long you don’t put that watermark on your face probably the site can accept that. There’s a way to be more secured and if you still afraid of KYC then it’s really hard to find a good site. I prefer being asked for KYC during the registration because at least I know that it’s a requirement and will do some actions as well to protect it. Gambling site may start to ask this as regulations are happening, we are slowly getting into this requirement.