Unpopular opinion about crypto gambling

[noormcs5]

Why ? Just why ?

Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?

I think OP is against the KYC more than the gambling itself.  I too agree that gambling sites which make KYC mandatory are not good for us who want to remain anonymous but usually we don't have many choices but to accept KYC. You can choose on playing non kyc platform but the good ones without kyc are hard to find.

The more pressing issue in that image is the fact that crypto has been advertised as "anonymous" or "private" that's why they mock anyone who submit their identity. Using crypto in casinos or any other platform that asks KYC is in contradiction or defeats the purpose of why it's been created.

There are bad people who will misuse gambling platforms for money laundering and in order to fight them, KYC is implemented.

Anyways, if anyone can share non-KYC reliable gambling sites, it will be good for everyone who are hesitant to share their KYC online.

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[chaser15]

Why ? Just why ?

While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.

I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.

Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.

[Slow death]

In the end you need to provide your personal information in life for anything that involves huge amount of money.

*When you open a bank account.
*When you buy a house or a car.
*When you win the lottery.
*When you pay taxes.
*When you win a huge amount in the casino.

It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.

the problem is not that of doing something illegal, the biggest problem is the fact that the person has to deliver documents on the internet sites when they are anonymous sites and that the owners of the sites are anonymous, so how a person will feel good and safe to do Is KYC on an anonymous site a good choice? Where do your documents go when you KYC at the anonymous casino? who is keeping an eye on the anonymous casino to make sure your documents are safe and won't be sold to some criminal? how many cases of data sales have we heard? At least I've heard many cases of data sales, there's no way for anyone not to be afraid to KYC on online sites like casinos and exchanges

Why ? Just why ?

While sharing that image, you should also add some additional information on what are those crypto-gambling sites that already asking for KYC.

I don't know yet a crypto-gambling site that asking KYC as a mandatory thing.

Not unless if it's about big winnings or something unusual activity on that account, that might trigger the KYC stuffs.

at least for now we are really safe because crypto casinos only ask for KYC in case of any suspicious activity detected. but in the future governments will put more pressure and casinos will be forced to ask for KYC as soon as the person creates an account

[goinmerry]

Be ready then as maybe in the near future, expect that crypto casinos and bookies might now implement a KYC procedure. That was part of the regulation and gambling sites have no choice but to implement it.

Do we have a choice once it was strictly imposed on us?

My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?

[livingfree]

There has to be reasons why casinos are asking us for our KYC. One that I can think of which a very important matter to them and for the government is all about money laundering.

Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.

In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.

[BitDane]

A simple answer, just don't gamble if you don't want to under go KYC. 

Each company has policy but company needs to comply with government regulation.  It isn't the company that wanted you to undergo KYC but it is the government regulation.  Beside government will never accept the excuse of evading KYC because we are using cryptocurrency.

[Poker Player]

Why ? Just why ?

His mind will change with time, if it hasn't already. What I think is that this image is outdated. If he was saying it 5 years ago, it would probably be correct to think that it is stupid to gamble in KYC casinos, but nowadays where it is more and more common, and with the trend that is taking us to more and more KYC, it is not that it is stupid or not, it is that in a few years there will be no non-KYC sites that can operate in most countries, as they do now.

[crwth]

Why not? I think it depends on the part where the user wants to play with his crypto anonymously or not because if you have KYC would automatically be linked to the deposit that you are going to do, which could lead to some privacy issues, but if you have trust and the platform is okay, so why not?

[Nrcewker]

I too agree on OP with this particular thing.
I mean we are using crypto for it’s decentralised nature and anonymity. So why the hell crypto casinos asking KYC for each and every gamblers?
Yes you can ask for KYC if you suspect any unusual behaviour from a player, but asking KYC from all is strictly frowned by many of us.
It just wastes the feature of decentralisation and makes me feel like playing in a FIAT casino with giving them my identity details.
Nevertheless it’s just my opinion. Willing to hear what other people have to say on this.

[Mr. Magkaisa]

Why ? Just why ?

In short, based on the picture you showed, any cryptocurrency gambling platform that asks for KYC is or its owner is Stupid? If crypto gambling is under-regulated by the government, I think that's normal. Also, a cryptocurrency gambling platform does not dictate or oblige any gamblers to enter or play on their platform.

Apart from that, if you read the rules and policy and see that there is KYC and you also enter, in the end, you will be the stupid one. That's why it's always said here that you do it at your own risk, just in case you have a complaint, you know or we are the ones who made mistakes and shortcomings.

[Bitinity]

I too agree on OP with this particular thing.
I mean we are using crypto for it’s decentralised nature and anonymity. So why the hell crypto casinos asking KYC for each and every gamblers?
Yes you can ask for KYC if you suspect any unusual behaviour from a player, but asking KYC from all is strictly frowned by many of us.
It just wastes the feature of decentralisation and makes me feel like playing in a FIAT casino with giving them my identity details.
Nevertheless it’s just my opinion. Willing to hear what other people have to say on this.

I thought the same few years back when I was new in this crypto industry, at that time even exchange did not ask KYC but it is now required in most exchanges. The same happens in this gambling industry, as it is due to regulation and license. Although most crypto casinos do not take it as mandatory requirement but they have the right to ask it later for specific reason. Even if you do not like KYC in crypto gambling, but you like to gamble, you need to be ready for it or at least you should think about what to do once a casino ask you to complete KYC.

[piebeyb]

Since bitcoins are listed on major exchanges where they have to comply with the laws implemented by the government for crypto exchanges, since bitcoin is invested by many famous people, KYC has become the most important rule there to avoid money laundering and has also become a concern of governments in almost every country. to apply it even on gambling sites also follow those rules, besides gambling you will also be asked to complete KYC on exchange sites if you want to withdraw money above 1 BTC, so it's not difficult to follow these rules, don't play on gambling sites if you don't want to. obey the rules and play if you want to follow the rules

[Wexnident]

Can't deny that. Op knows and probably many others as well know how casinos are simply asking for KYC for compliance towards regulations of each country so they can continue to run their casino, I mostly tried to go to casinos without KYC early on even if it was temporary but it just became a pain that I'd accepted it fully after some time. If a reputable casino were to pop out that would fully commit to having no KYC in their entire service then sure I'd go for it, but I hardly doubt it's going to ever happen.

[swogerino]

KYC in most of the trusted and reputable casinos is only involved when you win a huge amount of money,they don't ask you for KYC when you deposit a huge amount of money which I think they should as whales should be known who they are to the platform.

For other people that are normal average gamblers that play there no KYC is involved as long as the amount withdrawn is not significant.So as long as you don't want KYC play with little money or if you want to go all in then KYC is mandatory in order to avoid problems later which may arise because of huge amount withdrawals requests.

[Slow death]

There has to be reasons why casinos are asking us for our KYC. One that I can think of which a very important matter to them and for the government is all about money laundering.

Money launderers are aware of this that they can flow and send their money into casinos and have it replaced.

In that manner they can't be traced that they've laundered money and that's why there's a strict implementation towards it from different casinos that we know of.

even in the anti-money laundering part I understood, but the problem here is:

Couldn't the money launderer create a casino and operate and launder money? so why can the casino owner be anonymous but the customers can't be anonymous, do you have to do KYC? This is the part that doesn't make sense and also when a casino asked KYC which government checks that the casino is not laundering money? if the casinos had US or EU license which are strict then it would make much more sense to ask their customers to KYC, in any case I KYC at the casino I use, I have no problem doing KYC as long as it is an old, reliable and I can see that they care about sponsoring things in the real world, because by sponsoring things in the real world the casino will not steal money from customers and risk having their reputation destroyed and the police after them.

A simple answer, just don't gamble if you don't want to under go KYC. 

Each company has policy but company needs to comply with government regulation.  It isn't the company that wanted you to undergo KYC but it is the government regulation.  Beside government will never accept the excuse of evading KYC because we are using cryptocurrency.

Of course, if the person doesn't want to do KYC then he has to choose a casino where they don't ask for KYC, but the question that makes people not do KYC is because the casino is anonymous and the casino owner is also anonymous, and if the government is talking about money laundering so also a criminal can create a casino and launder money, so I ask again: why is the owner of the casino anonymous and the customer cannot be anonymous? where is the sense in that?

My question to OP is, do you still want to do gambling at crypto if ever KYC will be implemented?

he has no choice, if he loves to play in the casino or if he is looking for profit in the casino then he has no choice if in the future all casinos will ask for KYC right after creating an account, unfortunately in the future all casinos will ask for KYC because the laws of governments are walking for tough laws, especially in the matter of money laundering

[FatFork]

There are several reasons for that. Some casinos have chosen to ask their users for KYC information in order to adhere with the laws and regulations of their jurisdiction. In many parts of the world, the law enforcement agencies and greedy government officials are now watching over online casinos in full force. As a result, some operators have chosen to ask certain users (not all) to submit their identification documents rather than risk legal trouble or being shut down.

The other reason why some casinos ask for KYC information is because they are simply trying to protect themselves from fraudsters and cheats. The casino industry is one of the most vulnerable ones, since all it takes for someone to steal your money is a simple username and password combination. Therefore, many operators have decided that they need more than just your email address before they send you your winnings or even credit balance.

Some casinos may not be asking for KYC because they are still in the development phase and do not want to restrict their player base by requiring identification documents. However, it is important to note that casinos that do not ask for KYC might still be required by law to collect identification documents from their users at some point, so it is always a good idea to read the terms and conditions of your chosen casino before making a deposit. If you are not sure if your casino requires KYC, it is best to contact them directly or post on their social media pages to find out more information.

[Cryptomiles1]

I have come to understand that kyc is now raising a big issues and concerns. But realistically kyc shouldn't make effectives on the gambling site apart from exceeding the maximum limit otherwise should not frustrates it's uses by passing through difficulties before they could get approved. Most at times those gambling site the withheld payments due kyc or not too visible details to submitted to the sites and will result as banning them or desabling their accounts.

[BobK71]

No gambler likes KYC but KYC is necessary for some reasons. Sometimes it becomes necessary even if you don't want it. When your money is increased and shows large numbers, if there is a problem due to some error, it will definitely not be acceptable to you. Not only that a casino house can run into any type of lawsuit if it doesn't have KYC will never track the users. I think it is necessary to take a decision considering the negative and positive aspects of KYC.

[Taskford]

Why ? Just why ?

Its the same with your wallet provider who ask KYC  so get used to it and its not stupid since its part of the system especially if there's money involve. Instead looking at negative side on it much better if you adopt the good side since it will just save us from several incidents which we need to prove our ownership of the account especially if there's something strange or bad happens to our account. If your worried about government tracking users then don't look at it as a problem if you are law abiding citizen but if you do illegal act then you start to worry with that.

[qwertyup23]

I do not think so- remember that most online gambling websites are respectively mandated by their government to provide KYC documents.

With the popularity of online gambling due to the pandemic, the government has recognized its existence and the need for it to tax in order to provide additional revenue. Bearing this in mind, it is nothing but obvious for them to tax these online establishments for proper regulation of the stream of revenue.

While you do not entirely agree with KYC on crypto gambling, remember that this is only a security feature installed by the government.