What would be an ideal KYC solution?

[decodx]

The points i want to make here are,

1. If you play with small stakes, KYC is really annoying and likely to make you quit.

2. If you play big and win, the casino will think you are not a true player and ask for KYC.

3. If you want to withdraw the money you won, then why should a casino know your identity? Isn't KYC because of AML laws? What does winning at the casino have to do with money laundering?

4. There should be a cash out threshold in the casino that should trigger the need for KYC.

5. The KYC process itself is time consuming and will go on and on until you say ok enough already and leave this casino forever.

6. The casino will try to make you believe that KYC is a legal requirement, but it's not always the case.

7. Some casinos have no business asking for your identity and should not be allowed to do so. For example, unlicensed and unregulated casinos.

[RILWAN]

When it comes to KYC two things are involved.
1: the casino, it is within its right of operations to ask for KYC at regular intervals or as a prerequisite for opening an account with them.
2: the player, who is the client also has the right to either look away from KYC compliance casinos or give up the documents for verification and risk losing their privacy.
So it is clear which step to take to avoid unsatisfactory results for both the casino and the players.

[PX-Z]

In an era like this, kyc is a trend almost required in any platform that something to do with fiat. That's why users tend to submit their info like it is nothing special, and no harm will happen like i always read in any kyc concern thread.

If we're talking of kyc preferred triggers, maybe only to those "legit" suspicious activity detected and a certain higher withdrawals, nothing else. This setup works in some reputed casino why not it is not followed to those new casino as well? Or to all casino.

[abel1337]

First, I would like to say that this topic is best created on gambling discussion board, so it would be nice if it is moved there.

For me, any balance is OK to ask a user for kyc, I have kyced on big casinos like stake and the rest, on my own and with zero balance, I did not wait until the casino made the passing of kyc verification compulsory for me to continue using their platform.

KYC brings benefits to both the casino and the gamblers, one of those is that it protects the casino and the users from malicious users, also help to keep the rate of multiple accounting at its barest minimum.
I personally had never had any problems with kyc, but all I make sure of is this that I am not giving my documents to scammers, but rather, to a reputable company to enable me enjoy their services with limits.

if you don't want any trouble, just play on a reputable casino, which you think you won't have problem submitting your kyc docs.

Exactly the point I was trying to make, I think the whole issue and argument in regards to kyc is because many gamblers want to gamble to make money but are not willing to release their identity, some times it makes me wonder how we all were able to play on the land casinos when online casinos was not yet a reality, do some of us have a ghost-mode switch which we press to turn off our real identity when we visit the land casinos?
Of course not, we visit there in and with our real identity, why now has it become a problem for us in the online version of casinos?

I believe no body is ever forced to using an untrusted casino, wherefore when they ask for documentation verification, we begin to panic for what they are going to use it for, if you are such a person, then just stick with the reputation casinos and have your kyc documents ready any time it is request, for the reputable casinos, you are sure that your documents won't be used for anything malicious outside the terms stated in the ToS.

I believe that there are physical casinos that aren't collecting any ID from their gamblers. Though I believe that there will be a limit into this, I'm just not really sure how much is the average number of dollars being cash out for the casino to ask some identification. I played and watched on physical casino but I haven't any experience collecting some identification, Maybe my wins and the person I watched didn't win that big for the casino ask for our identification.

It's that people want the casino they are playing to be non-KYC or has a little percentage that they are collecting KYC. KYC is a big hassle let's be honest and it's one of the reason why people want to avoid it.

[uneng]

I guess there is no solution for this matter. Regulators demand KYC, casinos have no choice besides implementing KYC feature on their platforms under risk of being forbidden from operating if they do the opposite. That is how it works to have your business working legitimately, by the rules. In my opinion that is just a formality, because there are unregulated websites so trustful or even more trustful than regulated websites. And we could even mention cases of regulated services, which ask for KYC, that have already scammed their users. So, to be regulated and to ask KYC don't mean you are safe, as user.

But that is how most services currently work on the internet and we have to follow their rules strictly or give up having access to the services they offer.

[Darker45]

I guess a good balance would be to be completely transparent with KYC triggers. It is understandable from the point of view of a gambler that crypto casino nowadays could require KYC. When exactly would that arise? Many don't know. And many casinos suddenly require KYC from a clueless gambler, a gambler who doesn't know what triggered it. I noticed explanations are normally very hazy. They're not specific. They just go along the line of "we noticed suspicious activities from your account." I mean, that's apparently insufficient and should be invalid.

Also, it's always a bit sneaky of a casino to only require KYC upon withdrawal even if violations are already done earlier. Sign up is allowed, deposits are done, games are played, but when the jackpot is won, the casino would suddenly inform the user that he/she shouldn't have even be allowed to bet. Or something like this.

[Nrcewker]

There is no solution.

Centralized Casino always required you "KYC", never believe any casino who offers you "Without-KYC" from Centralized Casino. A casino who offering without KYC is always Decentralized CASINO while the type gambling is on-chain gambling (Using smart-contract without any developer touch). But the problem for Decentralized Casino, we really have limited gambling game (Most the time, Dice-chain or Lottery).

Always be ready for "KYC". My advice, play on casino who have higher minimum withdraw for required "KYC". Example like "Stake", I already tested withdraw 10,000$ they not ask me KYC.

Yes many of us likes to remain anonymous. So many of us prefers no KYC casinos. I know there are many terms and conditions goes on a gambling site regarding KYC, but if you want users to be happy and calm, then you need to listen to the users demand. You can keep certain rules and regulations on site, and if any user breaks it, then ask him/her KYC. Nevertheless not all non KYC casinos are good, as they don’t have a proper license etc. So always play on sites which has good reputation and feedbacks. I myself playing at stake.com from the past 5 years or more and withdrawn huge amount of money. They haven’t asked me for KYC not even for a single withdraw.

[adzino]

Hey guys,

With all the KYC talk lately I wanted to open up a thread and ask about your opinion.

The side of the user:
- Prefers no KYC
- Prefers anon coins as a payment platform
- If a KYC is triggered, they want to trust the brand with their documents

The side of the casino:
- Regulators are asking them to do KYC, but they need to find a balance on when it's triggered. E.g. to keep a portion of the user happy, they can rise the trigger to a certain amount.
- They are tied to a payment provider, either because of the license or CMS, and can offer only a certain portion of cryptocurrency.
- Users are abusing them if there's absolutely no KYC matrix in the system.

What would, in your opinion, be the best balance here?

-snip-

From the user side:
1. If they want to play in a licensed casino, then they very likely have to go through KYC.
2. There aren't many privacy coins, so they will have to limit the number of coins they can play with. Bitcoin and most other crypto currencies aren't anonymous.
3. I am sure if it is a well known casino, they can easily trust their documents with them. And most casino uses third party services to provide user verification services.

From casino point of view:

They don't actually have much options here. If they decide to get a license, then they will have to KYC users. If they don't get a license and provides users gambling services, they might get into trouble and the users too. KYC helps both the casino and the players to be safe.

[Wexnident]

Ok so I'm assuming here the problem is the existence of "KYC" itself, users don't want it, and some casinos HAVE to have it due to laws and regulations, so technically speaking there's no method whatsoever to satisfy both parties since, well, they both want it. There may be no KYC casinos out there but most of the famous ones do have it and are required.

If they were to meet in the middle, then the current system would probably be the best, only KYC based on specific conditions. Now, this is abused by some casinos but can easily be fixed by being public with their findings (which some casinos don't really do), and being REALLY specific so that the bloody argument could be done and over with just one single talk. Crypto being used to trace and track could probably be helpful.

[bittraffic]

KYC seems here to stay already even the decentralized casinos that are yet not asking for KYC may actually ask if they are sanctioned. There is Betfury and the likes, I think they are not asking KYC AFAIK but until when?

Crypto is regulated. We're likely not going to escape this regulation unless you completely isolate yourself to a close crypto community with unknown coin.

[peter0425]

KYC seems here to stay already even the decentralized casinos that are yet not asking for KYC may actually ask if they are sanctioned. There is Betfury and the likes, I think they are not asking KYC AFAIK but until when?

Crypto is regulated. We're likely not going to escape this regulation unless you completely isolate yourself to a close crypto community with unknown coin.

Sooner or later people will understand the need of this KYC obligation  , it may not appear for now or the following year but surely in the future this will be implemented in every casino online or else they will be run down by government that wanted to take part of their income lol.
so KYC or not ? lets live with it or understand its function from now so we will only enjoy our gaming without any issues soon.

[Don Pedro Dinero]

I prefer crypto casinos without KYC. And in fact, although I have tried a few of them, I have never been asked for KYC. It also has to do with the fact that I don't bet large amounts, and in some of these casinos the ToS talk about KYC requirements above certain amounts.

I think that if KYC requirements become generalised in the future and it happens like in fiat casinos, cryptocurrency casinos will lose a large part of their appeal and their business.

[danherbias07]

Limitations for non-KYC.
How much amount? Country-based limitations, we have different amounts on how much it will be triggered. This will be a lot of work for a gambling platform but there is no solution here that would benefit both sides.
Online gambling companies that will offer non-KYC will be cornered by their government and might even be sued for money laundering.
Gamblers don't want their identity out.
So, that's the only solution I can think of. You can gamble as non-KYC but if you hit the limit then you cannot play again until it is refreshed.

[Finestream]

There's nothing wrong in providing KYC if you are asked to give the same (but by a reputed casino ofcourse).
I said this because sometimes, if we win big, we are asked for more info either to clarify their suspicion or to let them know that we don't belong to one of the site's restricted countries. I know that many of us are skeptical about providing any of our personal details to such casinos but most of the times we need to settle our mind and give our KYC docs to the website in order to get our funds released by them.

Well, it’s hard to disclose our personal information online but what else can we do, in no time all centralized exchanges will require KYC particularly for those big winners who are able to win such huge amounts. So it’s either leave the casino and not to gamble anymore, or just give the casino staff our personal details. So there’s no solution to KYC, but to accept it that it will be here for good, and there’s no way escaping it.

[Kakmakr]

I prefer a solution where you do not have to identify yourself, if you do not withdraw a lot of money on a frequent basis. A money launderer needs to deposit money into casinos, then use as little money as possible and then withdraw it onto the "legal" financial system with frequent withdraws.

Most "real" gamblers will deposit money.... play with most of it... and then only withdraw when they hit something big. So casinos should use technology to identify money laundering activities and then block people's accounts that has been flagged for it. (Only then ask for KYC information)

[coinerer]

It is normal that every centralized casino will ask you for KYC.  Because they set up their physical office and operate the casino, they never want any money laundering or any other illegal activity through their platform, so they always require kyc from the user so that anyone doing any illegal activity can be brought to justice as soon as possible. But if a platform doesn't ask you for KYC and they claim that they are a good centralized casino platform then consider it a fraud cycle so double check before investing there.

[Plaguedeath]

You're not comfortable being asked to provide KYC on a casino? choose reputable zero KYC casino like Freebitco, don't use brand new created zero KYC casino since it's high risk of the casino isn't trustworthy.

It doesn't make sense if you want to play on mandatory KYC casino but doesn't want to provide KYC if they want to ask you because they feel suspicious on your account. KYC is really needed for licensed casino that run many promotions, they need to prevent from multiple accounts or abusers.

[Crypt0Gore]

Come to think of it, online casinos should be the last to ask users for KYC verification, imagine winning billions of dollars and the platform has your national identity card or NIN number, you are not that safe if we start talking about the danger present here.

[Slow death]

the problem is not in KYC itself, the problem is how this law is unfair and in a way puts people at risk, for example if the law said the following: every online casino will be obliged to put who owns the casino and also the real contacts about the casino such as: phone number, email, social networks so that people would already know that the owner of the casino is person X, there is his phone number, address where he lives, his social networks and casino phone number and casino social networks and email address and with that anyone would feel comfortable doing KYC in that casino

let's be honest, who is happy to give away documents on an anonymous site? no physical address why can't the customer be anonymous but the owner of the casino can be anonymous? How is this and combating money laundering? Could it be that money laundering cannot be fought if a person creates a casino? casino owner can't launder money? this KYC law is unfair and meaningless in my opinion

Come to think of it, online casinos should be the last to ask users for KYC verification, imagine winning billions of dollars and the platform has your national identity card or NIN number, you are not that safe if we start talking about the danger present here.

this is also another problem, you don't know who owns the casino. you don't know if they are undercover criminals or not, and you can earn millions and the casino owners themselves can go steal from you, they know your identity, or they can sell your identity to some criminal and that criminal goes there to steal from you, that KYC issue is very poorly done in my opinion

[btc_angela]

I will echo the sentiments of most of our posters here, it can't be prevented in this era. We have moved to a point that everything, including crypto base online casinos are going to ask for KYC. That what the world we live in right now, our identity will have to be known to them specially if we are winning huge amount of money.

So before they are going to pay, they want to record everything first, as government has also mandated that before they will be given their license to operate, they will have to pass KYC first. That's how it is and so there is no solution but to follow what they requested and submit ourselves to KYC procedures.