Who is to blame

[Don Pedro Dinero]

The governments are responsible for this mess. They want to control everything and everybody. They don't want anybody to do anything without their permission. The casinos are also responsible because they still haven't ditched FIAT completely. See freebitco.in they don't deal with FIAT or stable coins and they don't do any KYC. They don't have any licenses too.

It is that simple to get rid of KYC:

Do no license

Do no FIAT

I think yours is the most interesting interpretation I have seen of this issue. Anyway, wetsuit and whoever receives the profits from freebitco.in, will have to convert at least part of it to fiat for expenses. I would like to know how they manage to have a business that generates as much revenue and operate as they do. It is a case of successful business moving away from the fiat system and central banks.

[coinerer]

Crypto casinos now accept cryptocurrencies as well as credit cards, debit cards, master cards and other payment methods.  Due to which KYC is becoming a mandatory regulation day by day . And many illegal activities like money laundering are done through casino sites, so in this case, casino sites demand KYC from customers for extra transactions and gambling with large amounts. So no blame can be placed on the casino sites in this case

[jrrsparkles]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Governments started to realize it is important to regulate and monitor all their function once it becomes established and making millions every year so you can blame the government if you want but not the casino is to be blamed here for KYC requirement in the recent past. Maybe still there are some casinos which doesn't have mandatory KYC yet but sooner or later everyone will have to accept what government forces them to do.

[Xxmodded]

Looking forward if disagree with KYC required at several casino gambling platform you can registering at casino gambling with huge deposit and withdraw without need KYC. Several casino gambling platform nowadays allow their country regulation for requiring KYC for all costumer want active in their gambling casino platform.

Actually, money laundering become reason why several casino gambling required with KYC, I think several casino try how securing their user account when using KYC easy detecting with abnormal activities actually when having huge withdrawing fund, Casino gambling can ask with resubmit KYC if have abnormal withdrawing and know this account change hand or not.

[l3pox]

It’s the other way around
Regulation brought KYC and not kyc brought regulation
Though as mentioned many times KYC is useless and doesn’t really solve the problems since people can buy someone’s else documents or pay people to kyc for them

We’ll probably have options of descentralized casinos in the future too

[rhomelmabini]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

I guess it should be put it that way for a regulated casino. Well, it's because crypto was getting all the headlines and it's hard to ignore by the regulators not to put their hands on us. Regulations aren't a bad thing at all, it's just bad if someone really values their security but overall it's not that bad.

[Bananington]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

In the past, there was no necessity for KYC verifications from online casino's and no need regulating the activities of casino's because nobody saw them as a tool that can be used by money launderers and other criminals etc. to facilitate their crimes. On recognizing the possibility of it, regulators had to demand that casino's know the identity of people on their platform. Casino's that have refused KYC will not be on good terms with the regulators because they will be seen as uncooperative in the governments bid to reduce financial crimes by regulation.

[348Judah]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Know this that for every gambling site or company that could identify itself with the government regulations and has physical location that host their services then they have no option than to comply with the government directives, they must obtain your details because it's part of what they have signed up with the government to do and the government has right to demand for any of those informations received by them to track any gambler, but there are casinos that are free from kyc in which you will have to make your search to discover such in that category.

[gantez]

I think KYC is like the less of danger that gamblers have instead of the choice of losing their money easily. KYC disclose the identity of person but which is better to hide yourself and lose your money or your have your money to allow the casino management to have idea of you. Some people will prepare playing in casino not asking for KYC but to their own lose if it happen.

[Taskford]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

No one has to be blame regarding on what implementations happen, its just this one add up as protection so that the real user can secure their funds on their accounts as well as the platform can verify if you are the one asking for withdrawal if there's a huge transaction happen. Maybe we shouldn't get afraid about that and start accepting it to many scams happening in crypto scene and its KYC is needed with that.

[robelneo]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

I don't know of any legal industry that is not regulated, the authorities are there to look if no citizen of any country whose right is
violated and if the industry is operating for the betterment of its supporters, investors, and players, we hate centralization but this is one industry that needs regulation to protect itself from scams, terrorists, and money launderers from infiltrating the industry.
To keep safe for players, investors, and the community, we have to embrace or play underground.

[maydna]

Their rules are not mandatory for all members yet because some casinos still allow gamblers who can still play without having to go through the KYC verification process, especially if it's a minor gambler. Perhaps, it is the attraction of the casino for those who want to play gambling so that over time, they will deposit more money to play and finally be asked to do KYC. But if they are little gamblers, there is no need to do KYC because they are just having fun with gambling games and don't exceed the limits that the casino might have set, so they don't have to do KYC. If casinos fully implemented KYC, this small number of gamblers could be counted, decreasing the income that casinos can earn.

[aioc]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

There is no one to blame because we are in a better position now. casinos can operate freely and without being targeted by authorities for suspected of being part of money laundering or conniving with scammers as an exit point for their scamming, and gamblers can play without the fear of the casinos being taken down by the authorities.
We have to move forward this will eventually happen, and the present condition is proof that Cryptocurrency casinos are well adopted.

[Doell]

Crypto casinos now accept cryptocurrencies as well as credit cards, debit cards, master cards and other payment methods.  Due to which KYC is becoming a mandatory regulation day by day . And many illegal activities like money laundering are done through casino sites, so in this case, casino sites demand KYC from customers for extra transactions and gambling with large amounts. So no blame can be placed on the casino sites in this case

Illegal activities such as money laundering and financing of terrorists are the exact reasons why KYC is implemented in most casinos, as well as for prevention from being blamed by the government relating with licenses and sanctions. Casino have no reason to not obey with this policy, as they may have their license revoked. There is no one to blame either especially if blame the casino, because to minimize of crime.

[molsewid]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

I don't see anything bad with KYC as long as they will make sure that our identity is hidden and secured and their system is very far from having a data breach then I'm okay with that. We don't need to blame anyone, we're living in a fast paced community where everyday there will be nrlew set of rules, we need to accept this because it will be for our future as well,  I don't know if there's still an online Casino that doesn't require their users for KYC especially if they are going to take home a more than 1btc.

[QueenVera]

I wouldn't have to say that it was the as a result of KYC that resulted to regulations in gambling online but I'm sure that one major thing that resulted in KYC was the bulks of money laundering cases that these casinos had to fight against so they had to come together and set a rule with some governing bodies that carries out the necessary disciplinary measures.
No one is to be blamed at this time but rather we should try working together as a team and make things easier.
I've also noticed that most of the KYC issues and cases are from the end side of the players because we all want liberty to do alot of things and do alot of wild things.

[Ulven]

I think that this has been a requirement in FIAT casinos long before now,especially in the big FIAT ones like bet365 if you didn't verify yourself you would only play with limited amount of money which if I remember correctly it was 500 EUR as that is an amount which is not prone to money laundering because it is a small one.

In crypto I think they operate the same now as it is a requirement this KYC,so they let you withdraw up to a certain amount without KYC but if you keep playing regularly with bigger amounts you need to be verified in order for the withdraws to pass,so no one is to blame.

You are correct that KYC is often required in both traditional (fiat) and online casinos, and that the process is often used to help prevent money laundering and other financial crimes. In many cases, casinos will require players to undergo KYC before allowing them to make large withdrawals or to engage in high-stakes gaming.
KYC is typically required for any financial transaction that involves the transfer of significant sums of money, and casinos are no exception. By verifying the identity of their customers and ensuring that they are not involved in illegal activities, casinos can protect themselves and their customers from potential financial risks.

[bitzizzix]

The gambling sector is one of the main targets of financial criminals and comply with KYC regulations to be able to secure business in this sector.
and with KYC compliance the gambling industry can ensure the involvement of legitimate players and prevent money laundering and terrorist financing, and there is nothing wrong with KYC because it is for the good of the casinos especially for the authorities.

[ralle14]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

Probably not, since there's been older fiat online casinos back then that were already requiring KYC but this time the crypto casinos are slowly transitioning to a similar situation as they become more popular. I know there are a few casinos that don't enforce it entirely but they're putting themselves at risk since it gives the users an option to abuse their casino as there is little to no risk aside from losing the account.

[virasisog]

Is the requirement of KYC from online casino the reason that gives birth to online casinos getting regulated? I mean in the past there is no regulation thing pointed to online casinos but now all eyes are on them for a must regulation if they want to keep their platform alive and functioning.

Requiring KYC doesn't mean that a casino is being regulated. We all know the reason why casinos are asking for it. It's for the security of both parties. There is no one to be blamed because they require it for a justifiable reason. There are still casinos that don't require it but most highly reputable casinos ask for it to secure safer transactions. There are still another choice for the casino if you aren't comfortable with it.