Who is to blame

[Fredomago]

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.

Regulation continues to increase as crypto adoption increases, this has been a cycle since then and the government is not letting any crypto projects to operate without experiencing any pressure from the government. KYC is not to blame here, because its one of the requirements and some casinos are obliged to follow it since they apply for a license on that government agency and if they want to operate legally, they have to follow it.

Licensing is the main purpose of KYC, it's a domino effects since gamblers who wanted to have an assurance also looking for license from the casino platform, they needed to comply with the government rules/law in order to gain the license, that's mostly the reason why they also ask for KYC.

I like that statement regarding to government, they will not let you go as there are always corresponding taxes that accompanying the licenses that the platform is asking.

I don't think it that's necessary to blame anyone because some platforms are asking for KYC, we know some platforms are centralized and even some of them have official offices in their countries so they have to pay taxes and obey the rules of their countries, sometimes their governments will asking them to pass the personal information the people who won the games and in the other hand sometimes the website will collect the information for itself to make sure about their clients and if they are frauds or not, however, there are still many other platforms they won't ask for these.

Things that are happening right now, either its requirements or the casino, are checking whether the gamblers are doing suspicious activities. That's why they are asking for KYC. It's up to the gambler to comply or if they are not comfortable, they can look for other platform, but the chance of KYC is always be there for them.

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[passwordnow]

KYC issue might trigger the crypto regulation since the government wants to know who owns crypto and know who are not declaring it as their profit, hard to blame anyone here and maybe this is already part of the system as we continue to grow. Some site are still KYC free though even if they have the licensed from the government agency, but sooner or later they will ask for it and many gamblers have no more choice but to deal with it.

Well, it's just for the sake of regulation itself and mostly applied to casinos. Even on the fiat casinos online, they also ask for KYC and that's why it's necessary even in the crypto casinos.
But what you said is connected to it, they also might want to track those that owns crypto and they might tax them later if they're not filing for their income tax.

[BitcoinPanther]

First, you need to blame cheaters and money launderers for the implementation of KYC.  If there is no money launderer, there is no need for KYC, if there is no cheaters on casino platform, there is no need for KYC.  If all citizen is honest and no one is into money laundering, the government will not implement KYC on any centralized financial establishment because people don't launder money and the government doesn't feel being cheated.

Now, talking about Casino implementing KYC, KYC is used by casino to identify cheaters that exploit the casino via multi-accounting, so we can blame cheater for that.  Second, casino need to comply to the government, we can't blame the government but people who have ill-intention to launder money, the government is just doing their best to prevent it and the reason for KYC.

In a positive view, licensed casino enable us to play fairly, has no worries withdrawing funds as long as our account has no problem with the platform.  Licensed online casino needs to comply with regulation so they have to implement KYC if needed but at the same time, packaged with license is the benefits of having a fair game and many more.

[maydna]

If you take the initiative to take legal steps to solve a problem one day, then let regulations get involved. Without regulation, casinos can do anything, including unilaterally eliminating cases.
It sounds contradictory to how crypto works and most users don't like it, especially since the casino has to extract as much information about you as possible. But sometimes to achieve "fairness", the system has to be regulated. Regulatory engagement will keep the relationship between users and casinos conducive.

That could be the purpose of asking for verification from casino members, including the casino itself because with regulations if something bad happens to a member or casino, someone will help solve it. And it will go well if the government really does its job to protect innocent people. If all parties can do this, we can hope that misappropriation of funds, money laundering or fraudulent casinos can be handled properly because there are already regulations that will protect the rights of users and casinos.

There may be doubts and uncomfortability due to KYC requirements, it still protects both parties and its aim is still for the betterment of both the casino and players. If we will look at the positive side of it, we'll never see the regulation as a bad thing. It could actually control the criminal activities inside the casino. I don't think complying with the KYC will affect us negatively so the regulation shouldn't be a big deal.

For this reason, we have to choose a casino that we can trust to protect our identity so that there are no hacking cases of member data, as has happened on several sites. And make sure that the casino can help us if we have problems related to our account because by doing KYC, the casino shouldn't suspect us anymore, especially if we're playing gambling and don't do any illegal activity at the casino. We should see the KYC side as a positive thing for us and the casino and help the regulators track illegal activities so that the casinos are clean and comfortable from all those illegal things.

[Davidvictorson]

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.

All eyes are on them for the sake of their clients. In the past, several so-called online casinos have screwed their clients over and just either vanished into thin air or just locked them out, refusing to give them their winnings. The thing is, most people may have a problem with KYC because of privacy concerns but, in my opinion, it shows that a casino is actually legit.

[fzkto]

KYC issue might trigger the crypto regulation since the government wants to know who owns crypto and know who are not declaring it as their profit, hard to blame anyone here and maybe this is already part of the system as we continue to grow. Some site are still KYC free though even if they have the licensed from the government agency, but sooner or later they will ask for it and many gamblers have no more choice but to deal with it.

Well, it's just for the sake of regulation itself and mostly applied to casinos. Even on the fiat casinos online, they also ask for KYC and that's why it's necessary even in the crypto casinos.
But what you said is connected to it, they also might want to track those that owns crypto and they might tax them later if they're not filing for their income tax.

I dont think that casinos will cooperate with the government to make customers pay taxes. In my opinion it is not in the interest of online casinos to attract the interest of the government to their site. On the contrary, it is profitable for them to register a site in the jurisdiction where there will be less problems with the government. So I don't think that KYC is introduced because of taxes.

[KennyR]

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.

All eyes are on them for the sake of their clients. In the past, several so-called online casinos have screwed their clients over and just either vanished into thin air or just locked them out, refusing to give them their winnings. The thing is, most people may have a problem with KYC because of privacy concerns but, in my opinion, it shows that a casino is actually legit.

It is a need to prove the legitimacy of the platform as well as to keep themselves away from money laundering and other illicit activities through the gambling platforms. None to be blamed, to have things working in a proper way certain things were must. Maybe at times it can be different from the expectation of the gambler, but on wider perspective it is needed one.

[noorman0]

First, you need to blame cheaters and money launderers for the implementation of KYC.  If there is no money launderer, there is no need for KYC, if there is no cheaters on casino platform, there is no need for KYC.  If all citizen is honest and no one is into money laundering, the government will not implement KYC on any centralized financial establishment because people don't launder money and the government doesn't feel being cheated.

In my opinion, the application of KYC is not only limited to criminal surveillance, system abuse and the like. Every casino is certain to have a list of restricted countries, yeah they have reasons why it has to be those countries. However they also care about the continuity of their business from users with problematic environmental factors or unfriendly player country rules.

[Jawhead999]

If the casino doesn't have any license and has a mandatory KYC rule, the casino should be blamed.

If the casino have a gambling license and has a mandatory KYC rule, no one should be blamed.

So it depends on the casino itself, but if they're licensed, they don't have any way to avoid KYC rule. The best is to gamble on trusted and popular casino without license and doesn't have any KYC rule e.g. Freebitco.in.

[madnessteat]

First, you need to blame cheaters and money launderers for the implementation of KYC.  If there is no money launderer, there is no need for KYC, if there is no cheaters on casino platform, there is no need for KYC.  If all citizen is honest and no one is into money laundering, the government will not implement KYC on any centralized financial establishment because people don't launder money and the government doesn't feel being cheated.

Now, talking about Casino implementing KYC, KYC is used by casino to identify cheaters that exploit the casino via multi-accounting, so we can blame cheater for that.  Second, casino need to comply to the government, we can't blame the government but people who have ill-intention to launder money, the government is just doing their best to prevent it and the reason for KYC.

In a positive view, licensed casino enable us to play fairly, has no worries withdrawing funds as long as our account has no problem with the platform.  Licensed online casino needs to comply with regulation so they have to implement KYC if needed but at the same time, packaged with license is the benefits of having a fair game and many more.

There is really no point in looking for the culprits in the fact that casinos require their users to prove their identity and income, because our society will never be able to clear itself of illegal activities and this is demonstrated very well by illegal activities in prisons in all countries of the world.

It is very important that apart from people who are engaged in illegal activities there is a huge number of people who do not agree with the regulators' policy regarding anonymity but can do nothing because the regulators act in the interest of the state. Personally, I do not quite understand why honest people should reveal their identity and passion for gambling to organizations that have access to their personal data.

I perfectly understand that over time this will become the norm, but right now many people are distrustful of it.

[TimeTeller]

If the casino doesn't have any license and has a mandatory KYC rule, the casino should be blamed.

If the casino have a gambling license and has a mandatory KYC rule, no one should be blamed.

So it depends on the casino itself, but if they're licensed, they don't have any way to avoid KYC rule. The best is to gamble on trusted and popular casino without license and doesn't have any KYC rule e.g. Freebitco.in.

And I believe, the OP is getting the opposite here. I think, the regulation of online casinos is the reason why casinos require KYC from its customers.
Not the other way around. When these casinos start to include their gambling license, it is part of the deal having such license.
However, some are still not strict on implementing KYC if you are not a high roller or doesn't pose any red flag on your account.
There is no one to blame this requirement. The online gambling is evolving and now most casinos are applying for license.
Freebitco has earned their credibility thru time, maybe this is the reason why they are contented of not acquiring a license.

[Zlantann]

First, you need to blame cheaters and money launderers for the implementation of KYC.  If there is no money launderer, there is no need for KYC, if there is no cheaters on casino platform, there is no need for KYC.  If all citizen is honest and no one is into money laundering, the government will not implement KYC on any centralized financial establishment because people don't launder money and the government doesn't feel being cheated.

In my opinion, the application of KYC is not only limited to criminal surveillance, system abuse and the like. Every casino is certain to have a list of restricted countries, yeah they have reasons why it has to be those countries. However they also care about the continuity of their business from users with problematic environmental factors or unfriendly player country rules.

The government and some dubious gamblers are to blame. The government wants to regulate the financial activities of its citizens. Some governments want to make sure that they strictly monitor the income and expenditures of their citizens which to a large extent negates their freedom. Sometimes this supervision would assist them in collecting their tax and carrying out effective economic planning. The government needs to collect data from these casino companies which would serve as inputs in the policy formulation process. Some people also use gambling platforms to engage in diverse criminal activities. This would now force the government to force these gambling firms to make and enforce KYC policies.

[klidex]

KYC issue might trigger the crypto regulation since the government wants to know who owns crypto and know who are not declaring it as their profit, hard to blame anyone here and maybe this is already part of the system as we continue to grow. Some site are still KYC free though even if they have the licensed from the government agency, but sooner or later they will ask for it and many gamblers have no more choice but to deal with it.

Well, it's just for the sake of regulation itself and mostly applied to casinos. Even on the fiat casinos online, they also ask for KYC and that's why it's necessary even in the crypto casinos.
But what you said is connected to it, they also might want to track those that owns crypto and they might tax them later if they're not filing for their income tax.

I dont think that casinos will cooperate with the government to make customers pay taxes. In my opinion it is not in the interest of online casinos to attract the interest of the government to their site. On the contrary, it is profitable for them to register a site in the jurisdiction where there will be less problems with the government. So I don't think that KYC is introduced because of taxes.

Online casinos have no interest in attracting the interest of the government, but it is the state government that is looking for managers of the casino business.
With the aim that the state government will ask for taxes on every casino site that is used by its citizens.
After all, casinos are a business with enormous income and of course the opportunity is not missed by the state government to be able to require or require each casino site to pay state taxes.
The government itself imposes tax obligations on business owners, not customers who play or gamble on casino sites.

[rahmad2nd]

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, things were not as complicated as this. even back then Crypto exchanges didn't enforce KYC as strictly as it does today. and now, everything has changed, one of which is related to regulations that enforce KYC. no exception, with casino crypto. like it or not, we have to follow the procedures that apply even though each casino has a different level regarding KYC.

there is no one to blame for this, because a centralized casino that has a license must follow the rules implemented by the regulator that houses it. there will always be pros and cons, but believe the rules are actually designed for the common good to avoid things that lead to criminal acts either from the casino or and so on. on the other hand, imposing KYC is very burdensome for those of us who like confidentiality like anonymous. even so, I don't mind KYC especially if the casino that is my favorite has a credible and accountable reputation.

[swogerino]

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, things were not as complicated as this. even back then Crypto exchanges didn't enforce KYC as strictly as it does today. and now, everything has changed, one of which is related to regulations that enforce KYC. no exception, with casino crypto. like it or not, we have to follow the procedures that apply even though each casino has a different level regarding KYC.

there is no one to blame for this, because a centralized casino that has a license must follow the rules implemented by the regulator that houses it. there will always be pros and cons, but believe the rules are actually designed for the common good to avoid things that lead to criminal acts either from the casino or and so on. on the other hand, imposing KYC is very burdensome for those of us who like confidentiality like anonymous. even so, I don't mind KYC especially if the casino that is my favorite has a credible and accountable reputation.

I think it is a good thing that right now not many of the reputable casinos are asking you source of funds as proof in order to withdraw so let's not make that KYC a big drama because it is not,it is only in place to stop money laundering and many casinos pass withdraws of small amounts without problems because the amount cannot be considered for money laundering when it is a small one.The true difficulty will become when even casinos just like exchanges will be forced by this stupid EU law that asks persons to show their source of income.

Luckily though most casino licenses have nothing to do with Europe so I think we are good to go.

[GxSTxV]

Online casinos is like any other business that handles financial transactions that requires a Know Your Customer (KYC) validation in order to use their services it’s so important especially when someone is gambling with large amounts of money they need to make sure they are dealing with a normal citizen and also to comply with anti-money laundering and combatting the financing of terrorism regulations that their license provider cleared these rules for them, this step is important also for the casinos to protect themselves from financial losses
So nobody is to blame here

[Desmong]

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.

The reasons is because of the continuous complains from gamblers of getting rub of there funds and the rate of new casinos that are not genuine is highly increasing. KYC is what many gamblers do not really likes and it is preferably for some casinos that do not make it too compulsory or bring it in a harsh way for gamblers to meet up with.

[Renampun]

Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated?

in countries where gambling is legal, gambling there is strictly regulated (not only offline casinos but online casinos too), So you misunderstand that regulated casinos are born because of the KYC requirements imposed by casino developers.

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.

before online gambling boomed like it is now, the government didn't supervise online casinos because the majority of gamblers didn't play there but over time, that all changed. Gambling is a billion-dollar business, so the government won't let it go easily, the tax money it generates is huge, online gambling has become a trend now.

[blockman]

The reasons is because of the continuous complains from gamblers of getting rub of there funds and the rate of new casinos that are not genuine is highly increasing.

Nongenuine casinos or any establishment will certainly go up. It's not only in the gambling industry but fraud companies are existing to every industry.
And to make it possible to combat them is through regulation by the government, it's good that many are not problematic on it and just go along with whatever the policy they're implementing because we can't do anything with it.

KYC is what many gamblers do not really likes and it is preferably for some casinos that do not make it too compulsory or bring it in a harsh way for gamblers to meet up with.

Yeah, we don't like it but they're being enforced and we have no choice but to continue or simply step away from them just to avoid this policy.