Anonymity is no longer a benefit of gambling with cryptocurrency.

[AbuBhakar]

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

How come you single out Duelbits here while casino that collects data including Stake which you are promoting is prone to data breach. Also casino usually use a 3rd party service to conduct KYC as requirements by the law.

There’s always a threat of data breach on all service eve with the government site. At the end of the day, it’s all about trust on the service or else stay away if you are afraid of potential leak of your credentials.

[1714759263]

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[1714759263]

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[Quidat]

Whatever the reason for KYC, I have to agree with you on the part that the casino will not use our identity for something inappropriate especially if we talked about a reputable and popular casino. These casinos are prioritizing all the things they needed to comply as part of being a legitimate site. There is no way these casinos will take advantage of any KYC-related stuff.

You are right. Reputable casinos will do their best to keep your personal information safe.
I don't know what happened with bitnomi but it's a bit disturbing. It was one of the most reputed casinos. When they went dark, their customers' info were in the streets. Betnomi's customers reported receiving unsolicited messages from unknown parties!

I have always been very discreet with my personal information, I have only given my kyc in a few casinos, and the most reliable ones, but if anonymity has been lost much, the casinos have made a campaign in favor of KYC to Being able to attract all the clients, and even the casinos that did not ask for kyc are already so, which makes me sad and disappointing because the casinos that kept zero KYC for me were the best, now nothing is reliable anymore . The casinos that I have given my kyc are trustworthy, they have a good reputation in the forum, my duelbits is one, I trust their casino. But if we think that the casino can be compromised, or somehow someone leaks the data is possible, it can stop, but everything in this life is a risk, we can't do more.

The sacredness of privacy and the right to remain anonymous have been ruthlessly undermined in the name of compliance and attracting more customers. Casinos, once the stalwarts of discretion, have sheepishly kowtowed to this growing trend of KYC. And for what? A little more business at the cost of personal integrity?

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

Some do risk and some wouldn't really be doing so and good thing that we do still have some options on which we could choose from. Despite of the gradual changes on which crypto based casinos should really be totally anonymous but it turns out that it do becomes more stricter in terms of KYC and other identification type of approach but still those are just potential things to happen because most of them wont really be requiring those things before you can play but somewhat these things could be asked out on the time that you had violated something or do able to have that huge hit or winning which it turns out the be standard nowadays. This is why it would really be that better that you should really be expecting something like this in speaking about changes. Just like the rest been saying that it would really be just that normal for the government to have this kind of act yet they cant really afford on missing out to impose taxes with these business despite of its nature or on what it is really that focusing, as long they could put out those regulation then they would really be definitely be applying it.

[Sandra_hakeem]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

[Wiwo]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

[Alphie12]

Those that are leaders with an alpha personality want to be left alone and get their money when they ask for it. Most are followers with a beta personality and don't mind having their money frozen for weeks while casinos do thorough KYC searches.

[romero121]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

Maybe thats happening with the gambling platform, but the functioning of KYC free platforms used to be something different. Whenever something related to KYC comes, what strikes me is the directbet. Such kind of functionality won't have any issues with noney laundering, because there is limit with the bet and the bet can be placed from the wallet in which we need the bet amount to be settled. If the amount need to be settled on some other wallet address that can also be done. Winning bets gets settled and the lost one will be left, and this way the possibility of money laundering seems to be hard.

[kotajikikox]

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

this is normal in every businesses that conduct to bring money for people and investors.

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.
  
Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.
  
Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.
  
More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

Yeah , thats the line now of gambling business , yeah look at how legit casinos are bringing their site with KYC requirements.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

but I think that is the safer way of having business together?

the team to know whos legit players , and the players to at least know their casino better.

[Alphie12]

I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

this is normal in every businesses that conduct to bring money for people and investors.

Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.
  
Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.
  
Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.
  
More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

Yeah , thats the line now of gambling business , yeah look at how legit casinos are bringing their site with KYC requirements.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/

Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

but I think that is the safer way of having business together?

the team to know whos legit players , and the players to at least know their casino better.

That's to my point of being a follower. Everyone is starting to do it so it's ok. It seems that when casinos ask for KYC for AML that the book turns your information in to the government and now you're on some list. Even if you aren't doing anything wrong people are just becoming too submissive.

[libert19]

Am i wrong to think that this information on the internet needs to be updated.

Nope, no need to update what's already written, it'll be enough if new articles reflect the update, rest will follow.

[dezoel]

You are indeed right. Anonymity does not somehow a big issue at the moment since most of the casinos are actually requiring KYC most especially for big time players. Although there might be some few gambling casinos who are not into KYC verification, but I believe their system will definitely be updated and will require KYC sooner because that’s what the government requires them to do so.

However, there’s still some factors that we still become anonymous from others, but not from the casinos personal staffs. Maybe let’s just accept the reality that KYC will be compulsory in all centralized casinos all over the world. This is not only made out from the government wanting to control everything, but also for the sake of gamblers security and protection.

That's the sad reality as we push the government regulations, we are being forced to follow the KYC rules. Most of the casinos now are asking for KYC, but some are still not and they will only ask for KYC if they see some irregularities with your account. Somehow, KYC is indeed for the security purposes of both parties, let's just hope that secure our data with a highest priority or else, hackers might get our details.

One should always do some basic research before joining a platform. If a platform is asking for KYC at the initial stage of your journey with them before making any deposits or withdrawals, you need to make sure that the platform is trusted and has a good reputation among gamblers in the community, upon finding out that it is trusted and reputable, you should go ahead and complete the verification, but if it's the other way around, you better keep looking.

This basic research will save you from platforms that are not trusted and they might take your personal information and sell them to other companies or people for money, and those people will obviously not use your information for doing good things, so it's always important to use only trusted platforms.

[slapper]

Whatever the reason for KYC, I have to agree with you on the part that the casino will not use our identity for something inappropriate especially if we talked about a reputable and popular casino. These casinos are prioritizing all the things they needed to comply as part of being a legitimate site. There is no way these casinos will take advantage of any KYC-related stuff.

You are right. Reputable casinos will do their best to keep your personal information safe.
I don't know what happened with bitnomi but it's a bit disturbing. It was one of the most reputed casinos. When they went dark, their customers' info were in the streets. Betnomi's customers reported receiving unsolicited messages from unknown parties!

I have always been very discreet with my personal information, I have only given my kyc in a few casinos, and the most reliable ones, but if anonymity has been lost much, the casinos have made a campaign in favor of KYC to Being able to attract all the clients, and even the casinos that did not ask for kyc are already so, which makes me sad and disappointing because the casinos that kept zero KYC for me were the best, now nothing is reliable anymore . The casinos that I have given my kyc are trustworthy, they have a good reputation in the forum, my duelbits is one, I trust their casino. But if we think that the casino can be compromised, or somehow someone leaks the data is possible, it can stop, but everything in this life is a risk, we can't do more.

The sacredness of privacy and the right to remain anonymous have been ruthlessly undermined in the name of compliance and attracting more customers. Casinos, once the stalwarts of discretion, have sheepishly kowtowed to this growing trend of KYC. And for what? A little more business at the cost of personal integrity?

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

Some do risk and some wouldn't really be doing so and good thing that we do still have some options on which we could choose from. Despite of the gradual changes on which crypto based casinos should really be totally anonymous but it turns out that it do becomes more stricter in terms of KYC and other identification type of approach but still those are just potential things to happen because most of them wont really be requiring those things before you can play but somewhat these things could be asked out on the time that you had violated something or do able to have that huge hit or winning which it turns out the be standard nowadays. This is why it would really be that better that you should really be expecting something like this in speaking about changes. Just like the rest been saying that it would really be just that normal for the government to have this kind of act yet they cant really afford on missing out to impose taxes with these business despite of its nature or on what it is really that focusing, as long they could put out those regulation then they would really be definitely be applying it.

Now it's just a pipe dream. Do you really believe that governments will just sit idly by and allow all that potential tax revenue to slip when the stakes are so high? None at all. More stringent KYC standards are being implemented, especially when significant amounts of money are at stake
A pro gambler offers this advice: always be ready. After a significant triumph, don't be shocked if these platforms request additional information. If you intend to stick with it, know the rules, abide by them, and constantly keep your wits about you. Just like you, governments and corporations want to succeed. Don't give them the advantage

[Jawhead999]

Anonymity is still a benefit for crypto casino, what's people refer about anonymity in crypto casino is no one should know him as a gambler. It also not mean he really want to be unknown, they're don't have any problem to show their identity to the casino because they think it's impossible the team behind the casino will tell his friend and family if he's a gambler.

[Docnaster]

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

How come you single out Duelbits here while casino that collects data including Stake which you are promoting is prone to data breach. Also casino usually use a 3rd party service to conduct KYC as requirements by the law.

There’s always a threat of data breach on all service eve with the government site. At the end of the day, it’s all about trust on the service or else stay away if you are afraid of potential leak of your credentials.

I do not know why he singled out Duelbits. Could it be the OP mentioned Duelbits in the starting topic? But when you talk about casinos, KYC and anonymity. It is not referring to any particular casino be it the one you promote or not. The truth is that once you have given out your data, you no longer control it, you will be at the mercy of the company or casino that holds your data.
So it is so much related to trust and reputation. You must be able to trust a particular casino you promote. Both Stake and Duelbits have nice reputation in this forum

[danadc]

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

How come you single out Duelbits here while casino that collects data including Stake which you are promoting is prone to data breach. Also casino usually use a 3rd party service to conduct KYC as requirements by the law.

There’s always a threat of data breach on all service eve with the government site. At the end of the day, it’s all about trust on the service or else stay away if you are afraid of potential leak of your credentials.

I do not know why he singled out Duelbits. Could it be the OP mentioned Duelbits in the starting topic? But when you talk about casinos, KYC and anonymity. It is not referring to any particular casino be it the one you promote or not. The truth is that once you have given out your data, you no longer control it, you will be at the mercy of the company or casino that holds your data.
So it is so much related to trust and reputation. You must be able to trust a particular casino you promote. Both Stake and Duelbits have nice reputation in this forum

I am in defense of duelbits, because it is probably the casino where I play the most and I believe that they are honest, the risk that they say of violating the data, of stealing, of falling for a type of hacker, that is the same fear that exists for all casinos, and more for the most famous casinos and with a very high reputation, for the best ones, they all have and run the same danger, not only duelbits, what stands out about duelbtis is that I have never had any problems, when There is something that cannot be done, the support gives the best options and the problems are resolved, as is the case with many other casinos in the forum, that is why in this case they enter only with duelbits, because it is a cinso that improves every day.

[Hamphser]

Anonymity is still a benefit for crypto casino, what's people refer about anonymity in crypto casino is no one should know him as a gambler. It also not mean he really want to be unknown, they're don't have any problem to show their identity to the casino because they think it's impossible the team behind the casino will tell his friend and family if he's a gambler.

Not only into that reason which it is really that impossible for those information to be said on family members or simply unlike to happen.What most people been worried about is on those informations would be

leaked and would scattered out on internet which it can be misused on other means or simply being sold off into those illegal markets which this had been the main concern on why everyone is really that keen on
sending out documents or having with those verifications. we this community does really love that anonymity which crypto gambling does give but due to relevance of its existence on which it did really caught up
government attention plus having not liking on skipping on imposing taxes on them then its impossible that they wont really be stirring up on things.

This is why its not really that shocking anymore on why these platforms and businesses would really be mainly targetted out or would be having no exemptions when it
comes to taxes which government does really like on touching on everything.

[paxmao]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

[Alphie12]

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It is just a question of how and when are you asking for it. If you have the right to ask for KYC do it since minute zero, be honest and straightforward with you client and do not start putting obstacles when it is so obvious that you have to give their hard earned earnings back. It is so suspicious that the concerns are raised right the moment they withdraw that is very close to a scam.

You get it. When the casino suddenly asks for KYC they want to steal your money or they are turning you in to the government.

[DoublerHunter]

You get it. When the casino suddenly asks for KYC they want to steal your money or they are turning you in to the government.

^KYC was expected to ask if you are in a centralized casino but it does not mean all of them steal your money.
It is not necessarily accurate to assume that a casino asking for Know Your Customer (KYC) verification is attempting to steal your money or report you to the government. KYC procedures are standard practice in the gambling industry and many other sectors as well. They are designed to comply with legal and regulatory requirements, such as anti-money laundering and counter-terrorism financing regulations. You become a trusted and successful casino and being a part of that is to require a KYC. Casinos and other financial institutions are often required to verify the identity of their customers to prevent illegal activities, such as money laundering and fraud. Requesting KYC documentation helps ensure the legitimacy of transactions and maintains a secure environment for all parties involved.

[dewez]

it's def for tax reasons.. but i think it's also for deposit matching. say a site has a 50% deposit match up to $500.. without KYC why would someone deposit over $500 on the same account? they wouldn't.

[poodle63]

it's def for tax reasons.. but i think it's also for deposit matching. say a site has a 50% deposit match up to $500.. without KYC why would someone deposit over $500 on the same account? they wouldn't.

That means it's only applicable for the low deposit but the guy who deposit a huge amounts of money must have completed KYC first caused by the account can be potentially marked as suspicious account related to the AML regulation. I can't really sure if it def for the tax reason. 

I still miss the good old days of directbet. Where you'd just bet and send crypto to an address and receive the winnings back to an address you've provided. No account, no kyc, no drama.

The time flies and it's not longer applicable anymore. Most probably the regulator will be ruining your site. There's no decentralized casino. All of casinos are centralized.

AML always become the main reason it's no longer applicable since there have been many criminals who stole funds and did the laundering for the funds.