How Much do you Value your Privacy in Gambling?

[Westinhome]

With the given scenario, I would probably aim to claim my winnings and that included following KYC Procedures. Well, I do value my privacy as a gambler but on the same extent, it is the same reason why I do only play on popular and reputable gambling sites. Well indeed there’ll be no assurance that risks concerning my privacy might take place however, do I have any other choice? For sire I won’t let that money go. You already win and the requirement is already there; best thing to do is to just comply and if you’re not comfortable with it then avoid playing to that platform after you claim your prize. From being in this industry for years, I have never encountered problems related to KYC Compliance and that is probably because the platforms I usually engage myself with has a reputaion and for sure they won’t throw it for such small amount in comparison to how much they are earning to most of its players.

The gambler may refuse to verify the kyc till he win the money from the gambling,because the betting and deposit doesn’t require any kyc verification in the gambling sites.If the gambling site made the compulsory rule of kyc verification should be made to withdrew the big win made by you,then I will do my KYC and withdraw my funds from the gambling website.Not only you,most of the trusted gambler will choose the popular gambling site compared to the new and random gambling sites.Because we are the gambler will have the attitude of holding the funds in the gambling sites itself.So the old gambling site will be trusted most of the time.

[Johnyz]

If the casino is recommended, perhaps I will do KYC to withdraw my winnings. Trusted casinos will not cheat their members who have done KYC because the casino has checked their documents, and if the casino upgrades its status to verify, that means the casino trusts us so that we can withdraw the winnings. But if the casino were new, perhaps I would think twice about doing KYC because I don't want the casino to do something bad to my documents. I would rather lose the money than have to do KYC, especially if I don't know much about the casino because of the lack of information I can get.

This is why the trust rating is very important because depend on this and we comply with their terms with a hope that our personal details will be safe from any harm. I actually have no choice but to comply with the KYC as most of the gambling site today have this requirements before you can actually maximize the platform’s full potential. I value my privacy of course in any way of life but if there’s a need to submit any personal details, I will follow it as long as its a good project or as long as the site is legit.

[BitcoinPanther]

Given the situation by @OP,  I will definitely undergo KYC on that platform in order to withdraw the amount.  It is a life changing amount in my country where I can buy my own house, a car and some amount to start-up a business.  What is privacy when I am starving to death.  At least I can exchange my privacy to a life changing amount.  Besides, I am in hope that the platform will take care of my data and won't sell it in the market.  Besides, this is not my first time to undergo full KYC in a platform.  

[Sanitough]

So, for some days now, I've had this thought of "how much some people really value their privacy in gambling", like as a gambler, you signed up on a new casino and immediately, you are allowed to deposit and play without going through a KYC verification process like we do on some casinos immediately after registration.
You start playing and luckily, you won a significant amount of money.

I know the word "significant" can mean different values for different gamblers, so let's use figures i personally think are significant and capable of changing lives.

So, let's assume you luckily won anything as from $70,000 and above with a total bet below $100, and to withdraw this money, or even part of it, the casino requires you to pass all levels of verification in their system, which means that you will have to provide them all your personally information down to the most private of them all, and this casino is relatively new and you are not sure about their reputation.

Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?

I love to read your thoughts on this.

You will only worry your privacy if you chose to gamble in unreputable gambling sites. But if you are gambling in a well reputable casino, you will never think that your personal data is in danger. Your concern is no longer about KYC verification, but on how to make a big win and immediately withdraw after that.  And as long as you follow all their withdrawal requirements, then there will never be problems with that.

However, it does not mean that if we provide them the KYC they need, we do not value our privacy anymore. Of course, privacy is always there that's why we care to entrust our personal details only to our trusted casinos and not on the shady and gray casinos that are just there ready to scam us.

[alegotardo]

So, for some days now, I've had this thought of "how much some people really value their privacy in gambling", like as a gambler, you signed up on a new casino and immediately, you are allowed to deposit and play without going through a KYC verification process like we do on some casinos immediately after registration.
You start playing and luckily, you won a significant amount of money.

~~~~

Hard question!

In the case of a reputable casino with a good reputation, I would certainly go through the required KYC process if necessary to be able to withdraw my prize.

However, if it's in a new casino and I don't have confidence in it, then it becomes more difficult...
Firstly, I would look for reviews and feedback, if I find a lot of negative things then I would certainly give up the prize, as the probability of doing KYC and still not receiving anything is very high.
But even if it is a new casino, if I find a good thread about it here on bitcointalk, and positive feedback, I would probably do KYC in hopes of receiving my prize.

[Lida93]

So, for some days now, I've had this thought of "how much some people really value their privacy in gambling", like as a gambler, you signed up on a new casino and immediately, you are allowed to deposit and play without going through a KYC verification process like we do on some casinos immediately after registration.
You start playing and luckily, you won a significant amount of money.

I know the word "significant" can mean different values for different gamblers, so let's use figures i personally think are significant and capable of changing lives.

So, let's assume you luckily won anything as from $70,000 and above with a total bet below $100, and to withdraw this money, or even part of it, the casino requires you to pass all levels of verification in their system, which means that you will have to provide them all your personally information down to the most private of them all, and this casino is relatively new and you are not sure about their reputation.

Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?

I love to read your thoughts on this.

First, any casino that do this is not to be trusted and the intention might likely to deny you the money or make the conditions a little difficult to check if you will give up on the funds.

Personally, I will submit the documents and do the KYC, provided I will be paid my winnings. We do KYC for minor things talk more of when $70k is involved. I know there are people that will think twice before submitting  such KYC but I don't belong to that category because the amount involved is huge and it is my wish I get to such a situation.

It is for the avoidance of this occurrence that gamblers that take too much importance to their privacy are told to make use of casino's that don't require kyc for withdrawal of any amount won thereafter sign up. Even as that some casinos may pretend to be a no KYC requirements casino but when a huge amount is involved they start giving kyc conditions for withdrawal.

It will be very hard to see any gambler that will voluntarily forfeit such huge amount of $70,000 we don't always see this amount on the green line everyday so just like you I'll render my KYC on the grounds that am assured of making the withdrawal after summiting.

[Natsuu]

I completely understand the dilemma. Personally, I wouldn't play in a casino that isn't legit from the start. However, if I happened to find myself in this situation, having won $70,000, I would choose to submit the necessary requirements for verification. I mean, when dealing with a substantial amount, it's essential to follow the casino's procedures to claim the winnings. If it turns out that they are a nonreputable casino after my winnings, it will fall on their image and it will be cross out for me. After all, I only just bet $100

But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.

[NeilLostBitCoin]

Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?

I would ask if the casino is legitimate in this forum if it's relatively new. From there, I can decide whether to forfeit such an amount or risk my private information.

But if I'm a businessman and can earn that amount quickly, I would not dare to risk my identity. Who knows what they can do with such private information? They might sell it to the wrong people.

[stadus]

First, it's crucial to understand the KYC requirements of a casino. The amount you win doesn't really matter because each of us has our own betting range in gambling. If you win and the casino asks for KYC information, including documents to verify the information you provided, it shouldn't come as a surprise. When you signed up, you should have already read the Terms of Service, where this would be outlined.

However, there are cases where a casino promises complete anonymity and then suddenly requests KYC when you've won a substantial amount. In such instances, you should be cautious and consider the possibility of a potential scam. Nevertheless, you should also consider the site's reputation. If it's reputable and has a lot to lose in terms of its reputation, then it's generally safe.

With $70,000, there are plenty of things you can do to improve your future, so why not.

[pawanjain]

So, for some days now, I've had this thought of "how much some people really value their privacy in gambling", like as a gambler, you signed up on a new casino and immediately, you are allowed to deposit and play without going through a KYC verification process like we do on some casinos immediately after registration.
You start playing and luckily, you won a significant amount of money.

I know the word "significant" can mean different values for different gamblers, so let's use figures i personally think are significant and capable of changing lives.

So, let's assume you luckily won anything as from $70,000 and above with a total bet below $100, and to withdraw this money, or even part of it, the casino requires you to pass all levels of verification in their system, which means that you will have to provide them all your personally information down to the most private of them all, and this casino is relatively new and you are not sure about their reputation.

Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?

I love to read your thoughts on this.

If we consider an amount like $70,000 then I would definitely give it a shot. It's a pretty good amount and as far as KYC is concerned then trying your luck for such an amount isn't a bad idea.
Also, the reputation of the site matters as well. If I see negative reviews and scam accusations about the site then I would think before providing the KYC but if it as good reputation then I will go for it.

[Mauser]

Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?

I love to read your thoughts on this.

Of course I would give them all my personal information to process my withdrawal request. 70,000 USD is such a large sum that I would be doing pretty much anything to get my hands on the winnings. Just thinking about what that would mean to my crypto portfolio is crazy, it's more than 2 BTC. Or you could be using that money for a down-payment on an apartment. Several years ago I was all about anonymity on the internet and I invested a lot of time to avoid sharing my personal information. But since then a lot has changed, I need to enter my details at so many different sites that it becomes impossible to protect yourself forever. For example, there are Apps for banking, medical insurance, public transportation, taxes and utility services, local coupons for restaurants and other deals. With all these companies already storing my personal information it doesn't matter if some casinos have it too. Also by now most of the people that know me are aware that I enjoy gambling, there shouldn't be any backlash.

[Odohu]

First, any casino that do this is not to be trusted and the intention might likely to deny you the money or make the conditions a little difficult to check if you will give up on the funds.

Personally, I will submit the documents and do the KYC, provided I will be paid my winnings. We do KYC for minor things talk more of when $70k is involved. I know there are people that will think twice before submitting  such KYC but I don't belong to that category because the amount involved is huge and it is my wish I get to such a situation.

It is for the avoidance of this occurrence that gamblers that take too much importance to their privacy are told to make use of casino's that don't require kyc for withdrawal of any amount won thereafter sign up. Even as that some casinos may pretend to be a no KYC requirements casino but when a huge amount is involved they start giving kyc conditions for withdrawal.

That is the problem! They don't put these conditions during registration and anywhere in their terms and condition. It is usually conjured during withdrawal of huge wins. Maybe they felt no one will win such huge amount, hence the reason they never bothered to add those conditions.

It is really a big weakness on the part of those casinos and I don't know if there is any possibility for gamblers to seek legal action against them regarding this supposed sharp practice. 

[Bitinity]

Hard question to answer for me especially because the case is specified to a casino which I'm not sure about the reputation. $70,000 is a big amount to miss, it can be a life changing money for some people including me. I cant even earn that much from my own job even if I work for 10 years. If there is no level 1 KYC it the beginning, maybe I can find someone around me who want to be paid to do the KYC or maybe offer him few percent of the amount if the KYC is approved and withdrawal can be processed.  But if there is a level 1 KYC in the beginning where I have submitted my own name, address, etc, there is no other choice except to submit my own personal documents, doing selfie, etc.

[Z390]

It's the KYC discussion again, I believe we have had too many discussion about KYC requirements from casinos, if people value their privacy this much they should not gamble online, they can visit casinos nearby and do their gambling, as for online casinos it will be hard to run a casino online without registering the casino and to make sure this happens they have to abide by the law and follow the rules.

I don't have a problem with KYC verification, I used to not like it but later I understand that a genuine casino need to verify their customers to keep their business going, or face the wrath of the law and regulators, in this case it's pointless to hate casinos because you can't gamble without having to pass KYC.

The only things that matter to me is not exposing my details online like home address and bank account details, this is why I don't bother using Fiat for gambling, not even credit cards too, crypto have make it easy to become a gambler without anyone noticing that you are gambling.

[rachael9385]

I completely understand the dilemma. Personally, I wouldn't play in a casino that isn't legit from the start. However, if I happened to find myself in this situation, having won $70,000, I would choose to submit the necessary requirements for verification. I mean, when dealing with a substantial amount, it's essential to follow the casino's procedures to claim the winnings. If it turns out that they are a nonreputable casino after my winnings, it will fall on their image and it will be cross out for me. After all, I only just bet $100

But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.

Yes, exactly, we know money is something that people don't joke about. I would say that, if we gambled and. Then, win such a huge amount of money, there is no need for us not to submit the necessary KYC requirements for us to withdraw the winnings. There are only a few sets of gamblers that can only live their money at a gambling site because of the KYC they asked for, so for me, I will do the same as to put my KYC and withdrawal my money.

It is very hard for a gambler that has won a huge amount of money to forget about it, let me say from $30k and above, to not verify the KYC when he/she has the necessary documents to do it. It is easier to live a small amount of money at a gambling site than a large amount of money there. Even if the gambler tries to forget about it, it will still ring on his or her head because it is not an easy task.

[topbitcoin]

However, if it's in a new casino and I don't have confidence in it, then it becomes more difficult...
Firstly, I would look for reviews and feedback, if I find a lot of negative things then I would certainly give up the prize, as the probability of doing KYC and still not receiving anything is very high.
But even if it is a new casino, if I find a good thread about it here on bitcointalk, and positive feedback, I would probably do KYC in hopes of receiving my prize.

Pretty good point and I agree with this especially I am not someone who is too closed to KYC even though sometimes I want something more hidden for myself but I can also still do KYC if it fits the needs and rules BUT with a note that this fits the criteria which I think is quite normal and it's okay if we do KYC.
I'm not sure if it's a good idea to do KYC and only a few that we trust to do it because in the end this is also to convince ourselves that we shouldn't easily trust many parties especially by doing KYC but when the reputation is good enough and there hasn't been any complaints about it then indeed I can still consider it.

[piebeyb]

But preferrably, we should thoroughly research the casino's reputation and reviews before we put our bets especially if we are expecting a big prize. While privacy is incredibly valuable, in this scenario, following the verification process to receive that amount of money would be the logical choice for me.

Yes it is important to ensure that the casino you are playing at is one that has a really high reputation and is very safe to protect your identity, $70k is not a small amount of money and new casinos will probably use that KYC as another reason to make it difficult for users to withdraw and on finally refused KYC and canceled the user's winnings then the account was frozen. but it will be very different from a casino that has a high reputation.

I also often see cases of account problems being frozen by new casinos but if you play at a casino that has a high reputation they will definitely keep our identity safe and process withdrawals easily including KYC, I know that KYC is a privacy thing that must be maintained but to play in the right casino I don't think it would be a problem for me personally. But coming back to the views of other gamblers, sometimes everyone has different opinions.

[$crypto$]

Given the situation by @OP,  I will definitely undergo KYC on that platform in order to withdraw the amount.  It is a life changing amount in my country where I can buy my own house, a car and some amount to start-up a business.  What is privacy when I am starving to death.  At least I can exchange my privacy to a life changing amount.  Besides, I am in hope that the platform will take care of my data and won't sell it in the market.  Besides, this is not my first time to undergo full KYC in a platform.  

Hahaha,,,, I will do it because this is a big amount of money that can change anyone's life, you said it right can buy a house and car or other items that you have not bought because of limited money.
People will be willing to exchange privacy for big money sometimes privacy is not important if they have often done KYC on several platforms for just a small amount of money let alone this big money obviously they will do it without looking at anything.

If the casino is really paying then it is a big advantage, if the casino is a scam there is no need to worry because I also have the same thoughts hopefully the data is not sold on the black market.

[Altryist]

Hard question to answer for me especially because the case is specified to a casino which I'm not sure about the reputation. $70,000 is a big amount to miss, it can be a life changing money for some people including me. I cant even earn that much from my own job even if I work for 10 years. If there is no level 1 KYC it the beginning, maybe I can find someone around me who want to be paid to do the KYC or maybe offer him few percent of the amount if the KYC is approved and withdrawal can be processed.  But if there is a level 1 KYC in the beginning where I have submitted my own name, address, etc, there is no other choice except to submit my own personal documents, doing selfie, etc.

Often, a casino may give you the opportunity to play with some minimal information about you, which can ultimately be edited, or it is possible to play without verification, but it will be required to withdraw funds. Therefore, some players decide to try to play for small money to see how well they can do it and they will be ready to pass the KУC when they win a good prize, but if nothing works out, they will simply leave the casino, or continue their attempts.

[Mr. Magkaisa]

Given the situation by @OP,  I will definitely undergo KYC on that platform in order to withdraw the amount.  It is a life changing amount in my country where I can buy my own house, a car and some amount to start-up a business.  What is privacy when I am starving to death.  At least I can exchange my privacy to a life changing amount.  Besides, I am in hope that the platform will take care of my data and won't sell it in the market.  Besides, this is not my first time to undergo full KYC in a platform.  

Hahaha,,,, I will do it because this is a big amount of money that can change anyone's life, you said it right can buy a house and car or other items that you have not bought because of limited money.
People will be willing to exchange privacy for big money sometimes privacy is not important if they have often done KYC on several platforms for just a small amount of money let alone this big money obviously they will do it without looking at anything.

If the casino is really paying then it is a big advantage, if the casino is a scam there is no need to worry because I also have the same thoughts hopefully the data is not sold on the black market.

        -  Whoever chooses that amount, I will have a nice house and lot and a brand new car at that amount, and at the same time, I will be able to build a business at that amount. It will actually help me a lot.

So it's fine for me to give my information as long as I also know that a well-known casino will give me the jackpot prize; I won't have a problem with that. Then almost everyone who commented here chose money, not the other, because everything is practical in life.