Why do you want to play on casinos without KYC requirements?

[macson]

I was thinking about this question over the weekend and I cannot seem to find legitimate reasons why people would want to play at casinos that do not require KYC verification.

1. KYC requirements reduce money laundering.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.  

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it. 

the discussion about KYC will actually be eternal, everyone will have the right arguments to support their opinion about KYC.  In my view, KYC is personal, whatever reasons you use to avoid or support KYC are all correct.  on the one side, i support KYC because i don't want minors gambling, they don't have time to know about it yet, but on the other side i reject KYC because it relates to a person's privacy and personal data which of course is vulnerable to misuse or abuse / bought and sold.  Now it's up to you how you look at KCY!!

[electronicash]

privacy concern individuals are the first to have suggested not to submit those IDs actually and then we learn it's important to hide our data.
until then if there is still an option where users are not forced to send documents and IDs to the casino, they will take that option. 

not withdrawing funds that are more than the threshold for KYC mandatory i think is one of the options they are taking. seem to have taken more risk but if that's the way they like it then be as what they want it to be. the funny part is that when it is airdropped that asks for KYC documents, they are sending those documents for an uncertain amount.

[darkangel11]

1. KYC requirements reduce money laundering.

Why should I care? I don't use fiat money, I don't launder anything. Why should I be punished for someone else's actions

2. KYC requirements reduce under age gambling.

Porn sites and sites that sell alcohol ask people about their age on entry. Why is it sufficient when ti comes to these sites, but not casinos?
There's such a drive towards equality, but no equality there.

3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)

Isn't blocking the account and blocking withdrawals enough of a punishment?

4. KYC requirement reduce scamming

Casinos have enough staff and redundancies to stop people from scamming them. When there was no KYC requirement for bitcoin casinos years back they were doing just fine.

5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)

We're talking about "requirements." What if I want to take the risk and simply not hold any money there? I guess I'm not allowed, because it's not a risk reduction method.

[Fatunad]

I was thinking about this question over the weekend and I cannot seem to find legitimate reasons why people would want to play at casinos that do not require KYC verification.

1. KYC requirements reduce money laundering.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.  

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it. 

the discussion about KYC will actually be eternal, everyone will have the right arguments to support their opinion about KYC.  In my view, KYC is personal, whatever reasons you use to avoid or support KYC are all correct.  on the one side, i support KYC because i don't want minors gambling, they don't have time to know about it yet, but on the other side i reject KYC because it relates to a person's privacy and personal data which of course is vulnerable to misuse or abuse / bought and sold.  Now it's up to you how you look at KCY!!

Yes, it would really be that a never ending kind of discussion or something that would really be in talks knowing that there are people who are really just that fine with those KYC set ups and there are those people who are really that allergy into it on which means that you would really be having that kind approach and dealing with it basing on what you are currently facing. Somewhat if we do speak about crypto people then it would really be just that so normal that they would really be always preferring into things which are KYC-less but since that government doesnt really like on being getting behind specially into those businesses that involves or integrating crypto then this is why they would really be imposing those rules and laws on which these places or businesses wont really be having no choice but to comply if they do still that their business would really be continuing on running but somewhat if we do try to look around on which on the time that do make use of some services in crypto field, most of them arent needing to have that KYC on point
but rather they would really be asking something on the time that you do hit up that particular threshold. Lets just wish that they wont really be asking immediate KYc on the time
that you do make that registration because it do really sucks up on that way.

[lienfaye]

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Simple reason is because I want to play anonymously. It's all about privacy that the platform is not holding any of my private information because it can leak anytime if there's a data breach. The security of data is often a concern.

That's why if possible, I want to play without undergoing identity verification. However, we know nowadays, many casinos are implementing this for the reasons you have stated (to prevent fraud, age verification etc.) and it's a reality that we need to accept if we want to gamble in legitimate casinos since they're just doing it for legal compliance.

[Ojima-ojo]

The major reason why I play in those casinos that require KYC is because.


1: I don't have any choice if that casino is the only reputable casino that I feel safe and secure to play on and without any other choice, so for that, I may allow myself to go through the verification process just to get everything in place and set before I make any deposits.


In fact, I don't play in a casino unless I already have my KYC verifications done and approved before anything else, unless I am gambling on a decentralized casino that doesn't require my KYC.

[Alphie12]

The only time that a bitcoin casino asks for KYC is when they are looking for a reason to steal your money.

[coolcoinz]

The only time that a bitcoin casino asks for KYC is when they are looking for a reason to steal your money.

I can see another reason. They ask for KYC when their license requires them to.
Many casinos don't want to do it because it's additional cost for them. They have to pay an outside company to verify clients, or pay their own employees to do it, but if they don't do it they'll have to move somewhere else because the authorities will go after them.

It's the governments that we should blame for KYC, not casinos.

I go for no KYC because it's convenient and I know that I'm not a money launderer or anything, so I see no reason why I should be required to go through KYC when I wager very little and don't abuse the system in any way. Ultimately this is a trust issue.

[Dunamisx]

The only time that a bitcoin casino asks for KYC is when they are looking for a reason to steal your money.

This is wrong and misleading, you shouldn't have talked in this manner, casinos are not all thesame, we have many of them that can be trusted by the level of how they have been working towards having a better experience in what they offers to gamblers, requesting for KYC shouldn't be our utmost fear, if we know we have every required informations, then they wouldn't hold us down for nothing if we provide them as accordingly.

[Hatchy]

7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)

I really don't think KYC can be used to reduce addiction.people who creates new account sometimes are those trying to cheat their way into those free offers given to new account upon creation.kyc can be used to stop such acts since you register on document to one account.

 Alot of people gamble on no KYC casino's because they are are scared of sharing any of their personal information online since they aren't sure they might play there for long. And also if they don't trust such casino.

[Sandra_hakeem]

KYCs have been assumed to reduce money laundering and also adjust the risk of gambling addiction... It's imperative to know that alot of illicit activities has been happening in most gambling platforms even with the implementation of KYCs...
You can't teach a tech guru how to steal- there's definitely a way out to every routes that has been blocked already... KYCs may have an important role to play, but I think it's mostly about the monitorization policies...

Sandra 🧑‍🦰

[BitDane]

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

The list can easily outweigh by the risk of a data leak.  Having a KYC on a weak security casino can be resulted to a data leak if some hackers are able to breach the security of a casino.  Or the casino intend to get money form their customer data by selling them to other company.

It is due to data privacy, one of the major reason why many gambler prefer to play on a casinos that does not require KYC requirement, while others are just too lazy to undergo the process of submitting personal information to the casino. 

Imagine the trouble of scanning the valid ID, taking  a selfie while holding both the valid ID and the bond paper where the name of the casino is written and uploading them to the site. I, myself would rather not to do such process and will choose the casino that does not require us to do such tasks.

[Quidat]

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Simple reason is because I want to play anonymously. It's all about privacy that the platform is not holding any of my private information because it can leak anytime if there's a data breach. The security of data is often a concern.

That's why if possible, I want to play without undergoing identity verification. However, we know nowadays, many casinos are implementing this for the reasons you have stated (to prevent fraud, age verification etc.) and it's a reality that we need to accept if we want to gamble in legitimate casinos since they're just doing it for legal compliance.

One of the reasons on why crypto gambling did really get that much attention because of the anonymity that it gives on which this is something that gamblers do really like, although there are people who dont really care about their identity to be exposed online as long they do know  that they havent done something then that would really be giving out that kind of confidence on which
they do really have that point. If as much as possible then it would really be just that much preferred on playing anonymously on which there's no one who do know on what you are doing
or simply does know about your identity neither on other players or the house itself. It does really give out that kind of confidence while you do play.

[Yogee]

The only time that a bitcoin casino asks for KYC is when they are looking for a reason to steal your money.

Come on now. I prefer no KYC platforms myself but let's not ignore the fact that there are also users who exploit some game features and bypass betting restrictions of casinos. These gambling platforms should also have a way to protect themselves from abusers stealing and identity verification is one of that unfortunately.

[ralle14]

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

It's mostly for convenience reasons that's why I pick gambling sites without KYC. It's one less step in creating an account and I don't have to worry about casinos performing KYC on my account when i'm one of the smaller players who never reach their threshold for KYC. If I open a verified account, I sometimes overthink about KYC casinos possibly closing my account and potentially exposing my documents when they're one of the few sites with access to my information.

[kotajikikox]

The only time that a bitcoin casino asks for KYC is when they are looking for a reason to steal your money.

This is wrong and misleading, you shouldn't have talked in this manner, casinos are not all thesame, we have many of them that can be trusted by the level of how they have been working towards having a better experience in what they offers to gamblers, requesting for KYC shouldn't be our utmost fear, if we know we have every required informations, then they wouldn't hold us down for nothing if we provide them as accordingly.

that is completely correct , he seems to be bitter in most matter or guilty by something that's why he kept calling casino as cheater and the same when there are many casinos there that legit and never tries to take your money by just withdrawing , sometimes it is about your activity that called the system attention so it was been asked but that does not mean that every casino and every transactions are indeed making this far for asking our details.

[Hirose UK]

People out there want non KYC casinos because of the idea of remaining anonymous in the gambling industry but they don't realize that KYC will only be known by the casino team and this means the gambler can still remain anonymous because no other gamblers will know their.
Apart from that, there is fear that bad things will happen such as data leaks and the sale of personal identity data on the black market, but things like this will never happen if large and trusted casino is used.
Moreover, every large and trusted casino always has layers of security to maintain customer comfort and trust, even though there are several problems that may be caused by hacking, each customer data is guaranteed to be maximally protected by the casino.

So far I am also quite surprised why there are still gamblers who are so worried about KYC that they actually avoid requirements like this.

1. KYC requirements reduce money laundering.

This is not true. Money laundered are mostly in banks hidden in businesses people thought are legit.

In fact, there are quite lot of cases of money laundering on gambling sites and also crypto exchange platforms.
In this current era, times have developed and people with crimes involving embezzlement of funds or anything related to personal gain will always enter the proceeds of crime into crypto platforms or gambling sites with the aim of eliminating traces.
Moreover, when they launder money into banks, it can be detected more easily.
Another thing about legitimate businesses is that the gambling business is also legitimate business in various countries.

[Zlantann]

~sniped~

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it. 

Nice topic and a wonderful arrangement of facts. Most of the issues you raised concerning KYC are true but some have been overused or misused by regulatory agencies and sometimes casinos.

First, I don't want people to know that I am a gambler because of negative societal perceptions of the activity. Gambling is legal in my country but most people see it as immoral. I decided to keep my gambling life secret to protect my career and family.

There are cases where your personal information is sold or transferred to untrusted third parties without the permission of the gambler. This is abnormal and could be used for criminal activities. So I prefer not to give my details to these casinos.

I don't also want to be under the radar of any government agency. Since some section of the population sees gamblers are criminals, it is normal for law enforcement agencies to monitor the financial activities of gamblers and KYC can help them do it perfectly. I also prefer to be anonymous because I don't want to be monitored by anybody when I win big.

[Kakmakr]

I am glad this discussion sparked this much discussion, because we need to speak about these thing.

I did not post this thread to discuss the reasons why KYC are evil in so many ways, but rather why you want to gamble on a site without KYC verification.

A lot of people used "privacy" as a reason and I can agree with that, but anonymity also provides "privacy" for criminals and scammers. So, would you rather have "privacy" over some kind of protection that KYC provides?

We have to remember that KYC verification are not without loopholes and criminals exploit that, but it makes things more difficult for the majority of the smaller criminals to bypass it.

The pseudo anonymity of Bitcoin has the same PROs and CONs ....and we know governments hate Crypto currencies because of that, but some protection is better than having nothing at all. (You hate it, until you get scammed or hacked or you lost access to your account) 

[Reatim]

I am glad this discussion sparked this much discussion, because we need to speak about these thing.

I did not post this thread to discuss the reasons why KYC are evil in so many ways, but rather why you want to gamble on a site without KYC verification.

I Don't think there is for any reason people think KYC is in evil or that bad but instead they wanted to hide their personality and for me this is respectable .

A lot of people used "privacy" as a reason and I can agree with that, but anonymity also provides "privacy" for criminals and scammers. So, would you rather have "privacy" over some kind of protection that KYC provides?

Protection is indeed , but for people that hates KYC it is their own way of protection(for own reason)

We have to remember that KYC verification are not without loopholes and criminals exploit that, but it makes things more difficult for the majority of the smaller criminals to bypass it.

if we are talking small criminals , but in gambling we are mostly talking about bigger criminals those who can afford to spend money and time just to get peoples trust and contentment.

The pseudo anonymity of Bitcoin has the same PROs and CONs ....and we know governments hate Crypto currencies because of that, but some protection is better than having nothing at all. (You hate it, until you get scammed or hacked or you lost access to your account) 

Exactly mate but there is also no assurance that KYC asking site will never scammed or hacked us, because we have seen this happened in the past that a legit casino ending running away with gamblers money .