Kakmakr (OP)
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November 13, 2023, 05:55:45 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Oshosondy
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November 13, 2023, 06:02:18 AM |
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1. KYC requirements reduce money laundering.
This is not true. Money laundered are mostly in banks hidden in businesses people thought are legit. 4. KYC requirement reduce scamming
How? 5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
After the account has been drained by the hacker and no money left. 7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
Do not let us deceive ourselves, this is not true. 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?
Privacy.
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sujonali1819
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November 13, 2023, 08:27:17 AM |
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1. In one word it's all about privacy. None want to share their personal detail online. 2. People who come to play from a country where gambling is highly prohibited. So they of course don't want to show their personal details to someone that can create a serious problem for him. 3. The benefits you added to your list, people want to bypass all of them without doing KYC ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Z390
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November 13, 2023, 08:33:00 AM |
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Probably to protect their privacy and some to get away with their illegal activities, because honestly I don't see any reason to hate KYC when it comes to gambling, this is so something that has nothing to so with decentralization, the government is aware and fully support it that's why they regulate casinos, so why the need to hide? There have been few lucky lottery winners around the world and they are well known, nothing happened to them when the news broke out, but I understand that not all countries are the same.
I choose to start gambling because there is now online gambling, what I don't want people to know about me is my involvement in gambling, and online gambling platforms solve the problem, I don't want my people to have a wrong sentiment about me and to avoid some lies and gossip about me that's why I don't do local casino gambling.
NYC's saved more than many realize, the damage that a casino who requests no KYC can do is way higher than the damages that a regulated casino can do, the gut that people have to share information with a non-regulated casino is crazy, some use their credit cards on such platform.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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mindrust
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November 13, 2023, 08:33:44 AM |
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Privacy is a basic human right. It is as simple as this. You don’t have to explain anything you do to anybody unless it involves criminal activity and that’s the problem of the police forces. Do you do KYC everytime you spend your cash at the grocery store? Why would I send my passport scan to somebody I don’t know about? If you give up your right to stay private, they will come for more. Soon, you won’t have the right to own property. 2030 is incoming.
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Unbunplease
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November 13, 2023, 08:40:18 AM |
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One reason is that we send our personal data to people who are themselves anonymous and essentially responsible for nothing. Another reason is that personal data can always be leaked. Also, it cannot be ruled out that sanctions may be imposed against any country or legislation may simply change, and funds may be frozen instantly
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Wiwo
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November 13, 2023, 08:48:12 AM |
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1. In one word it's all about privacy. None want to share their personal detail online. 2. People who come to play from a country where gambling is highly prohibited. So they of course don't want to show their personal details to someone that can create a serious problem for him. 3. The benefits you added to your list, people want to bypass all of them without doing KYC ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I agree with you on the need for privacy in the gambling industry or any online platform that allow us to use cryptocurrencies which, whose main aim is to give it user privacy and freedom in their online activities, this is what makes up for whatever becomes of the frame up of the mind to either hand out their personal details and documents on some of the online site that there has less trust on. But then also we have to look at KYC and what are its possibilities to our contemporary online life ranging from centralized exchanges and other financial services providers that cryptocurrencies users may not be able to do without, but need to comply with regulations, this makes KYC in some cases an unavoidable evil that we need to face.
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EarnOnVictor
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November 13, 2023, 08:54:27 AM |
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I'm a fan and advocate of KYC to keep our environment safer, and the more you allow people to do whatever they like unrecorded/traceable, the more they go uncontrollable in perpetrating their evil. Human beings can't ever be trusted and not companies as well, this is why KYC is good, at least it's a layer of knowing companies and the people dealing with them.
I do wonder how some people would be defending No-KYC. I believe any no-KYC casinos should never be trusted as they might have something they are hiding, they might be possibly daring and not just responsible. No person or company that means well for the world to keep it safe from illicit activities would shun KYC, and the risk of dealing with such company is very high.
The exception to this are mixers, by practice, they are to increase privacy for the purpose of having huge money that you might want out of the prime eyes' radar. But what is the excuse of casinos?
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iv4n
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November 13, 2023, 09:05:50 AM |
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One reason is that we send our personal data to people who are themselves anonymous and essentially responsible for nothing. Another reason is that personal data can always be leaked. Also, it cannot be ruled out that sanctions may be imposed against any country or legislation may simply change, and funds may be frozen instantly
True! It's insane to send our personal/sensitive info to people who are hidden... I guess it can be leaked, or sold by the hidden owners. Who knows what they are capable of when we don't know them? Privacy is important, but except that I really don't like the "paperwork". Why would I bother providing all the documentation to some casino? In my opinion, it's pretty discouraging, KYC can't improve my gaming experience. 8. KYC requirements can be used to enforce regional gambling restrictions.
Well, since I live in a country that was "restricted" in many ways for many years this is something I don't like. Crypto should be open for all and free for all! So KYC is not in crypto spirit and that's another reason why I don't like it at all.
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Cantsay
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November 13, 2023, 09:07:53 AM |
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The only real reason I can think of right now is; privacy. Although, I have never seen or heard of a case involving a casino before but most people are afraid of their personal information being stolen, we all have read how someone was faced with a huge problem because someone was was able to steal his data from an exchange where he completed his kyc and after much investigation it was finally discovered that it was not him but instead a hacker. So unlike the reason you have started; the main reason why users don’t like kyced casino is simply because they value their privacy. 7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
Nah, this does not work an addict can have just one gambling account and still be a chronic gambling addict.
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3kpk3
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November 13, 2023, 09:11:38 AM |
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Mauser
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November 13, 2023, 09:20:48 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I think it's fine to use KYC in today's world when gambling online. In the past it may have been that people really wanted to protect their personal information and where scared that other people find out that they gamble online. However, the world has changed over the last few years and it became much more common to gamble online. The boom of crypto casinos due to the covid lockdowns meant that a lot of people have enjoyed gambling from home and it's not something only a few have done. Among my friends almost everybody has visited online casinos a few times in the last 2 years and using KYC became the normality. There is no reason to feel bad about gambling online and also sharing our personal information happens at so many different levels when browsing the internet. In my opinion we just have to accept the KYC requirenments and move on. As long as the casino keeps our personal information safe I don't have any issues and if there was an issue with safekeeping and storage of KYC data I would probably switch casinos.
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Fivestar4everMVP
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November 13, 2023, 09:36:41 AM |
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Well, the thing is, personal information is very expensive these days, and those who know and understand the true value of their personal information do whatever they can to protect it, as well as keep it safe.
For me personally, i am not or do not run away or avoid passing a KYC verification if mandated to by the platform or whatever casino i am playing gambling on, but what i do is to make sure that the platform or casino in question is one that i really trust, and others trust as well to keep user's private information securely and away from malicious people who would or may want to steal those information and sell to third party companies who would use it for malicious activities, or they themselves steal the information and use it for malicious activities themselves.
This i believe to be the major reason why most gamblers are very and always skeptical about submitting their private information online as a way to get KYC verification.
As sure as we or most of us know that KYC verification is something that the government have mandated almost every company, both online and offline, to carry out on their customers, as a way to try to reduce scam and fraud in our society, it is also still very important for every one of us to be very careful which platform or casino we are submitting our private information to, as they are also a lot of scammers out there who disguise as a gambling casino, just to phish customers private information, as well as steal money from unsuspecting victims.
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Bitinity
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November 13, 2023, 09:41:28 AM |
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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)
I agree with these 3 opinions although I'm not pretty sure how effective KYC for these 3 things. 4. KYC requirement reduce scamming
I dont get it because I think the opposite, because players are usually the one who become the victim of scam. KYC will add more risk for them because once they submit their identity, there is possibility that their identity can be sold by irresponsible staff of the casino. 5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
I dont think people whose accounts are hacked is willing to recover their account, most of them care about the money and once their account is hacked and their money is stolen, recovering the account give them nothing and I think most people will not be interested to stay in the casino where their account is hacked because of trauma. 7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
It will not be an effective way to reduce addiction by KYC, even self-exclusion in casino can be said as useless feature because people can move to other casinos easily. 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?
Because gambling is something illegal in my country and anyone involved in gambling is considered as criminal. I also do not want to risk my job career in real life by doing KYC in online casinos.
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shield132
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November 13, 2023, 09:51:49 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 1. What if you are a criminal and force someone to do KYC verification for you? KYC verified person will be the only victim. In overall, elites manage to launder money with or without KYC through banks, verification doesn't matter if you have deep pockets. See the scandals of money laundering though one of the biggest bank in the world, deutsche bank. 2. Yes, it may reduce under age gambling but teens can also ask other adults to borrow account and gamble with adults account, that's not a big deal too. 3. Doesn't make sense. 4. Doesn't make sense. 5. Valid point but take care of digital security and you won't face that problem. 6. KYC is forced by governments. 7. I can't agree with you here, it's very individual process. There are casinos that really care about their customers and there are ones that try to use the weaknesses of their users as advantage. 8. Yes, good point. I suggest you to keep in mind that people use bitcoin for it's anonymity and decentralization. When you use Bitcoin, you care about your privacy and bitcoin casino should be the one that will help you to take care of your privacy. If they ask you for KYC and your bitcoins are traced or getting watched where they come and go, then it's meaningless to use crypto. There is a fiat for privacy-less world.
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FatFork
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November 13, 2023, 09:52:57 AM |
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Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?
There's an old post by 1miau that explains it better than I ever could. I think everyone should give it a read. Why KYC is extremely dangerous – and useless
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Hispo
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Leading Crypto Sports Betting & Casino Platform
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November 13, 2023, 10:06:23 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The main reason I would not like to give my information so easily applies not only to casinos but also to any kind of online business. Because I stadistically, the more webpages or services have our information, it becomes more likely our information will end up in the hand of criminals. So, I have got no problem to give my information to one or two big casinos which I can trust to some degree because they have got a big budget for security and whatnot, but it is completely different when one is the kind of person who likes to go around testing new casinos and in a year gives all their personal information to them. It only takes one of those casinos to commit a security mistake and one face, passport, name, etc would be used by anyone somewhere to steal our identity online and get us in trouble for no reason. I have not problem when AML measures or anything used to stop criminals, since I would not care less for them.
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decodx
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November 13, 2023, 10:08:22 AM |
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I don't think KYC is always necessary, not just for gambling but in general. Handing over personal info to any company seems too risky. You never know if they'll keep that info secure or if they'll have a data breach and so many big companies have been hacked before and lost peoples private data. I remember hearing about credit card companies getting hacked and all their customers' social security numbers and credit cards getting stolen. That's scary! If you don't absolutely need to give a company your personal info for their service, its probably smarter not to. There's always a chance your data will get compromised if you give it out. So I'd rather avoid KYC if I can.
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Text
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November 13, 2023, 10:35:07 AM |
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I want to play in casinos without KYC requirements for privacy concerns. I don’t want to share my personal information because I’m worried about being tracked or monitored and data breaches or identity theft. I don’t want my gambling activities tied to my real-world identity for various reasons. I am not comfortable with the idea of sharing detailed documents with an online platform even if I am legally gambling. So, this is a personal preference.
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coin-investor
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November 13, 2023, 10:46:42 AM |
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Like all the rest here privacy is a concern when players prefer to play in casinos without KYC requirements but the KYC does not come from the management it is a requirement that is within their license and they have to be compliant if they want to keep their license.
But KYC should not be mandatory for those who casually play and only apply for those accounts that are suspected of money laundering and cheating and not for gamblers who just want to play and have fun, the casino should be good at tracing what accounts are considered to undergo for KYC. KYC should be an exception to the rule and not the norm for casinos, so far majority of casinos implement KYC because it's very risky for a casino to operate without a KYC because of the regulators who can stop their operation.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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