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.
Not entirely true.
2. KYC requirements reduce under age gambling.
I agree with this but documents can be falsified using tech and since no indepth scrutiny is done, it is not always the case.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
How does this happen excatly.
4. KYC requirement reduce scamming
Do you mean scamming from the casino or the players? What I can say here is that KYC will reduce duplicate accounts.
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
Yes.
6. KYC requirements adhere to government regulations and legitimize a casino.
Most casinos may have made it optional if not for the regulations and penalty attached for failure to comply.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
Not really. They can move to another casino and create a new account.
8. KYC requirements can be used to enforce regional gambling restrictions.
Agreed.