A Max Win is the worst thing that could happen to you.

[Bananington]

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

It is not not money laundering, but another sort of crime on it's own that some casino's are guilty of. There are casinos that will make the KYC process very difficult such that it discourages a winner who has just won a good amount of money from claiming their money by asking for some documents which the gambler may not possess. This is possible because these casinos know that they are gamblers who do not have some sort of documents so they do not trouble these gamblers during the sign up process or the deposit process but will wait until these people win an amount of money before they start demanding for this document. It is a very bad business behavior.

[YOSHIE]

For me, the KYC process is not a major problem for me. If all online casinos require users from the start, KYC is not a problem for me, of course I will do it, of course I will carry out these rules, without thinking about other alternatives, if that is the best thing.

The problem is in my understanding here.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

It's clear that there are kong-kong kongs here, there are shrimps behind rocks, logically it is impossible for KYC to be linked to money laundering in online gambling, it is necessary to ask what is behind all this KYC vs. Money laundering.

Recent government policies have indeed led to a goal, perhaps in the future the online gambling industry will not be free from government monitoring, whether it is an economic goal, taxes and other things, what is clear is that there is something that the casino must do for the government, KYC and money laundering are made the scapegoat, the problem, no one escapes taxation, KYC is an effective solution at this time.

[masulum]

I once did KYC on one of the platforms which simply used a cellphone number and email. With this KYC, I can make withdrawals of around a maximum of USD 6K. This is a large amount when referring to the currency value in my country. With this minimum KYC, in history, i already made a withdrawal (one time) $2K without any additional data needed.

If, the platform asks for full identity KYC, I will searching any info, whether the platform has experienced a user account data hack or not. If it doesn't exist yet and have good reputation to store customer data, then I will put my trust in carrying out full KYC. of course with all the risks, as long as the win is big enough or can change my life.

Usually, it is considered money laundering if you make a large deposit at once. But, I think if we get maxwin starting from a minimal deposit, like $50 you are so lucky getting $20K, there is no reason why our winnings should be called money laundering. IMO

Of course, this is from my perspective. I understand the dangers of doing KYC, but there is no solution to avoid full KYC for large amounts. Because on the other hand, companies also need customer data. either for verification or other needs.

[moneystery]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

....

this topic has often been discussed, where should a gambler complete kyc or wait until the casino forces them to do it, the answer is clear that if the casino has a kyc feature, then a gambler must complete the process first before they play, even at the casino didn't ask for that. because that could be a problem in the future, for example the gambler wins a large amount, then the casino may refuse to pay their obligations because the gambler has not completed their kyc.

as there is no problem for a gambler to complete kyc before they gamble. there is nothing to be afraid of, because casinos do not only store the data of 1-2 gamblers in their database, but hundreds of thousands of users and if they are regulated, this data should be stored securely.

[Frankolala]

If you could do KYC process before making a deposit, would you do it?

Of course, Yes. I will do it to avoid any problem that might occur in the later based on withdrawal issues when I win big, because I believe that I will win big someday, so I will be prepared for it.

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Why are you gambling at the first place, it is to try you luck and at the same time have fun. So why will any gambler be afraid of getting a Max win. If you have already done KYC from the beginning before depositing, it will not be a nightmare. If you are not OK with the KYC thing, then you forego your wins.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I don't see it as money laundering, because it is kept legally in the the casinos account since it was a bet, and if you provide the required documents, you will be allowed to withdraw.

[ethereumhunter]

It's better gamblers do KYC process before makes a deposit to avoids any problems, especially when they wants to withdraw their wins money. Many gamblers faces this problem when they wants to withdraw and objection to do KYC process and accused the casino doing cheat to them. But if they reads about the TOS, they will finds that casino can asks their members to do KYC anytime and their members must obeys it. So before people joins in the casino, they must reads the TOS first and makes sure about KYC process and if they don't wants to do KYC process, they don't have to continue to registers themselves. Most people doesn't read the TOS so when they have been asked by the casino, they feels that's not right for them to do KYC.

When they gets the max wins, the casino will asks them to do KYC and once again, gamblers doesn't wants to do that and will say anything bad about the casino. I think if we trusted the casino, we should do KYC process to makes it easier to us and we can withdraws our money without any problems.

[Wapfika]

If you could do KYC process before making a deposit, would you do it?

No, I always do the KYC when only ask because I’m only playing using small amount of bankroll so I have no concern if ever a casino trap my funds as worst case scenario.

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

This issue intensifies because most of the user that has problem after experiencing max win are those who abuse bonuses. But reputable casino doesn’t have problem paying out max win since they have tons of customers which they can recover the losses.

This is only your nightmare if you are playing on shady casino. Max win is the ultimate goal of gambling.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

No, they stop the laundering. Laundering is when they give back the funds to the money launderer.

[Dr.Bitcoin_Strange]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I earlier said in one comment that it was the best way to go when dealing with casinos. First, pass your KYC before you start gambling so that once you make a huge win, you will peacefully withdraw your funds without facing the stress of your KYC not being verified due to some rejected documents. 

I also gave the example of someone who deposited at an exchange before applying for KYC, and it was difficult before his KYC document was accepted. What I just realized is that it's wise to first of all get your account's KYC verified before engaging in financial dealings on that account. 

For your question, yes, I would rather pass KYC in a casino rather than waits till I have made a deposit and won some money. 

@OP, do you mind sharing the names of casinos that don't permit KYC until their customers have made deposits and won their bets? I know that Stake.com and BC.Games don't have such policies. 

[Moreno233]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Any casino that ask you for KYC upon winning whereas such was not captured in their TOS is definitely suspicious. I have not met most of them, or perhaps I have not really read the TOS of those non KYC casinos to know if there is such conditions imbedded in it. This is the reason I prefer casinos that will ask for KYC before deposit is allowed or spell it out from the beginning that KYC is required for withdrawal. This is how I gauge the integrity of casinos.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

If casinos keeps the money, it is money laundering but who will raise the alarm? The will never pass the money to the source neither will they send it to the authorities rather they will make it difficult for the user to access the funds with unrealistic conditions. This is a bad practice and a taint on their reputation.

[Lida93]

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

For a fact that the casino is known as a casino that requires a customer to be KYCed after registration before making use of the  account to gamble then it is important you pass the KYC before depositing any cent.  A gambler that is sensitive should have to be careful of such act of negligence attitude from casino's as they could be up to something.

Anything that involves KYC, becomes very difficult to get through with when money is involved unlike how seamless with ease it could have been in the first instance when a deposit or a win hasn't been made.

.
When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

It's just to avoid going for a max win with an account that haven't passed kyc verification, because some casinos can be crazily funny with requirements procedures.

 

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

Only the law can interpret this position.

[blckhawk]

People run away from a casino that asked KYC right after registration. What they want is no KYC and only ask KYC if they have the amount too big the casino has to require.

I think the gamblers are okay just playing minimum balance as long as they will not submit KYC. But if they win big and there is a reason to submit, they wouldn't mind sending documents.

The problem with KYC is because no matter how they put it, it's invasive and people don't want to be in it especially if those people value their online privacy knowing how expensive data is in the black market, you don't want to risk becoming a part of that sold data and so people are so off put of KYC, imagine if it's really difficult to get those data stolen and there's really no customer base for it, people will not hesitate getting into KYC.

Regarding max wins, I don't get why would you be scared of it? It's not like you have no way of contesting your claim against the casino that you've made a big win right? They can risk not giving you the money but they will lose more when they do that.

[coinerer]

People run away from a casino that asked KYC right after registration. What they want is no KYC and only ask KYC if they have the amount too big the casino has to require.

I think the gamblers are okay just playing minimum balance as long as they will not submit KYC. But if they win big and there is a reason to submit, they wouldn't mind sending documents.

I think it is better to gamble with the amount limit given for KYC free gambling. In this no one will exceed his gambling budget so his losses will be less. again due to excessive gambling one has to become addicted to gambling but if someone gambles with a low limit then he can stay away from the deep addiction of gambling. on the other hand you will be safe in terms of documents as no kyc is done. So this limitation can save someone from gambling addiction if one tries

[Cantsay]

If you could do KYC process before making a deposit, would you do it?

It depends on how much I usually spend on a daily basis in the site - if it’s an account that I use small amounts for I won’t stress myself with KYC as soon as I open an account there even if I’m allowed to do it. But if it’s an account that I know I’d be making huge deposits then I’d most likely just have to complete it first before I make any deposits - that way I won’t have to worry about getting blocked if if I manage to win a huge amount.

[Kavelj22]

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

First question: I prefer to complete the procedures if I agree to use a central casino, which means I will not have a problem with privacy to avoid any disruption that may occur later.

Second question: Fear of obtaining Max Win means fear of completing Kyc procedures, and this does not seem reasonable if you know from the beginning that this is what will happen.
Getting your profits from Max Win after completing strict procedures is better than getting nothing.

Third question: This does not mean money laundering unless the platform intends to launder money from outside its financial pool.

[livingfree]

If you could do KYC process before making a deposit, would you do it?

Yes, if I know that I'll stay on this casino for long and some unexpected wins could come to me then I'd be doing that by the feel of my guts.

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

No, it's a lot of money and everyone can do the process just to take that money that belongs to you.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

I don't think so because the money didn't moved at all but that's when the users accuses them as scammers.

[Queentoshi]

If you could do KYC process before making a deposit, would you do it?

This should be the better thing to do, but some casinos will never make that option available at the beginning just because they, do not want gamblers who come to gamble on their casino for the first time to be discouraged because of the rigorous sign up and deposit process. I am patient and will be able to be patient to complete KYC even it will take a few days, but it is not everyone who is patient and will like the long process of KYC especially when they do not have the plans to stay gambling in the casino.

[Yogee]

If you could do KYC process before making a deposit, would you do it?

I've seen this asked in another thread before and the general consensus was that nobody would do it voluntarily.

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

Money laundering is concealing the origin so I don't think so.
If the casino was intentionally failing the user's KYC verification the what they're doing is basically stealing.
If the player really doesn't have the required documents then I guess the withholding of money is justified.

[robelneo]

If you could do the KYC process before making a deposit, would you do it?

If you're a serious gambler and spending time and money on that particular casino you have the option to do KYC before you deposit then why not proceed, there's nothing like having peace of mind while playing it eases the burden of overthinking

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

I just can't imagine those who won big amounts on 1xbit and 1xbet because their chances to withdraw are very bad, these casinos want you to play and lose only, doing early KYC is good because you will know right away what are documents needed, I even read that one casino asking for a selfie in a street sign, some casinos are that bad that you will hate them for asking KYC that made you look ridiculous.

[Nwada001]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

I have always been with the support of if you must use a casino that requests KYC, pass the KYC even before you start using it, because you never can predict when you will have that big win, which will require them to ask you for KYC, and by that time it will be difficult to pass the KYC as the demanded document might have been increased compared to what it could have been the first time. 
 
And any casino that has KYC enabled is not even supposed to block users from accessing it until they demand it. I see it as unlawful if any casino engages in such an act, and the casino should be accessed with caution.

[Hispo]

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?

Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?

If it would be possible for me to summit my KYC information I believe I would do it, but I lay under the condition of being aware I would be gambling in that specific casino for months of years to come. It does not make much sense to go full KYC on a gambling website in which one does not intend to spend much time or wager in the long term.

I do not think it is a nightmare for a gambler to get a Max win or hit the jackpot, there are very reputable webs which do not hesitate to pay what is due to their winners.

Finally, I do not think refusing to pay what is due to a winner because they alledgedly fail to go through the KYC process could be considered to be money laundering, in the eyes of the law, that money belongs to the casino and they have the right to deny pay if they do not feel satisfied with their KYC policies. Surely, the casino would not be prosecuted for it, but they will end up hurting their own reputation.