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Author Topic: Is NO-KYC nullifying responsible gambling?  (Read 775 times)
mammusu
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February 21, 2025, 10:24:07 AM
 #101

My only concern as regard non kyc casinos is that most of them are likely or will likely turn to scam, like I believe some users must have mentioned, scammers know that most gamblers hate kyc, and they might be taking advantage of this to launch non kyc casinos just for the sole purpose of scamming people, by this, my advice would be that gamblers be very careful when choosing a non kyc casino to gamble on.

Having KYC guarantees absolutely nothing. And not only in relation to the casino, but in general. It is enough to recall the FTX exchange as an example of fraud, which is "plastered" on all sides by KYC and regulatory documents. Customer identification was not invented for the safety of customers and their protection from fraud. It was invented to monitor customers and collect taxes from them for every breath.
Indeed KYC does not provide us with 100% security in gambling or trading, but in this case, KYC becomes a wall that protects users or platforms from any possibility of illegal activities that harm all parties, I personally see KYC is not a problem that we should avoid, engven though we will provide our identity data but usually third parties will store the data safely, because after all the kyc is based on compliance with regulations applied by the relevant authorities.
Btw I don't see what happened to FTX as an example of fraud, because as far as I know FTX is a platform that experienced bankruptcy and we cannot equate it with fraud, even if you read the current news related to FTX, then you will find if they start making payments for compensation for users who lost assets in FTX.
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March 05, 2025, 08:47:40 AM
 #102

Responsibility in gambling is a different thing from anonymity, but I can see how you all try to connect them. Because our money is now being monitored we try to be more responsible? I dont think that applied to gamblers in the past and nor will it affect them now. Gambling is based on the kick that winning leads to and to get that people will spend like they are addicted to the game.

Responsibilities are thrown aside for now, but eventually the sheer truth comes face to face then the regret phase starts.

KYC or not is part of the person's choice to anonymity. A responsible person IMO will use any casino they wish to with minimal spending.

 
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