The Shift from Anonymous to Regulated Casinos

[348Judah]

So most gamblers are now shifting their attention to centralized and feature casinos and that is the main reason why we have a shift in traffic between the two types of gambling sites we have.

Gamblers as you have said, want to have fun, privacy and gamble with a satisfied gambling services from a casino, this may have to be either online or a physical type, depending on their choice, anonymous gambling platform or a regulated one does not make any difference to the fun we stand to have, only that we may be selective in some extent if we are considering for the regulated ones or anonymous gambling platform.

[SATWAT]

The fact that privacy is everyone's right, it is very important to know that we can not achieve such freedom of privacy in some ways if the casino wants to operate on a fully decentralized and privacy-oriented level, They face some other problems such as low liquidity and lack of some available features on centralized casinos that are not available on the decentralized ones.

So most gamblers are now shifting their attention to centralized and feature casinos and that is the main reason why we have a shift in traffic between the two types of gambling sites we have.

Now as crypto is spreading things are taking good changes while regulations are also tightened by many regional authorities which are preventing gamblers from going on anonymous casinos recently many scams are also creating fear because losing money on gambling and losing money on fraud is always had impact.

Regulated are offering better features and games which are bringing good liquidity for gamblers in near future situation is going to have positive changes because soft policies are coming for encouraging regulated sites and casinos which will surely give good source of income to many countries through taxation.

[sunsilk]

When I first started gambling around 2015, anonymous casinos and sportsbooks were the norm. Some of you might remember DirectBet - it was huge back then before eventually shutting down.

Now, the landscape has clearly shifted toward regulated platforms. Yet some anonymous options still exist. So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

IMHO, the majority is going to choose the regulated ones. There's that feeling where the crowd goes, then that very individual, like us, also goes where they go.

I remember that old casino and the others that have been in the industry for quite a while but they didn't last.

Just like the CEXes before, they are not regulated at all not until the pressure from the regulators have come and they have to implement KYC even if they've started for long and never required it.

[Reatim]

When I first started gambling around 2015, anonymous casinos and sportsbooks were the norm. Some of you might remember DirectBet - it was huge back then before eventually shutting down.

Now, the landscape has clearly shifted toward regulated platforms. Yet some anonymous options still exist. So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

maybe the reason why anonymous casinos are more “popular” back then because the concept of online casino wasn’t as common as it is now back then so people did not have exactly the rules and regulations to follow and there was no acknowledgment from the government but now there is so there’s more casinos being regulated and gamblers feel more confident about regulated casinos most of the time

[Julien_Olynpic]

The vast majority of today's casinos are regulated. And this is a fact that cannot be avoided. Regulated casinos mean non-anonymous casinos or casinos with partial anonymity. In general, everything that is connected, for example, with fiat currencies is non-anonymous and regulated by definition. Regulated casinos have many advantages. This includes the fight against fraud and a higher level of trust. But still, the basic request for anonymity remains unsatisfied among users. Users are not given a choice, but are directly forced to use mostly non-anonymous and regulated casinos. At the same time, regulation is often formal.

[ralle14]

Even though I enjoyed those anonymous casinos back then, i'd also pick the regulated casinos we have now because, as what Julien_Olynpic mentioned, some of these regulated casinos offer a middle ground where we don't have to send all of our information to these regulated casinos.

It's a nice compromise over the other regulated casinos that are more strict with their KYC, and i've already learned my lesson a long time ago after having a bad experience through hopping into so many casinos.

[btc_angela]

The vast majority of today's casinos are regulated. And this is a fact that cannot be avoided. Regulated casinos mean non-anonymous casinos or casinos with partial anonymity. In general, everything that is connected, for example, with fiat currencies is non-anonymous and regulated by definition. Regulated casinos have many advantages. This includes the fight against fraud and a higher level of trust. But still, the basic request for anonymity remains unsatisfied among users. Users are not given a choice, but are directly forced to use mostly non-anonymous and regulated casinos. At the same time, regulation is often formal.

It's all for formality right now, everything is being regulated. But as you have said, there are some positive things about casinos being regulated is that they will not not scam it's customers. And even if we send KYC to them, they will really have to know how to handle and keep our information and privacy.

So I can also say that we can't do anything about it, the landscape has change and we really have to adapt to it. Lately though I haven't heard any casinos doing a rug pull as compare to lets say crypto base exchanges. Although there are casinos that has been hacked, they still were able to survived and continue with their business.

[joeperry]

When I first started gambling around 2015, anonymous casinos and sportsbooks were the norm. Some of you might remember DirectBet - it was huge back then before eventually shutting down.

Now, the landscape has clearly shifted toward regulated platforms. Yet some anonymous options still exist. So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

Honestly, back then when Bitcoin were not that regulated and mostly used in illegal transactions and everyone wants to be anonymous, I prefer the anonymous casino. But the time goes by, there's a lot of anonymous gambling site that aims to scam people and take away their deposit, rather than do good business.

Now, most of the people are looking into regulated platforms as they know that if problem arise it, they can solve it legally. Aside from that, you'll know that it would be fair and are reliable for payouts. Though most of us hate were the KYC, which eliminates completely our willingness to play anonymously.

[dunfida]

When I first started gambling around 2015, anonymous casinos and sportsbooks were the norm. Some of you might remember DirectBet - it was huge back then before eventually shutting down.

Now, the landscape has clearly shifted toward regulated platforms. Yet some anonymous options still exist. So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

IMHO, the majority is going to choose the regulated ones. There's that feeling where the crowd goes, then that very individual, like us, also goes where they go.

I remember that old casino and the others that have been in the industry for quite a while but they didn't last.

Just like the CEXes before, they are not regulated at all not until the pressure from the regulators have come and they have to implement KYC even if they've started for long and never required it.

And we will be that joining up on the bandwagon on the moment that we've seen that majority is already trusting up centralized or regulated platforms then we will be that going into this way.
Even if we do go against these business wont be stopping on trying out to comply on whats being asked or whats being mandated and since these are legit businesses then they will normally be trying out to comply for them to operate. Yes, we've seen those years that anonymous casinos are the main thing and thats why they do become that popular way back into those years and this is one of the reasons on why crypto gambling had become that popular but as years passing by then these anonymous casinos have become that regulated on which there's that transition on which we do end up on having no choice but as gamblers we do need up to comply for us to be able to withdraw our funds.

So far there are still some platforms who doesnt still require some verification when you do withdraw on which is good, but i wont be shocked nor surprised if one day they will be that having those sudden change into their terms and conditions. As a gambler then you will definitely be that trying out to bare up with those changes specially if you've been that long time playing on the said site and with those changes then we dont have any choice but to comply on whats needed for us to be able to have such good user experience or having no issues like lock up of withdrawals just because you havent done any KYC yet. Most of platforms now had already that kind of terms of conditions because there's already that gradual shift when it comes into this aspect.

[madnessteat]

With the arrival of regulators in the cryptocurrency sphere, the rules of doing business have changed for cryptocurrency casinos as well. Personally, I don't see anything strange in this. There was a time when a certain part of people did not want to receive passports because they wanted to remain anonymous in front of the government. Now it is perceived with a smile. Everything leads to the fact that ordinary people lose their anonymity due to the fight against fraudsters and criminals. For better or worse, everyone decides for themselves, but it seems to me that most people still accept these innovations and gamble without fear of passing KYC.

[Maslate]

With the arrival of regulators in the cryptocurrency sphere, ....

They’ve been here all along, quietly observing. But as the crypto casino industry has grown, they’ve taken notice, and now they want their piece of the pie.

Regulation always comes with a price. Governments want to tax casinos and even players to generate revenue. That’s just how the system works, and it’s never going to change, no matter how much we value decentralization.

[madnessteat]

^

Previously, the authorities of many countries simply did not understand how to regulate the cryptocurrency sector. The introduction of KYC in cryptocurrency casinos has nothing to do with the fact that states want to have a piece of the pie. It is connected with counteracting the financing of terrorist activities and the legalization of funds obtained by criminal means. Any organization working with money is obliged to implement KYC and AML checks, otherwise they will simply have problems with regulators.

[Ziskinberg]

Previously, the authorities of many countries simply did not understand how to regulate the cryptocurrency sector. The introduction of KYC in cryptocurrency casinos has nothing to do with the fact that states want to have a piece of the pie. It is connected with counteracting the financing of terrorist activities and the legalization of funds obtained by criminal means. Any organization working with money is obliged to implement KYC and AML checks, otherwise they will simply have problems with regulators.

That's absolutely true. However, when you consider the bigger picture, once a casino becomes regulated, it must comply with all legal requirements which unfortunately including proper taxation and remitting taxes to the authorities. There are many ways to regulate casinos, but for a licensed operator to maintain its status, consistent compliance is non-negotiable.

[Smartprofit]

In my opinion, anonymous casinos, where customers do not have to go through the KYC procedure, are the best solution for gambling.

After all, privacy is one of the basic natural human rights. A player may not want to advertise the fact that he likes to gamble. He may also not want to advertise the fact that he is interested in cryptocurrencies.

In my opinion, the virtual space is a special territory that is difficult to correlate with a specific state. Therefore, I am a supporter of cryptocurrencies circulating freely, privately and anonymously between various services within this virtual space. Strictly speaking, at the dawn of the Internet, this was exactly how it was.

Currently, the situation has changed and online casinos are becoming more and more regulated. In my opinion, this is not a very good trend.

From the player's point of view, the regulation of online casinos does not bring him any special advantages.

[kotajikikox]

So most gamblers are now shifting their attention to centralized and feature casinos and that is the main reason why we have a shift in traffic between the two types of gambling sites we have.

Gamblers as you have said, want to have fun, privacy and gamble with a satisfied gambling services from a casino, this may have to be either online or a physical type, depending on their choice, anonymous gambling platform or a regulated one does not make any difference to the fun we stand to have, only that we may be selective in some extent if we are considering for the regulated ones or anonymous gambling platform.

Yes we can have fun in either regulated or non regulated casino but the difference lies in convenience and security. KYC is a huge factor now in choosing a platform to use since more and more people are being conscious of protecting their privacy. I would also assume that non regulated casinos would have lesser payment methods available which can be quite an inconvenience unless they use cryptocurrencies. In that case, that may be an even bigger pull for some clients. So those kinds of things are taken into consideration.

[alani123]

What do you count as regulation?

The thing is, while there used to be many more completely anonymous and unregulated casinos, a thing that's dwindling lately, the current regulations to online casinos aren't very meaningful either. For instance, licenses that most web casinos are licensed under, Curacao and Comoros, are license that are just a pay to be licensed scheme that doesn't mean much on its own. Curacao licenses cost around 40k USD per year, while Comoros licenses cost around 24k. So long as you pay there isn't much they'll do to protect players, if anything. It's just a piece of paper. Better than nothing for the player, but here in this community we've yet to find any documented occasions where Curacao or Anjuan authorities actually helped a player that was wronged.

If you want to trust a casino there's actually much better ways to document their path to building up their platform. You can review the trust section of this forum, see if they''re running a signature campaign and generally how much they're listening to the community. If they have clear terms and resolve cases fast then it's a good platform to bet on. If there are no credible complaints or if they're solved fast, it's also a good sign. If a web casino has no presence here it's hard to trust them.

But another method casinos have been utilizing to gain trust is paying for the expensive national licenses also. For instance many of the casinos that started as crypto only now have some very legitimate licenses and can legally operate in several big countries. Certainly a huge step. So if you go via the route of trusting a platform through the authority that regulates it, the national licenses of big countries is something to look for. 

[Dr.Bitcoin_Strange]

Regulation always comes with a price. Governments want to tax casinos and even players to generate revenue. That’s just how the system works, and it’s never going to change, no matter how much we value decentralization.

You are right mate, this is the reason why the government would and always will want a casino to be regulated. They want the casino to always pay tax and they also want to see that the casino is not standing as a told that supports money laundering. But even with all of the regulations, many regulated casinos still have millions of customers that are gambling on their casino without minding if the casino is regulated or not. Also, some of the regulated casino are already reputable.

[Porfirii]

-snip-
So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

.

In my case, for everyday, little bets I rely on anonymous casinos because I feel that my personal data are safer that way and, in the case any event happen like not being able to withdraw for whatever reasons the loss would be small.

On the other hand, for lotteries where I spend a few bucks but the prize could be life-changing I rely on state lottery, because the tickets are anonymous too, and it is hard to have any trouble to be paid in case I become millionaire some day

[TheUltraElite]

In my case, for everyday, little bets I rely on anonymous casinos because I feel that my personal data are safer that way and, in the case any event happen like not being able to withdraw for whatever reasons the loss would be small.

On the other hand, for lotteries where I spend a few bucks but the prize could be life-changing I rely on state lottery, because the tickets are anonymous too, and it is hard to have any trouble to be paid in case I become millionaire some day

State lottery winners have to undergo KYC procedures too when they end up winning. The taxation will happen as well taking down a good chunk of the winning and you will be handed over the rest of the prize.

So you are not safe in that too, your data will get recorded from that one as well.

Even then if you are not engaging in any illegal activities you are safe, or else you will living in fear all the time paranoid about everything, that is no way to live.

[davis196]

When I first started gambling around 2015, anonymous casinos and sportsbooks were the norm. Some of you might remember DirectBet - it was huge back then before eventually shutting down.

Now, the landscape has clearly shifted toward regulated platforms. Yet some anonymous options still exist. So I'm curious, where does the community stand today? Would you still choose anonymous casinos, or do you prefer sticking with regulated ones?

For me, the only difference between anonymous and regulated casinos is KYC. You could still get scammed by regulated casinos, maybe the fact that the casino has a license gives the gamblers a false sense of hope that they might get their coins back(if they take legal actions), but I'm pretty skeptical about this. I would choose an anonymous casino, that has good and verified reviews online. I don't mind using regulated casinos, but KYC sucks and I try to avoid doing KYC verification as much as possible.
2015 was a different era for crypto. I don't remember this correctly, but there were many unregulated crypto exchanges back then.