Accardo
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June 28, 2025, 11:22:37 AM |
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This would be like a revolutionary step taken by the government to set up the casino regulations. But before adopting or imposing these rules, they should really know what the users like. As I have heard many times, most users want privacy, they do not allow the disclosure of their personal data and want to operate anonymously. This is due to concerns about traps, hacks, and many other reasons. So, in that case, how will they regulate such rules? Besides this rule, I stand with others like the stablecoin, if this coin starts, then casinos and users will be less likely to lose their money.
Privacy is excellent but has a corrutible effect on any project that allows it, the internet is open, and without any form of doc or KYC to restrict money laundering on casinos, it'll only be on the rise and as well hunt the existence of online casinos. Furthermore, the government will not only sanction them for not abiding by her rules they'll accuse online casinos for allowing fraudulent activities.
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Z390
Sr. Member
  
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Dragonslots | +13k Slots & Casino Games
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June 28, 2025, 11:45:31 AM |
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This would be like a revolutionary step taken by the government to set up the casino regulations. But before adopting or imposing these rules, they should really know what the users like. As I have heard many times, most users want privacy, they do not allow the disclosure of their personal data and want to operate anonymously. This is due to concerns about traps, hacks, and many other reasons. So, in that case, how will they regulate such rules? Besides this rule, I stand with others like the stablecoin, if this coin starts, then casinos and users will be less likely to lose their money.
Privacy is excellent but has a corrutible effect on any project that allows it, the internet is open, and without any form of doc or KYC to restrict money laundering on casinos, it'll only be on the rise and as well hunt the existence of online casinos. Furthermore, the government will not only sanction them for not abiding by her rules they'll accuse online casinos for allowing fraudulent activities. Privacy days are over, Internet is now a open where everything is centralised, this was why there are crack down on privacy coins like tornado cash and others, even the once great dark Web isn't secured anymore.
Evil people thought that everything they do on the dark Web is secret, that's why the most dirtiest of crime exists on dark Web the most but now it's no more secret as it calmed.
I still can't figure out why people like privacy so much, maybe I should call it greed or something else, because you people don't care about others but yourselves.
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AbuBhakar
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June 28, 2025, 12:33:17 PM |
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your thoughts on this..
If it's being regulated then KYC is unavoidable. People should accept that those KYC verification are compulsory whether they like it or not. While doing it really has some risks as we expose our identity to unknown people but we can't put the blame on online casinos as they are just doing what's required to legally operate and safe from authorities.
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verdinio
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June 28, 2025, 01:00:21 PM |
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your thoughts on this..
If it's being regulated then KYC is unavoidable. People should accept that those KYC verification are compulsory whether they like it or not. While doing it really has some risks as we expose our identity to unknown people but we can't put the blame on online casinos as they are just doing what's required to legally operate and safe from authorities. I think there will always be unregulated casinos, it is inevitable, people want to be quiet and play their money anonymously and without the need to put on the kyc and put on their papers, asking to put on it for some is impossible for many reasons, so they will always exist
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jaberwock
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June 28, 2025, 05:05:22 PM |
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I believe in the future there will still be casinos that are KYC free but only under certain conditions, so players still have the opportunity to face KYC at the casino. We see this on exchanges, initially waiving KYC on certain withdrawal amounts but eventually requiring all users to do it.
Looking at their pace, the regulators are not going to leave any casino with a no KYC policy for very long, and decentralized platforms won't be around for too long because they provide privacy and anonymity, and these things don't sit well with the governments and authorities, so they are going to hunt them down eventually, and will either force them to enforce KYC or get seized. I don't think any business would want to close down, so they will have to accept the first condition and start enforcing KYC. The good thing is that this proves that crypto casinos are growing and that means crypto is getting known to more people and the bad thing is KYC, so everything has its pros and cons.
To be honest, crypto casinos don't play a very big role promoting cryptocurrencies because usually only those who already know about cryptocurrencies search and use crypto-based casino platforms, and those with no knowledge about crypto will mostly go with traditional platforms.
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Fundamentals Of
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June 29, 2025, 01:51:26 AM |
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If left on their own, they probably won't care about dirty money going in and out of their service. Gambling services do not easily self-regulate. They will just do their business thing. That is the most important concern for them. They do not screen players. They do not screen money. All money entering the gambling floor is good money regardless of where it actually comes from. This is definitely the reason why so many money launderers choose casino to clean their funds.
That’s the reality, it’s becoming inevitable that all casinos will eventually require KYC, even the ones we used to call "anonymous casinos." It seems like nothing escapes the eyes of the government anymore. They’ll always be suspicious, even when there’s no actual money laundering involved. If we really want to gamble anonymously, there are still some platforms out there. But it comes with high risk. If they scam you, who can you turn to? There’s no protection, no accountability. Probably not all. There will always be a few exceptions. Most casinos are centralized. So they need registration with the appropriate government agencies and regulators. They don't have a choice but to follow the regulations. But the thing with gambling is that it is now closely intertwined with technology. So it is changing along with rising innovations like decentralization. That is partly what the web 3 integration in gambling is about.
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dwyane36
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June 29, 2025, 04:13:15 AM |
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Probably not all. There will always be a few exceptions. Most casinos are centralized. So they need registration with the appropriate government agencies and regulators. They don't have a choice but to follow the regulations. But the thing with gambling is that it is now closely intertwined with technology. So it is changing along with rising innovations like decentralization. That is partly what the web 3 integration in gambling is about.
A fully decentralized casino would probably be the most preferable option for a gambler, i.e., without any verification and restrictions on jurisdictions. It's true that some gambling platforms have a combination of centralized and Web3 functions, but unfortunately, the centralized components are still prevalent at the moment.
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giammangiato
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June 29, 2025, 04:33:00 AM |
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They will surely introduce it gradually, I noticed that for several months I can no longer access a betting site that I used regularly to withdraw a few satoshi daily. In Italy we have AAMS which has a monopoly on betting, it has blocked the site and you cannot access it. It is not a bad idea to reduce or contain scammers, but at the expense of our anonymity?
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Accardo
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June 29, 2025, 04:52:33 AM |
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I still can't figure out why people like privacy so much, maybe I should call it greed or something else, because you people don't care about others but yourselves.
Nobody wants outdoor bathing, we're all hidden in the bathroom with doors bolted for privacy sake. While the private body parts doesn't matter on the internet, privacy is in the human DNA. People wants to hide their transactions - casinos and exchanges happened to be the best place to shuffle money to complicate traces. Those who do it for wrong purposes now affected the good people, which is same with all other problems in the world.
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GigaBit
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June 29, 2025, 06:44:58 AM |
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Governments of various countries do not look favorably on the anonymity of ordinary people. Even if they have not done anything wrong, governments still want to investigate such matters by making complaints. If governments really try to know the personal information of ordinary people, then the use of crypto casinos may decrease for people. Governments should pay attention to whether they are getting taxes from gambling platforms perfectly or anything wrong for specific suspicion user. But if they are harassed for personal information from average users , then this is a big problem for the crypto casino industry.
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Fundamentals Of
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June 30, 2025, 02:43:11 AM |
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Probably not all. There will always be a few exceptions. Most casinos are centralized. So they need registration with the appropriate government agencies and regulators. They don't have a choice but to follow the regulations. But the thing with gambling is that it is now closely intertwined with technology. So it is changing along with rising innovations like decentralization. That is partly what the web 3 integration in gambling is about.
A fully decentralized casino would probably be the most preferable option for a gambler, i.e., without any verification and restrictions on jurisdictions. It's true that some gambling platforms have a combination of centralized and Web3 functions, but unfortunately, the centralized components are still prevalent at the moment. Apparently. Although there are casinos who have already adopted Web3 functionalities to their services, the overall features remain highly centralized. In the first place, these are casinos operated by private companies. Decisions are not made by the community but by the very individuals who own and run the casinos. Despite certain integrations, majority of what happens in the casino are still taking place on centralized servers.
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Fivestar4everMVP
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Leading Crypto Sports Betting & Casino Platform
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June 30, 2025, 02:53:50 AM |
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Do you believe in that? Based on the article I read, because of the growing popularity of crypto casinos, regulations will likely become stricter, and these are the kinds of changes we might start seeing soon, if they haven’t been implemented already. Crypto gambling regulation is accelerating as global jurisdictions respond to the rise of anonymous betting and offshore sportsbooks.
Offshore sportsbooks are adapting with "light KYC" measures, dual licensing (e.g., Curacao and Malta), and stablecoin-only transactions to stay compliant.
KYC enforcement is likely to increase, affecting user privacy and requiring more personal identification for deposits and withdrawals.
Stablecoins like USDT and USDC are favored over volatile cryptocurrencies like BTC, signaling potential licensing restrictions on crypto types.
DAO casinos and decentralized gambling platforms are facing scrutiny due to lack of centralized control and absence of KYC policies.
Governments may demand wallet tracking and tax reporting, forcing players to report crypto gambling winnings more transparently.
The U.S. crypto gambling market remains a gray area, but many Americans still use offshore sites due to limited domestic options.
Future regulation may enhance legitimacy and safety for players on vetted offshore platforms, though anonymous gambling will likely decline.
your thoughts on this.. Well, I won't argue, all of the points mentioned in that post or article that you shared are very relevant and likely to happen, I've always said this before based on my own personal research that there will come a time when it will be extremely hard to come by a casino that is kyc free, things are changing, technology is changing alot of things too fast and government must be proactive in making sure they take control of every new development as a way for them to continue to stay relevant and be respected as the government... So, kyc isnt something we can run away from forever, and like I would always ask, we kyc every day and physically when we visit places like the bank, if we can hand our personal information to such institution simply because they help us keep our money, why then is online kyc difficult for most people especially gamblers?.
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crwth
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June 30, 2025, 04:02:15 AM |
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That's the future, and I believe that's always going to be this way to prevent evil criminals from doing their dirty work in a casino. I think the business owners of casinos prefer not to get involved in these types of issues and want to be regulated, becoming stricter to ensure they have good customers and not bad ones.
It's a never-ending argument, but that's just the way it is.
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ajanwalker
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June 30, 2025, 05:45:15 AM |
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I think each country has different laws on this subject. It is also a fact that the best way to bring money from an unknown source into the market is gambling and casinos. Since KYC will be the best method for countries to know who is gambling, many casinos will have to request KYC in the not too distant future. Many cryptocurrency exchanges now require KYC. It was not like this 6-7 years ago, but now almost even newly opened exchanges require KYC. Soon, all gambling sites will also require it.
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retreat
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June 30, 2025, 06:02:56 AM |
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Do you believe in that?
I just don't really believe it, because the gambling industry is so big, and there are many gambling platforms, both legal and illegal. In the case of legal gambling platforms, they might enforce KYC requirements for their users, but for illegal platforms or platforms that don't have any regulations, they might still operate without KYC requirements for their users. So in the end, even if these KYC regulations are tightened, there will still be gambling platforms that don't require KYC for their users.
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iv4n
Legendary
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June 30, 2025, 06:15:15 AM |
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Do you believe in that?
We have some interesting examples here on the forum as well. When a casino gets big enough looks like they need to implement mandatory KYC. It seems they can't operate at a high level without following some rules & regulations. There are many interesting things waiting for us, the crypto world is a very exciting place. I believe that in the future many crypto services (including casinos) will have mandatory KYC. But I also believe that there will be crypto services that will remain true to the original crypto ideology and will not have mandatory KYC.
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Mpamaegbu
Legendary
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Once a man, twice a child!
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June 30, 2025, 06:25:05 AM |
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Yes, I do believe that with time there won't be KYC–free casinos anymore. Looking at how most Cexs started without KYC but were later forced to carry that out on their customers by government regulations and policies that arm twisted them. Binance used to be a KYC–free exchange when it started in 2017 until it forced early birds like us to grudgingly submit our data for KYC much later. I see casinos also doing that when government regulation demands it.
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MArsland
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June 30, 2025, 06:32:43 AM |
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I still can't figure out why people like privacy so much, maybe I should call it greed or something else, because you people don't care about others but yourselves.
That's not the conclusion, just because people like privacy doesn't mean they don't care. Isn't it better to take care of yourself first and then you can warn others about the dangers of exposing too much personal data. If when you have been warned, you ignore it, that means it is not an obligation to continue to care. Moreover, now we are talking about casino regulations that the government continues to pressure to follow. Like it or not, want to operate safely or still be considered illegal, in the end the casino is just a bridge to satisfy gamblers. Now it's up to the gambler whether he wants to keep playing or go and find a non-KYC casino. Is this a dilemma? of course
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TopTort777
Legendary
Online
Activity: 2744
Merit: 1546
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June 30, 2025, 06:42:54 AM |
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If in exchange for passing KYC casinos would provide fair service and be more client oriented, then I see no reason why there shouldnt be KYC free casinos. If I have guarantee, that I would not get banned for a shady or made up reason, there were would be no more "pass 100 more verifications to withdraw", or "there was a tiny clause in ToS, so you cant participate more in our games, tournaments or promotions", I would be ready to pass it for one and only casino I would gamble.
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Botnake
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June 30, 2025, 06:47:00 AM |
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If in exchange for passing KYC casinos would provide fair service and be more client oriented, then I see no reason why there shouldnt be KYC free casinos. If I have guarantee, that I would not get banned for a shady or made up reason, there were would be no more "pass 100 more verifications to withdraw", or "there was a tiny clause in ToS, so you cant participate more in our games, tournaments or promotions", I would be ready to pass it for one and only casino I would gamble.
IMO, that’s not the right comparison. The reason we urge people not to play in KYC casinos is because we’re in the crypto world and that should mean gambling with freedom and full anonymity. If every platform requires KYC, then we’re really no different from fiat casinos. And let’s be honest, it's actually easier to gamble with fiat than crypto in most cases, so if that’s the case, fiat casinos have the edge.
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