I’ve noticed some scam accusation posts against certain casinos, and there seems to be a trend here.
Some casinos advertise themselves as KYC-free, but the moment you win big, that’s when they suddenly put all the requirements on you. And it’s not just basic KYC, they ask for heavy documents like passports, and some even request bank account details.
So I’m wondering, is this really a legal safeguard, or are they just using it as their own policy to forfeit players’ winnings?
This is actually a serious concern. Most of us might not have reached that level yet, but what if one day we do hit it big and end up facing the same situation?
The reality is that crypto casinos try to run a fine balance between not blocking new players immediately with KYC, because they really want newcomers to have the most seamless experience possible, and meeting the requirements of the local regulators. Many will often take a view that they'll allow small amounts of play, under say $500, without requiring someone to identify themselves because it is pocket change level that is unlikely to be flagged by most regulators. The regulators are very much interested in people playing with large amounts that might come from unidentified sources and in some cases be part of money laundering schemes. This is the reason that it can often seem like you are targeted after a big win, but the reality is you just reached a certain threshold that started to require further detail. That threshold might be variable based on a bunch of different factors like country, IP address location, specified age, etc.
