The important of KYC in casino’s.

[Gozie51]

2. Prevent underage gambling.
I’m very sure a lot of us will not support are little children to be engage in gambling because they are still very small to handle it and so without a casino requesting for KYC during registration it won’t be possible to discover this children.

KYC will not really be a means to stop under age gambling because some parents may still allow their children access to their phone and they will use their account to gamble. This is very possible because some parents are carefree and will not really care if their under aged children will gamble with their phone. So it can only reduce the number of underaged gambling but at the same time, underaged can gamble with the account set up by their parent.

[mirakal]

kyc means leaving your identity information entirely at the mercy of the other party. one day, just because they feel like it, all your identity information could end up circulating on the internet. i'm not even mentioning the possibility of hacking incidents or our information being sold. kyc is not something to be praised. if you agree to do kyc, you must also accept this.

That’s really the risk when it comes to complying with KYC on some casinos, especially when they’re not properly audited or don’t have strict systems in place. If they had internal controls similar to banks, I don’t think people would hesitate to submit KYC. We already know it’s sometimes the only way to gamble.

The problem is that a lot of casinos just come and go. How can we be sure our personal information is actually safe. There have already been rumors about data and document leaks from gambling sites, and that could easily put people in trouble one day without even realizing it.

Honestly, the government also deserves some blame here. They impose blanket requirements without really evaluating whether these casinos are capable of securely handling such sensitive information in the first place.

[Questat]

KYC will not really be a means to stop under age gambling because some parents may still allow their children access to their phone and they will use their account to gamble.

Do you actually know any parent like that? From what I see, some parents let their kids borrow their phone to play games, but not to gamble. And even if a kid wanted to gamble, do you really think they’d pass KYC? Do you even understand how KYC works? You need to submit documents, and some casinos even ask for proof of income. Do you think kids have any of that?

If you mean parents who are gamblers and let their kids play using their own accounts, then that’s a different issue.
But in that case, the problem is clearly the parent, not the KYC system.

[Cantsay]

3. Stops identity theft:
With the help of KYC stolen identity are not used and people that are using the kYC are the real people and again accounts are not hacked or duplicated and with this the person using the casinos and the casinos it self are protected.

4. Protects players wins:
It help protect players wins, no one can claim your wins and even when someone login into your account they fine it very difficult to withdraw because it usually requires KYC.

This two are totally wrong, how does submitting your personal documents protect you from identity theft? Isn’t that the opposite? Won’t submission of documents for kyc verification expose you or make one prone to identity theft? I don’t know where you got this from but it’s now looking like some kind of ai generated ideas.

As for the protection against win, where did you get the idea from again? For those gambling sites without kyc how many times have you seen people come out to complain about their funds being stolen? It’s usually those with kyc that we get complaints about it for not releasing fund because of kyc issues.

[hyudien]

..

KYC is only important to casinos, for obvious reasons, they don't want their business frozen by the government. But for gamblers, it doesn't provide much benefit. To avoid underage gamblers is also not a completely acceptable reason, because there are still many underage gamblers who can gamble. And precisely for number 3 that you said OP, KYC is more likely to allow our identity to be stolen, because our data is already in a third party. But in the end, players are forced to agree to KYC if they still want to gamble.

[Alphakilo]

KYC will not really be a means to stop under age gambling because some parents may still allow their children access to their phone and they will use their account to gamble.

Do you actually know any parent like that? From what I see, some parents let their kids borrow their phone to play games, but not to gamble. And even if a kid wanted to gamble, do you really think they’d pass KYC? Do you even understand how KYC works? You need to submit documents, and some casinos even ask for proof of income. Do you think kids have any of that?

If you mean parents who are gamblers and let their kids play using their own accounts, then that’s a different issue.
But in that case, the problem is clearly the parent, not the KYC system.

I doubt that KYC requirements always pops up upon a gambler login into his or her account every time, because it is done once upon registration and for some advanced gambling platforms, they may require KYC in stages as you keep being a consistent member and active user of their platform.
When parents password or use 2fa to secure their accounts their children may have no access to the platforms even if they have the main password to the phone and that's why it is important to always have passwords and 2fa on almost any apps we have as parents to prevent breach of privacy or misuse of our devices by someone or our children in particular.

[stadus]

..

KYC is only important to casinos, for obvious reasons, they don't want their business frozen by the government.

They really can’t operate without complying with KYC implementation for their customers, because that requirement is already there when they apply for a license. So it’s basically a choice for them, either comply or risk getting their license revoked, hence that’s a path they definitely don’t want to take.

But for gamblers, it doesn't provide much benefit. To avoid underage gamblers is also not a completely acceptable reason, because there are still many underage gamblers who can gamble. And precisely for number 3 that you said OP, KYC is more likely to allow our identity to be stolen, because our data is already in a third party. But in the end, players are forced to agree to KYC if they still want to gamble.

In the first place, the reason we use crypto casinos is to avoid all that. A lot of us were already here before KYC became such a big issue, so I understand why many feel the same way I do and don’t like it.

KYC kind of defeats the whole purpose of using crypto casinos in the first place, so that frustration is totally valid, especially for those who chose crypto specifically for privacy and convenience.

[lombok]

..

KYC is only important to casinos, for obvious reasons, they don't want their business frozen by the government. But for gamblers, it doesn't provide much benefit. To avoid underage gamblers is also not a completely acceptable reason, because there are still many underage gamblers who can gamble. And precisely for number 3 that you said OP, KYC is more likely to allow our identity to be stolen, because our data is already in a third party. But in the end, players are forced to agree to KYC if they still want to gamble.

I understand that compulsory data verification is more a device to cushion the companies against judicial penalties by local governments. The fact that the system allows underage users to access the system is a clear indication that this regulation is not always as rigorous. I find your idea about the risk posed to personal data through the intervention of third parties very valid and productive. The fact that players are under it as persuaded shows the presence of the policy monopoly that under systematically and widespread violates the interest of the users and their privacy.

[danherbias07]

That's all true, but it is not perfect. Still, KYC is a good thing when we are talking about it legally.

1. Yes, it prevents money laundering schemes, which is beneficial for the casino itself since they won't be targeted by any government, and they will avoid being shut down.

2. As I said, it's not perfect yet. There are still reports of underage players who can play online casinos with KYC because they are faking their ID's or borrowing one, and somehow they still got in. I don't know how they did it with facial recognition.

3. There's been a lot of news about e-mail and identities being sold on the black market, but I do hope that is not true. Yes, it somehow prevents identity theft, but what if it's the KYC-approved player who sold his account? Another hole.

4. Not all end with a good ending. There are instances where the online casinos will freeze the account, and the real user cannot get back the money in their account anymore because someone tried to brute force the account. It's a security measure, yet it can also be a problem for the real user.

KYC is not perfect, but it's a good start to protect both ends.

[Hazink]

3. Stops identity theft:
With the help of KYC stolen identity are not used and people that are using the kYC are the real people and again accounts are not hacked or duplicated and with this the person using the casinos and the casinos it self are protected.

As much as I disagree with most of the points you have made with a supportive argument, this point 3 doesn't add up. In fact, because of KYC in casinos, many steal the identity of others just to be able to pass KYC and those sets of people who do this are banned gamblers, underage gamblers and those who are trying to abuse bonuses. They always have their way around. Either they buy ID information from the darknet or they somehow gather it from wherever they can. Casino don't stop identity theft in any way.

[Findingnemo]

..

KYC is only important to casinos, for obvious reasons, they don't want their business frozen by the government. But for gamblers, it doesn't provide much benefit. To avoid underage gamblers is also not a completely acceptable reason, because there are still many underage gamblers who can gamble. And precisely for number 3 that you said OP, KYC is more likely to allow our identity to be stolen, because our data is already in a third party. But in the end, players are forced to agree to KYC if they still want to gamble.

I understand that compulsory data verification is more a device to cushion the companies against judicial penalties by local governments. The fact that the system allows underage users to access the system is a clear indication that this regulation is not always as rigorous. I find your idea about the risk posed to personal data through the intervention of third parties very valid and productive. The fact that players are under it as persuaded shows the presence of the policy monopoly that under systematically and widespread violates the interest of the users and their privacy.

Even the casino has no say in that, if the government make them it as mandatory then the casino has no other option to comply it or they should stop their operation so it's not the casino to be blamed here for anything because they just follows what they are asked to do and the verifcation is only possible with third [arty because a casino won't have access to the national ID records.

[Hatchy]

Some people really don’t like casinos that ask for KYC, some of my friends when they see a new casino they usually love to try them out however when they discover they request for KYC during registration they will not use the casino. The truth is KYC is very important casinos as it helps stop a lot of illegal activity.

Like some have said, kyc isn't actually mandatory in most casinos but at some point or certain criteria you may have to submit some documents to verify before you place withdrawals.. yes it may help in cases of money laundry or cheating from players, but we know that most times it's because they wish to avoid government issues or shutdown and try to follow certain laws in the jurisdiction they operate. For identity theft, this is still being done. Most people buys kyc document to register on site for dubious reasons. Some are under ages gambling addicts that will stop at nothing to see that their gambling needs are being met..

[passwordnow]

Those are the reasons why kyc is being applied to the customers enforced by the casinos and required by the governments. Gone are the days when no one should do kyc and everyone was just freely gambling without the worry to be asked for kyc when they were about to withdraw large amount of money. Because before, everything is lawless and there's no need to alarm the government for this. We are for freedom but the government has to step to regulate it because the bad guys are taking advantage of that freedom before.

[AVE5]

Some people really don’t like casinos that ask for KYC, some of my friends when they see a new casino they usually love to try them out however when they discover they request for KYC during registration they will not use the casino. The truth is KYC is very important casinos as it helps stop a lot of illegal activity.

If that's what you say, it's up to you because I'm sure that licence doesn't guarantee casinos reputable where user's can't indulge on illegal activities as that.
The importance to Kyc is nothing not too tied to prove legitimacy but only for the authorities to have data's of players in the platform. Although the exposure risk of identities could make some scammers scamper or limits to the practice of money laundering because they're vulnerable to be tracked on every transactions done in the casino.

[boyptc]

Some people really don’t like casinos that ask for KYC, some of my friends when they see a new casino they usually love to try them out however when they discover they request for KYC during registration they will not use the casino.

Everyone has the same reasons why we dislike the KYC from the casinos and that's because they're not asking it upon registration.

But, they're asking it when you're about to take your money and they say that they are kyc free. I think such claims are done by so many casinos.

And in the end, they're all asking it when the gambler has won so much money and they have detected it that he's withdrawing a lot.

[Pi-network314159]

You wouldn't blame your friends who don't like casino with KYC. It could not be for money laundering as your primary aim or point of view, but may be because of privacy. You know this issiof privacy has been one of the challenges why people want to be anonymous. Just like most people don't like to use centralized exchange rather decentralized system to keep their privacy. Likewise it is Also in the casino. Some people are afraid of their information not to be compromised. You know documents can be compromised through KYC unknowingly to you. Now what can you say about anonymous crypto casino that want to remain anonymous, yet they ask of KYC documents, what do will call them? So what happens to some Gambler is what is applied to the casino. It is vise versa and don't specifically mean that anyone that talk about privacy is for fraud.

[HelliumZ]

Yes, it is acceptable that if KYC is made mandatory in a casino, then those who are below 18 years of age will not be able to open a gambling account, thus the tendency of minors to participate in gambling will decrease. Most of the parents today complain that their children are addicted to online gambling. Therefore, if a casino makes this KYC mandatory, then the participation of those minor youths in gambling will decrease to a large extent. Moreover, if KYC is done with legal information, then some other criminal activities such as money laundering, fraud, etc. will definitely decrease.

[Powerjumboo]

I am never against KYC because if there is a KYC system, there is very little chance of fraud. Many people may find submitting KYC documents a hassle but if I am asked for KYC in any case, I do not think I know anything and I submit it in a moment. Moreover, if there is a KYC system on a gambling platform, then young children cannot participate in that case, in my opinion, it should be strict in this regard because every casino platform should take strict decisions so that young children cannot participate in gambling. For this, if KYC can be made more strict, then it should be made stricter.

[famososMuertos]

:://:::

Let’s drop the “poetic” hypocrisy.  
KYC does more harm to its supposed purpose than you're implying. The crypto world gave you access to a casino without forcing you to compromise your privacy, security, or anonymity. KYC doesn’t protect those values—it exposes them.
First of all, casinos aren’t exactly known for safeguarding personal information, at least not all of them.

The reality is that a small percentage of malicious users make the “innocent” ones pay the price. Traditional banks are the biggest money launderers, and what does KYC achieve in those institutions? Nothing. Just recently, a politician’s multi-million dollar account was seized in Switzerland.

So no, those who go through KYC aren’t the ones being caught. On the KYC red carpet (as you, OP, seem to admire), they’re just the suckers.

[acroman08]

2. Prevent underage gambling.
I’m very sure a lot of us will not support are little children to be engage in gambling because they are still very small to handle it and so without a casino requesting for KYC during registration it won’t be possible to discover this children.

This only works if the casino asks for KYC upon registration. I've seen a number of cases over the years posted on the scam accusation board where the gambler was not allowed to gamble in the casino, only after failing to pass the KYC due to being underage.

4. Protects players wins:
It help protect players wins, no one can claim your wins and even when someone login into your account they fine it very difficult to withdraw because it usually requires KYC.

Withdrawing funds does not require you to do KYC verification every time, and once you have done KYC verification, the casino usually won't ask you to do it until your account is flagged for something. So no, KYC does not really protect your funds from people who somehow got access to your account.