The important of KYC in casino’s.

[bitLeap]

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.

It seems some people are afraid of these KYC things in casinos are because they are afraid of some leaks, for example the casino you submitted your personal data will get hack or they intend to leak your personal data, then that is really disappointing. So that's why most people who into cryptocurrency will against on this.

To be honest I don't care about crypto casinos that are strict with enforcing KYC anymore, because eventually regulations will continue to put pressure. It's a matter of taste, I play at non KYC casinos but every time I play the odds are bad, the credibility is an ash area so in the end I choose KYC casinos but in terms of credibility they are trusted casino.
But because so far I've been playing with the limitation that KYC is mandatory when depositing and withdrawing large amounts. As long as I play under that so no need to worry for KYC.

[Pandu Geddon]

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.

Some gamblers are very concerned about anonymity. This may not only apply to casinos, but also to other platforms like exchanges that also require KYC. 
However, nowadays, many gamblers may no longer consider KYC issues. They only think about playing safely and comfortably, and being able to withdraw their winnings smoothly. Gamblers might not think about money laundering or underage gambling.

[348Judah]

KYC could have been so much better to be accepted if we had been able to enjoy security from the gambling platforms we have been using and there wont be anything related to data leakage and invasion on privacy, but today many are being scared because they don't know how they could have all these secured, also, some other confidential means could be required from us to present when they are verifying us, but aside this, the advantage could constitute preventing hackers to hijack our account.

[Sammye3]

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.

I don't know much about casinos but I know this is a good advantage for KYC verification, but I think with sports betting has same similarities in this aspect too as it helps to protect the interest of the gambling company.

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.

All you said is true OP, but I don't think KYC applies to all casinos, maybe I'm wrong but it's a bit different with some betting platform as some betting sites requires only the security pin for withdrawals. The only time KYC would be needed is if you're making a withdrawal t a different account, as it seems suspicious to the betting site.

[Beparanf]

KYC could have been so much better to be accepted if we had been able to enjoy security from the gambling platforms we have been using and there wont be anything related to data leakage and invasion on privacy, but today many are being scared because they don't know how they could have all these secured, also, some other confidential means could be required from us to present when they are verifying us, but aside this, the advantage could constitute preventing hackers to hijack our account.

So far, only few cases related to data leak and most of them came from 3rd party services of the casino which doesn’t includes the crucial documents for our KYC.

I assume that casino is doing a good job on making our documents secure unlike before that casino usually have a weak security that result to frequent exploit on their services.

I believe all services online not only casino are prone to leak so we shouldn’t single out casino here.

[Wakate]

KYC could have been so much better to be accepted if we had been able to enjoy security from the gambling platforms we have been using and there wont be anything related to data leakage and invasion on privacy, but today many are being scared because they don't know how they could have all these secured, also, some other confidential means could be required from us to present when they are verifying us, but aside this, the advantage could constitute preventing hackers to hijack our account.

Most of the gambling platforms we are using already have their own security to safeguard gamblers but that might've nit been enough because even with the security level, a casino can be hacked at any money in time.
This is why we have to be stingy with our information so we don't use it or give it out to casinos that will sell it.

[BitBakerr1]

All this things you mentioned is the reasons why this casinos usually ask for KYC and I really don’t see anything wrong in doing KYC when ever a new casino I want to use ask for it because I believe it’s for the good of the casino and me as well. The one you mentioned about withdraw, a casino that those not require KYC will also not require it during withdrawal and someone can just pick up your phone and maybe he knows your password he can withdraw your money and that’s it but if the casino usually ask for KYC during withdrawal that steeling can’t happen your account is well protected, I know some people see it as stress and yes that’s it’s disadvantage and we also knows it’s advantage for me the advantage is better to have because the disadvantage will cost you nothing.

[Hypnosis00]

Gamblers don't like it because they/we are entitled to some privacy. KYC should just ask for unusual and suspicious activity, not for those who just found gambling a place to enjoy. In fact, casinos are only benefiting from this, not the gamblers.

If we can just use a nickname when opening an account, I would really appreciate that. But now, we have no option but to put our complete name and other vital information to succeed. Well, I have to embrace it because it seems to be mandatory. Otherwise, I couldn't gamble. But asking for a document for another verification, that is somewhat over.

[DaNNy001]

one importance of kyc implementation is the control of underage gambling, most of these kyc free casinos are trying to make it easier for people to access online gambling without any form of restrictions but they have no idea that they are only enabling underage gambling..In the long run this becomes a problem and it can affect a lot of kids negatively..these are things that should be properly monitored

[Dr.Bitcoin_Strange]

In a micro view you could say all these factors you listed are really good importance of KYC in casinos but in a macro view you would know that all of these things are not really prevented by the casinos despite requirements of KYC. There are still so many underage gamblers and there are also cases of laundering that still do not get detected, customers lose money too despite the KYC. So, it's more like having it there without solving a problem completely.

[Hispo]

...

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.

It is the weakest point, in my opinion.
There are already mechanism put in place so it becomes difficult for criminal or hackers to withdraw money from casino accounts, usually people in order to withdraw it is required for them to use a two-factor authentication beside their password, that would be enough for the most cases when someone wanted to withdraw a modest amount of money they got from their gambling session.
It would be acceptable for casinos to ask for KYC data in the amount of money to be withdrawn was life changing or significant. So they can be extra sure the person who is going to receive the money it is the same who signed up on the casino to begin with.
It does not make sense to ask for personal information in order to withdraw five dollars, for example.

[rezakurnia66]

Gamblers don't like it because they/we are entitled to some privacy. KYC should just ask for unusual and suspicious activity, not for those who just found gambling a place to enjoy. In fact, casinos are only benefiting from this, not the gamblers.

If we can just use a nickname when opening an account, I would really appreciate that. But now, we have no option but to put our complete name and other vital information to succeed. Well, I have to embrace it because it seems to be mandatory. Otherwise, I couldn't gamble. But asking for a document for another verification, that is somewhat over.

The KYC requirement don't easily put username based on anonymous and must using the real nick name or the real data, some gambling can't change later for the nick name or data when registering. Be careful for gambling casino have regulation can't change data later and to withdraw require KYC.
Nowadays forget about privacy at gambling casino because almost all top casino requiring KYC and first registering use the real name until the real data avoid if can't change later when KYC. Lack option for some one won't to KYC at gambling casino because right now to be be mandatory for all user when using that casino exactly for withdrawing feature.

[Fiatless]

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.

KYC is good since it helps to reduce fraudulent activities. Casinos benefit from it since gamblers who abuse bonuses and other privileges. But sometimes casinos use this KYC as an avenue to cheat or deceive gamblers. They wouldn't ask for KYC until someone wins big. The government also use it as an instrument of surveillance and control. There are other better means to launder money than using a casinos.  Identity could be bought on several platforms, and AI can also help develop information which can help bypass KYC.

[BitMaxz]

KYC is good since it helps to reduce fraudulent activities. Casinos benefit from it since gamblers who abuse bonuses and other privileges. But sometimes casinos use this KYC as an avenue to cheat or deceive gamblers. They wouldn't ask for KYC until someone wins big. The government also use it as an instrument of surveillance and control. There are other better means to launder money than using a casinos.  Identity could be bought on several platforms, and AI can also help develop information which can help bypass KYC.

I don't think it's worth bypassing the KYC since it will be required again later once you withdraw or win a huge amount. That's too risky, honestly, unless you just want to gamble and consider the amount you deposit lost, but if you are planning to withdraw your winnings, having a fake identity is risky since most of the KYC also requires a selfie. I don't think you can easily bypass the selfies. I know that AI is developing, but if casinos manually review, they can still notice that they are dealing with AI. It's not a perfect solution; when bypassing KYC, I am more comfortable giving my real identity only for trusted casinos. If you are living on restricted or banned countries, then just look for another casino rather than just bypassing your IP with a fake identity.

[Dunamisx]

To the casinos, KYC is important, because they make use of it to track and prevent users accounts to be taken by anyone, while the gamblers may see this from another perspective that it's intruding into their privacy, that is why we must be able to understand the casinos that accepts for KYC and the ones that do not require for KYC and make our choice.

[Lida93]

KYC is for the casino and even if not initially requested during registration, if you stay long enough and win often, it will eventually be requested. They have it there in their TOS so nothing to be surprised about. And I dare say, it will be difficult to find any casino that is a noKYC and stick with them. In my estimation it is not to pick one over the other but to choose the lesser devil - whatever the lesser devil means to the player.

For the modern day gambling it's very difficult to escape KYC as all the casinos by virtue of their licensing are under the authori policy to request KYC from customers. For some casino it's just a matter of when before they request. But it's as you have advised, each gambler just have to go for the casino with lesser KYC requirements that you can comfortably share with to the extend that you're willing.

[cryptoaddictchie]

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.

I get why people hate KYC, especially when they just want to try a new casino quickly, but it’s hard to deny that it plays a real role in keeping the system clean. Without it, casinos easily become tools for money laundering, underage gambling, and account abuse, which eventually hurts regular players too. The real question we thinking is, do we want total anonymity at the cost of safety, or some inconvenience in exchange for fairness and protection? And if a casino refuses to do KYC at all, should players ask themselves what exactly are they trying to hide?

[o48o]

Even though on a large amount the point number one can be workfull but I have a huge doubt on the others three points success, because there is multipe article and news I have seen that under age people are doing gambling by doing KYC with the fake ID cards and even though I have listen somthing like that one person is doing gambling on the same platfrom from another person kyc varified casino account, that is mean here three and four number point are also weak.
But yes in case of the big fund winning they can ask you for KYC but here the beneficiary person will be only the casino.

This is like saying: There shouldn't be laws because some people break them anyway.

Casinos don't benefit from your KYC just because they need to froze your winning funds. In fact it's highly inconvenient for them to use manpower or third party services to deal with all that. It's way less costly to pay up and  keep you spending your winnings (because that's what's going to happen) in the future.

Casinos ask your kyc because they would be breaking the law if they wouldn't. I totally understand if someone gets blocked because they didn't read the tos that they feel violated. But not everything is revolving on them and their winnings.

[uneng]

Nah, KYC isn't important from the players point of view in anyways. Those are just excuses. The importance of KYC is to ensure the government has control over citizens' funds and that is all. They want to know how much you earn, how much you spend and where your money is going, so they can develop new taxes or increase the existing ones based on those informations.

Actually, if something like KYC were important, why would Bitcoin have been created in first place? You should be all using fiat currencies solely, instead.

[Nothingtodo]

Although KYC will help keep you away from money laundering, excessive gambling, and other negative influences, casino authorities do not strictly enforce KYC. Most users are against doing KYC because they are not willing to do risky things like doing KYC with their important personal documents. Since if the casino authorities do any unethical things with personal information, users usually do not want to open an account at a KYC-rich casino. However, one thing is that if KYC is required, it will definitely be possible to prevent money laundering, underage gambling, and even the creation of a multi account.