Not only do gambling casinos have been strict but also local exchanges were the latter asks for KYC documents for your identity, verification, and security.
That is already given for exchanges, but they have different regulations compared to the gambling industry. Exchanges were heavily regulated first, so it is not surprising that they are already strict when it comes to KYC and tracking transactions.
With regard to gambling regulation, it has been discussed that it was inevitable at some point. With tons of online gambling casinos been created, it is just a matter of time that regulation will come into play given that a number of scam websites have been circulating also.
Remember, with regulation comes compliance. Failure to comply with the required requisites of licenses, verification, and other documents, the government will not hesitate to prohibit access for the safety of its consumers and citizens as a whole.
Yes, and this already happened. Curaçao gaming was very popular in the past, but with this update, I wonder if most small casinos would still get a license there, knowing that compliance is now harder than before.
There was also a new one that was shared, and maybe that could become the new Curaçao-style option. But eventually, it might also end up the same as the current Curaçao, because regulators will always catch up sooner or later. The question now is where new license providers will come from, and whether they can really avoid being forced to comply with the standard regulatory requirements. I think we just have to accept the reality. If we want less hassle, then maybe prediction markets are becoming the answer.
