We’re afraid of KYC because....

[xenomorfo]

Of course just as you said kyc has been a loud topic over for sometimes but still there are no changes that has been deployed over the past few years and as I know, those sites that do require kyc are just exactly following the business model, which to me I do not see any much importance of asking for such documents.
I do not see any essence of requesting for documents while those documents are not directly tied to their private wallet except for the gambling site through the deposit they are making. I also believed that gambling site can not sell our documents reason being that most of the platforms are usually requesting for a live verification and if only documents are sent how would they sell it ?

unfortunately they all sell our data, you know
where they can recover money they do it, I remember that there are harmless applications like strava, which sells data to understand which areas are best because people go there for running
I read an article about this and was shocked

[Obari]

The topic of the dangers or inappropriateness of the KYC procedure in the gaming sector has been raised here many times.
Here’s my take: the KYC procedure is potentially unsafe if this data is stolen or deliberately used by the platform for illegal activities. Yes, it also happens that platforms hire third parties to handle this procedure.
But here’s my question: it seems to me that the information on your driver’s license, for example, wouldn’t allow someone to take out a loan in your name, open a bank account, sell your real estate, or withdraw money from your bank card.
The only potential issue might be the process of de-anonymization - that is, if your anonymity is truly important to you.
But here we mustn’t forget how many "digital footprints" we’ve already left in other places - banks, the police, insurance companies, hospitals, employers....
Share your thoughts - what real risks and SCENARIOS for their occurrence do you see in KYC? I’m specifically interested in the SCENARIO of what might happen and, in your opinion, how it would unfold step by step. Perhaps by analyzing these scenarios, we can find some solutions?

I just feel people are very comfortable giving out their details online and I wouldn't deny it as long as I believe the company might also have something to loss if anything goes wrong and provided that I am not doing anything wrong with the site then no need to be so worried about giving out my informations to all also to a limit.
So see most of these people that talk to much about this KYC wouldn't hesitate to hand out their details if let's say they get to win a very huge amount like $30k from a little amount staked, so I wonder why people take it to heart when others hand out their KYC and people also forget that, most of these casinos are also some strict requirements from the government as well.

[Alvin_talk]

But here’s my question: it seems to me that the information on your driver’s license, for example, wouldn’t allow someone to take out a loan in your name, open a bank account, sell your real estate, or withdraw money from your bank card.
The only potential issue might be the process of de-anonymization - that is, if your anonymity is truly important to you. 

No, there are other ways giving out your KYC information can affect you negatively. If you know someone working as a freelancer please verify this; they most likely communicate by email for their on boarding process as well as job assignments and one of the major information needed by these agencies is your official ID card and probably your phone number.

Let's say you give your information to a casino and a hacker succeeds in hacking all customers information including your official ID card. The hacker or who ever the information is sold to can impersonate and use your information to register for any of these agencies. If the impersonator scams these agency in any form, remember that the ID in the agency platform is your, that means you will be held responsible for a crime you didn't commit.

[Creeper0]

The topic of the dangers or inappropriateness of the KYC procedure in the gaming sector has been raised here many times.
Here’s my take: the KYC procedure is potentially unsafe if this data is stolen or deliberately used by the platform for illegal activities. Yes, it also happens that platforms hire third parties to handle this procedure.
But here’s my question: it seems to me that the information on your driver’s license, for example, wouldn’t allow someone to take out a loan in your name, open a bank account, sell your real estate, or withdraw money from your bank card.
The only potential issue might be the process of de-anonymization - that is, if your anonymity is truly important to you.
But here we mustn’t forget how many "digital footprints" we’ve already left in other places - banks, the police, insurance companies, hospitals, employers....
Share your thoughts - what real risks and SCENARIOS for their occurrence do you see in KYC? I’m specifically interested in the SCENARIO of what might happen and, in your opinion, how it would unfold step by step. Perhaps by analyzing these scenarios, we can find some solutions?

The more your information is spread across the internet, the more the risk of hacking increases. We don't have much risk with offline information unless that information is sold or dumped randomly. Banks, police, insurance companies or hospitals are all under government control, if you ever feel that they are misusing your information then you can take action against them. But in the online sector if KYC information is stolen or leaked, you may not be able to take action against that institution. Especially in countries with strict laws against gambling, you will not be able to take legal help. So I think it is safe to gamble in KYC-free casinos without any hassle. If a government-controlled casino within the country wants KYC, then I will not have any objection there.

[danadc]

Everything still requires KYC, but most people won’t really consider the risk of their KYC data being exposed.

That's what needs to be considered. In this respect, the risks involved must be taken into account because every platform requires KYC (Know Your Customer). It's very difficult to find one that doesn't do it, and if they don't, they'll eventually require it. So that's something to be wary of, and it can also generate some distrust.

Casinos that are decentralized are more expensive overall, and their support can take a long time to address any problems.

[icebar]

The topic of the dangers or inappropriateness of the KYC procedure in the gaming sector has been raised here many times.
Here’s my take: the KYC procedure is potentially unsafe if this data is stolen or deliberately used by the platform for illegal activities. Yes, it also happens that platforms hire third parties to handle this procedure.
But here’s my question: it seems to me that the information on your driver’s license, for example, wouldn’t allow someone to take out a loan in your name, open a bank account, sell your real estate, or withdraw money from your bank card.
The only potential issue might be the process of de-anonymization - that is, if your anonymity is truly important to you.
But here we mustn’t forget how many "digital footprints" we’ve already left in other places - banks, the police, insurance companies, hospitals, employers....
Share your thoughts - what real risks and SCENARIOS for their occurrence do you see in KYC? I’m specifically interested in the SCENARIO of what might happen and, in your opinion, how it would unfold step by step. Perhaps by analyzing these scenarios, we can find some solutions?

The more your information is spread across the internet, the more the risk of hacking increases. We don't have much risk with offline information unless that information is sold or dumped randomly. Banks, police, insurance companies or hospitals are all under government control, if you ever feel that they are misusing your information then you can take action against them. But in the online sector if KYC information is stolen or leaked, you may not be able to take action against that institution. Especially in countries with strict laws against gambling, you will not be able to take legal help. So I think it is safe to gamble in KYC-free casinos without any hassle. If a government-controlled casino within the country wants KYC, then I will not have any objection there.

Due to regulations, casinos must accept customer KYC, which is why most casinos are forced to do so. However, all regulated casinos carefully keep KYC information, although there is no guarantee that the information will not be stolen, regulated casinos are relatively safer than other casinos. For those who are concerned about KYC, there is no such site where 100% assurance can be given. After storing information on an online casino, that KYC information can be stolen through hacking on that casino site or someone can sell that information, which has no way of understanding how it gets into the hands of scammers. Therefore, utmost caution should be exercised while sending KYC information. At least sending it to be trusted sites are much safer.

[I_Anime]

The topic of the dangers or inappropriateness of the KYC procedure in the gaming sector has been raised here many times.
Here’s my take: the KYC procedure is potentially unsafe if this data is stolen or deliberately used by the platform for illegal activities. Yes, it also happens that platforms hire third parties to handle this procedure.
But here’s my question: it seems to me that the information on your driver’s license, for example, wouldn’t allow someone to take out a loan in your name, open a bank account, sell your real estate, or withdraw money from your bank card.
The only potential issue might be the process of de-anonymization - that is, if your anonymity is truly important to you.
But here we mustn’t forget how many "digital footprints" we’ve already left in other places - banks, the police, insurance companies, hospitals, employers....
Share your thoughts - what real risks and SCENARIOS for their occurrence do you see in KYC? I’m specifically interested in the SCENARIO of what might happen and, in your opinion, how it would unfold step by step. Perhaps by analyzing these scenarios, we can find some solutions?

You have already mentioned most of the worst case  scenarios related to sharing your information due to kyc policies  . Then , I don’t have any problem  kyc, but as my knowledge concerning security began to grow, I started  understanding the risks  that can come from sharing too much personal information to a third party platform . For instance imagine submitting your  ID, proof of address, selfie, and other personal information to an exchange, and that same exchange got compromised your information are already accessible . Doesn’t mean kyc should be completely eliminated, but to minimize the amount of information collected, encrypt sensitive data and strictly control employees access.