Topic: Anonymity is no longer a benefit of gambling with cryptocurrency. - page 6. (Read 1841 times)

this is normal in every businesses that conduct to bring money for people and investors.
Yeah , thats the line now of gambling business , yeah look at how legit casinos are bringing their site with KYC requirements.
but I think that is the safer way of having business together?

the team to know whos legit players , and the players to at least know their casino better.

Maybe thats happening with the gambling platform, but the functioning of KYC free platforms used to be something different. Whenever something related to KYC comes, what strikes me is the directbet. Such kind of functionality won't have any issues with noney laundering, because there is limit with the bet and the bet can be placed from the wallet in which we need the bet amount to be settled. If the amount need to be settled on some other wallet address that can also be done. Winning bets gets settled and the lost one will be left, and this way the possibility of money laundering seems to be hard.

Those that are leaders with an alpha personality want to be left alone and get their money when they ask for it. Most are followers with a beta personality and don't mind having their money frozen for weeks while casinos do thorough KYC searches.

That is a pour truth because i have read players' testimonies where they win huge amounts and the casino never ask them for verification even when they exceed the no kyc withdrawal trench hold it is still left for the casino to decide whether to ask for KYC or not, and if the account doesn't exhibit any abusive behaviour in the system,  some casinos will just decide to let the account operate freely.

So it all depends on the underlying conditions that around the players that warrant the casino to ask for such from time to time, but also we have to settle with one fact that.

Centralized casinos have 100% right to ask for KYC, most especially if it is written in the terms and conditions of the casinos.

It's not entirely true anyways... AFAiK, there are some casinos that don't even care about the KYCs anymore - mostly since they've observed that it's becoming a problem this days..
Alot of things are happening in today's world and it's infact, a mojor constitute...but why would anyone be really keen about maintaining anonymity if not for covering up money laundering cases?? So many peeps don't wanna be monitored and that's against the T/C's of most casinos with obvious reasons... They don't wanna be sued for illegitimate ordeals..

Sandra 🧑‍🦰

Some do risk and some wouldn't really be doing so and good thing that we do still have some options on which we could choose from. Despite of the gradual changes on which crypto based casinos should really be totally anonymous but it turns out that it do becomes more stricter in terms of KYC and other identification type of approach but still those are just potential things to happen because most of them wont really be requiring those things before you can play but somewhat these things could be asked out on the time that you had violated something or do able to have that huge hit or winning which it turns out the be standard nowadays. This is why it would really be that better that you should really be expecting something like this in speaking about changes. Just like the rest been saying that it would really be just that normal for the government to have this kind of act yet they cant really afford on missing out to impose taxes with these business despite of its nature or on what it is really that focusing, as long they could put out those regulation then they would really be definitely be applying it.

How come you single out Duelbits here while casino that collects data including Stake which you are promoting is prone to data breach. Also casino usually use a 3rd party service to conduct KYC as requirements by the law.

There’s always a threat of data breach on all service eve with the government site. At the end of the day, it’s all about trust on the service or else stay away if you are afraid of potential leak of your credentials.

The sacredness of privacy and the right to remain anonymous have been ruthlessly undermined in the name of compliance and attracting more customers. Casinos, once the stalwarts of discretion, have sheepishly kowtowed to this growing trend of KYC. And for what? A little more business at the cost of personal integrity?

Duelbits may have a reputable standing now, but what guarantees their fortitude in the future? The threat of data breaches, hacking attempts, and internal compromises is very real! The economics of it all just dont add up. In their greed to maximize profits, casinos may well be playing Russian roulette with their very survival. How do we know our data is safe? We dont. So why risk it?

Pretty straightforward but given how easy scammers can impersonate these kind of casino scheme makes me happy that it's not as popular back then as today, these type of scam will probably the main reason why victims will post on Scam Accusations board. Wouldn't also this kind of casino be a good way for crooks to launder money? I mean they can just create their own website that does this and funnel the money there right?

I think it's for the better that a total anonymity is not a thing anymore for casinos, makes it easier for both parties not to be hassled. I've read a lot of scam accusations in the past and most common reason why some funds are withhold is because there's no identification for the customer and there's no real person or face that you can contact when the casino holds your funds.

I still miss the good old days of directbet. Where you'd just bet and send crypto to an address and receive the winnings back to an address you've provided. No account, no kyc, no drama.

I have always been very discreet with my personal information, I have only given my kyc in a few casinos, and the most reliable ones, but if anonymity has been lost much, the casinos have made a campaign in favor of KYC to Being able to attract all the clients, and even the casinos that did not ask for kyc are already so, which makes me sad and disappointing because the casinos that kept zero KYC for me were the best, now nothing is reliable anymore . The casinos that I have given my kyc are trustworthy, they have a good reputation in the forum, my duelbits is one, I trust their casino. But if we think that the casino can be compromised, or somehow someone leaks the data is possible, it can stop, but everything in this life is a risk, we can't do more.

Even if they claim it, none of them have a license to be in the US or UK although they do cater to those in those countries and you can play there without worrying about being paid. Personally, I don't like turning over my KYC info or selfie video but understand those that don't have that concern. All swans are white until you see a black one.

True. I don't wanna take it as a serious problem. Exchange site like binance have been handling KYC from more than 150 millions people. It has larger scale compared with gambling site.


There will be no ending if we are always thinking like that. When we are registering for the bank account and we must also submit our KYC too. There's no difference between it. Those casinos mostly located in curacao but some have been licemsed to operate in some major countries like USA or UK.
Our data might be sold to some things like banking sales or etc. It's possible but i don't care so much as long as my data is not used for the criminal purpose.

You are right. Reputable casinos will do their best to keep your personal information safe.
I don't know what happened with bitnomi but it's a bit disturbing. It was one of the most reputed casinos. When they went dark, their customers' info were in the streets. Betnomi's customers reported receiving unsolicited messages from unknown parties!

KYC regulation by country for cryptocurrency casinos and year that they opened a sportsbook

Costa Rica- zero to some KYC. It can be zero as long as you aren't multi-accounting or using a VPN. Data processing license.

1. Nitrobetting (2013)


Curacao -  zero to mandatory. As with CR, not using a VPN will help keep you away from KYC. Rule changes will occur on September 1. Each casino will have it's own license instead of the current system of 4 master licenses. In order of KYC grade.

1. Betcoin (2013) none if not using a VPN or multi-accounting.
2. Bitsler (2015)
3. FortuneJack (2019), casino (2014)
4. Cloudbet (2013)
5. Sportsbet (2016)
6. Betfury (2020)
7. Owl (2021)
8. Rollbit (2021)
9. Turstdice (2019)
10. Wolf (2019)
11. Duelbits (2020)
12. Stake (2019), casino (2014)
13. Roobet (2019) Mandatory
 

Isle of Man - mandatory

1. MaverickGames (2020)

https://bitcointalksearch.org/topic/1-ratings-of-bitcoin-sportsbooks-since-2014-kyc-rankings-bonuses-scam-accus-717790


Note- There are new KYC requirements starting September 1st in Curacao. The KYC ratings will be changed if books take a different stance after September 1.

It is simple and there is no need to argue against the casino platform.  If one is not confident that his data privacy can be stored safely then he just needs to avoid that casino platform and stop playing on it.  The casino cannot force us to play in their platform, they may entice us but can never force us.  So if a player have issue in submitting KYC, then he can just look for a casino platform that does not require one.


Well, that is the nature of the government and the reason why they are named government.  They wanted to govern everything under their jurisdiction so it is not news that they wanted to control everything.  Anonymity is more like a story of the past now in a centralized gambling platform, the only good thing with crypto casinos is that one can still play even if they are unbanked.

If you are from some country where gambling is regulated and all accessible gambling site within such region is licensed which make it impossible for any citizen to register at a casino without going through KYC, and if you are a citizen of such a country, you have no choice than to hand over your documents for verification so privacy doesn't mean much for some who left with no choice but to submit to demands.

So I believe most of the gamblers are already aware of that fact and they will always look out for ways to either avoid losing their privacy or decide to hand it over if that becomes the only solution for them.

You cant blame out people not to be that too paranoid when it comes to this on which this is the main thing that could really happen on a certain individual in speaking about on giving out their kyc documents on a certain platform on which there would be always those chances or probabilities which these information could be sold out somewhere on internet or would really be having those breaches or hacks which it is really just that normal that people would be having this kind of approach on something in speaking about KYC and this is why it is really that highly frowned upon on this space or something that never been that ideal or something that would really be that recommendable on dealing or going along with it.

Now that we are living in a world which government do really loves on controlling everything then it would really be just that normal that they would really be having that kind of approach on things which trying out to
control everything and if there's something that would goes off with their radar then they would really be trying out to control or get in touch with it on which it will really be just that normal that these crypto platforms
would be sooner or later will become like those typical casinos that we do have.This is why it would really be just that better that you should really be trying out to accept the reality since we are really that
heading on there.

There are very few completely decentralized gambling sites. And one thing to keep in mind when you gamble on sites that currently don't ask for KYC is that they may ask for your documents any time you win big.
Therefore, gambling anonymously has become difficult in the current situation, with gambling sites forcing crypto users to do KYC against their will and sometimes by force. So looking forward to seeing the rise of decentralized gambling sites to keep crypto users private.

of course crypto because we are in crypto world here . but have you asked the sentiment and stands of online gamblers that uses fiat?
we have no idea actually.
of course like what you said , centralized casino is Dominating the scene but still there are decentralized that does not ask for our details.