Can we still enjoy the anonymity in gambling in the long run? - page 2.

Questat

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Quote from: Maslate on July 08, 2020, 05:42:45 PM

Here's some good read relating to crypto casinos and blockchian gaming.

BLOCKCHAIN GAMING DESERVES REGULATION CLARITY

Some does not want regulation but business operators wants regulation as it will give them security in the long run.

This explains a lot, the operators wants them to be regulated so they can operate with certainly and I'm sure they are already aware things that would change when they are already regulated.

It means they have to comply and if the government says everyone should follow the KYC for AMLA, then they should comply, or else they will lose the privilege to operate with a license. I hope this casinos now is not something we will hate in the future due to regulation as it's already predicted, when the crypto industry will grow, the govern will aim to have a cut for the revenue its making.

Renampun

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Anonymity is no longer valid when the average gambling site asks email to register IMO...
In my experience, almost all gambling sites ask for email for registrants so that when you forget the password the account can be recovered but indirectly it makes your anonymity disappear, your email makes your identity open.

Maslate

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Here's some good read relating to crypto casinos and blockchian gaming.

BLOCKCHAIN GAMING DESERVES REGULATION CLARITY

Some does not want regulation but business operators wants regulation as it will give them security in the long run.

STT

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So long as you gamble crypto not FIAT and dont pay in FIAT close to the source of depositing your crypto into a gambling site I dont see why theres a great worry about gambling in privacy. Its only really when you start to gamble the notes with the presidents head on there the authorities want to get a cut of this real life money. If its just some crypto token then what business is it of somebody outside that economy to be interfering in something with no fixed value, backed by no government or body and completely barter based in any market traded price. You can gamble bananas if you feel like, are they going to send a swat squad because you win a hundred bananas lol, a religious based authoritarian regime then I can understand its their beliefs but otherwise no not really.

Quote

crypto will be regulated

Theres no reason it should be, it belongs to no country and theres no physical product or fixed promise of returns to regulate.

Vaculin

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Winding down.

Quote from: cabron on July 08, 2020, 04:45:41 PM

If that's the way they would do it then submitting documents is a choice. If its mandatory then you have to submit especially if you have to withdraw your funds.

If we submit then we lose our privacy, there's no difference then from popular fiat casinos and I think people would choose fiat casinos in that matter as who knows, in the future they would also add crypto as part of the payment system.

Quote from: cabron on July 08, 2020, 04:45:41 PM

There are still ways to be anonymous. There are decentralize casinos offering complete anonymity where it only needs a wallet and you can already play. You can go over to the dappsradar list of gambling dapps. EOS alone has tons of these casinos which none of them ever ask an email.

Hopefully they will not be covered by the laws once full implementation starts.

cabron

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If that's the way they would do it then submitting documents is a choice. If its mandatory then you have to submit especially if you have to withdraw your funds.

There are still ways to be anonymous. There are decentralize casinos offering complete anonymity where it only needs a wallet and you can already play. You can go over to the dappsradar list of gambling dapps. EOS alone has tons of these casinos which none of them ever ask an email.

Quidat

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Quote from: Ryker1 on July 08, 2020, 03:28:00 PM

Quote from: chaser15 on July 08, 2020, 03:11:06 PM

For age concern, how come a gambling site should monitor that. There are lots of ways to bypass it so that won't help. If the government is serious, put a heavy violation at those minors who will be caught doing online gambling. ISPs can track that. That is more effective as these minors will be afraid. It's totally non-sense for a gambling site to required KYC just to prove that the user is over 18. [ So uncomfortable for new users that will just play a small amount on the site or will just test how good the site is. ]

Well, I agree and you have a point. Even me, I won't waste my time submitting KYC if I just want to test the gambling site of how does it work or even just for entertainment purpose with a small amount. Because it does not mean people who gambled are gamblers. If there are heavy violations once minor age will be caught, they had feared to gamble, and even their parents will guide and monitor them. In online gambling, we can't really sure who really is the player because as of now using internet is very easy. Even 7-8 years old can operate cellphone or laptop alone!

With easy access then its really hard to get rid of those minors that do deal up with gambling at a very young age and this is the cons of this new hi-tech era.So in this matter this do depend on the parenting already
on how they do deal with it and guide their siblings on not to deal with it.KYC thing do only fits out in traditional fiat casinos online but not for crypto ones.We havent seen KYC verification in most crypto gambling sites nowadays and yes they might be licensed but asking out user information isnt really part of that which is really a great thing and this is the reason on why this field or industry had boomed up due to anonymity.

Ryker1

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Quote from: chaser15 on July 08, 2020, 03:11:06 PM

For age concern, how come a gambling site should monitor that. There are lots of ways to bypass it so that won't help. If the government is serious, put a heavy violation at those minors who will be caught doing online gambling. ISPs can track that. That is more effective as these minors will be afraid. It's totally non-sense for a gambling site to required KYC just to prove that the user is over 18. [ So uncomfortable for new users that will just play a small amount on the site or will just test how good the site is. ]

Well, I agree and you have a point. Even me, I won't waste my time submitting KYC if I just want to test the gambling site of how does it work or even just for entertainment purpose with a small amount. Because it does not mean people who gambled are gamblers. If there are heavy violations once minor age will be caught, they had feared to gamble, and even their parents will guide and monitor them. In online gambling, we can't really sure who really is the player because as of now using internet is very easy. Even 7-8 years old can operate cellphone or laptop alone!

teosanru

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This actually is a double edged sword and a very controversial question in cryptocurrency arena these days. On one side greater regulation would mean quick unfolding of scam but at the same time would mean revelation of your identity on casino. I think in longer term it's going to be difficult to not regulate casinos as authorities already feel casinos are a heaven for money launderers. I believe either all the casinos have to go to cayman islands and Operate from there or just get out of business. But even if they get registered anywhere authorities can still block such websites. I don't think we would be able to gamble without revealing identity in long term. It's a privilege enjoy it until you can.

chaser15

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Quote from: shoreno on July 07, 2020, 06:15:23 PM

Quote from: chaser15 on July 07, 2020, 05:57:24 PM

Fully regulation doesn't mean gambling sites will have to mandatory required KYC. It's just for surpassing an account limit or those who are subject to investigation.

I'm sure gambling sites will remain on their current setup for several years to come. It's hard to believe right now that they will mandatorily ask for KYC, even in the future. It's useless to impose it if there's an account that just playing with a lower amount on each of their betting session.

fully regulation for me means that a gambling site will require kyc and implement more strict rules that removes anonimity .

what we have on many gambling sites right now is partial regulation only because the kyc isnt mandatory . kyc purpose isnt only for big or small amount but they can impose kyc because that is only the answer to know if what kind of people are playing on thier site or if what are thier age . many fraudster and under age people are using a gambling site today .

Quote from: serjent05 on July 07, 2020, 06:50:40 PM

Quote from: chaser15 on July 07, 2020, 05:57:24 PM

Fully regulation doesn't mean gambling sites will have to mandatory required KYC. It's just for surpassing an account limit or those who are subject to investigation.

I'm sure gambling sites will remain on their current setup for several years to come. It's hard to believe right now that they will mandatorily ask for KYC, even in the future. It's useless to impose it if there's an account that just playing with a lower amount on each of their betting session.

Minors are supposed to be not allowed to join the gambling activities. This reason alone is enough to implement KYC to every player on the site. That is when government fully regulates crypto casinos. It is not how little or how big you wagered or deposit is. It is about the legality of the player's age to do gambling activities.

Disagree with you both. Just look at some exchanges that heavily regulated. They don't require a mandatorily KYC unless for surpassing limits.

If that's the case in exchanges, which is more sensitive and lots of money around compare to gambling sites, except that it will have the same scenario when gambling sites now become regulated.

For age concern, how come a gambling site should monitor that. There are lots of ways to bypass it so that won't help. If the government is serious, put a heavy violation at those minors who will be caught doing online gambling. ISPs can track that. That is more effective as these minors will be afraid. It's totally non-sense for a gambling site to required KYC just to prove that the user is over 18. So uncomfortable for new users that will just play a small amount on the site or will just test how good the site is.

DoublerHunter

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Quote from: supine on July 08, 2020, 02:40:34 PM

I think sooner or later we wouldn't be able to fully enjoy it anymore since some people are getting mad due to their kids gambling in this online sites without KYC and accepts minor because they couldn't filter their user well.
And they would be forced to do a KYC to continue on operating but I hope that this would never happen because not all of us like the idea of KYC or submitting our personal information's and I.D's.

^ There is nothing we can do if all gambling casinos will be wanted to force us in having KYC just for the sake of all minors.
Even if it will required valid ID it will remain to be cheated by using or even buying other people's identities. So, that means become useless.
However, if KYC will be implemented in most gambling casinos, rest assured that there will be no more certain hackers or cheaters in all gambling aspects. They will probably afraid of being tracked their real identity and penalized by the authorities. Nevertheless, the anonymity contains pros and cons that we will be considered.

supine

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Quote from: mirakal on July 07, 2020, 03:51:21 AM

The Truth Behind Crypto and Online Gambling

Quote

Online gambling is, therefore, part of this bandwagon because internet proliferation has enabled cryptocurrencies to emerge as convenient payment avenues in this sector as hundreds of betting sites offer this option.

1-Eliminating payment headache
2- Anonymity is guaranteed
3-Minimal operation costs

I am very much concern with the bolded wordss so I like to ask your opinion on it.
We all know that slowly the crypto casinos are getting regulated as we can't deny it's been growing and gamblers are slowly adopting to it.

What we are enjoy now is an "anonymous gambling" is very satisfying to us, but will it be in danger when the market is fully regulated?

Your thoughts please.

I think sooner or later we wouldn't be able to fully enjoy it anymore since some people are getting mad due to their kids gambling in this online sites without KYC and accepts minor because they couldn't filter their user well.
And they would be forced to do a KYC to continue on operating but I hope that this would never happen because not all of us like the idea of KYC or submitting our personal information's and I.D's.

adamistraybar

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yes as long as places that offer gambling lsicense dont care and only care about money casinos bring in for them it wont change anytime soon and not muc goverments can do to stop t

travwill

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Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games. It's most likely unavoidable in the near future but its necessary while there are cons there are also pros. Because we might get insurance and protection against scam gambling sites.

It is extremely difficult to imagine exactly how it will be. After all, in order to make any claims to the site, you need to know its physical location or have an international authority to block Internet resources (which certainly will not happen in the near future). Otherwise, we will see locks only locally in each individual country. Otherwise, everything will be as before.
Regulation is unrealistic because no one is even technologically prepared for this globally.

Fredomago

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Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games.

No other option if you'll going to play online, if all the casino site will applied this requirement, complying is a must if you wanted to play.

Quote from: Sadlife on July 08, 2020, 08:06:34 AM

It's most likely unavoidable in the near future but its necessary while there are cons there are also pros.

Legal entity is needed once everything being adopted, there's no way government will not interfere to make sure that government rules are strictly implemented from each gambling house.

Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Because we might get insurance and protection against scam gambling sites.

Might be the brighter side in case problem like this happened , the law have the claw to punished those scammers.

TrevorS

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Quote from: Mahanton on July 07, 2020, 02:19:00 PM

Quote from: asu on July 07, 2020, 02:09:39 PM

Quote from: TrevorS on July 07, 2020, 01:46:11 PM

However, at the same time, does this endanger users of such platforms without a license?

Obviously, yes. It's a double-edged sword because of those illegal activities.

The time you signed up and start playing endangered your information (such as: ip, device), because operating a casino that is not registered and without a valid license is illegal.

I dont see for ip or device reveal would be a big issue towards that matter since we can make use vpn or other service to hide it out if you are really keen towards your privacy aspects but
most of the time, users arent really that much of concern thats why i dont count this as a risk on playing online specially with crypto based platforms and as long you dont give out your
personal details then you are still good.For now we can still cherish out these good days with crypto gaming because of anonymity aspect.We can question out their legitimacy since majority
of them doesnt have license but just simply stick out to those who are commonly being used then you are still in the right platform.

In this case, casinos of this kind are a rather dangerous place to store money. It makes sense to keep there only small amounts and withdraw profit as often as possible.
It seems that crypto casinos are now some kind of "offshore zone", and in theory it can last a very long time.
It is difficult to regulate cryptocurrency, and the use of VPN complicates the blocking of sites by providers.
As always, cryptocurrency expands the possibilities for everyone who uses it. Grin

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Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games. It's most likely unavoidable in the near future but its necessary while there are cons there are also pros. Because we might get insurance and protection against scam gambling sites.

It would happen in the future when the government has finally accepted Bitcoin as a means of payment, they will go for the Gambling site next time and any other industries that run cryptocurrency in their Country. Of course, there is some advantage when that happens because those fake investment scams will have a hard time running their company in the public and they will be asked for a permit just to run a mere scam.

Mauser

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Quote from: Kong Hey Pakboy on July 08, 2020, 08:54:57 AM

Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games. It's most likely unavoidable in the near future but its necessary while there are cons there are also pros. Because we might get insurance and protection against scam gambling sites.

When we began to access a site or a gambling site, and we start to sign up expect that our anonymity was gone because before we sign up they will ask our email address and other information and sometimes they required KYC, that is why we should avoid scam gambling sites for us not to steal our information. In today's generation don't expect that you could hide your identity, even you use fake information because there are some organizations and people who can easily trace you.

Don't forget that the governments are also interested in your online gambling habbits. Any larger winnings would need to be taxed, so from casinos storing data on their customers, it's only a small step to make such data accessible for the governments. And of course personal information has a huge value these days. There are so many companies just buying this information and selling them to various advertisement companies. So for example when registering your phone number on some casino website, I would assume that you definitely get more sales calls.So much for the anonymity =/

Latviand

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Quote from: Bitinity on July 07, 2020, 04:37:46 AM

I started to think about the anonymity of cyrpto will end soon when most exchanges ask for KYC few years back. Nowadays we see many crypto gambling sites are also having KYC requirement. It makes me more confidence that we will not have the anonymity anymore in crypto gambling industry. Once everything related to crypto is being regulated, that's the end of the anonymous of crypto imho.

We need this kind of feature to secure our accounts especially that when it comes to this gambling platforms, hackers or scammers are very popular due to anonymity. But when this KTC was required to most of the gambling platforms, they are not that scared to play in a certain platform and they are comfortable.

Especially when cryptocurrencies are involved in a gambling, people will much more worried about their money that they are going to spend in a casino. Anonymity is important but that anonymity will help those scammers to scam more customers. Hopefully, they will really make this KYC to become a normal requirement for other crypto gambing sites.

Kong Hey Pakboy

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Quote from: Sadlife on July 08, 2020, 08:06:34 AM

Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games. It's most likely unavoidable in the near future but its necessary while there are cons there are also pros. Because we might get insurance and protection against scam gambling sites.

When we began to access a site or a gambling site, and we start to sign up expect that our anonymity was gone because before we sign up they will ask our email address and other information and sometimes they required KYC, that is why we should avoid scam gambling sites for us not to steal our information. In today's generation don't expect that you could hide your identity, even you use fake information because there are some organizations and people who can easily trace you.

Topic: Can we still enjoy the anonymity in gambling in the long run? - page 2. (Read 781 times)