Topic: Can we still truly achieve anonymous gambling in crypto? - page 4. (Read 909 times)

The use of cryptocurrencies in gambling may differ from person to person. Some people may seek them out for their anonymity, while others enjoy the technical aspects and profit potential of cryptocurrencies. Maintaining a balance between security, regulatory compliance and user privacy will be a future challenge for the industry. While changes in the cryptocurrency and cryptocurrency gambling industry may change the way we view things, cryptocurrency casinos still have the opportunity to offer a different and unique experience compared to fiat casinos, albeit with appropriate adjustments to changing regulations and user preferences.

It is really a helpless situation because most of the reputable casinos require KYC. Even the online crypto casinos are not exempted from this requirement unless those that are not regulated and lately, web3 casinos which are new technology. Gradually we will come to reality that the issue of privacy in cryptocurrency is a dead matter as privacy would have been defeated. Going with the non-regulated casinos that does not require KYC has its own inherent risk and this is why I said it is a helpless situation. I don't know how web3 casinos will be able to meet the expectations and how safe they are; only time will tell. So, we just have to live with the reality of our time and accept the system as we see it.

For me, what cryptocurrency brought was Decentralisation and Privacy depending on the coin you are using, but never Anonymity as many wrongly widely believe(d). Nothing is anonymous in crypto transactions, it might only take time and a huge puzzle to solve, notwithstanding, that the transactions can still be linked/located.

With crypto casinos, it got worse with the involvement of third-party transactions as people were sending and receiving cryptos to and from the casinos respectively. Are casinos not another party serving the public, and not private? That makes it no privacy anymore in my opinion inasmuch as it is not only you and your crypto again but as involved a third party (casino). But people do not often think it to that extent. And with the pressure of regulation and knowing more about your customer (KYC), it gets worse even as people trust and prefer the licenced and regulated crypto casinos to the opposite due to the safety of their money. This is however the way it should be since too much privacy/anonymity is dangerous to the world.

Simply put, we are heading to more regulation, indirect de-decentralization of crypto transactions and more accountability. Isn't that cool?

And of course, fiat is not crypto and crypto is not fiat, and never would they be, so they will always be different since their structure and mechanism of operation are different. This is even as you can own and seize your crypto in a wallet where nobody (not even the government) can touch it since you own the private key. Can you do the same with fiat? They are not just the same.

Crypto itself is less decentralized since there are many regulations governing it as well as exchanges so that when crypto casinos also become less decentralized it is nothing new because it follows from the type of payment and also the license that the casino has reducing fraudulent practices which would easily occur if it were not there, although it cannot be denied that some licensed casinos still commit fraud.
Nowadays it is difficult to be anonymous, in many cases we are even more open with our personal data without realizing more than us doing KYC at the casino.

If you look at the growing growth of casino gambling, the rules are getting stricter because licensing and operating rules require crypto casinos to follow the rules. So if at first we might have been quite satisfied with anonymity at that time, now it is very difficult and like it or not, regulations are something that both the casino and its users need to follow. For different reasons, namely to ensure fraud, multiple accounts and so on. Moreover, the casino still protects our identity properly and safely, as long as our actions in the casino are not excessive and we only intend to gamble. Is complete anonymity being eroded? maybe but instead of having to gamble with fiat, for me it's still better to follow the rules of crypto gambling.

Not all the time you bet small, and sometimes even if you bet small but if you are lucky you can hit a jackpot. So what would happen? My guess, a casino would just hold your funds and will let you pass the KYC first, the problem is if you can't do that because you don't have the necessary requirements, that means you'll say good bye to your winnings as you can't held a casino accountable for you violation. I guess the point here is, don't aim to win big if you can't pass the KYC, pretty simple.

It might be because many casinos are just following regulations and asking for verification. There might be still some platforms that prioritizes privacy, like for other casino that do not require KYC for lower transactions. Depending on regulatory requirements, user preference and technology advancements

This is the reality in the world we are living now. We are constant in the space and we still think that gambling anonymously can be acheive here where in fact the world is evolving and once again the government won the battle. We were too optimistic from the start that we think we can live in our world, but this "REGULATION" thing came it and it destroy the main porpuse of crypto. Now we are just an alternative currency as still under fiat.

This is why gamblers need to firstly pass KYC on an online casino before they start to gamble on the platform, after doing research and finding out that the casino is a good one, proceed with KYC, then after you are passed you can start to gamble, this will get rid of any doubts or incoming problems that non-KYC verified accounts are facing.

I know some people will still be against KYC but how far can you run away from it? Even outside of gambling platforms, there is no popular income stream online this days that are not centralized.

Even privacy coins are facing difficulty in progressing in this centralized world, only Bitcoin maintained its decentralized feature well and thats because Bitcoin isn't a privacy coin, there would have been a problem if it was.

Say no to KYC in gambling means you choose to walk away from gambling, believe me, the few online casinos that are giving users privacy vibes will still be the ones to send them the ' we are sorry ' message, stating that they have to comply to some rules to keep their business in safer shape, be expecting this sooner.

but lets not lose chances about that having anonymous gambling experiences , but indeed this will not be coming any time now.


correct , why do they care more about these things when they are focusing in money making and not to give anything about anonymous.

Maybe because they are not so comfortable with idea that they need to provide their KYC  and they are afraid for some issues that might happen to them that's why some people choose these online casino before since they think they are safe for any uncomfortable circumstances that they don't want to get in. But now since regulation towards financial institutions tighten up including these online casino has rise then being anonymous is not likely gonna happen here. So maybe its up for them to decide if they want to continue or they value their security then leave totally since at the end their comfortability and safety is more important that anything else there.

Yes me too, everyone has different views on playing at centralized or decentralized casinos, what you say is true that the bankroll is not that much for decentralized casinos so maybe people prefer centralized casinos, actually there are a lot of user concerns from KYC issues and I supports it if it prevents money laundering, but in my opinion it would be very annoying for users who only gamble and play for tens of dollars but the centralized casino asks for KYC before making a withdrawal.

That's obviously unsettling for users, it's natural that there are users who might complain about it where centralized crypto casinos are starting to tighten up on little things like this small users have to go through KYC to withdraw or make deposits, although not all big crypto casinos do it, but obviously it will be very It's also annoying for anonymous users to gamble at centralized casinos. To be honest, so far I've had no problem playing at centralized casinos, but I heard my friend's story where he had to go through KYC just because he withdrew tens of dollars, that's not good either, even though he wasn't there. the purpose of carrying out money laundering or something like that, centralized casinos should respect the privacy of small gamblers more and not implement KYC so that there is not much anxiety that occurs.

Exactly, people or gamblers in crypto currency want a fully anonymous status in a website casino. I don't know why, but if their intention is security, then the websites are already implementing measures that will ensure your safety in a crypto casino. The sad part is that there's no such anonymous person right now in a crypto casino because they need to undergo KYC, which is required for almost all website casinos. Its purpose is to inform customers to avoid using the website casino for crimes like fraud or anything related to money. It serves as security for the customer and also for the website, as laws require them to do KYC in order to legally operate. It's hard to find a fully anonymous status in this ear in crypto casino, so better accept the situation or else don't play gambling or crypto casino at all; its your choice.

Of couse you won't see a problem when you are gambling in a reputable casino and you verify yourself with its KYC. However, if you are into gambling valuing anonymity over anything else, then it will not work with centralizd casino or best known as regulated casino because when government is in charge, we all  follow to their standard law they implement.

There's a reason for KYC, and that is to prevent crime like money laundering, but what if the government itself is the evil? If that is the case then our information are not safe anymore since they have access of our info, and could require a casino to disclose all our transactions. This came to my mind after watching series of conspiracy theory movies but I believe it's hapenning or could happen in real life

It's theoretically possible to achieve anonymous gambling in centralized crypto casino.
1.The casino must accept only privacy coins like Monero.
2.The casino must be VPN friendly and have an .onion website(accepting Tor browser users).
3.The casino shouldn't use third party game providers. It must create and host it's own gambling games.
4.No KYC(self-explanatory).
The real problem is, who would trust such crypto casino and deposit his coins there? I guess that the forum members before me, who mentioned decentralized gambling are right. The gambling games should be hosted on the blockchain, but AFAIK, the blockchains of privacy coins like Monero don't have such features.

The nature of crypto remains same as it was but since more people are using cryptos now governments and regulators drawn frameworks for operating a casino and this is why KYC is becoming mandatory on every crypto casino too but still it can give privacy not anonymity which is different from one another but we don't need to worry that much when you choose to play and get verified in a casino that took time to build it's reputation.

Most of the time you’re right but nowadays only decentralized claims an anonymous gambling while the rest of the casino that has a casino license always indicates that they will ask KYC most likely on every player without any definite time. Casino with license that claims no KYC is very shady since they will surely do this if an account potentially violates the ToS.

It’s very hard to see a real decentralized casino now because everyone is acquiring gambling license to operates legally and compete with other casino in terms of trust with players.

I think casino that doesn’t have license can promise this no KYC but it’s very hard to trust them fully.

Anonymous gambling are just a marketing tool for new casinos to draw people to fund their new operation. As soon as they received enough money from all the anonymous users, they change their policy and they start to implement full KYC requirements.

This is not a new strategy, so you will see more anonymous casinos doing the same thing when they are new.

Regulators target the big fish, not the small new startups... so they allow them to grow and when they are fat, they start to hunt them.

It's also good to expect that an account will be frozen soon if we don't follow the KYC requirements. Some casino might implement it later on when we are already winning money, but it should not surprise us at all because we are well aware of that. Awareness is really the key, we use a centralized casino, expect KYC is a basic requirement, if they don't require as early then well and good,  but if they will in the future, we should not complain as if we are not aware

Personally, I'd choose a centralized casino that I'm allowed to play with KYC or would implement in the future rather than playing with a decentralize casino that its bankroll are limited because of lack of interest from the gambling community.

This sounds like a joke to me, using crypto to gain full privacy? How is that ever going to work when the majority of those crypto coins are not baked as privacy coins? If you truly want privacy then start looking for online casinos that accept Monero (XMR), this is the only crypto project thats really privacy/anonymous baked, others aren't.

I don't believe that no gambling platforms have true anonymity, all of them are centralized businesses they can only pretend to offer decentralized operation but that's not completely true.

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I will advise fellow gamblers to stop looking for decentralized casinos online, they should be ready to pass KYC on any online casinos they want to use and they must always go through the casino's Terms and conditions, some might restrict your location and some might frown using VPN, you don't want to find this out after breaking the rules.