Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
You are right it is the government that forced the casinos to start making KYC mandatory and it is not limited to casinos, even exchanges are also among the primary targets of government in terms of making KYC compulsory. I think government do this to ensure they monitor the flow of funds in a bid to ensuring that these businesses are not used for illegal money movement. There is no way that regulated casinos will stop demanding KYC because it is part of the process required for their licensing. There are actually offshore casinos, maybe those will ease the KYC process but then there is the risk on the customers. 
Topic: Do you think casinos can stop demanding KYC? - page 12. (Read 1758 times)
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Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?
As the time will go there will be more regulation for crypto and casinos will follow it too. The KYC is not just important for Government, it's important for the Casino itself too to detect cheaters, at-least they can ban an abuser. 
Thats unlikely to happen or I can say its impossible, in fact these KYC rules will become even stricter than before.
Even the centralized casinos can still ask their players to do KYC when necessary, only illegal casinos are dare to declare that there will be no KYC on their platforms.
Because it doesn't make sense for them to ask for KYC when they are not legal. If we comply on their demand, we are just putting ourselves in danger as that might leak out and we will face a problem like identity theft. Illegal casinos should be viewed as decentralized casino, no need to ask for information except email to log in, verify, or recover our account. Even the centralized casinos can still ask their players to do KYC when necessary, only illegal casinos are dare to declare that there will be no KYC on their platforms.
Casinos actually dont want to implement these KYC policies, especially for new casinos.
Many gamblers dont want to play at new casinos because they have to do KYC again and again.
They can't say "no KYC" or will not implement it since they have a license and they are pretty much aware that if they will violate the guidelines of their license, they will loss it through revocation of license. Many gamblers dont want to play at new casinos because they have to do KYC again and again.
What happens is that when centralized gambling platform requires for kyc this is another means to keep track of every single record of financial dealing it could be that money was stolen from a wallet to their gambling site where it would put the gambling platform at higher risk of closure if the authority knows that the money was moved to that platform and there isn't any track records whom is in posseson that money then they have the gambling site to be held responsible. That is why it's always included in their terms of AML and gambler must abide to it before they proceed with their registrations, so for casinos to stop demanding for kyc then would have to migrate and integrate to web3 gambling platform.
Unfortunately, KYC is here to stay. You can take your chances with non kyc non licensed casinos, but you are risking everything you deposit by doing so. There is no regulatory body to force them to pay customers.
While I am not a fan of Kyc, there is really no other route. I'd just like to see it be a little less invasive.
While I am not a fan of Kyc, there is really no other route. I'd just like to see it be a little less invasive.
Until a new, less invasive way of verifying the legal age of the users, for example, is invented, I don't think much more can be done. Nobody likes to give away all their personal data, and Identity Cards give much more data than needed, not to talk about biometric data of selfies or whatever. If these data are leaked or misused by the casino, or a hacker stoles them, users are exposed to serious risks.
It would be great if somebody invented a way so by signing messages or whatever casinos, exchanges etc. could verify that you meet all the criteria without having to share with them all our personal data.
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
First, let me say that you should perish the thought that the government will stop the KYC, they can't, and the reason is simple, crimes will never stop in the world, and since the government can't trust everybody, they would want us all to be accountable, even the companies they are dealing with in their jurisdictions. The KYC is a necessity these days, though it is not 100% efficient, but I must say that it has helped a lot. But should in case the government stop the KYC on its end, I tell you that most casinos would do the same. But those are the genuine casinos that would not want to burden their customers. But for those with ulterior motives, you should expect them to ask you for the KYC or even worse.Many of them are doing that to find excuses to steal/confiscate the money of their customers. They are not asking it to truly protect the interest of the government or the world but their selfish pockets. Even as you see many of them today quoting the IPs, the use of the VPN and KYC as excuses, most of them are not sincere about it but extracting that from the law and their Ts&Cs to swindle or try to swindle the voiceless customers.
kyc has become a basic rule for a casino to be able to operate with government regulations. this is something that casinos need to fulfill to verify users and account for this to the government in order to avoid crimes such as fraud, money laundering, etc. when a casino operates by not imposing kyc on their users, then the casino is most likely not regulated by the government and it is an illegal platform according to the government. it is very likely that all user activities on these platforms will be vulnerable, since they are not regulated and at any time they can close their services. this is what makes many gamblers prefer to play on regulated casino platforms, even though the platform imposes kyc on them, but that is not a big enough problem for the majority of gamblers.
Thats unlikely to happen or I can say its impossible, in fact these KYC rules will become even stricter than before.
Even the centralized casinos can still ask their players to do KYC when necessary, only illegal casinos are dare to declare that there will be no KYC on their platforms.
Casinos actually dont want to implement these KYC policies, especially for new casinos.
Many gamblers dont want to play at new casinos because they have to do KYC again and again.
Even the centralized casinos can still ask their players to do KYC when necessary, only illegal casinos are dare to declare that there will be no KYC on their platforms.
Casinos actually dont want to implement these KYC policies, especially for new casinos.
Many gamblers dont want to play at new casinos because they have to do KYC again and again.
What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
Like many other forum members I think there is no going back as well, casinos that have introduced mandatory KYC will continue down that path. The good thing is that there are still casinos without this requirement so we can still play in many casinos that don't have mandatory KYC. So the question is which is the next big crypto casino to introduce mandatory KYC... the bigger the casino is with more players from all over the world, the more obligations they have to different countries.
I doubt we will ever see a casino that is totally KYC-free again. Maybe that's the case with some casinos that only accept Monero or another coin, but as far as Bitcoin is concerned, almost every casino is regulated by a license and that means they have to abide by certain rules or they can suffer the consequences.
Do you think casinos can stop demanding KYC?
No! I do not think so and I can't even imagine casinos not requesting KYC because it's more like a standard now. The government introduced them to it or should I say force them into it and now they are fascinated by KYC, as criminals can easily be phished out through their identities in thr casinos. Money laundering is a most effective reason for it so since they have to keep protecting their interest in order keep operating.
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
You have already stated in your post why casinos wouldn't want to revert to the non KYC policy because they have seen thst it the KYC has done a whole lot of good than harm to them and it ahs aswell help them curb the chances of using their platforms for illicit activities that could implicate them in the nearest future of which it will cost them much more than they would benefit from such customers, most likely the government will not stop such policy because they are aware how many launders and others took advantage of the times the policy wasn't in place to perpetrate so many activities which cost both the government and the casinos some funds and reputation.Staying anonymous while gambling is actually fun but for the reason of crime I think it's actually very good that these casinos continue with the KYC policy which will help them aswell save their reputation and Also save their potential customers who could fa victim of these fraudulent customers who are going to stay anonymous and use the platform to get from others.
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
For sure all online casino want to implement a No KYC procedure since for doing that they can attract a lot of gamblers that participate on their casino. But unfortunately some people demand it since if they didn't try to comply with legal matters and get a license then there will be some accusation will be build that they are running a illegal casino or they might turn as scam in future that's why some of legitimate casino comply to what people like and they get a license to prove that their business is legit. Also sometimes government pressure make them decide to ask this since if they didn't require this then provably that they would get an issue to government and to avoid getting pressured by government then again they force to get this so that they can run a smooth operation without getting bothered by some abusive officials. Its really nice to have No KYC casino but to many factors are stopping this to happen.
Don't buy the government's story! KYC wasn't some altruistic move. Casinos loved anonymity just as much as gamblers did. It kept the high rollers happy and the money flowing freely. But someone higher up got spooked. They saw all that untraceable cash and thought, "hey, that's OUR tax revenue disappearing!" Suddenly, KYC became the golden rule. Coincidence? You decide.
They scrambled to put KYC in place, not because they care about you, or to fight the financing of terrorism, or some other crap like that, but because they want their share.
They scrambled to put KYC in place, not because they care about you, or to fight the financing of terrorism, or some other crap like that, but because they want their share.
On average, KYC is implemented because it has become one of the requirements that must be fulfilled because gambling sites use license to operate, obviously this will continue forever.
Moreover, KYC verification also provides many benefits for gambling industry business and I sure that even if the license or government removes the policy for KYC, gambling sites will still use it.
Just imagine if there was an act of laundering large amounts of money and the case was uncovered until the perpetrators were caught and admitted to laundering the money and even named the site they were using, then that site would definitely be involved in the case.
This can cause the gambling site to stop operating or even close and of course if this happens it will result in major losses for the owner or investors in the site.
It is important to remember that every gambling site will always maintain the security and continuity of business operations that have been built, especially as this is business that really generates large amounts of profit.
Moreover, KYC verification also provides many benefits for gambling industry business and I sure that even if the license or government removes the policy for KYC, gambling sites will still use it.
Just imagine if there was an act of laundering large amounts of money and the case was uncovered until the perpetrators were caught and admitted to laundering the money and even named the site they were using, then that site would definitely be involved in the case.
This can cause the gambling site to stop operating or even close and of course if this happens it will result in major losses for the owner or investors in the site.
It is important to remember that every gambling site will always maintain the security and continuity of business operations that have been built, especially as this is business that really generates large amounts of profit.
Yes, online casinos can stop asking for KYC someday, only if they are tired of running the business, all online casinos won't be able to run, this is the only solution to stop KYC requirements.
No KYC requirement? No more online gambling, it is this simple.
What do you think? Even the great freebitco is now asking for KYC, it was shocking to many people excluding me, I just can't stop laughing about it, in the past people used to show off freebitco as the longest running betting platform with faucet that never put the verification as a necessity on their users.
This is not the case today, and so shall it be for those new online casinos that are using no KYC to attract gamblers who think that no KYC should be a norm, you ain't see nothing yet.
No KYC requirement? No more online gambling, it is this simple.
What do you think? Even the great freebitco is now asking for KYC, it was shocking to many people excluding me, I just can't stop laughing about it, in the past people used to show off freebitco as the longest running betting platform with faucet that never put the verification as a necessity on their users.
This is not the case today, and so shall it be for those new online casinos that are using no KYC to attract gamblers who think that no KYC should be a norm, you ain't see nothing yet.
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
The governments no longer requiring KYC? Is this a joke? I'm sure that the governments will start requiring KYC from the users of cold wallets at some point. Of course that the casinos will go back to non-KYC, if there was a real possibility for this to happen. All gamblers hate KYC.
It's not just the gamblers. All people hate submitting their sensitive data to websites and services, that can be hacked. Maybe some casinos would keep the KYC procedures as an excuse to block the funds of certain gamblers. We've been there and we know about those shady practices. KYC verification is here to stay and soon it might become mandatory to verify your identity in order to use the internet.
This is unlikely to happen.
There are bad people among us who use mixers, casino wallets and exchanges to attempt to stop the tracing of their stolen funds and move to accessible places. Unfortunately the casino in turn has to answer to the authorities for this and thus they have to take these steps of forcing KYC on flagged accounts.
We might find it as something of a bore, but for them it is a protection for their business.
Hence in all probability these constraints will more likely increase, not decrease in future.
There are bad people among us who use mixers, casino wallets and exchanges to attempt to stop the tracing of their stolen funds and move to accessible places. Unfortunately the casino in turn has to answer to the authorities for this and thus they have to take these steps of forcing KYC on flagged accounts.
We might find it as something of a bore, but for them it is a protection for their business.
Hence in all probability these constraints will more likely increase, not decrease in future.
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
the objective of kyc is not for government is to be assure of the particular account so that they will not be commitment of any site fraud with the such a particular account government cannot demand for kyc verification of any account it is that particular platform that will demand for it because they know actually what is their target and there are selective to know people who want to patronize them I think about it should be the essence of having a KYCWhat are you saying? Who gave the online casino the go-ahead to operate? Isn't it the government? Who is regulating this online casino? Isn't it the government? Why do you think that these online casinos are asking for KYC? It is what the government ordered them to do.
They are doing this because there might come a time when an investigation needs to be carried out, and if all members already submit their information they will be able to do their investigation on each member using the casino, there will be no room for illegal funding and embezzlement of funds and other criminal activities.
Terrorism is a disease, drugs hurt society, and these are wars that the government has to fight, I don't blame them for monitoring humans, there are many bad eggs among the good ones even while the government rules, there are still many illegal activities, let them do their thing, they are just trying to protect their people.
Unfortunately, KYC is here to stay. You can take your chances with non kyc non licensed casinos, but you are risking everything you deposit by doing so. There is no regulatory body to force them to pay customers.
While I am not a fan of Kyc, there is really no other route. I'd just like to see it be a little less invasive.
While I am not a fan of Kyc, there is really no other route. I'd just like to see it be a little less invasive.
It is a sad reality, but without KYC, an online casino cannot operate anymore. KYC is part of the regulations for a casino because we know how online casinos are being used for bad deeds or malicious intents. That's why, as part of the security of the casino and its customers, they need to know their customers. That's why, as part of the security of the casino and its customers, they need to know their customers so that it will be more tight and strict when it comes to approving those customers. So either you will comply or you will not use the casino, and if you want a casino without KYC, then good luck because there are only a few of them. And for your security, I suggest that it's better to comply than to risk your funds in a casino without security for their customers, so we need to accept the use of KYC.
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