Do you think casinos can stop demanding KYC? - page 6.

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Quote from: TheUltraElite on June 17, 2024, 04:42:47 AM

Quote from: salad daging on May 25, 2024, 04:19:04 PM

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It is unfair to see from the gamblers point of view but from the casino's point of view it is very much needed. This can be argued in different manners, but end of the day the gamblers will not stop gambling so they "need" the casinos to run and the casinos "need" the players money to keep itself running while keeping it safe from money laundering.
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Casinos need gamblers and gamblers cannot do anything (besides betting) if there are not casinos around. Even though at first we could see this relationship as symbiotic and well balanced, there is a third entity which is involved: regulators and the government. They do not necessarily "need" gamblers or casinos to function or comply with their basic duties, though, the tax from both the casinos and lucky gamblers certainly help to run a country.
KYC and AML were not always a thing, and the relationship worked, but it was also true organized crime had their way with money laundering, they had more liquidity. I see the KYC as a kind of referee within the gambling ecosystem, filtering out "gamblers" with bad intentions and letting alone those who just want to enjoy a service.
Though, it is completely different thing when a shady casino (which may or not lack of liquidity) abuses the referee and turns it against a legitimate gambler who just want to withdraw his money to his personal wallet.

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Quote from: salad daging on May 25, 2024, 04:19:04 PM

Every time we enter their online casino, there are terms and conditions, so it must be obeyed, if we violate the casino will take actions that do not follow the rules.

It is unfair to see from the gamblers point of view but from the casino's point of view it is very much needed. This can be argued in different manners, but end of the day the gamblers will not stop gambling so they "need" the casinos to run and the casinos "need" the players money to keep itself running while keeping it safe from money laundering.

There is always the option to jump on the next casino in line who are yet to introduce the KYC and use them for the next few months. I dont see any workaround at present. In future legal stuff will be streamlined, hopefully and we can see peaceful gambling happening (if that made sense!).

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Quote from: TheUltraElite on May 24, 2024, 10:09:51 AM

Quote from: kotajikikox on May 23, 2024, 07:51:55 AM

they are saving business but also taking advantage of the people in time of they need to take out their money .

The simple solution to that is dont play on casinos.

You want to use their service you have to follow their terms and conditions, simple as that. Or stick to gambling places that are legal in your country and dont go to online casinos.

Today the casino numbers have increased because they initially dont ask for KYC and when they do, people start moving to another casino and the previous one struggles to keep up. This has led to a toxic culture among the casinos which most of the players are unaware of.

Every time we enter their online casino, there are terms and conditions, so it must be obeyed, if we violate the casino will take actions that do not follow the rules.

In the past there may still be many casinos that do not ask for KYC but now it is almost mandatory in the sense of large withdrawals, casinos will keep an eye on such a large flow of funds fearing that it is money laundering they think even though it is not an offense but most cases of them are arrested if they do not provide KYC as requested by the casino.

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Quote from: adpinbr on May 23, 2024, 09:12:40 AM

I don’t think it will be possible for a casino to stop demanding for a kyc because of the amount of the insecurity in the world now, a lot of security should be set up to avoid so much fraudulent act in someone account to avoid issues and a lot of reports of bank issues. This is needed as much as I can imagine to know whosoever that is behind some money laundering case and stop stealing money to gamble, well sometimes some people need as much as important.

There are still a variety of non KYC requiring casinos out there. I have personally noticed that a majority of casinos that offer the non KYC requiring feature to be able to place bets and carry out gambling activities are mostly crypto currency accepting casinos. However although some still do require KYC, those that don't usually take it as a voluntary action. That is why it is important to make sure you go through the casino's terms and conditions as well as privacy just to be aware of what you are about to opt into.
I have come to notice that the reason most companies and casinos usually require KYC do it most times because of certain government policies in that region. This is because without KYC being mandatory the casino will have a larger audience or infact set of users.

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Quote from: Aniel Jay on May 25, 2024, 03:23:19 PM

Quote from: Rruchi man on May 04, 2024, 06:23:31 PM

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?

I won't encourage casino platforms to stop demanding KYC. KYC help keep users in check and also helps eliminate underage gamblers, like you said if the government should stop asking for these KYC some casinos will stop asking new users for KYC, normally most users don't like the stress of doing KYC due to the stress or having all the necessary documents.

That is not a stress at all if in the first place you already understand that KYC is already must in a regulated casino. Besides, what they are asking as just documents that asa citizen you should have, like national ID or passport, so if you trust a casino, you'll not hesitate to submit it when they ask, or best if from the very beginning so you will not longer worry in the future.

Always keep in mind that casino does not implement their own rules, they are mandated by the goverment to implement it that's why they follow, because if they don't their license are at risk of getting revoked, so you know how risky for them to violate too.

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Quote from: Rruchi man on May 04, 2024, 06:23:31 PM

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?

I won't encourage casino platforms to stop demanding KYC. KYC help keep users in check and also helps eliminate underage gamblers, like you said if the government should stop asking for these KYC some casinos will stop asking new users for KYC, normally most users don't like the stress of doing KYC due to the stress or having all the necessary documents.

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Quote from: Litzki1990 on May 24, 2024, 01:46:57 AM

All of us who are users want to use something after having their own privacy. There is no shortage of competition for online casino companies these days as there are now many casino companies worldwide. There are many casino establishments that require us to do KYC verification to continue gambling operations in the casino but there are some casinos that are giving gambling permission without KYC to attract customers. As we give utmost importance to our security, we will definitely use those casinos that do not have KYC verification. But in this case we must look at one more thing seriously that there are many casinos that can cheat the users so to avoid cheating we must conduct our gambling activities in a reliable casino.

Sooner or later casinos will require KYC in the future because of this given the regulatory rules they have in the license, now casinos are still loose for small players KYC is not required when you win big then it must pass what the casino asks for and is usually KYC verification.

Casino problems always come and go including some reputable casinos there is always the problem of users complaining but they always solve well even if there is more revelant evidence then the casino can suspend your balance.

Simply at the already popular casinos I think they will be far from being scammed, so I am now never interested in new casinos unless waiting for a lot of positive feedback to come.

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Quote from: Riginac111 on May 04, 2024, 06:26:51 PM

Quote from: Rruchi man on May 04, 2024, 06:23:31 PM

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 kyc

I thought as much because the question should have centered more on the core essence of having KYC in casino houses, knowing palpably well that kyc is a regulatory process of ascertaining the identity and other vital information of a financial user. it is not bad that casino house know their customers because it helps them to guide against money laundry. i don't think any casino can revert to non KYC just to have more customer, because i believe that every business requires trust and integrity to keep their business going, so if kyc will make them keep to that standard coupled with the government demands on KYC, i believe casino will stick to KYC.

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Quote from: TheUltraElite on May 24, 2024, 10:09:51 AM

Quote from: kotajikikox on May 23, 2024, 07:51:55 AM

they are saving business but also taking advantage of the people in time of they need to take out their money .

The simple solution to that is dont play on casinos.

A simple solution? Tell this to avid gamblers and those with a gambling addiction.

Quote from: TheUltraElite on May 24, 2024, 10:09:51 AM

You want to use their service you have to follow their terms and conditions, simple as that. Or stick to gambling places that are legal in your country and dont go to online casinos.

I personally don’t like at all that these conditions are drawn up without taking into account the interests of gamblers, but with the sole purpose of allowing casino organizers to cover their asses from the influence of regulatory authorities. And what should gamblers do who want to play in a casino, but the conditions of all casinos contradict their confidentiality (KYC)?

The advantage of online casinos is that you can play from your couch and have a low entry threshold for betting. Offline casinos will not be to your liking because of this.

Quote from: TheUltraElite on May 24, 2024, 10:09:51 AM

Today the casino numbers have increased because they initially dont ask for KYC and when they do, people start moving to another casino and the previous one struggles to keep up. This has led to a toxic culture among the casinos which most of the players are unaware of.

The surprise is that KYCs suddenly begin to be demanded (although initially this was not the case) as soon as the gambler receives a more or less impressive win. I consider this an abuse of the casino's terms and conditions.

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So anyway, I applied as a merit source :)

Quote from: kotajikikox on May 23, 2024, 07:51:55 AM

they are saving business but also taking advantage of the people in time of they need to take out their money .

The simple solution to that is dont play on casinos.

You want to use their service you have to follow their terms and conditions, simple as that. Or stick to gambling places that are legal in your country and dont go to online casinos.

Today the casino numbers have increased because they initially dont ask for KYC and when they do, people start moving to another casino and the previous one struggles to keep up. This has led to a toxic culture among the casinos which most of the players are unaware of.

Litzki1990

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All of us who are users want to use something after having their own privacy. There is no shortage of competition for online casino companies these days as there are now many casino companies worldwide. There are many casino establishments that require us to do KYC verification to continue gambling operations in the casino but there are some casinos that are giving gambling permission without KYC to attract customers. As we give utmost importance to our security, we will definitely use those casinos that do not have KYC verification. But in this case we must look at one more thing seriously that there are many casinos that can cheat the users so to avoid cheating we must conduct our gambling activities in a reliable casino.

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Quote from: Rruchi man on May 04, 2024, 06:23:31 PM

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?

Here in our country, there are other gambling casinos that legally operate gambling here, apart from land-based casinos. And our government also knows that the number of people addicted to gambling is also increasing. And most gamblers here, too, are addicted to online casinos.

And our government is also aware that many people have become addicted to gambling; even minors can gamble. That's why the government has made laws here that if a casino is illegal, our government will immediately shut it down.

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Quote from: Su-asa on May 23, 2024, 08:23:06 AM

casinos that demands for KYC are trying to do their best so that people won't use the advantage of not requesting KYC for money laundry. Every company want to keep their reputations clean that they they demands for KYC is very important to them. If any transaction is suspicious, the casino can trace it quickly. Casino know the advantage of gambling that's why they always request for it especially if the gambler want to withdraw big money for the first time.

Casino will trying to gives different experiences to their members and will gives the best services to their members. Casino knows that their members willing to stay to the casino and not moves to the other casinos even if their members must do KYC. Casino knows about gets reputations will be the way to gets trust from their members so they will not trying to do anything bad that can makes their reputations is down. Requesting KYC to their members will makes casino knows who their members and what their activities while playing gambling to their casino. When there's a suspicious activity from their members, the casino will cross check their members account and asks about the activities and if their members can proves they don't do that suspicious, casino will lets it because they knows their members and their behavior so far.

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Quote from: Cantsay on May 23, 2024, 02:34:32 PM

Quote from: Su-asa on May 23, 2024, 08:23:06 AM

casinos that demands for KYC are trying to do their best so that people won't use the advantage of not requesting KYC for money laundry. Every company want to keep their reputations clean that they they demands for KYC is very important to them. If any transaction is suspicious, the casino can trace it quickly. Casino know the advantage of gambling that's why they always request for it especially if the gambler want to withdraw big money for the first time.

As mentioned before in a different post - casino do not just request for kyc because they only want to prevent money laundering, they also use kyc to prevent cheaters from exploiting their site and abusing some bonuses that they have installed for users.

We have seen cases where some users use multiple accounts for ndbs (no deposit bonuses) and after getting some money from one of the accounts they’ll then tip their main account with what they could get from their other accounts - but with much those type of cheats can be stopped.

If we do tend to look on their terms and conditions all the time then it would really be that be mentioned about those probabilities which its true.

Here for example in Rollbit.
By accepting these Terms in registering or using the Website You acknowledge and agree that we are entitled to conduct any and all such identification, credit, fraud and other verification checks from time to time that we may require and/or may be required by applicable laws and regulations and/or by the relevant regulatory authorities for use of the Website and our Services generally. You agree that You will provide us with all information that we require in connection with such verification checks. We will be entitled to suspend or restrict Your account in any way that we deem appropriate, until such time as we have completed those verification checks to our sole satisfaction.

Source: https://rollbit.com/terms-and-conditions

Aside from legal reasons it would be also be that asked on the moment that you would really be that making those kind of cheating
activity on which making up some verification checks will really be that anticipated or expected. So its not really that just only on sole reason but rather in multiple.

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Quote from: Su-asa on May 23, 2024, 08:23:06 AM

casinos that demands for KYC are trying to do their best so that people won't use the advantage of not requesting KYC for money laundry. Every company want to keep their reputations clean that they they demands for KYC is very important to them. If any transaction is suspicious, the casino can trace it quickly. Casino know the advantage of gambling that's why they always request for it especially if the gambler want to withdraw big money for the first time.

As mentioned before in a different post - casino do not just request for kyc because they only want to prevent money laundering, they also use kyc to prevent cheaters from exploiting their site and abusing some bonuses that they have installed for users.

We have seen cases where some users use multiple accounts for ndbs (no deposit bonuses) and after getting some money from one of the accounts they’ll then tip their main account with what they could get from their other accounts - but with much those type of cheats can be stopped.

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Well the government can condition any firm they want especially when it has to do with platforms that are used for putting and removing of money and that's why they actually conditioned the crypto casino to start requesting KYC from their customers just because of the fact that their is every possiblity that these casino can be used as a means of collecting and laundering money illegally. And with this at the forefront I don't think they would ever be a time that the need for KYC verification will ever stop also this is main reasons why the government are unto mixers because they have the ability to be used to launder money without people or anyone knowing.

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They can stop but they're following a law that's above them which is the one that's in place to protect the interests of the people and mostly, of the government, I mean if there's no one that's complying with the AML policy in place, most people that are in power in the government won't have enough enough to embezzemle for their warchest that they're going to need for their next election, that's how they've been doing it all this time, they use the taxes to pocket them so they can run for office again. I don't think that they'll ever stop that KYC policy demand anytime soon, I'm pretty sure that it's never going to be really difficult for anyone to think that it's only logical to have this one in place.

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Quote from: TheUltraElite on May 23, 2024, 02:19:49 AM

Casinos play it safe, they dont want trouble from the governments and they dont want criminals to use their site as an intermediary.

So they allow people to run without KYC on signup because they want more people to get into the habit of gambling but when a certain trigger is met, the account gets flagged for KYC/AML procedures.

They are only saving their business and to keep it running they do these things. It is here to stay and it is better players get used to it.

it has become a common thing in businesses when customers are given convenience to attract their interest in using the services they provide, but when there are special requirements that need to be met by the business, then they will charge users more for them to comply. that's why it's important for users to know the regulations of the casino they use and what the kyc regulations are on that platform. don't let an incident happen when a user wins the jackpot but they are tripped up by a kyc problem and the casino alleges that the account is illegal and they have no obligation to pay the reward.

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I appreciate the initiative of the government for KYC for casinos. I don't see anything wrong, and won't suggest casinos go back to non KYC era. This serves a customer base system, any digital business or sites outside gambling that doesn't demand KYC from her customers is a SCAM. They are there to infiltrate, I know we all want privacy that the sole reason you also know the sites you register with or gamble with in areas of trust and privacy of data.
If we really understand what KYC really is, we won't be bothered or fight against this nice policy. This also stop under-age gambling and the likes, mehnn this can't be summed up.

If the casino will stop demanding or not, it there choice and Government dialogue.

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Quote from: Wakate on May 08, 2024, 04:52:58 PM

Quote from: GideonGono on May 06, 2024, 12:11:21 PM

I don't think that they could specially if they want to be legitimate or legal.
They need to know if their players aren't playing in a country that is against gambling, also to know if they aren't underage.
They need to know those info and verify it so that they wouldn't face any charges.

There are many reasons why many casino will keep asking for KYC from their users and this is not because of the reason of trying to get your information and keep it to themselves but the government can always request for our information or when it is time for us to proof that we are the owner of the account in case when things goes wrong. It is very important for us to make sure that we do the necessary things and stay safe and we are not going to have problems with the government. It is important we keep doing things that will not attract us to a KYC casino especially for those of us that don't want to share our information to online casinos.

But as time goes by casinos without KYC will become increasingly difficult to find. Government regulations continue to tighten casino operations and if casinos want to operate freely in a country then they must comply with the rules. So casinos also need income rather than trying to maintain non-KYC principles but the income is less than optimal. Finally the regulations were approved and it was proven that casino revenues were growing rapidly. Likewise Crypto Casino, so in the next 5 - 10 years somehow the fate of casinos will definitely be centered under government supervision. Regarding providing data, as long as our goal is to play and there is no intention to abuse the casino for fraud or other things, just fulfill KYC and the casino will also protect user data. So far crypto casinos are still better because as far as I know fiat casinos have used a lot of user data to spam promotions via mobile phone numbers.

Topic: Do you think casinos can stop demanding KYC? - page 6. (Read 1758 times)