Do you think casinos can stop demanding KYC? - page 7.

Jawhead999

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Quote from: Mrbluntzy on May 23, 2024, 09:07:52 AM

Casinos will not stop demanding for KYC even if the government is not making it compulsory anymore. Almost every casino has KYC feature but they don't make it compulsory for their customers until the need for it arise. Even without KYC you can gamble and withdraw your money, only if you disobey any of the casinos rule they will ask you to perform the KYC.

If the government didn't make KYC verification compulsory anymore and other entities e.g. license, gambling providers, partner etc didn't demand the casino to force KYC verification, I believe the casino will stop demanding for KYC.

Asking KYC will reduce people who want to gamble, if they're free everyone will like to gamble on the casino and will make the casino earn more profit.

Quote from: Z_MBFM on May 23, 2024, 09:21:28 AM

so I don't care much about kyc documents

You can post your personal documents here since you said you don't care anymore.

Z_MBFM

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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?

There are many casino sites that do not require kyc for new users. Because they don't want to harass new users. kyc is also not mandatory in various reputable casino sites. New users are given an amount limit to gamble without kyc. But when they cross that limit kyc becomes mandatory for them. It is not a problem for regular gamblers to kyc on a particular site of their choice. because they trust the site,so they gamble there regularly. Nowadays no one considers kyc very important because the current technology is so updated that different platforms know you more than you know yourself. And sell your data to other platforms. like Facebook. so I don't care much about kyc documents

adpinbr

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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.

Mrbluntzy

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Casinos will not stop demanding for KYC even if the government is not making it compulsory anymore. Almost every casino has KYC feature but they don't make it compulsory for their customers until the need for it arise. Even without KYC you can gamble and withdraw your money, only if you disobey any of the casinos rule they will ask you to perform the KYC.

Su-asa

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Quote from: ethereumhunter on May 23, 2024, 07:31:24 AM

Quote from: harapan on May 23, 2024, 03:11:13 AM

Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Remember that it’s still this same government that have been fighting decentralized and have seized several mixers - if casinos are allowed to operate freely and money laundering is detected do you think they’ll last? Do you think the government will turn a blind eye on it?

Yeah I'm seeing a very sensible reason with what your saying, definitely the government are against decentralized currency so then what will become of the casinos I think it's same thing thats applicable to All of them,so casinos can't stop demanding KYC documents and verification because they see it as a measure of being on the safer side rather than loosing.

Nevertheless I believe KYC helps to ease every functions and risk factor to scammers and hacks so whether the government is in support or not KYC verification should be a necessity.

Casino will not stops verification for their members to watch the money flows to their site. If there's something suspicious from their members, they will directly check it and make sure that's a normal things or they needs to do further verification to knows the truth. Casino just wants to make sure their business are not a place to do money launder because they realizes that big money involved in their business so they will check everything, including asking their members to do KYC. The benefits of KYC for their member are their members can deposit to playing gambling and withdraw big money without any suspicious from the casino. But if their members doesn't wants to do KYC, they don't have to use big money and just deposit enough money to playing gambling. But many people doesn't do this as they thinks that when use big money can gives a big chance to wins but that is not right.

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.

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Quote from: harapan on May 23, 2024, 03:11:13 AM

Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Remember that it’s still this same government that have been fighting decentralized and have seized several mixers - if casinos are allowed to operate freely and money laundering is detected do you think they’ll last? Do you think the government will turn a blind eye on it?

Yeah I'm seeing a very sensible reason with what your saying, definitely the government are against decentralized currency so then what will become of the casinos I think it's same thing thats applicable to All of them,so casinos can't stop demanding KYC documents and verification because they see it as a measure of being on the safer side rather than loosing.

Nevertheless I believe KYC helps to ease every functions and risk factor to scammers and hacks so whether the government is in support or not KYC verification should be a necessity.

Instead of thinking about negative things about those KYC demanded by government to implement on the casino maybe its best to look at it on more brighter side since they are just helping those businesses to eliminate any possible fraud transactions and other illegal activities to be done on their casinos. That's why I don't question on why this requirement will be ask since its for betterment for all of the user and this is also extra layer of protection since we can verify that the account is ours especially if there's sudden hackings or any close to that issue happened on our account. For sure this KYC will continue to be ask and for sure there would be a lot more stricter implementation of the rules regarding on this conditions.

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

Quote from: Pandu Geddon on May 10, 2024, 11:26:36 PM

there is a gap left by casinos in the past that did not require KYC. and it is exploited by people today to carry out criminal acts such as money laundering.
Of course, it is also uncomfortable for the casino when their platform is used to commit crimes and if it is publicized by the government that handles certain cases, it could be bad for the casino's name.

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

yeah , there are tons of issues back in the days that gambling sites being used as medium for money laundering

Quote

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.

and that is the part that i believe they are trapping players because in withdrawal the will force you to provide KYC lol.

Quote

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.

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

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Quote from: harapan on May 23, 2024, 03:11:13 AM

Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Remember that it’s still this same government that have been fighting decentralized and have seized several mixers - if casinos are allowed to operate freely and money laundering is detected do you think they’ll last? Do you think the government will turn a blind eye on it?

Yeah I'm seeing a very sensible reason with what your saying, definitely the government are against decentralized currency so then what will become of the casinos I think it's same thing thats applicable to All of them,so casinos can't stop demanding KYC documents and verification because they see it as a measure of being on the safer side rather than loosing.

Nevertheless I believe KYC helps to ease every functions and risk factor to scammers and hacks so whether the government is in support or not KYC verification should be a necessity.

Casino will not stops verification for their members to watch the money flows to their site. If there's something suspicious from their members, they will directly check it and make sure that's a normal things or they needs to do further verification to knows the truth. Casino just wants to make sure their business are not a place to do money launder because they realizes that big money involved in their business so they will check everything, including asking their members to do KYC. The benefits of KYC for their member are their members can deposit to playing gambling and withdraw big money without any suspicious from the casino. But if their members doesn't wants to do KYC, they don't have to use big money and just deposit enough money to playing gambling. But many people doesn't do this as they thinks that when use big money can gives a big chance to wins but that is not right.

harapan

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Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Remember that it’s still this same government that have been fighting decentralized and have seized several mixers - if casinos are allowed to operate freely and money laundering is detected do you think they’ll last? Do you think the government will turn a blind eye on it?

Yeah I'm seeing a very sensible reason with what your saying, definitely the government are against decentralized currency so then what will become of the casinos I think it's same thing thats applicable to All of them,so casinos can't stop demanding KYC documents and verification because they see it as a measure of being on the safer side rather than loosing.

Nevertheless I believe KYC helps to ease every functions and risk factor to scammers and hacks so whether the government is in support or not KYC verification should be a necessity.

Roseline492

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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?

The truth is that most people tend to love Casinos that has enable KYC because it is believed that those casinos have a good security measures to keep gamblers data private unlike most of the Non KYC Casinos that allows any kind of people to open account with them without actually no the kind of person they are, though I'm not saying that all the Non KYC Casinos doesn't have a good security measures but I don't think we can compare those Non KYC to a KYC casinos in terms of users privacy.

However even if the government changed there mind to allow casinos decide if they should stop or continues the use of KYC on there platform I believe that those Casinos will still keep using KYC because is actually the best way to no there customers and also to prevent unauthorized access from a third party were as if the platform noticed a strange attempt of login from unknown source they will require facial verification to be sure if truly is the person. But however if the KYC is not enabled on a casinos they hardly dictate if is the third party or not.

Onyeeze

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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

kyc verification is very important to any platform that this with the casino sometimes to form casino platforms does not really the mind focusing on both for me it will be preferable and the understanding for we to have done our kyc verification for any platform that we are into especially casino because I understand that casino platforms uses the avenue of not being verified your account to come against their participant mostly some casino platforms that have the mindset of scamming people so we should set government aside of being verified in any platform because any casino platform how plans of what they want.

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Quote from: Pandu Geddon on May 10, 2024, 11:26:36 PM

there is a gap left by casinos in the past that did not require KYC. and it is exploited by people today to carry out criminal acts such as money laundering.
Of course, it is also uncomfortable for the casino when their platform is used to commit crimes and if it is publicized by the government that handles certain cases, it could be bad for the casino's name.

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.

DubemIfedigbo001

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Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Remember that it’s still this same government that have been fighting decentralized and have seized several mixers - if casinos are allowed to operate freely and money laundering is detected do you think they’ll last? Do you think the government will turn a blind eye on it?

Good point, I don't think government would ever seize demanding KYC from casino clients. They're against anything totally private and anonymous, so they'll almost never give their consent in favor of anonymity. They like being in control and I think KYC helps them achieve such regulations.

Even if it happens, casinos wouldn't readily stop because it kind of helps in their auditing when the time comes. Government victimizes big companies to benefit highly from them. If KYC is no more demanded by a recent government, the possibility that it will be demanded by the next one is high, so reputable casinos would always want to play safe and keep their record expecting to escape any smart move on them by the government.

Pandu Geddon

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Quote from: wxa7115 on May 10, 2024, 11:16:16 PM

It is not as if casinos right now have too much of an option, years ago it was common for many trusted casinos to not ask for KYC, unless there was some suspicious activity or you got a big win.

But governments fearing the popularity of the market of cryptocurrencies as a whole, and taking into account the rising popularity of casinos since the pandemic began, have taken the decision to be more forceful with businesses like CEXs and casinos, so now if you are not willing to identify yourself, you cannot really make use of those services anymore.

there is a gap left by casinos in the past that did not require KYC. and it is exploited by people today to carry out criminal acts such as money laundering.
Of course, it is also uncomfortable for the casino when their platform is used to commit crimes and if it is publicized by the government that handles certain cases, it could be bad for the casino's name.
So both casinos and the government ultimately have to make KYC a way to prevent bad things. KYC is not just about trust labels.

kotajikikox

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Why would casino stop asking KYC when they are mandated by government , and also why do they need to stop asking when the truth is this is one of their power against winners?
sometimes pretending that they are just preventing abusers and cheaters but even legit winners are turning to be the victim so not sure if this will ever stopped but i doubt it mate.

wxa7115

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Quote from: tread93 on May 08, 2024, 05:48:44 PM

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

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 think for any casino that wants to be free of clear of any alleged involvement with any potential criminals or money launders should definitely have a firm KYC policy and AML policy. Others who do not will pose as liability risks if a government should ever request this information from them and they don’t have it, unless it’s legal in that country and not a requirement to have such policies in place.

It is not as if casinos right now have too much of an option, years ago it was common for many trusted casinos to not ask for KYC, unless there was some suspicious activity or you got a big win.

But governments fearing the popularity of the market of cryptocurrencies as a whole, and taking into account the rising popularity of casinos since the pandemic began, have taken the decision to be more forceful with businesses like CEXs and casinos, so now if you are not willing to identify yourself, you cannot really make use of those services anymore.

tread93

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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 think for any casino that wants to be free of clear of any alleged involvement with any potential criminals or money launders should definitely have a firm KYC policy and AML policy. Others who do not will pose as liability risks if a government should ever request this information from them and they don’t have it, unless it’s legal in that country and not a requirement to have such policies in place.

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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.

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Quote from: Cantsay on May 08, 2024, 04:39:09 PM

Quote from: alastantiger on May 08, 2024, 03:30:36 PM

Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Government will always demand that casinos collect kyc from its customers. I see it as their own responsibility to protecting their citizens from fraud and to also know casino that are reputable or not. Any government that does not allow casinos to collect kyc verification from their customers is complicit in the crimes financial crimes that take place in that casino.

A casino having license does not automatically mean that they are legit -we have seen casinos that have acquired licenses and yet they carry out some shady activities. Take for example; 1xbit and 1xbet they are not just operating without licenses, they have theirs and yet that did not stop them from scamming their users.

And again, as mentioned by some users the reason for kyc is not only for user’s benefit but also to help the casino spot cases like multi-accounting and those that are in one way or another trying to abuse the casino.

True, license isnt everything or something that you could really be attached out on considering for a platform to be a legit and reputable one on which same as you had mentioned or that pointing out about 1xbit.
This do solidly shows that even if they are that licensed if they would really be tending out to scam their users then there would really be always that possibility and this is why we should really be that careful on dealing on what are the sites that we are really that dealing. As for talking about demanding KYC then there are platforms now asking for some lite KYC on which asking some basic information before you could really be able to make that registration.

EX. Stake - Before they've been just fine on making some registration but now they are asking for some verification before you could be able to make that deposit.
Roobet- Asking some lite KYC

When you are regulated casino then you would really be needing on following up some rules for you to follow on but well we do have
tons of options on which we could really be able to take.

Cantsay

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Quote from: alastantiger on May 08, 2024, 03:30:36 PM

Quote from: Cantsay on May 04, 2024, 06:27:16 PM

Do you think a time will ever come when Government will allow casinos to operate without them requesting kyc verification from their customers?

Government will always demand that casinos collect kyc from its customers. I see it as their own responsibility to protecting their citizens from fraud and to also know casino that are reputable or not. Any government that does not allow casinos to collect kyc verification from their customers is complicit in the crimes financial crimes that take place in that casino.

A casino having license does not automatically mean that they are legit -we have seen casinos that have acquired licenses and yet they carry out some shady activities. Take for example; 1xbit and 1xbet they are not just operating without licenses, they have theirs and yet that did not stop them from scamming their users.

And again, as mentioned by some users the reason for kyc is not only for user’s benefit but also to help the casino spot cases like multi-accounting and those that are in one way or another trying to abuse the casino.

Topic: Do you think casinos can stop demanding KYC? - page 7. (Read 1767 times)