I honestly think casinos and exchanges are hitting two targets with one arrow.
By setting a mandatory KYC on their platform they are following the regulations from the government as well as selling this data to other companies for money.
Governments are keeping these regulations for AML but may be exchanges and casinos are using this KYC data for their benefit as well.
We can never know the hidden truth behind this.
As long as there's no blackmail or many strangers asking you for money, I don't think your KYC is being used by other people. Because that's where your data being used and it's a sign if many people already know how to reach you. You may correct we don't know behind truth about this, but at the same time they're getting forced to ask KYC. That's why if you're want to give your KYC, make sure you're already 100% trust with the project.
Well, I don't know about casino sites but I know the fact that there are companies that sell their KYC data to others.
Other companies use this data and calls you with their advertisements. There are also websites which sells their customer data to other companies.
Other companies then show you targeted ads and promotions. Both of this can be possible by casino sites as well.
But yeah you have a point too. Only give your KYC information to platforms which you trust.
Selling of these documents is harsh truth which we need to realise and don't provide our KYC documents to any fake casino out there which could be risky and in most cases they don't call you but will use your documents for some illegal works over the dark web so we must not provide them to anyone whom we don't trust at all.
Well, seeing that all this can lead to a big problem, it is evident that people look for what is only for money, I am surprised that a person wants to risk everything by buying documents just to pass a KYC, I appreciate that it is not something very Unintelligent, because in case the casino implements quite radical security like Binance does, if you are making a transfer or even a large withdrawal, they ask you to take a picture of yourself right there as you are so they can do it. verify through their algorithms or smart technology, each platform has its methods, I would not risk it, to be honest in these cases where a lot of money is involved, I would prefer to do things well and legally.
Finding a website that is not strict with KYC isn't difficult, the one difficult is finding a reputable site that is not strict with KYC. Only a few known reputable Casino sites are remaining to be not strict with KYC and many are transitioning into KYC-compliant casinos since they are being pressured by the regulations imposed by the authority. If only Casinos can operate without this KYC stuff, they will be happy to because this KYC stuff eats money, so not implementing KYC will save them lots of money, but well, as I said, they have to comply with AML regulation.
The online casino linkage with AML regulations requires every casino user to comply with KYC, so you find other popular online casinos are not strict for KYC then the team has not released the KYC rules and the team is still working to implement KYC soon. It is suggested that the authorities should not only enforce the AML regulations in every online casino but should facilitate third parties to monitor the KYC of each user and the regulations should be strengthened to punish any casino that spreads privacy data or weak data privacy security systems.
This dfel KYC has been a very hot topic lately, not only here in Duelbits but almost in all the casinos of the forum, now that they have gotten worse with the KYC they have complained much more and it is becoming a somewhat big problem, regarding the Duelbtis I have never had a problem with them, their KYC is not so radical, I think it is normal, if we go to other casinos they have more KYC requirements, there are even some that have prohibited countries, which becomes a bigger problem, then seeing that here the KYC is not so demanding, but in cases that can turn out to be suspicious, I don't see it at all wrong, of course, I respect the decision of each player that they want to be anonymous.