FORTUNEJACK REQUIRES ID PROOF - BE AWARE BEFORE YOU WIN BIG! - page 2.

TheNewAnon135246

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Quote from: actmyname on March 02, 2020, 03:46:20 AM

Here's something interesting: if FortuneJack wanted to prevent money laundering (the "intention" of KYC terms) then why wouldn't they ask for KYC prior to a deposit as opposed to afterwards? You have two outcomes:

I'm not jumping in here to defend FJ or their ToS but asking everybody for KYC is a bad idea due to several reasons:

- A high increase of costs (hiring compliance officers, KYC officers, personel to handle GDPR requests etc.)
- They would need to (highly) improve their backend and storage capacities
- They are responsible for all personal information they store. Being a large source of KYC information could attract attackers. There are numerous examples where KYC data was stolen.
- Most of their 'customers' likely play with low volumes, making KYC/AML non-mandatory.

I do agree that they need to be more transparant about deposit limits etc., for example mention that they'll ask for KYC when the total deposited amount reaches a certain limit.

Harkorede

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Quote from: DoublerHunter on March 02, 2020, 01:22:58 PM

I understand why there are gambling platforms like this because they avoid those possible crimes on the internet like money laundering and probably will lead to hacking which is gambling si prone on that common crime. Nevertheless, if you do not agree with TOS then, do not use the site.

If that's the logic behind the their actions, then that's absolute bullshit. It doesn't make them any less susceptible to hacking or money laundering.

Are you saying those with verified IDs can't or don't engage in money laundering how you do you even determine a cryptocurrency is being laundered ? other than the amount in play ? and moreover, how come it's only when users win big on these sites they're considered to be suspected money launderers ?

The term "X reserves the rights to do Y" are often misused by gambling platfroms, If you wanted your gamblers verified, then do so at all cost before they are allowed to make any deposit/or place bets on your platform, not after they've won big you then enforce certain terms under the guise of ToS.

If they do not care about the identities of those making deposits on their platform, why then are they so worried about who they are about to pay ? That's pretty shady.

KTChampions

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Leading Crypto Sports Betting & Casino Platform

OP provided too little information, I think we need more specific details and preferably with evidence.

Quote from: actmyname on March 02, 2020, 03:46:20 AM

Just because something is "legal" does not mean it is moral.

I think it's quite devious to hide under the whole "it's in our ToS" argument, especially when you have things like maximum bet amounts for bonuses (when fucking people over wasn't good enough) and these arbitrary KYC clauses.

Here's something interesting: if FortuneJack wanted to prevent money laundering (the "intention" of KYC terms) then why wouldn't they ask for KYC prior to a deposit as opposed to afterwards? You have two outcomes:

Outcome 1: The gambler loses all their funds. At this point, FJ doesn't give a shit if it's laundered or not.
Outcome 2: The gambler doesn't lose all their funds. Perhaps they win some. FJ suddenly cares if it's laundered or not.

It's dishonest behavior.

I am always angry with this algorithm: accept money without problems and questions, but return it with a huge number of conditions and rules. And this applies not only to gambling firms, but also to currency brokers, exchanges, banks, etc.

DoublerHunter

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These problems eventually happen because the gambler did not read first the FAQ, TOS, and even privacy-policy on the platform.
FortuneJack stated on their https://fortunejack.com/faq/privacy-policy.

Quote

"By accepting this Privacy Policy you agree that you understand and accept the use of your personal information as set out in this policy. If you do not agree with the terms of this Privacy Policy please do not use the Website or otherwise provide us with your personal information."

^ I understand why there are gambling platforms like this because they avoid those possible crimes on the internet like money laundering and probably will lead to hacking which is gambling si prone on that common crime. Nevertheless, if you do not agree with TOS then, do not use the site.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

I have always found asking for ID when needed as a good requirement for the casinos themselves. I can understand why the gamblers wouldn't want to share but at the same time these places are dealing with scammers, hackers, maybe even terrorists deposit there to make their money go away and then gamble once or twice and then ask for it back in withdrawal as well to make it look like there was a mixer in the middle.

I am not saying you are like that, there must be a lot of people who have no problem at all that gets asked in between as well but if it means they catch the bad guys while giving good guys some annoyance, I feel like that worths the trouble it brings as well.

TheAndy500

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Quote from: actmyname on March 02, 2020, 03:46:20 AM

Quote from: Haunebu on March 02, 2020, 03:36:55 AM

Also, it is a known fact that almost all casino sites reserve the right to ask for KYC under suspicious conditions which is a rule hidden in their T&C which is why I am not completely convinced that they are at fault here. You need to prove your legitimacy op.

Just because something is "legal" does not mean it is moral.

I think it's quite devious to hide under the whole "it's in our ToS" argument, especially when you have things like maximum bet amounts for bonuses (when fucking people over wasn't good enough) and these arbitrary KYC clauses.

Here's something interesting: if FortuneJack wanted to prevent money laundering (the "intention" of KYC terms) then why wouldn't they ask for KYC prior to a deposit as opposed to afterwards? You have two outcomes:

Outcome 1: The gambler loses all their funds. At this point, FJ doesn't give a shit if it's laundered or not.
Outcome 2: The gambler doesn't lose all their funds. Perhaps they win some. FJ suddenly cares if it's laundered or not.

It's dishonest behavior.

This is exactly the way it is. I guess no one doubts that pretending to be anonymous is just to attract players. It's best to pretend we don't require verification. When a player loses, everything is great. When he wins and wants to withdraw - please verify due to hidden conditions. Who will benefit from the player not wanting to send documents? Only gambling service! Easy money..

savetheFORUM

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Quote from: actmyname on March 02, 2020, 03:46:20 AM

Quote from: Haunebu on March 02, 2020, 03:36:55 AM

Also, it is a known fact that almost all casino sites reserve the right to ask for KYC under suspicious conditions which is a rule hidden in their T&C which is why I am not completely convinced that they are at fault here. You need to prove your legitimacy op.

Just because something is "legal" does not mean it is moral.

I think it's quite devious to hide under the whole "it's in our ToS" argument, especially when you have things like maximum bet amounts for bonuses (when fucking people over wasn't good enough) and these arbitrary KYC clauses.

Here's something interesting: if FortuneJack wanted to prevent money laundering (the "intention" of KYC terms) then why wouldn't they ask for KYC prior to a deposit as opposed to afterwards? You have two outcomes:

Outcome 1: The gambler loses all their funds. At this point, FJ doesn't give a shit if it's laundered or not.
Outcome 2: The gambler doesn't lose all their funds. Perhaps they win some. FJ suddenly cares if it's laundered or not.

It's dishonest behavior.

This is what I wanted to say since long time but thankfully you phrased it better, so I believe this is good enough to get them a negative feedback at least until they pay the gambler and take a strict stance whether they NEED PROOF or NOT? Because taking id when gambler wins seems very fishy to me.

Quote from: Haunebu on March 02, 2020, 03:36:55 AM

Hmm. I have heard of many FortuneJack related issues in recent times which is why them asking for ID proof in such a manner does not surprise me. However, I would like to know how much were you trying to withdraw?

Also, it is a known fact that almost all casino sites reserve the right to ask for KYC under suspicious conditions which is a rule hidden in their T&C which is why I am not completely convinced that they are at fault here. You need to prove your legitimacy op.

Wasn't me but I could not see someone being scammed for 5 bitcoins and hence stood up, but don't you dare to do so they have hired LAUDA to red paint anyone who speaks up so please be careful if you say anything against them.

here is the thread- https://bitcointalksearch.org/topic/fortunejack-refusing-to-pay-5-btc-stay-far-away-5227531

actmyname

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Spear the bees

Quote from: Haunebu on March 02, 2020, 03:36:55 AM

Also, it is a known fact that almost all casino sites reserve the right to ask for KYC under suspicious conditions which is a rule hidden in their T&C which is why I am not completely convinced that they are at fault here. You need to prove your legitimacy op.

Just because something is "legal" does not mean it is moral.

I think it's quite devious to hide under the whole "it's in our ToS" argument, especially when you have things like maximum bet amounts for bonuses (when fucking people over wasn't good enough) and these arbitrary KYC clauses.

Here's something interesting: if FortuneJack wanted to prevent money laundering (the "intention" of KYC terms) then why wouldn't they ask for KYC prior to a deposit as opposed to afterwards? You have two outcomes:

Outcome 1: The gambler loses all their funds. At this point, FJ doesn't give a shit if it's laundered or not.
Outcome 2: The gambler doesn't lose all their funds. Perhaps they win some. FJ suddenly cares if it's laundered or not.

It's dishonest behavior.

Haunebu

hero member

Activity: 3080

Merit: 970

www.Crypto.Games: Multiple coins, multiple games

Hmm. I have heard of many FortuneJack related issues in recent times which is why them asking for ID proof in such a manner does not surprise me. However, I would like to know how much were you trying to withdraw?

Also, it is a known fact that almost all casino sites reserve the right to ask for KYC under suspicious conditions which is a rule hidden in their T&C which is why I am not completely convinced that they are at fault here. You need to prove your legitimacy op.

savetheFORUM

full member

Activity: 1050

Merit: 140

Please note Fortunejack asks for ID proofs and find ways to eat your winnings so please use other casinos or at least dont win big on fortunejack ..

Topic: FORTUNEJACK REQUIRES ID PROOF - BE AWARE BEFORE YOU WIN BIG! - page 2. (Read 344 times)