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Topic: I will pass KYC later is a bad idea (Read 1740 times)

hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
November 25, 2023, 09:57:53 PM
~snip~
There's no want dare to submit KYC to unknown casino, yeah you can argue only gamble in a reputable casino, but you're forget every project was start from nothing. So imagine the casino is still nothing, there's no chance for them to growth since no one want to gamble.

It's better KYC for necessary or important conditions than asking it upon registration or before make a deposit.
I agree KYC is good for important conditions but not all casinos are the same for gambling. There are many casino sites that make kyc mandatory for scams when they take personal information so it's best to stay away from these schemes. While the risks are a little lower in good and reputable casinos, it will be easier to know a lot if you take your own precautions. If you research the site well, there will be no problem in the case of withdrawal.
When we gamble, of course we have trusted site that we really always rely on and that site is definitely one of the big sites and has a good reputation, so that the only site we need to trust in completing KYC verification.
Some other sites that are only used to try new things or just look for bonuses, it would be better to avoid them when asked to complete KYC.
There are not many cases of fraud or misuse of personal data provided by customers, but anticipating or preventing it is better thing and must be done.

Indeed, KYC is usually requested when making withdrawal, especially if the withdrawal is large amount then the team will definitely request KYC as requirement for the withdrawal.
I just don't have problem if these requirements are written in the tos because that means the casino requires KYC if needed.
sr. member
Activity: 1204
Merit: 270
Hire Bitcointalk Camp. Manager @ r7promotions.com
November 25, 2023, 07:31:24 AM
And that site assumes that those who win big are cheaters and those who withdraw huge amounts are fraud and money launderers which freezes their transaction if KYC is not made. This site should never exist because that was illegal and at the same time, they don't let someone get cash from them rather than they are the ones who milk us gamblers. I don't think they follow the guidelines about money laundering as their rules are supposedly clear to everyone that KYC is necessary for all transactions or upon registration, not only when we withdraw.
There's no want dare to submit KYC to unknown casino, yeah you can argue only gamble in a reputable casino, but you're forget every project was start from nothing. So imagine the casino is still nothing, there's no chance for them to growth since no one want to gamble.

It's better KYC for necessary or important conditions than asking it upon registration or before make a deposit.
I agree KYC is good for important conditions but not all casinos are the same for gambling. There are many casino sites that make kyc mandatory for scams when they take personal information so it's best to stay away from these schemes. While the risks are a little lower in good and reputable casinos, it will be easier to know a lot if you take your own precautions. If you research the site well, there will be no problem in the case of withdrawal.
hero member
Activity: 952
Merit: 662
November 24, 2023, 09:53:52 AM
And that site assumes that those who win big are cheaters and those who withdraw huge amounts are fraud and money launderers which freezes their transaction if KYC is not made. This site should never exist because that was illegal and at the same time, they don't let someone get cash from them rather than they are the ones who milk us gamblers. I don't think they follow the guidelines about money laundering as their rules are supposedly clear to everyone that KYC is necessary for all transactions or upon registration, not only when we withdraw.
There's no want dare to submit KYC to unknown casino, yeah you can argue only gamble in a reputable casino, but you're forget every project was start from nothing. So imagine the casino is still nothing, there's no chance for them to growth since no one want to gamble.

It's better KYC for necessary or important conditions than asking it upon registration or before make a deposit.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 24, 2023, 09:42:19 AM
Submit your identity and wait for approval, do not be in haste to make deposit first, because the identity you submitted without a green approval from the team can still be rejected, take your time to get the passed approval first before proceeding with gambling.
This is a good idea because now even if the casino is highly reputable it can make a loophole in a gambler's account and the documents you submitted, but of course, on your end, you should also make sure that all your documents are up to date and clear so they will not decline your documents.
You can carry out the verification process at a trusted casino because you won't worry about anything. The verification process is to ensure that we will not experience difficulties when we want to make a withdrawal because, usually, gamblers who have not verified their gambling account will have a problem, especially if they want to withdraw a large amount of money at once. We hope that carrying out verification can prevent us from being delayed by the casino because the casino wants to check our gambling account. But we have to make sure that we do that verification at a trusted casino.
full member
Activity: 2324
Merit: 175
November 24, 2023, 02:14:49 AM

Online casinos can be frustrating at times, some casino won't accept your submitted document even when you haven't make any deposit on the platform yet, so always confirm your identity first.
You can try a small amount, and ask for KYC I'm sure if you make a deposit the platform will agree with your request if they do not want you can choose other casinos you can play just be sure it has a good reputation.

Quote
Submit your identity and wait for approval, do not be in haste to make deposit first, because the identity you submitted without a green approval from the team can still be rejected, take your time to get the passed approval first before proceeding with gambling.
This is a good idea because now even if the casino is highly reputable it can make a loophole in a gambler's account and the documents you submitted, but of course, on your end, you should also make sure that all your documents are up to date and clear so they will not decline your documents.
sr. member
Activity: 2828
Merit: 344
win lambo...
November 24, 2023, 02:01:49 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 
And that site assumes that those who win big are cheaters and those who withdraw huge amounts are fraud and money launderers which freezes their transaction if KYC is not made. This site should never exist because that was illegal and at the same time, they don't let someone get cash from them rather than they are the ones who milk us gamblers. I don't think they follow the guidelines about money laundering as their rules are supposedly clear to everyone that KYC is necessary for all transactions or upon registration, not only when we withdraw.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 24, 2023, 01:44:49 AM
The issue with some gamblers is the assumption that, being in crypto, everything remains anonymous, allowing for privacy to be maintained. However, that's no longer the reality as adoption has increased, and regulations have become tighter. It's essential to bear in mind, especially with recent news (if you're following), that CZ, the CEO of the largest exchange Binance, was arrested and has reached a settlement with the government, agreeing to pay billions to avoid imprisonment. This highlights the seriousness of regulators, as I believe both exchanges and gambling sites are treated similarly when it comes to regulation.

It's understandable, especially for those new to crypto, to assume they would enjoy complete anonymity due to the term 'decentralized.' However, this is not the case for most casinos. The kind of games or platforms they operate is quite similar to fiat casinos, differing only in the currency used—crypto here, fiat there.

Over time, they'll come to understand the importance of KYC. If we disregard it, it means we are not eligible to gamble. So, if we still want to engage in gambling, we have to acknowledge that KYC is a necessary step and accept it before signing up.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
November 24, 2023, 01:26:11 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 
That's the rule, I mean their rule. We just have to be aware and ready for KYC submission in case they require it. Or if we want to be safe, then we try to prevent winning big money, LOL... Seriously, we should all be aware that gambling sites nowadays could implement KYC at any time since they are regulated. So, it should not surprise us anymore. We can only expect no KYC if a gambling site is a decentralized gambling site, which I think only a few of us are patronizing.

If we didn't read the TOS then provably with that we are not aware of those implementation that might occur to us so before doing anything else on a casino we should read the information posted so we will be aware about the necessary thing that might ask to us in future. And also for this new age of cryptocurrency adoption and most of the platform has been regulated we should not surprised about been ask to do KYC procedure in a casino or on any other else so that we can easily accept that we need to do that for the sake of complying the requirements and can use all the feature of the casino. If we can't afford to do this then maybe its the best time for a gambler to quit since nothing will happen to them if they insist and continue to gamble since their funds will provably lock then the casino will ask them to do that before they can withdraw their funds.

The issue with some gamblers is the assumption that, being in crypto, everything remains anonymous, allowing for privacy to be maintained. However, that's no longer the reality as adoption has increased, and regulations have become tighter. It's essential to bear in mind, especially with recent news (if you're following), that CZ, the CEO of the largest exchange Binance, was arrested and has reached a settlement with the government, agreeing to pay billions to avoid imprisonment. This highlights the seriousness of regulators, as I believe both exchanges and gambling sites are treated similarly when it comes to regulation.
sr. member
Activity: 1386
Merit: 406
November 24, 2023, 01:19:18 AM
Most gamblers are reluctant to do KYC verification in online casinos. There is one reason why gamblers do not want to do KYC verification in online casinos. Most gamblers prefer casinos that do not have any KYC verification system. In some casinos something is different, initially there is no option of KYC verification but whenever a gambler goes to withdraw his money from that casino he is asked to do KYC verification compulsorily. When a gambler is forced to do KYC verification, a gambler has no choice but to do KYC verification, when a gambler is forced to do KYC verification. Perhaps users don't want to share their personal information with those casino sites because users may be at risk if the casino ever corrupts users or gets sued in the name of the casino.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
November 23, 2023, 10:29:22 PM
It can be said that it is naive to make deposits on any central platform before verifying the possibilities of imposing identity verification procedures and completing them, even if this is not necessary upon registration. When we register for the first time, we do not know anything about the procedures in place on that platform, and therefore all precautions must be taken to ensure that no disruption occurs during withdrawal operations. In general, casinos also require a first deposit as a procedure to verify the account, so the rest of the identity verification procedures must be completed before that.
The mentality of gamblers is somewhat unique, they expressly play a game of chance expecting to win, and yet they make no preparation at all in the case they got it.

So they make a deposit at their favorite casino without thinking about what they will do in the case they finally got lucky, and once they do they struggle to pass the KYC verification as they cannot corroborate the source of their funds or prove who they are, and then they make excuses about the casino playing dirty and not allowing them to withdraw their money when they are the ones that are at fault.

But the source of funds thing is sometimes more complicated than it seems. It really depends what money you are using. If you are a normal employee and you are playing with a bigger sum of money relative to your monthly income, the casino can give you a hard time to accept the proof. They have all the leverage against the player and if they decide to make it as complicated as possible, you can quickly find yourself in a situation where it is hard to prove the source. You can say you saved up that money, but essentially that would be like the casino just asking whether you have a job or not. But it becomes tough when people are self-employed. Most casinos when they have a good reputation will just pay out the winnings unless the winnings are monstrous.
It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?




?What I think about all this is that when we are in a casino, the mentality of entering and looking for profits as we should, can no longer be done, because the first thing to do is to investigate the casino very well to see As is the issue with withdrawals, that is good to see first in the thread Ann, which is the fastest way to look for possible problems, solutions and if withdrawals with KYC are very complicated, then in view of this it can be understand that to do something like this you also have to make it clear that you have to study very well if the KYC are immediately accepted or they start to bother you a lot, if they start demanding a lot, that's already something to not make deposits, at least for now. My opinion is, because there are casinos that don't have as much trouble with that, you can do other types of things for it, so in this order of ideas the casinos should be more transparent, saying instead of "deposit" they should say, "Comply with your KYC so you can safely withdraw your money."

But I think no casino will do it, because obviously when it comes to getting more community or something they are able to sweeten everyone with their good bonuses or something like that, first of all you have to verify what really matters, which is about the money, because it is what really matters, in addition I have seen a large number of complaints made by users who are not satisfied with many casinos and their way of seeing things regarding this, that is why we will always make emphasis on looking for things as they are, apart from the fact that KYC is a process that should not exist in Crypto, and yet there are users who defend it, and I don't know why, it's time to do it, but in terms of acquiescing it, in my opinion and a very personal position I do with the casinos that I really trust, even though I know that the time will come when there will no longer be a need for this, because people will seek their privacy so much that they will stop Using the casinos.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
November 21, 2023, 04:32:41 PM

It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?

I disagree with you on this point: I do not see it as the role of any gambling platform or any other service site to verify the sources of users’ funds, and it is not equipped for this. This means that even if it was able to obtain confirmations about the source of the funds, does it have sufficient capabilities to verify this evidence? Especially since the platform's users are from different regions around the world.
It is more correct for the platform, when it doubts one of its users’ balances, to update the account holder’s non-personal data in order to hand it over to the authorities in case they ask for it one day. Or in other cases, you report these suspicions to the authorities.

I think casino has ways to verify the document submitted by their player.  If not, they hire third party services that specialized on KYC documents.  Remember,  almost everyone is just a call away.  Source of funds can easily verify through calls, a person does not need to go abroad in order to call someone.

The limits of the powers of the platform or the competent third party company must stop at the limit of verifying identification documents and not exceed it to include searching the sources of deposits, regardless of the type of suspicion.
The platform has the right to seek not to make itself a tool for money laundering, but this must be done in communication with the authorities and not unilaterally.
At the same time, tightening procedures should not be done randomly, because this will adversely affect the reputation of the platform. Instead of taking all measures to gain the trust of the authorities, the platform finds itself losing customers who are tired of repeated identity verification procedures.
True, KYC is an indicator that the online casino is legal. Why? because there is a law requiring the online casino to conduct KYC on their customers, and it's for the casino's safety and also for the customer's money. Yes,  one of the events that the government wants to avoid is money laundering. Many powerful people tend to use this kind of platform to hide their assets, which sometimes come from unknown sources and could be in illegal activities.

To be fair, it must be noted that some platforms exploit KYC enforcement procedures to hinder withdrawals, especially if they are large amounts. If the user has completed these procedures, why are they imposed on him again without clear suspicions? Also, the user does not know anything about his private data, whether the platform shares it with a third party or not. Often these additional measures are not specified in the TOS and users are later surprised that their balances have been frozen or their accounts have been completely frozen.
full member
Activity: 1484
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November 21, 2023, 02:51:37 AM

It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?

I disagree with you on this point: I do not see it as the role of any gambling platform or any other service site to verify the sources of users’ funds, and it is not equipped for this. This means that even if it was able to obtain confirmations about the source of the funds, does it have sufficient capabilities to verify this evidence? Especially since the platform's users are from different regions around the world.
It is more correct for the platform, when it doubts one of its users’ balances, to update the account holder’s non-personal data in order to hand it over to the authorities in case they ask for it one day. Or in other cases, you report these suspicions to the authorities.

I think casino has ways to verify the document submitted by their player.  If not, they hire third party services that specialized on KYC documents.  Remember,  almost everyone is just a call away.  Source of funds can easily verify through calls, a person does not need to go abroad in order to call someone.

The limits of the powers of the platform or the competent third party company must stop at the limit of verifying identification documents and not exceed it to include searching the sources of deposits, regardless of the type of suspicion.
The platform has the right to seek not to make itself a tool for money laundering, but this must be done in communication with the authorities and not unilaterally.
At the same time, tightening procedures should not be done randomly, because this will adversely affect the reputation of the platform. Instead of taking all measures to gain the trust of the authorities, the platform finds itself losing customers who are tired of repeated identity verification procedures.
True, KYC is an indicator that the online casino is legal. Why? because there is a law requiring the online casino to conduct KYC on their customers, and it's for the casino's safety and also for the customer's money. Yes,  one of the events that the government wants to avoid is money laundering. Many powerful people tend to use this kind of platform to hide their assets, which sometimes come from unknown sources and could be in illegal activities.

I don't understand those people who are hesitant to do KYC, maybe because they have been brainwashed by what they see on the internet, and that's the reason they are hesitant to do KYC. It is important for the customer of the online casino to read first, especially if the platform will require you to undergo KYC before you can withdraw your money. That is common sense; how could a platform know where they are going to send the money without the information or address of the wallet?
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
November 20, 2023, 05:18:01 PM

It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?

I disagree with you on this point: I do not see it as the role of any gambling platform or any other service site to verify the sources of users’ funds, and it is not equipped for this. This means that even if it was able to obtain confirmations about the source of the funds, does it have sufficient capabilities to verify this evidence? Especially since the platform's users are from different regions around the world.
It is more correct for the platform, when it doubts one of its users’ balances, to update the account holder’s non-personal data in order to hand it over to the authorities in case they ask for it one day. Or in other cases, you report these suspicions to the authorities.

I think casino has ways to verify the document submitted by their player.  If not, they hire third party services that specialized on KYC documents.  Remember,  almost everyone is just a call away.  Source of funds can easily verify through calls, a person does not need to go abroad in order to call someone.

The limits of the powers of the platform or the competent third party company must stop at the limit of verifying identification documents and not exceed it to include searching the sources of deposits, regardless of the type of suspicion.
The platform has the right to seek not to make itself a tool for money laundering, but this must be done in communication with the authorities and not unilaterally.
At the same time, tightening procedures should not be done randomly, because this will adversely affect the reputation of the platform. Instead of taking all measures to gain the trust of the authorities, the platform finds itself losing customers who are tired of repeated identity verification procedures.
legendary
Activity: 2982
Merit: 1153
November 20, 2023, 03:57:35 PM

It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?

I disagree with you on this point: I do not see it as the role of any gambling platform or any other service site to verify the sources of users’ funds, and it is not equipped for this. This means that even if it was able to obtain confirmations about the source of the funds, does it have sufficient capabilities to verify this evidence? Especially since the platform's users are from different regions around the world.
It is more correct for the platform, when it doubts one of its users’ balances, to update the account holder’s non-personal data in order to hand it over to the authorities in case they ask for it one day. Or in other cases, you report these suspicions to the authorities.

I think casino has ways to verify the document submitted by their player.  If not, they hire third party services that specialized on KYC documents.  Remember,  almost everyone is just a call away.  Source of funds can easily verify through calls, a person does not need to go abroad in order to call someone.

'

About KYC submission, I think a player can set it aside when he is not  yet convince to play on a casino or when he is just trying to test the service of a casino.  And when the time comes that he is ready to put large amount of funds, then I believe that that would be the time to do KYC.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
November 20, 2023, 02:46:07 PM

It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?

I disagree with you on this point: I do not see it as the role of any gambling platform or any other service site to verify the sources of users’ funds, and it is not equipped for this. This means that even if it was able to obtain confirmations about the source of the funds, does it have sufficient capabilities to verify this evidence? Especially since the platform's users are from different regions around the world.
It is more correct for the platform, when it doubts one of its users’ balances, to update the account holder’s non-personal data in order to hand it over to the authorities in case they ask for it one day. Or in other cases, you report these suspicions to the authorities.
hero member
Activity: 1344
Merit: 565
Leading Crypto Sports Betting & Casino Platform
November 20, 2023, 08:16:22 AM
It can be said that it is naive to make deposits on any central platform before verifying the possibilities of imposing identity verification procedures and completing them, even if this is not necessary upon registration. When we register for the first time, we do not know anything about the procedures in place on that platform, and therefore all precautions must be taken to ensure that no disruption occurs during withdrawal operations. In general, casinos also require a first deposit as a procedure to verify the account, so the rest of the identity verification procedures must be completed before that.
The mentality of gamblers is somewhat unique, they expressly play a game of chance expecting to win, and yet they make no preparation at all in the case they got it.

So they make a deposit at their favorite casino without thinking about what they will do in the case they finally got lucky, and once they do they struggle to pass the KYC verification as they cannot corroborate the source of their funds or prove who they are, and then they make excuses about the casino playing dirty and not allowing them to withdraw their money when they are the ones that are at fault.

But the source of funds thing is sometimes more complicated than it seems. It really depends what money you are using. If you are a normal employee and you are playing with a bigger sum of money relative to your monthly income, the casino can give you a hard time to accept the proof. They have all the leverage against the player and if they decide to make it as complicated as possible, you can quickly find yourself in a situation where it is hard to prove the source. You can say you saved up that money, but essentially that would be like the casino just asking whether you have a job or not. But it becomes tough when people are self-employed. Most casinos when they have a good reputation will just pay out the winnings unless the winnings are monstrous.
It can be tricky to follow the rules of a casino when you are self-employed and making money. Casinos are very careful because they care about their image and compliance. You need to show that you didnt get your stake from shady sources if you want to keep your job. The catch, though, is this: what if casinos took a broader view of verifying funds? Think about a situation where a player's past income, spending, and even tax returns are important. While it is intrusive, could it not make the process easier, especially for people who work for themselves? Its true that privacy issues are important, but if being open is the key to winning, might it be worth the risk? Casinos already have to balance following the rules and making sure customers are happy. Why not change the way they check people out to match the complexity of today's pay sources? At the heart of every bet is the thrill of the unknown, so shouldnt everyone have the same chance to get to the table?
hero member
Activity: 2520
Merit: 783
November 20, 2023, 07:22:50 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 
That's the rule, I mean their rule. We just have to be aware and ready for KYC submission in case they require it. Or if we want to be safe, then we try to prevent winning big money, LOL... Seriously, we should all be aware that gambling sites nowadays could implement KYC at any time since they are regulated. So, it should not surprise us anymore. We can only expect no KYC if a gambling site is a decentralized gambling site, which I think only a few of us are patronizing.

If we didn't read the TOS then provably with that we are not aware of those implementation that might occur to us so before doing anything else on a casino we should read the information posted so we will be aware about the necessary thing that might ask to us in future. And also for this new age of cryptocurrency adoption and most of the platform has been regulated we should not surprised about been ask to do KYC procedure in a casino or on any other else so that we can easily accept that we need to do that for the sake of complying the requirements and can use all the feature of the casino. If we can't afford to do this then maybe its the best time for a gambler to quit since nothing will happen to them if they insist and continue to gamble since their funds will provably lock then the casino will ask them to do that before they can withdraw their funds.
hero member
Activity: 2366
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Bitcoin = Financial freedom
November 20, 2023, 07:11:04 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 

If I am not wrong the security system of casinos will not trigger withdrawals based on the winnings of a player in most cases, it happens when user deposit and withdraw without wagering or wagering with the least risk as possible because it seems obvious that the user is not really intended for gambling but trying to deposit and withdraw which looks like laundering, in that case, further details maybe needed from the casino even if you already KYC verified there.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
November 20, 2023, 07:06:11 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 
That's the rule, I mean their rule. We just have to be aware and ready for KYC submission in case they require it. Or if we want to be safe, then we try to prevent winning big money, LOL... Seriously, we should all be aware that gambling sites nowadays could implement KYC at any time since they are regulated. So, it should not surprise us anymore. We can only expect no KYC if a gambling site is a decentralized gambling site, which I think only a few of us are patronizing.
sr. member
Activity: 1115
Merit: 253
20BET - Premium Casino & Sportsbook
November 20, 2023, 03:50:37 AM
There are some gambling sites which is not putting KYC as obligation for its users. But there have been many people were trying to play with high bet but they were unwilling to complete the KYC verification where KYC has been ordered by most of the regulators to prevent money laundering
there are for sure and i experience such websites too. The problem is, they allow you to withdraw till a limited amount. specially its okey if amount is small but when you will try to withdraw a healthy/fair amount, then authority asking for kyc as well as additional documents in some cases. Kyc won't be asked for those player whom losses a lot money but suddenly win a fair amount. But if a person continuously win big amounts, such website make kyc hard for those users. This kind of cheap trick. If they have to follow government order to prevent money laundering, then they should clearly mention about kyc process in their website 
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