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Topic: Information of Crypto Casinos License and KYC requirements - page 5. (Read 4434 times)

legendary
Activity: 1638
Merit: 1036
6.25 ---> 3.125
This is a fantastic post and will be merited once I have some more sMerit available! It is very surprising to see that there are so little platforms left that are allowing players to play without KYC. I suppose this comes with gaining a casino license.

Great table.

I would personally like to see another column with a "worst case scenario" for each casino. E.g. if you fail to identify yourself, what would happen? Do they seize your funds, refund you the whole amount & close your account, or refund your deposit only?

May be a bit hard to find that info, perhaps look at T&Cs?

The T&C's would probably always return that the casino will confiscate funds in the worst case scenario. It is probably worth verifying that across all T&C's for each one and adding this information though.

To accurately know the worst case scenario how you have described though, would only be from experience of multiple users. Consistent results would give a somewhat definitive answer. Inconsistent results would give you a worst case but would require more information as to why it varied. I could elaborate on the process but to cut a long post short - it would require an almost impossible amount of time and manpower to be able to do this for every casino and to post accurate information/keep the information accurate.
legendary
Activity: 1750
Merit: 1363
www.btcgosu.com
@Mahdirakib

Said it before, that`s a great source of information you have created here Smiley

If you would be available (and interested) in helping me out with updating licensing/KYC information for BTCGOSU listed operators, please send me an email. It`s admin and our domain name. Wink

More than 100 operators are listed and we need to go through them all and see if the information is accurate - as accurate as possible since the whole KYC subject is, of course, a mess, and will keep being a mess until crypto gambling may be regulated sometime in the far future. Wink
hero member
Activity: 1470
Merit: 521
Leading Crypto Sports Betting & Casino Platform
It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.
Casinos are a business with money circulation and profits that can be said to be huge so that the government will do anything to be able to take advantage of casinos as a source of state revenue.
After all, every casino will pay any taxes as long as the government grants a license to carry on a gambling business.
But it is true what you say that the taxes provided by the government are usually not met by small casinos because of the limited profits that are few.
Maybe the government can ask for taxes by sharing a percentage of profits so that each casino can easily manage its finances and continue to operate.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
~snip~
It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.
Casinos are government Monopoly tokens. Changes in government policy are like playing chess with a bird. Despite your skill, the pigeon will ruin your game by playing like a pro.

However, gamblers rule the government. They want to control everything, including money. The tragedy? Small businesses suffer. They're minnows in a sea of bureaucracy, and the government eats money.

Forget the setback and celebrate this tremendous victory! Our government keeps surprising us, right? We'll persevere. We'll play for fun, right?
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
Great table.

I would personally like to see another column with a "worst case scenario" for each casino. E.g. if you fail to identify yourself, what would happen? Do they seize your funds, refund you the whole amount & close your account, or refund your deposit only?

May be a bit hard to find that info, perhaps look at T&Cs?

Interesting suggestion
It makes me think on how difficult it is to find jurisprudence and track history of known issues with some online websites

Something like a brazilian “reclame aqui” for crypto

Has anyone seen that until this day?
hero member
Activity: 1202
Merit: 545
~snip~
Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.

They say the house never loses. In a few countries, that house happens to be the government. Bingo - when it's lotteries and horse racing, the authorities are often the top gamblers. But don't let that dissuade you. If the government can profit from betting, why not you?

Of course, cryptocurrencies add complexity. Monitoring winners and losers among countless transactions is a challenge. But isn't that the excitement? In the end, whether to legalize gambling is a matter of opinion. As for yours truly, I say take a chance and see where it leads. Who knows - you could hit the mother lode!
legendary
Activity: 2464
Merit: 1145
FOCUS
Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.
In any casino that is regulated, they must always give answers or give explanations to the governments, because otherwise they would be left without their licenses, they would not be left alone, I lived in a country where casinos and betting games were not legal, for 20 years they were suspended only because the government was dictatorial, the one that exists now is dictatorial but accepts the casinos, but they have to pay them very well, it is the only way they can operate, otherwise it is illegal and they can go to jail, it's hard.
It's understandable that the government should tax those casinos but I believe a government that is dictatorial that change it's mind to legalized gambling again will ask for a hefty tax to them. These will leave smaller casino not to operate in that country given that most of their profit will only go to the government which big casino can prosper given that they don't have much competition in that market in that country. Casinos will just comply to that certain country requirements just to operate, if not I'm sure the operators will surely be put in jail especially that your country is dictatorial.
sr. member
Activity: 910
Merit: 290
Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying.
In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.
That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.

Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.



In any casino that is regulated, they must always give answers or give explanations to the governments, because otherwise they would be left without their licenses, they would not be left alone, I lived in a country where casinos and betting games were not legal, for 20 years they were suspended only because the government was dictatorial, the one that exists now is dictatorial but accepts the casinos, but they have to pay them very well, it is the only way they can operate, otherwise it is illegal and they can go to jail, it's hard.
legendary
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying.
In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.
That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.

Actually there are instances authorities or state is supporting gambling activities; lotteries and horse racing are to name a few. What makes them legal in countries gambling is prohibited, is simply taxation. In my country, lottery operators are under government by means of registration. In such way, casinos or gambling platforms are being considered. But in this industry wherein transactions occur in chains and with anonymity,  it would be hard to imply such system. It is not the blame which makes the legalization a big deal but the social norm in accordance with the bible and also the manner of taxation given how it contributes to a country's economy. Therefore, there's an excemption in some cases.
hero member
Activity: 1386
Merit: 504
Leading Crypto Sports Betting & Casino Platform
As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP.
<...>

Totally feel you, Crypt0Gore. Dealing with online casinos asking for KYC verification can be a pain in the butt. But this thread has some seriously helpful info. And it's pretty cool that the OP still updates it regularly even after a whole year! Gotta love forum members who go the extra mile to help others out.

This thread really helps other people and especially new users visiting this forum to find the casino they want and definitely without KYC requirements.
I think Op is a creative person on this forum willing to spend his time helping others make it easier to find casino information and this thread deserves an award.
Good job Op keep updating what should be updated and you are a great person Op.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
BitKong has been operating for 7+ years, the fact it has no license makes it less trustable?!
The reputation of a casino is more worthy than the license of the casino. But the gamblers search for the license of a casino now when a new casino arrives in the gambling world. There are few more old casinos running with their reputation without having the gambling license (Bitvest, Bustabit, Bustadice). The license will only cost a few thousand dollars while their reputation is worth than hundred thousand dollars. BitKong is trustable than a new licensed casino which has no reputation.
The license is used by the casino to get permission to operate with certain authorities and keep the casino from having problems with countries that prohibit gambling, but with a casino using a license it will ask KYC for gamblers who register.
In the gambling industry, licenses are now one of the virtues that casinos must have.
Many casinos are new to their license but don't have a good reputation yet, naturally they are still new to the gambling industry so they don't have a good reputation yet.
Regarding the old casino with a good reputation but don't have the license you are talking about, I know it, but for me the license is no less important to prioritize if you want to use the casino.

I have seen many people who, when a casino does not have licenses, the first thing they do is criticize them until I make them have them, but the licenses also mean that casinos can still turn to the bad side and can create a big scam, I don't know They have realized that the casinos that have all the licenses, that require kyc, then this does not guarantee that it protects the players, I have always said that the casinos that are older and that have a good reputation is another case, they already have a seniority and a trust earned, in my case those are the casinos that I trust the most.
hero member
Activity: 1428
Merit: 931
🇺🇦 Glory to Ukraine!
As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP.
<...>

Totally feel you, Crypt0Gore. Dealing with online casinos asking for KYC verification can be a pain in the butt. But this thread has some seriously helpful info. And it's pretty cool that the OP still updates it regularly even after a whole year! Gotta love forum members who go the extra mile to help others out.
sr. member
Activity: 812
Merit: 260
As expected, I am just stumbling on this wonderful thread, what well-detailed information, I never knew this is available on this forum, bravo to you OP. This will safe many gamblers from unexpected requirements of KYC verification, many people are complaining about the sudden requirement and so many have misunderstood this and called online casinos a scam for asking for KYC verification after they win some money on the platform. I somehow wished that this thread can be pinned on the very first page of this gambling section. I don't think it will be possible, but if it is, this will safe a lot of time for new gamblers coming on here.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Well, in my opinion, KYC should be mandatory for all casinos due to the reasons shared in your post and other reasons.
However, it increases the chances of credible players and helps prevent abuse, such as hacking or any unauthorized bluff playing and cheating.
Therefore, all casinos must implement KYC for the sake of the presentation of the casino's reputation and players.



I understand that casinos need the kyc so that they can be well and in accordance with the laws, but of course things can happen in different ways, because we remember that when playing with cryptocurrencies things change, some know that kyc should not be requested, since the crypto were created precisely to escape the oppressed yoke of the traditional system where Identification is needed for everything, then some are bothered by that, of course one as a player makes exceptions with the casinos that are our Favorites and it is done, but not all have the same thought.
sr. member
Activity: 910
Merit: 290
Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying.
In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.
That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.

The authorities and everything that has to do with it will never support the casinos, because they do not receive money, everything is for the house and for the owner, the way they can control and receive some money is by demanding licenses and data to be able to start pressing, I think that things that are games of chance, sports betting are considered bad by many, and not as a Style of entertainment,everyone blames the casinos for addictions, but the culprits are not the casinos, They are the same people who do not control themselves.
hero member
Activity: 1260
Merit: 503
Leading Crypto Sports Betting & Casino Platform
BitKong has been operating for 7+ years, the fact it has no license makes it less trustable?!
The reputation of a casino is more worthy than the license of the casino. But the gamblers search for the license of a casino now when a new casino arrives in the gambling world. There are few more old casinos running with their reputation without having the gambling license (Bitvest, Bustabit, Bustadice). The license will only cost a few thousand dollars while their reputation is worth than hundred thousand dollars. BitKong is trustable than a new licensed casino which has no reputation.
The license is used by the casino to get permission to operate with certain authorities and keep the casino from having problems with countries that prohibit gambling, but with a casino using a license it will ask KYC for gamblers who register.
In the gambling industry, licenses are now one of the virtues that casinos must have.
Many casinos are new to their license but don't have a good reputation yet, naturally they are still new to the gambling industry so they don't have a good reputation yet.
Regarding the old casino with a good reputation but don't have the license you are talking about, I know it, but for me the license is no less important to prioritize if you want to use the casino.
hero member
Activity: 1610
Merit: 879
#SWGT CERTIK Audited
Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying.
In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.
That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?

License, as I understand, is more to do with law requirements, than with behavior of the licensed casino. Gambling is either banned or toughly restricted in most of the world, so it's really a trouble for such business owners to legalise the income from this, so that the little amount of places whose authorities are allowed to license casinos are in a huge favour of casino owners. So control functions of licensing authorities are a bit limited under such circumstances.
legendary
Activity: 2856
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
Almost every casino here has a gaming license in Curacao or data processing license in Costa Rica. These licenses don't mean anything since anyone here without a criminal record can get a license in Curacao for under $20k USD within 6 weeks and less in Costa Rica.

The only reason the casinos ask for KYC is a way of not paying.
In Curacao all the casinos work under a sub-license under one of the four master licenses. In the UK and US, licensing is strict. It's not that way for bitcoin casinos.
That sounds like a conspiracy theory and only applies to scamming casinos. Real reason with legit casinos is that they are complying with AML laws. They are checking every account they are suspecting og faul play and are required by law to freeze their accounts and contact officials.

And if they want to handle fiat money in the future and be operational it would be foolish from them not to complain with AML laws, because why would they risk their existence and wouldn't do that?
hero member
Activity: 1610
Merit: 879
#SWGT CERTIK Audited
*have (plural)
Although it doesn't matter a lot, but I have fixed it Wink

BitKong has been operating for 7+ years, the fact it has no license makes it less trustable?!
The reputation of a casino is more worthy than the license of the casino. But the gamblers search for the license of a casino now when a new casino arrives in the gambling world. There are few more old casinos running with their reputation without having the gambling license (Bitvest, Bustabit, Bustadice). The license will only cost a few thousand dollars while their reputation is worth than hundred thousand dollars. BitKong is trustable than a new licensed casino which has no reputation.

There are many validators, and most of them are unable to guarantee trustworthy behavior of every company they give license to. License is more to do with legal status of earnings casino owners get from their business, in most countries all the gambling industry is banned, and its quite hard to stay within law regulations if someone has income from owning a gambling site. That's why license is not a guarantee for users...
legendary
Activity: 1820
Merit: 966
In Search of Incredible
*have (plural)
Although it doesn't matter a lot, but I have fixed it Wink

BitKong has been operating for 7+ years, the fact it has no license makes it less trustable?!
The reputation of a casino is more worthy than the license of the casino. But the gamblers search for the license of a casino now when a new casino arrives in the gambling world. There are few more old casinos running with their reputation without having the gambling license (Bitvest, Bustabit, Bustadice). The license will only cost a few thousand dollars while their reputation is worth than hundred thousand dollars. BitKong is trustable than a new licensed casino which has no reputation.
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