NO KYC Sportbooks? | Bitcointalksearch.org

Distinctin

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Quote from: nakamura12 on November 13, 2021, 03:55:55 PM

If you are on a country that gambling is banned then you'll be having hard time to find one.

You'll still probably find a gambling site to play but those gambling sites only that are not registered, and that means you are taking the risk as they could just disappear with your money. however, if you don't want to take that risk, just don't gamble at all, maybe dedicate your time in investing or learning how to trade, that way you still have a chance to be profitable in crypto.

nakamura12

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Just go to a legit, trusted, reputable sportsbook and complete KYC then you won't have problem with it anymore. About your personal details, it is safe if you ask me. It won't be a good choice to destroy their reputation with just one problem. If you are on a country that gambling is banned then you'll be having hard time to find one.

og kush420

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Quote from: KTChampions on November 13, 2021, 01:56:24 PM

The only purpose that can be more or less adequate when taxing winnings is to prevent money laundering through it. It looks logical because if there is no tax any criminal can legalize money claiming that he won it, but even this I consider a false reason for taxation. First, why should honest citizens suffer? Second, the tax police should investigate evasion schemes and not punish everyone indiscriminately.

These days governments are doing legislation's around things that benefit them under the name of money laundering, terror financing etc. AFAIK only citizens of countries where gambling is banned doesn't want to undergo KYC, other than that there is no reason to avoid KYC. If you are not doing anything wrong and you are on trustworthy platform that doesn't sell your info just do KYC.

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Quote from: Oshosondy on November 13, 2021, 08:13:37 AM

Quote from: KTChampions on November 13, 2021, 06:03:18 AM

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

The only purpose that can be more or less adequate when taxing winnings is to prevent money laundering through it. It looks logical because if there is no tax any criminal can legalize money claiming that he won it, but even this I consider a false reason for taxation. First, why should honest citizens suffer? Second, the tax police should investigate evasion schemes and not punish everyone indiscriminately.

goku19

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If you gambling in a trustable and well reputed gambling site I dont think there is any thing wrong to complete the KYC process. Because the exchange which dont ask kyc these days bring some doubt in my mind as some thing might not be good with that site.
May be at start they dont ask kyc and later when you want to withdraw they will ask and at that time no option would be left.

TopT3ns

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Quote from: Oshosondy on November 13, 2021, 08:13:37 AM

Quote from: KTChampions on November 13, 2021, 06:03:18 AM

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

Depend which country and gambling site will give different rule each other country, have some country not allowed for their citizen join on gambling site this why need KYC, but I think is not good ideas if try KYC for gambling site. Many gamble want to hidden their identity and never want publish with their document, better looking new site support bigger fund deposit and withdraw without KYC.

Oshosondy

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Quote from: KTChampions on November 13, 2021, 06:03:18 AM

It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

The government will always look for means to earn more and more from citizen than most countries even do not care about there citizens individually. I too will go with your opinion about this, I believe most people that are gambling are losing, that is why betting companies are always on the rise, they always grow and growing faster. The government can better just tax the betting companies instead of the citizens. But I guess that it is possible the governments are also making use of the tax to discourage people from gambling, but I am also thinking I am 90% not right about it.

KTChampions

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Quote from: Oshosondy on November 13, 2021, 03:32:23 AM

Quote from: KTChampions on November 13, 2021, 01:34:26 AM

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

And why is it wrong? How many people do you know who regularly win more than they lose? If there are such people, then perhaps they should pay taxes because in fact they are engaged in a profitable business. But how many of these people are there? And an ordinary person who has always (on average) lost, having won big once must pay tax - does this seem right to you? It seems to me that it is enough that the tax is paid by those who are always in the black - the casino.

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Quote from: Oshosondy on November 13, 2021, 03:32:23 AM

Quote from: KTChampions on November 13, 2021, 01:34:26 AM

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

It depends on the country if they have a taxes regarding with the crypto gambling some of the people want to keep anonymously just to avoid having names on a platform no one wants to reveal their identity just to play gambling there are a lot of platform doesn't have a KYC and some of them are just optional. Mostly having a KYC is those platform who has a large number of players and people who makes a withdrawal with a large amount and they don't want to have any kind of illegal activity to their platform so they makes another layer of security which is KYC. The user has a the rights to gamble with KYC or not.

HUSTLER

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Quote from: Oshosondy on November 13, 2021, 03:32:23 AM

Quote from: KTChampions on November 13, 2021, 01:34:26 AM

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

Yes privacy might me the main reason that people dont want to do kyc and dont want to share their personal details with them. Another reason can be that people are bit lazy to complete all the kyc requirements as this happens with me as well but exchanges now days dont withdraw money without the KYC so its becomes mandatory to complete it.

Oshosondy

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Quote from: KTChampions on November 13, 2021, 01:34:26 AM

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

If a gambler is avoiding kyc because he is trying to avoid taxes, that is very wrong, it is done in a way if someone is losing and gain but not up to what he lost, no tax will be paid at all. But well if someone lose and not gain, the government has nothing to pay in return, this is another reason how the world is not balanced.

These are the two reasons why people do not like kyc, but it is not only the two reasons, some people just do not like kyc because of privacy reasons which is really worth it.

kingangel

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I would suspect any book that does not really as you a few questions, since something that sit outside regulations means that other legal matters, such as paying you or letting you withdraw money may also be taken as a ad-hoc rather than something you can take for granted. I am of course speaking about the money laundering regulations and such. Only a book that has been around for years could do the trick by replacing guarantees with reputation.

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Quote from: paxmao on November 09, 2021, 04:37:05 PM

Respect, trust and good feeling about books come from either being legally regulated entities which are supervised and quite obliged to have records etc, and that comes with requirements such as KYC or from many years working successfully and without complaints from customers. There must be good reasons why you want a no KYC but that is going to come with strings attached in the jurisdiction, reputation or trust in the company.

There are basically two reasons to avoid KYC:
1.) Taxes. Some gamblers do not want to pay them in principle, and some run away from the laws of their countries with insane tax rates. I understand both of these positions.
2.) Bypassing the bans of states that think they know better than you what you can and cannot. In many places gambling is prohibited, so people from such jurisdictions are looking for ways to satisfy their desires.

coinism

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Quote from: Stalker22 on October 24, 2021, 02:36:23 PM

Typically, most sports bookies do not require KYC unless you do something wrong or shady, such as suspected cheating or money laundering... But, regardless of KYC, you should always choose gambling websites that have a good reputation.

Those who don't ask for kyc are themselves shaddy and can rip you from your money. Bookies that have good reputation always or in majority of cases ask for KYC. I personally don't like sport's book that don't do kyc. How can they be certain about the user?

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Quote from: alegotardo on November 12, 2021, 07:05:56 PM

I doubt all the good casinos are demanding KYC on account of compliance with government laws.
We are talking about a niche market that operates 100% in the digital environment and using cryptocurrencies, what are the reasons that prevent a casino from moving from one country to another?
If a certain country creates very strict laws that make it difficult to do business, they will certainly change to one that has more lenient laws.
That simple

It's possible but unlikely for now since most of the crypto casinos are based on Curacao and they have one of the least strict rules when it comes to KYC. Even if they are strict they can still make bank as most of the good casinos we know usually have a big player base it just depends on how their community would react to it as other fiat casinos are thriving regardless of their KYC registration. They could move if they want to but it's going to be a hassle on their part though.

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Quote from: YinShuiSiYuan on November 08, 2021, 09:46:32 AM

Unfortunately, governments in many countries are pushing hard to regulate cryptocurrency casinos. One of the requirements is absolute KYC verification of all users. If the casino wants to operate legally in a given country, it will have to adapt or move to a country where such regulations do not yet exist.

We can expect that soon most cryptocurrency casinos will simply have to require KYC verification from all users.

I doubt all the good casinos are demanding KYC on account of compliance with government laws.
We are talking about a niche market that operates 100% in the digital environment and using cryptocurrencies, what are the reasons that prevent a casino from moving from one country to another?
If a certain country creates very strict laws that make it difficult to do business, they will certainly change to one that has more lenient laws.
That simple

hello_good_sir

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Quote from: YinShuiSiYuan on November 08, 2021, 09:46:32 AM

Unfortunately, governments in many countries are pushing hard to regulate cryptocurrency casinos. One of the requirements is absolute KYC verification of all users. If the casino wants to operate legally in a given country, it will have to adapt or move to a country where such regulations do not yet exist.

We can expect that soon most cryptocurrency casinos will simply have to require KYC verification from all users.

I don't think so.

There will always be unregulated casinos that are operating that will attract more attention from players which makes them survive. Until they grow out of the phase where they can just get away with having no KYC.

If you play at sportsbooks like Stake though, they have demonstrated a history of KYC which is dangerous if you can't commit to it.

stomachgrowls

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Quote from: manbitcoinlover on October 24, 2021, 02:25:15 PM

What are some sportbooks that will NEVER ask for KYC

Dont know if the list was updated or not then you could take a look and made out some consideration.

https://bitcointalksearch.org/topic/overview-of-bitcoin-accepting-sportsbooks-with-marginhouse-edge-comparisons-5040737
https://bitcointalksearch.org/topic/overview-comprehensive-list-of-crypto-sportsbooks-new-poll-5319144

For me based up on my experience then.

Sportsbet.io
Playbetr
Stake

These are the bookies that i do have experience on playing on for
several years of doing gambling.

paxmao

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Respect, trust and good feeling about books come from either being legally regulated entities which are supervised and quite obliged to have records etc, and that comes with requirements such as KYC or from many years working successfully and without complaints from customers. There must be good reasons why you want a no KYC but that is going to come with strings attached in the jurisdiction, reputation or trust in the company.

South Park

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Quote from: YinShuiSiYuan on November 08, 2021, 09:46:32 AM

Quote from: AhmadM on November 06, 2021, 02:24:57 PM

Quote from: chaser15 on November 05, 2021, 06:54:18 PM

Quote from: AhmadM on November 05, 2021, 06:12:35 PM

To be honest, I believe for a huge casino platform such as stake.com, they wouldn't perform KYC requirements to its users who play at hundreds of dollar range for each session.

Some users reported that there is the personal information needed before anything else. It means slowly but surely, we can now expect that KYC will be implemented at most casinos not just on Stake.

Perhaps those users are high rollers? Thats why the casino asked for some personal information to those users in the first place. As a small gambler like me who play with tens of dollar as starting balances, I have never faced such kind of thing.

Unfortunately, governments in many countries are pushing hard to regulate cryptocurrency casinos. One of the requirements is absolute KYC verification of all users. If the casino wants to operate legally in a given country, it will have to adapt or move to a country where such regulations do not yet exist.

We can expect that soon most cryptocurrency casinos will simply have to require KYC verification from all users.

We know this is something that governments want to do however we are bound to see innovation in that field as well, after all the concept of decentralization can be applied to casinos as well and while they are not that popular now I am sure that as those regulations keep advancing many casino owners will decide to implement a decentralized casino as the desire of many users to gamble and do so without going through KYC will still be big enough to justify creating a casino like that.

Topic: NO KYC Sportbooks? (Read 1059 times)