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Topic: No KYC vs KYC enabled casinos (Facts you need to know) - page 6. (Read 647 times)

hero member
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The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.
Clearly, there's no guarantee that a casino will continue operating as a non-KYC platform, as government policies can change over time. Perhaps there's a specific threshold of funds that would trigger KYC requirements, and yet casinos may not make this information readily available to potential gamblers to avoid discouraging them. Instead, this requirement is often buried in the Terms of Service (TOS), and many gamblers simply click the 'Sign Up' button without reading the full TOS, remaining unaware of the KYC conditions.

Although everyone want to play at the non KYC casino but the risk playing their and getting our money stuck is more as compare to the kyc casinos.

Sometimes the non-KYC casino may not ask for KYC until you won some big amounts. Or they can even ask for the KYC if you deposit any big amount in the casino. For this reason, i will usually deposit less in a Non-KYC casino so in case they ask for KYC or do not accept my KYC, in both cases my risk of losing money will be minimized.

legendary
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The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.
Clearly, there's no guarantee that a casino will continue operating as a non-KYC platform, as government policies can change over time. Perhaps there's a specific threshold of funds that would trigger KYC requirements, and yet casinos may not make this information readily available to potential gamblers to avoid discouraging them. Instead, this requirement is often buried in the Terms of Service (TOS), and many gamblers simply click the 'Sign Up' button without reading the full TOS, remaining unaware of the KYC conditions.
hero member
Activity: 2912
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The people have already made their choice, and it's clear they prefer a KYC casino over a non-KYC casino. I believe it's more appropriate to refer to it as 'decentralized gambling' because some casinos claim to be non-KYC but are still regulated. It's important to question the longevity of such claims. When a casino is regulated, it's obligated to adhere to the implementing rules set by regulators, including KYC compliance. So, it's wise not to trust those that claim to be non-KYC casinos.
legendary
Activity: 1330
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I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

You don't seem to be aware that some do not have KYC requirements in their ToS, this one for example:

https://anonibet.com/terms-and-conditions

There are still casinos, a few of them, that do not ask for KYC.

Quote
Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.
I don't see why this isn't possible for non-KYC casinos. I mean they can monitor a player's activity based on their username alone and not necessarily their full name.

Some allow you to play anonymously. Or you can create a new account by changing the IP each time, and if necessary a throwaway email, so they won't be able to implement responsible gambling practices, just as they won't be able to detect if the gambler is a minor.
sr. member
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I think people should stop believing these "No KYC" casinos. Most of them have no upfront KYC but that doesn't mean they are not going to ask in certain cases since it's part of their terms that they can enforce it when necessary. It's only a matter of time before crypto casinos would get licensed so just accept the fact that you'll have to submit documents at some point when you register.

Improved Access for Restricted Regions: Players from regions like Quatar, Brunei, Iran, Pakistan and others with strict gambling regulations and limited access to Casinos can Indulge in it without trace and will find no-KYC options more accessible and comforting.
They will have to use VPN since many casinos block users from banned countries based on IP address.

Quote
Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.
I don't see why this isn't possible for non-KYC casinos. I mean they can monitor a player's activity based on their username alone and not necessarily their full name.
full member
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Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

I disagree; AI or not AI generated test, who ever the original author is is wrong on this one, when you talk about KYC, they only reduce the rate which customers are to manipulate the system but they can’t completely prevent intruders or who ever want to use the system for what ever purpose they want to from doing that

Remember that their is no one on one kind of verification process going on their, rather their is just a document required to be submitted and mosh times then age to either be verified by bot, with the help of few human support, this requires documents can be manipulated to doubt, real users data both ID, licensed plate number, house address and bank information can now be gotten online for just few bulks, so what then will prevent scammers from using their fake identification to verify a casino and make use of it in which ever way that they want.

in conclusion what I’m saying is that KYC can’t stop criminals or any form of illegal activities within the gambling section.
full member
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Let love lead
I've provided links to two of the sites I visited while gathering Knowledge.
hero member
Activity: 700
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The Op paragraph the AI post and make it as his own.  Op you and me know that knowledge does not come from heaven, therefore what you wrote can not be manufactured by you from your brain and you must have consulted some materials online plus the latest fastest answer generating machine AI and since you didn't produce the knowledge by yourself, you would have produce the link where you got the information. And from what @Hatchy shows that you copy the material article from the another source (online) and yet you didn't acknowledge and reference the author and make it as your own. Now that you have been caught, what do you think you have to say? And if you didn't use AI then drop the link of the information source.

And for the two options you have provided , I will choose the of that does not need KYC because the problem in KYC is too much so if any casino provide no KYC then I will choose that one over the one with KYC.
full member
Activity: 294
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Let love lead
I don't do such man, I carefully research, understand and organize my posts myself. No need for AI generated posts. You can check from my profile. I'll  appreciate you contribute to the topic instead. I'm interested in learning more about this and that's why I raised the topic.
sr. member
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Op, if I'm guessing correctly, you used Ai to generate your post. I couldn't get the exact write up, because the ai was design to generate different response to different users but I found something similar




full member
Activity: 294
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Let love lead
The benefits of using no-KYC (Know Your Customer) casinos include:

Privacy: Players can remain anonymous since they are not required to produce any sensitive information regarding their Identity.

Easier Registration Process: Registration is usually quicker, less time consuming and less stressful as there's no need for identity verification documents.

Improved Access for Restricted Regions: Players from regions like Quatar, Brunei, Iran, Pakistan and others with strict gambling regulations and limited access to Casinos can Indulge in it without trace and will find no-KYC options more accessible and comforting.

Reduced risks of data breach: Since you're not sharing sensitive personal information, the risk of personal information shared with the casino operator being mishandled or having a data breach involving your sensitive data is given no chance.

However, it's important to note that no-KYC casinos may also have some drawbacks, such as limited regulatory involvements to excesses and
very less customer support. Additionally, they may not be as reputable and reliable as licensed and regulated casinos, you stand a chance of incurring great loss of your funds and assets, so it's crucial to exercise caution and do thorough research before patronizing them. Never forget to Always gamble responsibly.


The benefits of using KYC (Know Your Customer) casinos include:

Improved Security: KYC procedures helps to screen the players and correctly verify their Identity, making it more difficult for fraudsters to use the platform cos they cannot provide verifiable documents easily.

Regulatory Compliance: KYC compels casinos towards adhering to legal and regulatory requirements, reducing considerably the risk of legal issues and concerns.

Responsible Gambling: KYC allows casinos to monitor and instill good gambling practices and protocols, helping to protect vulnerable individuals.

Limiting fraudulent activities: It aids in the prevention of money laundering and other numerous cyber and financial crimes by verifying the source of funds of the players Involved.

Accounts Recovery: In case of losing account information, KYC can assist in account recovery, ensuring players do not loose their hard-earned funds.

I believe it is also very imperative that we know about the drawbacks of KYC Casinos like lack of privacy, documentation stress, accessibility too because if you don't have access to proper documents, you cannot partake in it, trust concerns as it is difficult to verify the extent your provided data will be utilized. it is also very much time consuming to go through these processes.

finally, having known all these pros and cons, you can make your decisions on the casinos you want to get involved with as both types of casinos have their own good sides as well as limitations.


https://guardian.ng/news/no-kyc-casinos-no-verification-crypto-casinos/

https://newsfromwales.co.uk/reasons-for-kyc-procedure-in-gambling/?amp=1
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