Topic: What if all crypto casinos requires KYC to continue gambling? (Read 1233 times)

Now if all casinos are now requiring strict KYC compliance, I think there’s only two options left. That is to continue gambling and submit KYC or just decide to stop gambling for good just to protect your personal information against those unreliable casinos. However, majority will still pursue gambling for sure, but should stay cautious on the casinos wherein they are risking their funds.

Thing is that addiction is so difficult to control that people who are addicted to gambling will do anything possible to fuel that high and avoid the withdrawal. So they would pass the KYC or move to shadier casinos who dont ask for KYCs.

But this is a good market, so new casinos are coming up everyday and initially they are lenient on the KYC rules, they are going to flocked by those who are not willing to undergo this procedure.

Land based casinos would be another option, although its not that identification systems are not there in those.

If big casinos start operating like fiat casinos, crypto casinos will eventually become centralized too. That’s the whole idea of centralization, they’ll want to know who’s gambling, which means losing our privacy. This defeats the purpose of why many of us chose crypto in the first place. If we wanted that, we might as well stick to fiat casinos.

But if this change is inevitable, I think we’ll only have two options: either comply or stop gambling altogether. Even if new casinos pop up, their reputation will be a problem, and strict regulations might shut them down eventually.

I don't see anything strange in the fact that casinos want to know who plays with them, because they are obliged to do so by the regulatory authorities that are higher up. I am not surprised by this, because every year the requirements will become stricter, but at the same time new casinos will appear like mushrooms after the rain that will not require KYC. However, for me this has never been a big problem. I play not small money and I have nothing to hide, but I just wanted the casino not to lose this KYC  data of clients due to hacking or data leakage.

The third party can use our document for anything they want so we must make sure that the document is in the right hand. We should research before selecting the casino because we deposit money to the casino and also verify our account with them. If we are not carefully choosing the casino, we may get in a scam and our document will be in their hands.

And if all casinos requires KYC before we gambling, that will be our decision. If we okay with that, we can continue the process and waiting until our verification finish so we can back to the games.

Yes, that is right because we do not know who will verify and completing the KYC process even in the casino that do not have any reputation. That will be too risk for them because they can get in a scam by the casinos and they will lost their document while the casino will not answer anything to them. That is why we must be careful when selecting the casinos so we will not get scam by them. It is our responsibility to research and finds which casino that have a good reputation so we can play gambling without worry.

As much as possible on which crypto casinos will really be that staying up on being kyc-less as much as possible because if we do really tend to look back on how crypto casinos had become that popular it is really just that because of having that anonymity and that what makes it that having the spark of interest of the masses on which this had resulted into that kind of adoption and recognition but now it is really that slowly changing. Same on what most people been saying on here on which we know that it is really that some platforms are already integrating that mandated KYC on which you cant be able to proceed on making withdrawals if you dont be able to make out such requirement on which it do really give out that disappointment.

Somehow there are still platforms that you can be able to play without any issues but if you do really read up their sites terms and conditions then you can already that spot out that there are some possibility that they might asked out for some verification if ever you will be depositing up some big amount or you had that done some violations that against their rules on which this is really that a very normal approach to have. You cant really just that make yourself that being confident yet most of platforms now does have that this kind of terms and conditions on which this kinda sucks and this wont be shocking thing if ever that all of them will be switching up into this one.

This might take a long time for such senerio to happen.  There would still be some casino that wants to be exceptional in the market regardless of how tight the government are with them and I guess such casino would be more profitable in the business than others as not everyone would love to go through the kyc. But if it happens eventually, I guess most gamblers would have no choice but to go through the kyc except for those who still want to retain their information offline so then go for fiat instead..

Not everything will be like that because there are careless people who dare to complete the KYC process on gambling sites that do not yet have reputation and are not popular like novice gambler, they do not understand the risks, and for gambling sites that clearly have good reputation, it is not problem when it comes to completing KYC.
Every gambling sites that has grown rapidly and become one of the best gambling sites must have team that will protect all customer data when they apply KYC requests, as gambler it is better to follow the rules and try to continue to fulfill all requests in order to be able to bet more comfortably.

We use a reputable and known gambling platform instead. At this time, it is quite difficult to find legit sites that never ask KYC because all of them have already been implementing this. We might find some, but probably a big scam. 

That is why we have to be more cautious in complying with KYC. Yes, it was not difficult for us as long as we are certain about the legitimacy of the site, but if we make this on scam sites, we should have to worry about it as it is likely to be used for illegal activities. 

If you’re expecting a small win and they don’t pay, it might feel like no big loss. But what if you’re on a hot streak, seizing the moment, and you land a massive win, only to find out your withdrawal didn’t go through? Would you just accept that?

Reason why I just don't easily go with new casino because KYC is big issue to me especially if I don't know if they are reputable or safe enough to trust our important details. There are cases I try them up out of curiosity but just depositing small amount which I can totally afford to lose also if they say that they don't need KYC since for sure there's nothing to lose on those casinos.

But people should really stick with those well known casino and I really guess that this has been suggested for so many times by lots of people, also we can see this been discussed on many threads in this forum. Because to many scams came out and to bad if those scammers would take not only our money also our identity since it will possibly bring us a lot of problems in future especially if they use this for another scams. So they should asses the situation properly and better to go only on reputable casino since even if they ask KYC for sure we are safe with big casinos here.

Exactly, based on trust issues,  I just can't disclose my important information to any casion all in the name of KYC, the casino needs to be highly reputable, trustworthy and recommended by previous users before I'll think of doing KYC with their site, it's not like it's a bad thing for all casinos to implement the KYC policy, it would help reduce scam activities and help fast track customers using their platform for scam activities but on the contrary the level of trust and reputation a casino has earned over time matters a lot and if it's not a casino that operates here in this space and has high reputation here then I don't think I'll be interested. There are scam casinos out there so I won't even want to risk falling victim to them all in the name of KYC, or better still I'll just look for a decentralised casino with good reputation and gamble with them.

As far as I know, majority of casinos have handed all pertaining documents to a 3rd party, meaning that company is responsible for holding it and safe keeping and hopefully that there will be no leaks or an event of hacks because obviously our data could get to the hands of criminals and we don't know what kind of things they will do with that kind of data.

One thing though, is that with this kind of data, and with the AI modeling that we have, they could really take advantage of our info and maybe used it to predict our behavior in betting. So still even if this is the trend now of submitting our documents to casinos, one must still be very cautious.

If we choose a trust and have reputable casino, they will take care our document carefully and will not do something illegal with that. They will serves us better by always secure the document because they know that trust is the important thing for their customer. User can not do anything except follow the rules but they have choice not to do KYC if they don't like. If that so, user don't have to play gambling at that casino and search for the casino that don't have a too strict rules. But in the future, we don't know which casino that can be like that.

In my gambling experience, I have never participated in gambling by doing KYC in any casino for gambling. However, if the casino platform makes KYC mandatory for gambling, I will definitely do KYC.
Yes of course I will pass KYC to continue gambling.
I don't see any hassle in doing KYC and I don't see any risk. I won't switch to a fiat casino platform to do KYC.
No
No. As far as I know, decentralized casinos cannot be found. So why would I go looking for a decentralized casino platform?

One of the main reasons on why crypto gambling had that become popular because of having that kind of anonymity on which at the time that you do make use of your own crypto then you do have that directly be able to play gambling online without exposing your identity on which this is really that totally that different when we do deal up with fiat based casinos. Now that it had that become so big then it did turned out that it do really be able to get up governments attention on which now they are really that trying out to regulate it on which this one isnt really that shocking anymore. We do know that government wont really be allowing things to go past beyond them when it comes to taxation and possible money laundering on which this one could really be that able to happen or simply being a common platform on where things that  could possible happen and thats why centralization and regulation will really be that next in line. So far there are still some platforms who do offer such gambling experience without needing to comply up some KYC on which of course it will really be that depending or basing up into someones deposit amount because at the time that you will be able to hit up some deposit threshold specially if its a big amount then expect that they will really be asking for such verification on which this one isnt really that new anymore. There are some platforms now that even if you dont deposit big but still you do need to comply some KYC before you can be able to withdraw on which this one really sucks yet we've been get used into anonymous gambling but everything do changed accordingly or something that inevitable.

If gambling sites were known for providing authorities with the info, that would would be a legitimate concern. But I've never heard of such cases. Was anyone ever punished in his own country because it's illegal to gamble there and a foreign gambling site were he/she registered gave that info away to their authorities?

Yet, I don't blame people for not wanting to pass KYC in those circumstances. Even though it's unlikely to get caught, it's better to avoid breaking the law.


That is true, unfortunately.

The other reason why some gamblers do not want to pass KYC is because people worry that it will bring bad effect especially those who live in a country where gambling is illegal.
It may affect their real jobs if their documents are revealed online or maybe something even worst may come (something related to official law of the government).
Coming up to reputable casino wont sell our documents in the dark web, we also need to remember that reputable casinos may have many internal staffs and some of these staffs may become naughty staff by selling the documents for money.
Money can change good person to bad person especially when it comes to big amount of money so documents sales may happen in any casinos if there are some naughty staffs.

In fact, I'm not sure that it's so bad and scary, because it's unlikely that the casino really trades in our personal data. I think most likely they are afraid of the hassle with the inspection authorities, who always require to know their user as much as possible, in our case, the gambler. Nevertheless, I don't like it when any service requires to show your face. I've seen this on the exchanges, but not in online casinos yet. This is pure extortion of biometric data and I do not approve of this. But unfortunately, I require this when I need to withdraw money. The world is becoming less and less anonymous.

That's right. Passing KYC isn't that hard if you have nothing to hide, like your real age or the intention to launder money through gambling site. Some people worry that their personal data will be sold to some bandits, but in fact reputable gambling sites don't do that. They don't even read the info themselves, let alone passing it to someone else.