What if all crypto casinos requires KYC to continue gambling?

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

First of all I think it will never happen that all crypto casinos will ask us to do kyc verification to continue gambling. Because crypto casinos also include decentralized crypto casinos and we don't have to do KYC verification on them and we don't have to do it until they are converted from decentralized to centralized casinos.

And if we assume that all casinos ask for kyc verification to continue gambling then we have no other option but to do that and in this case if we continue to gamble on online gambling sites with kyc verification then we must choose top level online casinos for gambling. So that our personal data will not be misused.

bakasabo

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Quote from: Apocollapse on November 18, 2024, 10:34:50 AM

Come on, why people like they're gamble on no KYC casino? Cheesy

I mean, take a look with the casino you promoted, they're all KYC casino. When we're use a non privacy oriented project, it means we should not mind to share our identity, remember personal information isn't only the KYC they ask, but your internet connection, phone number, and basic personal information are form of KYC.

If you want to avoid KYC, you're already lose in the first place.

That is true. Majority cant explain why they avoid KYC. Majority cant explain why they want to stay anonymous. They say that they dont want to share their private data to third party because they are not sure about their safety; they are afraid that their documents will leak from third party servers. When they themselves often keep private data documents on desktop, keep on email (with qwerty alike passwords) in drafts, gladly let others scan and copy documents whenever they are asked for them offline. And now they are against KYC, because they want to stay anonymous with their $100 in crypto.

Kasabus

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Quote from: topbitcoin on November 18, 2024, 03:08:05 PM

All choices come back to yourself in the end because indeed KYC for now is a demand for Casinos so if we still want to play then we inevitably have to follow the rules because it is already set unless we want to stop on the site and switch to other gambling conditions in land-based casinos for example.

I personally for now will still do it in non-KYC but if in the end all online casinos require to do KYC including for some sites that I still often visit today then I have no problem and will follow the existing flow because it is already a provision.
I won't feel that it's a burden if it's all required, but if there are still non-KYC sites and they are reputable then it will still be my first choice.

I think we all do the same thing. As long as we can still take advantage from those non-KYC casinos, our focus will be on them. But when time comes that all sites are already required to comply with KYC, if we want to stay gambling, hence we should play based on the rules. After all, we don’t give our personal information to those shady casinos, but we should be more cautious instead in looking for reputable casinos to gamble with.

Doan9269

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If every gambling casinos now requires for kyc in other for us to continue enjoying using them for gambling, then we may have no choice than to render to them all our information as maybe required by them, but lets also look into the possibility for this happening, how many of the gambling casinos will be able to corporate with each other in making this an achievement, are they also not going to run on loss for making such implementation, will the no kyc casinos also comply to this.

Antotena

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

I don't know what will happen but all casino can't be the same all over one night. The casino you are taking about I believe it's stake platform and I can't really state the exact reason why they decided to do that but I'm certain that they are going to lose a lot of customers. There is likely going to be an opportunity for other casinos that don't ask for KYC but stake has won their heart, it's high time the non kyc platforms step up their services to gain customers trust.

If your favourite casino ask you for KYC and you don't want to do KYC, it's high time you look out for other ones that doesn't ask for KYC documents. Atleast give it some test and see if they can be trusted, have good customer's service, they have a representative here, they are not scammers. The last one is very important so you don't have to run after casino, some of them don't like to pay users when they win huge amount of money.

mindrust

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That would be the end of anonymous gambling. It won't be the end of crypto gambling industry because some people don't give a damn. They are so addicted, they'll sign whatever paper you tell them to sign, they'll give you whatever documents you ask as long as you let them play.

People were supposed to use decentralized exchanges instead of binance, coinbase etc but look how it is. Almost everybody is using central exchanges. Take a look at bisq, it is a ghost town.

The point is, people are more irrational than we give them credit for.

robelneo

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

All the options you presented are not good; you don't want to stop gambling, we are done with fiat and you will miss instant transaction and transparency through the blockchain, and you are so familiar with centralized that's the only choice we've had, so the only choice is to proceed and welcome this new changes and just pick the right casino to play which is trusted and will protect your sensitive information, so you will be comfortable playing.

LDL

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

If KYC verification is made mandatory on every casino site then definitely in my opinion the number of under 18 users will decrease to a great extent. Because users under the age of 18 will not be able to collect the national identity card, passport, or diving license needed to perform KYC with KYC verification documents, so their number will decrease to a large extent. Moreover, the amount of money laundered by gamblers who are involved in money laundering will be reduced.
And there will be barriers to participating in gambling in countries where gambling is not permitted. I believe that the amount of participation in online gambling especially among school and college students will be reduced to a large extent, so that a healthy environment will return to their education.

alani123

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If casinos require KYC, I don't mind so much to be honest. I'm lucky enough to live in a country that won't prosecute me for simply gambling online.

If it was for other activities like for instance buying medicine on the grey market I'd rather avoid being traced at all. So I'd try to cut all avenues of tracing any such transactions back to me. But since I live in a country that doesn't enforce anything on users of I don't mind sending KYC to a casino. The only issue here is the trust issue. Like why would I send KYC to a casino I can't trust.

If I didn't trust a casino I'm thinking I might have not deposited money in the first place. So that's why for casinos to come here and try to interact with the community so they can prove their trust.

topbitcoin

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All choices come back to yourself in the end because indeed KYC for now is a demand for Casinos so if we still want to play then we inevitably have to follow the rules because it is already set unless we want to stop on the site and switch to other gambling conditions in land-based casinos for example.

I personally for now will still do it in non-KYC but if in the end all online casinos require to do KYC including for some sites that I still often visit today then I have no problem and will follow the existing flow because it is already a provision.
I won't feel that it's a burden if it's all required, but if there are still non-KYC sites and they are reputable then it will still be my first choice.

Joel_Jantsen

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

That's good, isn't it? They're complying with the regulations. That also means they have fewer chances of fucking over the players.

Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

FIAT casinos already ask for IDs before you place bets and operate in a highly regulated manner. Decentralized casinos sound like a good theoretical term but have no practical implications in real life.

Mia Chloe

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Quote from: len01 on November 18, 2024, 06:37:20 AM

If that happens, I will never worry because I already have several accounts in different casinos that are most popular in this forum and I have done KYC level 2 from the beginning. So if the rule applies to all crypto casinos, I will not mind. Whatever happens I prefer to bet using crypto which provides convenience compared to betting using fiat.

There are people that won't gamble if KYC is mandatory, and likewise there are people that will also gamble no matter what level of KYC is required by the casino. The whole thing is about preference and how willingly you would give out your KYC data. Privacy is a choice like I always say, you can't compel some one to keep their data private or not it actually depends on what the person is willing to do.

Different casinos depending on their terms and conditions have different levels of KYC too. For people that are decentralisation and privacy lovers, they will always prefer them to casinos that require intense KYC data.

DaNNy001

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Quote from: Oshosondy on November 18, 2024, 06:31:29 AM

Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

Or maybe start looking for a decentralized casino to avoid the hassle?

I think we should leave this until most gambling sites will be requesting their customers to do KYC. As of now there are still many crypto gambling sites that do not request for KYC from their customers to certain amount of money. So we can still enjoy the benefit until when all of them will become a KYC site.

But as for me I will do the KYC. The $5 to $10 that I use to gamble every week is not so much to let me be bothered about KYC.

Exactly mate, I don't see what's the big deal about if am not mistaking I think most casino that are tagged KYC needed casino only ask for these verification if only the need be like maybe a huge win occur and the user wants to withdraw out and I believe all these are stipulated in accordance of the fight against people using gambling site as means of money laundering. It seems gamblers are so sensitive about this particular issue and some don't even mind leaving a casino that favours them in terms of winning if the casino decides to follow up with the KYC need from customers.

Makus

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Honestly, casinos making use of KYC before gambling is actually not a bad idea, a thread on how KYC of a casino was used to catch a criminal in this forum has been discussed, it explains how a criminal made a kidnap and asked the hostage family to send the money via a gambling site. To round it all up, he was caught but unfortunately the hostage didn’t make it alive, however he’ll be sentenced for life. This is a pure evidence that KYC is good to regulate a system. The government demands KYC because most casinos players get their money from illegal source and would want to use casinos as a tool to act like a mixer. Both crypto accepted casino and fiat casinos are used for this, it might not be all that obvious but that’s actually one of their reasons for using casino without KYC verification.

nimogsm

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We have already discussed something similar. And yet, many will agree that the casino for the first time, the first time establishes the rules with which the player either agrees or not. The second aspect is the transparency of the funds from the player if they are clean then then it is to overcome that the account is blocked by such a probability.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Everyone's response to this question will be different because different people have different priorities when it comes to privacy (KYC). To some people ( including me), KYC is not much a big deal, they prioritize convenience, security, trustworthiness and accessibility more than anonymity. If a particular crypto casino can give all this and has proven to be reputable, why bother much about KYC? What this means is, I will complete KYC as long as I am sure I am dealing with a reputable casino.

To many others, this might not be the case. They'd rather go for other alternatives that still keeps them anonymous. This is what they prioritize the most and they will go for it.

KTChampions

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Decentralized casinos are a very specific topic, but still, it seems, you will have to at least try it when the time comes. For now, you can go to those casinos that do not require a KYC or at least do not cooperate with tax authorities (KYC was introduced so that in case of problems with regulators on AML issues, the user can be handed over).
If the casino has a KYC + taxes, then I don’t see any difference from a regular fiat casino, so I’m unlikely to stay there.

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Before the year 2020, almost centralized exchanges allow you to trade and do anything you want without KYC from Binance, Kucoin, Mexc, OKX, Gate and many of them but all of a sudden, we saw a tremendous turnup on kyc demand from exchanges. Binance started it first by restricting US citizens from accepting global Binance to create a specific Binance US separately, all this is because they are trying to comply with regulations, it's similar thing the casinos are doing.

There could be a vector attack from government regulations and licensing bodies. Remember Polymarket made gambling event accessible for lots of people this year election, even stake allow some people to bid for the election prediction. All this huge enough to attack casinos to comply with kyc requirements. With time, it will be very difficult to see a casino that doesn't have kyc. The ball is your court, use them like that or kindly ignore them.

rachael9385

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Quote from: Ziskinberg on November 18, 2024, 06:14:59 AM

This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.

So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?

Actually, I will look for a decentralized casino that I can use to gamble without any KYC requirements. But to be honest, I do not really support that facts that every users must verify KYC before they could gamble, and I am sure much people will not want to share their personal informations with anyone, so they will probably switch to a fiat casino instead.

Quote from: aioc on November 18, 2024, 12:06:31 PM

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Yes it's true to continue with a casino that has a better reputation because you are sure that your informations are in a good hands.

hahay

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Previously, I was very unwilling to provide KYC to online gambling sites. Thus, if for example a gambling platform requires users to provide KYC before playing and before making a deposit, then I personally will immediately leave the platform or may also completely stop gambling online. But, if for example I have been using the relevant gambling platform for a long time, and then they require users to provide KYC, then maybe I will also be willing although with full consideration as well. Because for me, being anonymous is a good way for me to feel comfortable in using online gambling platforms.

Topic: What if all crypto casinos requires KYC to continue gambling? (Read 357 times)