Topic: What if all crypto casinos requires KYC to continue gambling? - page 2. (Read 1339 times)

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.

You said that "all" then it means that I have no choice, no option, no complaints to be raised anymore. So with that, I have to choose the best in my mind or the one that despite that requires KYC for their customers, have an excellent job in keeping and helping their customers.

I'd based my decision with my experience and feed back of the others. I will continue to still gamble because we have no choice to make if all of them requires KYC, can we reject that? no we can't because we'll not be able to enter their premises just as the physical casinos if we can't present some requirements that we're on the right age if we don't look one.

And that's the same with the online casinos that we have when they start asking for it, we're going there and no option to decline or some other unknown casinos will emerge and rise but with trust issues.

KYC Exchange - done
KYC Casino - done
KYC Airdrop - done

So you've done it all.
KYC is now mandatory because some platforms already have some rules that must follow government directives, so it is difficult to avoid it.

Without a doubt we are within our rights to choose which institution to share our personal details, it is just that this is becoming harder and harder to avoid for those that still want to retain their privacy, which is understandable as this market is no longer the small market that it was so many years ago, and governments want to keep track of everyone that makes use of bitcoin and other cryptocurrencies so they can tax them and obtain a cut out of them.

It is true that most people have shared their KYC with several exchanges, or other platforms that require KYC. However, i think there are people who choose on which platform they will do KYC, or not at all. I think everyone has the right to do KYC or not, with all the consequences. It all comes down to preference, and i agree with you that there should be no problem doing KYC, especially for sites that are trusted enough, and well-known sites are usually relatively safe, especially those related to this forum.

If there is no choice, people will definitely try to complete KYC before gambling, but if there is an option that does not require KYC, people will definitely choose it. Because it is impossible to stop gambling because there will be many people who try several alternatives and it is impossible for everyone to stop. The choice depends on each person, whether they want to do KYC first or choose a fiat casino that does not require KYC when running. Everyone says they are afraid of doing KYC, but when faced with the choice, the fear is no longer considered.

Absolutely agree with you. The more restrictions the internet becomes, the more tech savvy teens become. Besides, as long as there is a black market, OTC and countries whose citizens have very low incomes, passing KYC on someone else's documents will only be a matter of a few tens of dollars.

If we are talking about law-abiding casino users, it is much easier for them to pass KYC immediately upon registration and enjoy gambling.

For some reason I think that if people under 18 want to, they will find any way to register through an older brother or sister, for example, in exchange for household chores or by giving them pocket money that their parents give them. In addition, many have learned to bypass using a VPN in order to play from countries where this is not allowed. Of course, I do not advise anyone to do this, but I just say what I think. The only question is how much desire to play, however, why should they register with such a big risk, because if they win, they can still be exposed and their account blocked without returning the money. Therefore, it is better to play only in those places where it is allowed.

This is common requirements ask now and for sure those old timer on crypto space already know about this implementation and majority for sure will not see it as big deal especially if the casino is well known reputable platform.

Being anonymous is not a main concern of people now since what people looking for is those safe casino on where they can trust there funds or even they have chance to withdraw huge amount of money if they win big prizes with them.

Few people now pay attention about it and usually they are skeptical to provide that requirements if the casino is new.

Generally, people of different age groups are attracted to gambling, especially young people participate in online gambling. If KYC is made mandatory in every casino site, especially those under 18 years of age will generally not be able to do KYC due to lack of useful information and data, so they will not be able to do account verification in casinos where KYC is mandatory, thus reducing their participation. Moreover, since KYC will be mandatory for withdrawals, citizens of countries where gambling and casinos are illegal will not be able to participate.

Yes you are right for all these points, but the most important thing is we are related to a safe and have been lumped platform so that the government can supervise them, however the government is behind II, so they also certainly take part in maintaining the privacy of their citizens who subscribe in the casino to be safely maintained.

As long as we have any platforms in the crypto industry, both casinos, exchanges and others and have licenses or regulations, concerns about personal data can be far calm, but to speak privacy it is absolutely absent, all will be open source if you look from here , a few people who care about privacy about this as you say friends.

Okay, let's assume there are indeed decentralized casinos, but could you name some decentralized casinos that gamblers actually frequent? What I know is that most of the popular casinos are those that promote themselves in the forum, and I haven’t seen a popular decentralized casino here.

If there's no more option then its a wise idea as that would kill your passion in gambling if you can't gamble.

It’s not possible for this to happened since there’s a decentralized casino which doesn’t require license to operate. Your topic is only applicable for centralized casino which is the only casino affected by license since they are operating under a company or legal framework.


Assuming this will happened then submitting KYC is the wise choice since we don’t have any option to gamble anonymously.

There will be no problem.

Most people have submitted their KYC to centralized exchanges, to bounty projects, to companies who open job vacancy etc. People already have zero privacy, so what are they afraid of?

People who care with KYC and want to stay anonymous at all cost is really small, even Bitcoin is popular with the pseudonymous, but probably only 1%-5% is really care with their privacy.

If this happen for sure this will become a huge impact to the players, some of them want to play anonymously and they don't want to invade their privacy during playing gambling, and as of now even though there's a terms of agreement with the data privacy act still people skeptical with their data privacy that the casino will not have a data breach and leak their information. Now their option is to comply with the casino they are playing or else they will find other platform to play that does not require a KYC. Basically for me lvl 1 is enough because just the basic details for account recovery but with the lvl 2 depends on the case if a large money involve.

There are still some gambling sites that require you no KYC up to certain limit. Example is Matawin that you can withdraw up to $10000 or so without any KYC needed for it. There are still many gambling sites that have announcement thread on this forum that require no KYC. If you do not need a KYC gambling site, you still have options.