What if all crypto casinos requires KYC to continue gambling? - page 2.

Betwrong

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Quote from: panjul07 on December 21, 2024, 08:15:12 AM

Quote from: Betwrong on December 21, 2024, 07:05:06 AM

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.

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.

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.

Quote from: panjul07 on December 21, 2024, 08:15:12 AM

~
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.

That is true, unfortunately.

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Quote from: Betwrong on December 21, 2024, 07:05:06 AM

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.

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.

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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?

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.

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Quote from: madnessteat on December 02, 2024, 06:56:02 AM

Quote from: sompitonov on December 02, 2024, 06:45:13 AM

^

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.

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.

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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.

$crypto$

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Quote from: Pandorak on December 02, 2024, 08:12:39 AM

Quote from: Solosanz on November 23, 2024, 10:00:59 AM

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.

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.

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.

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Quote from: Pandorak on December 02, 2024, 08:12:39 AM

Quote from: Solosanz on November 23, 2024, 10:00:59 AM

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.

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.

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.

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Quote from: Solosanz on November 23, 2024, 10:00:59 AM

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.

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.

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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?

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.

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Quote from: sompitonov on December 02, 2024, 06:45:13 AM

^

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.

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Quote from: HelliumZ on December 02, 2024, 06:28:19 AM

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?

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.

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.

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Quote from: Solosanz on November 23, 2024, 10:00:59 AM

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.

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.

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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?

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.

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Quote from: Solosanz on November 23, 2024, 10:00:59 AM

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.

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.

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Quote from: AbuBhakar on November 23, 2024, 10:19:58 AM

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.

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.

Quote from: AbuBhakar on November 23, 2024, 10:19:58 AM

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

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

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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,

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.

Quote

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?

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

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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.

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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?

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.

_act_

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Quote from: naira on November 23, 2024, 04:19:54 AM

Now there are fewer and fewer casino implementing the Non KYC system because the increasing reputation of a casino in the eyes of the world then the demands to follow the regulations will be increasingly tightened. In the end we may not see any more Non KYC casino even though they are crypto casino. Personally I have to narrow down the list of casinos that are often visited and choose one casino to subscribe to. 1 KYC may be necessary but to spread it to all casino is definitely not something I would do.
Maybe this is also one of the reasons why casino migrated to the telegram mini app. Maybe Roll Eyes

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.

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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?

If every casino site asks for KYC, then of course I will do KYC, because I have been gambling for a long time, so I enter gambling with a budget of $ 20 to $ 30 per week. So in this general way I do not hesitate to do KYC because it will provide me with more security because even if gambling creates the most alarming situation, many people will stay away from KYC and those who are the most real users will pass what is happening. Because KYC will not bother me, so I will stick to KYC duties on trusted sites for gambling.

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