Topic: What would be an ideal KYC solution? - page 4. (Read 4987 times)

I've been seeing quite a lot of users who have gambled at well-known casinos lately, complaining for various reasons, it's because of the ineffective KYC verification system, so that it is easy for users who do not want to accept their defeat when betting at online casinos to carry out the element of risk of accusations, fraud and crime.

In my opinion to avoid all the risks of crime against online casinos from users who blame various kinds of bonuses, multi-accounts and so on, in the system minimizing kyc a good and smart foundation to reduce the activity of several loopholes and manipulations such as fraud crimes in general.

On the one hand, a KYC strategy based on digital online casinos will drive transformation and will create multiple identity experiences for the casino as a whole, for example: KYC electronically the casino can get to know customers or users in detail, if a crime occurs as I said above at a later date.

If a gambler decided on what he wants, define his search and go after it, there's nothing bad about that, KYC is nit a thing of force to do, it has to be an optional decision to take and the extent to how you can research and trust the findings from your search is what should be considered, but we need to emphasize that casinos need not to frame things up about their KYC requirements before gamblers to engage them and later regret their decision in choosing them, which means there must be transparency in whatsoever thing we do.

Maybe falsification of documents to verify gambling accounts can happen. Still, it won't happen forever because the casino will look for ways to prevent it. Maybe later, there will be face identification of each gambler so that the casino will know that the account owner is really valid. We have seen that some exchanges are already doing face verification and this may also be implemented in casinos that want to have real members with the documents they have.

Most of the casinos nowadays really require a KYC because they are being regulated by the government. In this case, you'll know that they are already in centralized manner. Most casinos are like this because they have to adapt from the changes, otherwise, their operations might put into halt if they won't follow the authorities. Although yes, there are still casinos which do not require such. However, like what you said, the games are limited and they are only a few of them left as well.

There are also casinos who claim to having no KYC but on the latter part when you are going to withdraw your funds and prizes, they'll hold your account because you have to undergo the verification process. In this instance, you should be careful on where to play and where to sign up because you might be surprised at the end of the day.

However why this 1xbit spammers are saying KYC casino is good? what I know 1xbit is a casino that doesn't require KYC, so does this mean 1xbit is a bad casino?

There's no tools that has a perfect system to distinguish between fake documents and legit documents, those tools only give a percentage of possible the documents got edited. False positive could happen, it would make a genuine gambler got accused, this is why requiring KYC is pointless.

This is quite smart and would be possible. It would be interesting to see how the casinos would battle an influx of fake documents... This would most likely create another completely opposite industry (e.g. software to detect fake documents).

Kyc is very important except that it's people that does not know the essence of kyc because if you work online then you will know that a platform giving you an order for kyc verification means that they want to put it your your account and also your phones created so that when anything happen to eat on an entire that is to show that you are one of them because all your documents have been very fine but some people does not understand it that way

KYC is good most time to verify the identities of users and need to be less for requirements. Some casinos asking for KYC do have another purposes for this which is why many gamblers do not like to use a KYC casinos. I can see that some of the verification is to ensure the users identities so that there will be less complains from users a out account problem or difficulties.

Fortunately I will say that a casino verification is something that will determine or attest that this person is credible and also part of the platform by 4 ft documentation to the platform but some people do not like to accept some verification of kyc in a platform because I find it very difficult to verify why it is something that protect you from having a miss found in your account

haha thanks, I'm trying to figure out who is running AI text generators on their accounts.

Sites can use the KYC procedure as they wish. There are no standard rules for this. Unfortunately, it is also often used to delay payouts, as we have seen in the past. And then when documents are requested, sites are happy to take weeks to complete the verification. There are also scams that ask for new additional documents. The KYC has always been there in online gambling. It has become more and more a requirement, but many gamblers will have few problems with it. In a gambling shop you also have to show your passport if you are going to gamble there.

I agree with you. I, too, am of the opinion that KYC cannot give any guarantee that the account really belongs to the person in whose name it is registered. I've heard more than once that abusers have hundreds of accounts on various sites.

There are more and more stories on the internet lately about someone being played with dip-fake technology. I think that even a video conference will not help to identify the person on the other end of the line, if it is very necessary.

I don’t believe that centralized casinos have high privacy because if they do, they don’t have to disclose our private information into the government that regulated them. But it’s not the case since centralized casinos have to follow the terms and conditions given by the government, otherwise they will subject for investigation. So my point is, let’s just accept the reality that if you gamble in reputable centralized casinos, be ready to take the risk since KYC is soon to become compulsory. And with that, privacy is no longer given to us as these casinos have taken our own privacy.

what is feared is that cases of money laundering will indeed occur, because online casinos will be very vulnerable to being misused as a place to store crime proceeds and eliminate traces by laundering money in casino games.
KYC regulations are needed to find out who the customer is who is depositing and withdrawing a lot of money in several transactions. Maybe not all of them require KYC, only in case of large withdrawals for security reasons. But will this be a good solution? in some online casinos KYC is required, and we as users are also given the choice whether to do KYC or not, we also have to really have the best and most trusted online casino. do not let the data that we input be misused. KYC is good for preventing money laundering and other types of crime, but KYC will also backfire if not in the right place.

I can't really gamble at casinos that exempt me from KYC. Some of the casinos don't ask for personal documents at first, but when you win something that looks like a big, they may demand that you complete the KYC. The lowest data is email, then cellphone number, and maybe they will ask for other data such as bills or whatever they think is necessary so that withdrawals can be made. Regulatory reasons may make sense, but it sure hurts the customer in the end when this data is leaked and misused.

KYC should not be required for any gambler, but since some people may use gambling sites for money laundering or other unlawful things, rules were definitely made. All problems start with the user himself, and therefore prevention is thought of regardless of being detrimental or beneficial to one side or both parties.

No law? Falsification of documents and Identity theft are both serious crimes and people who do this are liable for some jail time once caught. Other than doing illegal activities, you may make the KYC thing worst, especially when a gambling platform requested additional information regarding your documents as it is just made up. You may also, not receive or recover your funds if you won't be able to provide the same information if the casino asked for further verification.

KYC is a never-ending debate, but we all know what we want in this space, no KYC is a freedom you can't buy from anyone, it is an indispensable element for users regardless of the casino's benefits. Money laundering in casinos can be reduced by limiting the number of withdrawals unless the casino does so and uses the players as the victims.

Just a few hours ago, Cointracker users emails were leaked due to some carelessness on the team's part, and the users are angry and want to sue the company for allowing their data to be exposed, the same scenario can happen to Casino if it has not already happened, nobody can properly save your documents the way you do, and the moment they are uploaded to the internet, that is the end of your privacy.

KYC will be determined directly from the platform demands, because i think that each of the platform have their on way of making or having theirs method of verification, i know that in KYC verification what's necessary there is the image of the follow, so with such way i understand that KYC is something i believe that during the verification it demands one and two ways, so i believe that some people think that the demand of one particular platform concerning KYC verification is same thing.

I was laughing on this a bit too much

I loved the overview, and you're completely right, it would be doable.

There are no off the shelf services made for this specific purpose, at least none that I'm aware of, also I suspect that any currently available off the shelf text to AI service would have anti-counterfeit features in-built.

However given a combination of:
1: sufficient motivation
2: an imagination and an IQ slightly above the average intellect of  recent respondents to this thread
3: access to the correct training data such as the imagery stored in any kyc data base of any existing casino
4: the ethical values of the average casino owner

then it is my opinion that the quality of the image reproduction possible at current levels is sufficiently high enough to produce persuasive results. The quality of that imagery is improving at an exponential rate. I believe also that the Equivalent levels of high quality real-time video is not far off if not already within the realms of possibility.

I have already stated that KYC data is of high commercial value to a casino like stake.com. They are exerting high pressure on players to hand over that data at minimum cost before any legislation prevents them from doing this. Selling access to a KYC database for the purpose of building a text to image training model for deep fake ID image generation, is just one example of how players can be exploited beyond the traditional levels of exploitation you'd expect from the average online casino.