Topic: Why do casinos require users to verify their identity through a KYC policy? - page 3. (Read 651 times)

Aside from the multiple accounts issue, casinos are often required by their gambling licensing firm (in some cases, not all) to collect customer id documents especially if the amount exceeds a  certain amount — say $1K and above. Most of the reports you see in forum are thousand multiples hence whry the requirements. Smaller withdrawals usually fly under the radar.

Additionally, if there are manipulative behaviors spotted, it can be flagged for KYC. In some cases, the casino might just outright want to do it on their own accord.

some people who have a different or a multiple account is people that always have issue for verification of account and the mainly they are the people who is cheating for any gambling platform because to verify the account they will find it very difficult so that is why request platform of Casino gambling or other gambling always request for kyc verification

Certainly, the significance of KYC with respect to online wagering is no trifling matter and well worth consideration. KYC stands for Know Your Customer, which is a process used by a gambling operator to verify the identity of their players and ensure that they are in compliance with the laws and regulations that apply to them.

A core reason why KYC holds such importance lies in its capability to act as a bulwark against fraudulent activities and money laundering. By verifying the identity of the players involved, operators can ascertain that the individual engaging in gambling is indeed who they claim to be, thus ensuring that they are not misrepresenting themselves through the use of falsified or suspicious identity documents. This act serves to uphold the integrity of online gambling by preventing unauthorized participation from dishonest players. In addition to this, KYC also plays a pivotal role in ensuring the security and well-being of the players themselves. Through checks on both identity and age, operators can guarantee that individuals do not place themselves or others at risk through irresponsible wagering, an action inclusive of denying those below the legal gambling age access to online gambling platforms. In other words, implementing KYC also helps build trust between operators and players.

What sort of cheating do you mean, is about the gambler cheating in games or having multiple accounts with one casino? In the case of multiple to one casino surely KYC will be able to reveal because a single individual can't use same particulars to pass KYC in different accounts, he will be caught in the process. I think casinos'ask for KYC when certain account are suspected to be owned by one individual just so they can prevent against abuse of bonuses and other offers and their policy too

That is true, that is why licensed casinos are implementing the KYC/AML policy aside from battling the multi-account of players, who are abusing some of their promos or bonuses. Money laundering is usually the common reason why some high rollers are using casinos - that is, to wash their money. However, with the KYC protocol, the casino is being protected in case the authorities come knocking on their door. As they have the information of their users, they can give it to the authorities if there is legal basis given to them.

a normal circumstances a verification of any account it is based on to know the individual who owns the account very well so that when I know issues come up they will know the direction they can trust trace the person and noticed, the person, I know quite well that whosoever that is having any accusation on its account and the person have done a verification that accusation will not be valued because anyone who present its document is no longer doing illegal he knows what it is doing

Cheating is strictly prohibited in all casinos, as it could ruin the reputation of a certain casino, and as an effect, will also leave a negative impact on the cheater itself that may lead being banned to all regulated casinos. This is why KYC verification has been made compulsory, in order to protect the casino out from all forms of cheating, and to protect the gamblers inside the casino not to be cheated or experienced the cheating scenarios. With this, although KYC is somewhat breaking our anonymity, but we all know it’s all done also not just for the safety of the casino itself but as well as to the gamblers themselves.

Some casinos even request for KYC before even using their platform. The main reason casinos require KYC is to protect their business the authorities who will come heavily against them if illicit funds passes through their platform. In other words, KYC is used to fight against money laundering,  terrorism financing, drug and human trafficking and other financial crimes. Even though I'm not too comfortable with KYC due to privacy, I just gave the reason why casinos implement such.

They need to make the verification process as part of the normal procedures needed to make them have a control over their users, avoid scam and hack on the user account, this will prevent any third party from having access on the gamblers account and take over when they are not the real holders, It is also important that the gamblers be able to know their limit and ensure they have every required information's needed for their identity before starting with the use of any casino.

KYC is also important to discourage criminals from using the casino websites since they know that at some point they will have to submit those documents, they will stay far away from patronizing the casinos because they do not draw attention to themselves. Criminals who want to launder money cannot because kdn

They usually claim their gambling licenses require to KYC their customers, they also invoke AML laws and regulations, those accepting fiat currencies can also pretend to be forced by their banking partner like some exchanges say. But in reality it's mostly to be able to detect and prevent multi-account abusers who cheat bonuses, promotions of tournaments and also to be able to ban more efficiently good bettors who are able to earn money from them in the long run instead of giving money to them.

This might be part of their security measure to detect fraud and laundering, also they are regulated and they have no choice but to follow the regulations especially regarding KYC. Though it’s sad to see KYC in crypto gambling but I guess we can’t escape this one as most of the top casinos are already asking for the KYC and yeah we also want to gamble on a site with a license so either we deal with this or look for alternatives.

The money laundering people use the gambling site to do the money laundering,in order avoid such things.Most of the gambling site enable the kyc as the initial requirement to do play of the gambling game.This will monitor by the gambling site the huge amount of the deposit,the transaction fee in the gambling site also low.So the money laundering people use the gambling site often in the past.The second reason was to avoid the same person to create the multiple accounts in the gambling site and to avoid of the gambling multiple winning money to the same account,the gambling site should give equal opportunity to all the players to make the money based on their skills.

If the same person play with the same game with the multiple accounts,it was easy to win the money and this is not the ethical way in the gambling site.This also help the gamblers to get addicted to the gambling site by the huge loss if they play with multiple accounts based on the skills.

There are many reason for that. One of the main reason is to this requires to get licensed from the company policy.
And now why they required this ? Because to prevent the Money laundering, funding the ter*rorist organisation, and as well as preventing  the underaged gambling.  In fact, the main point is that not only good people live in this world but also many bad people live here and for this reason it is necessary to apply these policies.

Casinos sometimes demand KYC when  they observe discrepancies in the details of their customers. They do that so as to make sure  there is no issues in withdrawal as it is possible that someone might fake identity to steal from someone's account or when they notice a different IP login from that account for withdrawal which looks strange to them. In that case, to be on the safe side protecting the account and their brand, they lock the account and demand for KYC to verify the identity of the ownership of the account.

Maybe they have some kind of database, when someone is suspected of cheating, they ask for KYC and then put him in the database. You know when we read the comments of some casinos they must not disclose how they detect various scammers. For sure there is some database of all suspicious people, with personal data, IP addresses they used, a description of their cheating methods...


A detailed answer can only come from someone who has worked in a casino at a higher level, every casino certainly has its own ways of fighting fraudsters. One thing is certain their job is not easy at all... Today it is so easy to find KYC documents and change IP addresses, it is a struggle that will never end.

I doubt if we've got any gambler that doesn't know the reason why casinos request for KYCs...well, if that was the case, I'd say KYCs are generally and compulsorily initiated by every individual regardless of who they are and whether or not they have multiple accounts. I believe even a kid knows about the recent money laundering sagas and how the governments are fighting to keep away from it - IMHO, crypto casinos would be one the smartest ways to move tainted coins, assuming there wasn't anything like KYC(know your customer)

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Also, you might fall into a case of intrusion, by either your close friends or families... They can't have an access to your account for withdrawals of any sort ^{[even though the passcodes code be saved to the device you're using.]}

Do you know that when you have fund inside your account it become more difficult to pass kyc why because the system will be very sensitive to detect errors that could come from your document, if some casino doesn't asked for kyc then it means that they web3 (decentralized platform) where you only need connect your wallet to gamble or you create your wallet on their platform which you would still have the keys of that wallet then you can make deposit at anytime. This type of casino doesn't asked for kyc from the origin except otherwise deem necessary for them asked maybe if you violate any of their rules.

this is just an opinion of mine, but my guess is that if they ask for KYC upfront it might deter gamblers who are looking for casinos to try, I mean, I for one avoid casinos that require KYC upon registration. sa for why they wait until they suspect the user of cheating, I guess they want to make sure to Identify the gambler and prevent potential cheating in the future by the same gambler. also, I am sure there are other reasons why they only once they suspected a user is cheating.

Cheating can mean the gambler is using multiple accounts to take advantage of a casino's features or promotions. And by the terms of the casino, multi accounts is a forbidden practice, which is severily punished once caught by the house's operators. In order to find out if a gambler is doing such practices, the casino may demand KYC procedure from him, so he will inevitably have to provide different IDs to prove each account belongs to a different person. However, if a single gambler is using all the accounts simultaneously, he won't have how to pass through KYC procedure.

That is why it's necessary to undergo through KYC when the casino is suspecting someone is cheating on them. As we can see, both subjects are directly connected.