Zero KYC tolerance gambling platforms - page 3.

Obari

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Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

KYC is very important to crypto gambling over the years now and not just crypto gambling but gambling in general so as to enhance transpacific behavior of user in their casino and also avoid and prevent money laundering in any form on their casino.

KYC was also induced as a form of regulations mostly by the gambling board to help track the identity of players who are suspected of an criminal activity on the casino.

It is true that some gamblers if no majority of gamblers would prefer to stay anonymous while playing games so as to feel safe and more confident but the truth is that, most of this casinos will never review your identity to anyone without your consent.

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Quote from: delfastTions on November 23, 2022, 03:13:57 AM

Quote from: khaled0111 on November 21, 2022, 07:08:29 PM

Quote from: piebeyb on November 20, 2022, 08:32:21 AM

if we play a decentralized casino if we use a blockchain network that costs a lot I think it will cost money every time to make a bet and of course we only play connected to their smart contract so even though their casino site is not accessible maybe we can still withdraw money we went through their smart contract but it looks complicated for newbies, it all comes back to everyone's wishes if they don't mind KYC no problem as long as the casino is trusted and of course our money will also be safe there

That's correct. The good thing about dapps and smart contracts is that even if for some reason the website cease to exist or the team dissappear you still can withdraw your coins by interacting directly with the smart contract. The drawback is the excessive fees you have to pay for each transaction and the waiting time for its confirmation. This explains why decentralized casinos and blockchain games do not exist anymore.
Also, you can't develop very interactive games if they are going to be based on smart contracts.

Of course, the development of such smart contracts is extremely complex and time-consuming.
And by the way, the price of devs errors is very high. Even small bugs can completely ruin the whole game. But I think that the topic of developing such games is very relevant and someone will definitely work in this direction. First of all, because many millions of people are disgusted that some centralized services, such as online casinos, constantly require KYC.
And even those casinos that did not require verification before, comply with the requirements of regulators and gradually more and more of them require KYC.

Guys I have a friend who programs a lot and knows about smart contracts, he sometimes calls me because he is in Spain and doesn't work with that but he has done many courses and even with google, he has a lot of knowledge and knows how to program contacts, and He also understands them and knows when there are people who want to take advantage of others with the same thing, he is nothing more than saying and I can leave them his telegram, he tells me that there are many crooks who always want to take advantage of people to carry out their thefts and swindle them, he is able to unmask them, that is what he has told me, just in case any casino has problems because they have a key chip that can help them.

delfastTions

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Quote from: khaled0111 on November 21, 2022, 07:08:29 PM

Quote from: piebeyb on November 20, 2022, 08:32:21 AM

if we play a decentralized casino if we use a blockchain network that costs a lot I think it will cost money every time to make a bet and of course we only play connected to their smart contract so even though their casino site is not accessible maybe we can still withdraw money we went through their smart contract but it looks complicated for newbies, it all comes back to everyone's wishes if they don't mind KYC no problem as long as the casino is trusted and of course our money will also be safe there

That's correct. The good thing about dapps and smart contracts is that even if for some reason the website cease to exist or the team dissappear you still can withdraw your coins by interacting directly with the smart contract. The drawback is the excessive fees you have to pay for each transaction and the waiting time for its confirmation. This explains why decentralized casinos and blockchain games do not exist anymore.
Also, you can't develop very interactive games if they are going to be based on smart contracts.

Of course, the development of such smart contracts is extremely complex and time-consuming.
And by the way, the price of devs errors is very high. Even small bugs can completely ruin the whole game. But I think that the topic of developing such games is very relevant and someone will definitely work in this direction. First of all, because many millions of people are disgusted that some centralized services, such as online casinos, constantly require KYC.
And even those casinos that did not require verification before, comply with the requirements of regulators and gradually more and more of them require KYC.

Hamphser

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Quote from: khaled0111 on November 21, 2022, 07:08:29 PM

Quote from: piebeyb on November 20, 2022, 08:32:21 AM

if we play a decentralized casino if we use a blockchain network that costs a lot I think it will cost money every time to make a bet and of course we only play connected to their smart contract so even though their casino site is not accessible maybe we can still withdraw money we went through their smart contract but it looks complicated for newbies, it all comes back to everyone's wishes if they don't mind KYC no problem as long as the casino is trusted and of course our money will also be safe there

That's correct. The good thing about dapps and smart contracts is that even if for some reason the website cease to exist or the team dissappear you still can withdraw your coins by interacting directly with the smart contract. The drawback is the excessive fees you have to pay for each transaction and the waiting time for its confirmation. This explains why decentralized casinos and blockchain games do not exist anymore.
Also, you can't develop very interactive games if they are going to be based on smart contracts.

Decentralized is always been preferred due into its security but we cant really deny that it does have its con's which you had mentioned about fees and confirmation which is something that we dont really like

when we do gamble which means that we would really be sticking into those centralized stuff.Yes, it does really compromise that total anonymity and full control but we cant really just avoid
to stick on it because of the convenience that it gives.Well, it does mean that it do really have its cons but people wont care nor matter as long it do really give out that kind of
non hassle experience when it comes to playing gambling which they wouldnt really be having some headache.In speaking with KYc then it turns out that this had become the
standard of todays or simply it is something which is really that inevitable to happen once you do touch up regulated platforms.

khaled0111

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Quote from: piebeyb on November 20, 2022, 08:32:21 AM

if we play a decentralized casino if we use a blockchain network that costs a lot I think it will cost money every time to make a bet and of course we only play connected to their smart contract so even though their casino site is not accessible maybe we can still withdraw money we went through their smart contract but it looks complicated for newbies, it all comes back to everyone's wishes if they don't mind KYC no problem as long as the casino is trusted and of course our money will also be safe there

That's correct. The good thing about dapps and smart contracts is that even if for some reason the website cease to exist or the team dissappear you still can withdraw your coins by interacting directly with the smart contract. The drawback is the excessive fees you have to pay for each transaction and the waiting time for its confirmation. This explains why decentralized casinos and blockchain games do not exist anymore.
Also, you can't develop very interactive games if they are going to be based on smart contracts.

CryptoYar

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Quote from: Alisha-k on November 19, 2022, 04:48:29 PM

if crypto casino demand for KYC when huge prices are won for accurate documentation, Money Laundering prevention and fraudulent attempts. [...]

Despite this KYC verification, they have not been able to prevent it.

Let's take a look at the USA. "In the U.S., roughly $300 billion is laundered each year"

2% to 5% of the world's GDP is being laundered. "Between 2% and 5% of the world’s total GDP is lost to money laundering each year.
" Source

So KYC is useless in my opinion.

piebeyb

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Quote from: traderethereum on November 19, 2022, 09:54:27 AM

Quote from: piebeyb on November 19, 2022, 06:15:20 AM

therefore appear some decentralized casinos that do not require KYC on their sites and in the end it will also be a competitor of casinos that implement KYC , I also think there is no problem with that as long as the casino site does not abuse our identity and of course it's a trusted casino, but everything back again to the wishes of the gambler himself choose to live the existing reality or avoid it

We should be able to find a casino that can protect our identity well if we play at a casino that requires KYC.
But if we move to a decentralized casino, we have to be extra careful because we are using our wallets to gamble.
And some gamblers don't mind casinos requiring KYC because they may play there more often.
In addition, they also use more money than us, who only use small money.

if we play a decentralized casino if we use a blockchain network that costs a lot I think it will cost money every time to make a bet and of course we only play connected to their smart contract so even though their casino site is not accessible maybe we can still withdraw money we went through their smart contract but it looks complicated for newbies, it all comes back to everyone's wishes if they don't mind KYC no problem as long as the casino is trusted and of course our money will also be safe there

Alisha-k

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Quote from: Piesel on November 19, 2022, 02:18:25 PM

Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

There is nothing like zero KYC casino, and even though some site claim to be none KYC which is not true because at some point, their will still ask for kuc especially when your winning price is big and your want to withdraw an amount greater than $5000 at once.

Also, some ask for KYC when there is suspected system abuse from a player.

It is quite understandable if crypto casino demand for KYC when huge prices are won for accurate documentation, Money Laundering prevention and fraudulent attempts. But i don't know if Crypto Casinos that are completely decentralize ask for KYC when a user abuses the system or cheats. KYC within this casinos is just reserved for Deposit and withdrawal of big gains.

Piesel

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Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

There is nothing like zero KYC casino, and even though some site claim to be none KYC which is not true because at some point, their will still ask for kuc especially when your winning price is big and your want to withdraw an amount greater than $5000 at once.

Also, some ask for KYC when there is suspected system abuse from a player.

samuraijin

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Quote from: Eternad on November 19, 2022, 10:47:59 AM

Quote from: darkangel11 on November 19, 2022, 10:34:34 AM

Quote from: Finestream on November 18, 2022, 02:46:55 PM

Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

You're joking, right? Have you ever heard of data leaks? There was one where bitcointalk accounts were stolen a few years back and people were able to buy them on the dark web.
There was a big leak from facebook as well. And we're talking only about accounts, passwords, emails. In case of a casino KYC you're losing all your private data, your address, sometimes names of your parents, the number of your document, your nationality and this gets all linked to your crypto addreses that you use to deposit. With that it's easy to find you on other social platforms, here on bitcointalk where you reuse your addresses... If that gets leaked you're fucked.

The guy that you quote has a valid point as the use of KYC besides KYC on casino is being done with 3rd party KYC company for a secure data storage. This company has global license to do this kind of job to make the privacy of the user safe. Casino nowadays is complying to the regulators for safety of there consumer. Casino now are already evolved to a fully compliant to the law unlike before that is just a bunch of casino that owned by unknown without any license.

Is there a casino news that KYC credentials being leak? Even on big exchange? The only thing that this happened is on mediocre casino that doing KYC by there own service.

As far as I know, doing Kyc on several casino or exchange sites is only for withdrawing and depositing your funds when you want to play at a casino or trade, if there is a leak in our data system, is it possible that it was caused by gambling or trading sites, in my opinion it is not valid to serve as a site to leak someone's data, but negligence on our part, it could be without us realizing that we have done something that made our data leak out, such as participating in Airdrop or promotions that do KYC, because there are very rare cases leaks on gambling sites and trading sites..

This is just my speculation only !!

darkangel11

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Quote from: Eternad on November 19, 2022, 10:47:59 AM

The guy that you quote has a valid point as the use of KYC besides KYC on casino is being done with 3rd party KYC company for a secure data storage. This company has global license to do this kind of job to make the privacy of the user safe. Casino nowadays is complying to the regulators for safety of there consumer. Casino now are already evolved to a fully compliant to the law unlike before that is just a bunch of casino that owned by unknown without any license.

Is there a casino news that KYC credentials being leak? Even on big exchange? The only thing that this happened is on mediocre casino that doing KYC by there own service.

If it's done by a third party the risk is lower, but do all casinos nowadays do it this way? I don't think so. When you start playing at a casino, do you check whether KYC is done through a third party? I sure don't bother. I'm more interested in how much I can withdraw without having to submit any information.

I haven't heard of a casino leak, but do we really need one to understand how risky it is? It's like with holding coins on exchanges. You don't want to get caught in a bankruptcy with your coins frozen and you don't need a proof that it can happen. You just know it.

Read this:
https://bitcoinmagazine.com/business/probably-the-largest-kyc-data-leak-in-history-demonstrates-the-importance-of-bitcoin-privacy

Quote

As much as 8.2 terabytes of personal information data has allegedly leaked from users of India-based MobiKwik mobile payment’s wallet application and onto the dark web, according to a report from India Times.

Eternad

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Quote from: darkangel11 on November 19, 2022, 10:34:34 AM

Quote from: Finestream on November 18, 2022, 02:46:55 PM

Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

You're joking, right? Have you ever heard of data leaks? There was one where bitcointalk accounts were stolen a few years back and people were able to buy them on the dark web.
There was a big leak from facebook as well. And we're talking only about accounts, passwords, emails. In case of a casino KYC you're losing all your private data, your address, sometimes names of your parents, the number of your document, your nationality and this gets all linked to your crypto addreses that you use to deposit. With that it's easy to find you on other social platforms, here on bitcointalk where you reuse your addresses... If that gets leaked you're fucked.

The guy that you quote has a valid point as the use of KYC besides KYC on casino is being done with 3rd party KYC company for a secure data storage. This company has global license to do this kind of job to make the privacy of the user safe. Casino nowadays is complying to the regulators for safety of there consumer. Casino now are already evolved to a fully compliant to the law unlike before that is just a bunch of casino that owned by unknown without any license.

Is there a casino news that KYC credentials being leak? Even on big exchange? The only thing that this happened is on mediocre casino that doing KYC by there own service.

darkangel11

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Quote from: Finestream on November 18, 2022, 02:46:55 PM

Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

You're joking, right? Have you ever heard of data leaks? There was one where bitcointalk accounts were stolen a few years back and people were able to buy them on the dark web.
There was a big leak from facebook as well. And we're talking only about accounts, passwords, emails. In case of a casino KYC you're losing all your private data, your address, sometimes names of your parents, the number of your document, your nationality and this gets all linked to your crypto addreses that you use to deposit. With that it's easy to find you on other social platforms, here on bitcointalk where you reuse your addresses... If that gets leaked you're fucked.

Shamm

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Quote from: DoublerHunter on November 18, 2022, 07:03:49 PM

Quote from: erep on November 18, 2022, 05:24:01 PM

Quote from: Finestream on November 18, 2022, 02:46:55 PM

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

We have to check the detailed reputation of each platform to apply for KYC, because not every platform is eligible to provide KYC except for legitimate gambling sites but you must avoid gambling on new platforms to prevent unwanted things because many problems on new gambling sites but not all gambling sites new has a bad reputation.

^That is why I prefer to choose a KYC casino that operates at least a year old in service that has fewer complaints or there are no bad reviews.
KYC is very fragile to us, it will probably put our documents at risk when some companies close and sell our documents into the dark web which is very well-known as of now. We can avoid them as much as there is no KCY gambling casino. As long as there is an option to hide your identity, you can choose a no-KYC casino.

There are any option as a gambler need to decide because there's a casino who are less KYC but there are casino that ask more KYC
Like what other did I am also prefer to trusted KYC casino. it because it's better to play in trusted enough KYC casinos with a small complients and no bad review in order to prevent/keep our Identity silence and secure.

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Quote from: piebeyb on November 19, 2022, 06:15:20 AM

therefore appear some decentralized casinos that do not require KYC on their sites and in the end it will also be a competitor of casinos that implement KYC , I also think there is no problem with that as long as the casino site does not abuse our identity and of course it's a trusted casino, but everything back again to the wishes of the gambler himself choose to live the existing reality or avoid it

We should be able to find a casino that can protect our identity well if we play at a casino that requires KYC.
But if we move to a decentralized casino, we have to be extra careful because we are using our wallets to gamble.
And some gamblers don't mind casinos requiring KYC because they may play there more often.
In addition, they also use more money than us, who only use small money.

krishnaverma

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There are many gambling platforms that do not require KYC or at least advertise themselves with that tag. One such platform is Bitvest and they have official threads here. They also used to run a successful signature campaign here if I remember.

But I do not think you should be scared of KYC on gambling platforms. See any company has to adhere to the laws of that country to offer its services to citizens of that country. That is why most exchanges have KYC requirements. They have reasons behind this. First is to prevent money laundering as with KYC they can held you liable in case something wrong happens. Second is to ensure age compliance. Any country cannot allow people below certain age to do gambling and thus KYC is a must there.

piebeyb

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Quote from: Finestream on November 18, 2022, 02:46:55 PM

Quote from: Z390 on October 18, 2022, 03:53:10 AM

Is KYC verification very important to crypto gambling websites or this has something to do with their regulations rule? Where can one gamble with zero verification requirements?

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

therefore appear some decentralized casinos that do not require KYC on their sites and in the end it will also be a competitor of casinos that implement KYC , I also think there is no problem with that as long as the casino site does not abuse our identity and of course it's a trusted casino, but everything back again to the wishes of the gambler himself choose to live the existing reality or avoid it

DoublerHunter

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Quote from: erep on November 18, 2022, 05:24:01 PM

Quote from: Finestream on November 18, 2022, 02:46:55 PM

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

We have to check the detailed reputation of each platform to apply for KYC, because not every platform is eligible to provide KYC except for legitimate gambling sites but you must avoid gambling on new platforms to prevent unwanted things because many problems on new gambling sites but not all gambling sites new has a bad reputation.

^That is why I prefer to choose a KYC casino that operates at least a year old in service that has fewer complaints or there are no bad reviews.
KYC is very fragile to us, it will probably put our documents at risk when some companies close and sell our documents into the dark web which is very well-known as of now. We can avoid them as much as there is no KCY gambling casino. As long as there is an option to hide your identity, you can choose a no-KYC casino.

stomachgrowls

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Quote from: Slow death on November 18, 2022, 05:19:20 PM

Quote from: stomachgrowls on November 18, 2022, 03:47:17 PM

~

I believe that the core problem is not because people love to be anonymous, and the problem comes from the fact that casino owners are anonymous and casinos are also anonymous so who guarantees that the person's document will be safe and not sold on the black market? no one can give that guarantee and that makes people afraid, something quite understandable. I don't understand how governments put this KYC measure on the customer's side and not on the casino owner's side

Even if we do talk into those traditional things or services that we do have physically which do really ask out personal identification then we are already having those doubts on where those informations would be kept.

Yes, we do have that privacy act or law but it wont really be applicable on online platforms that we are dealing which the thing you do said was true where we cant really be so sure or to assure on where
these information would be kept safe.
Some are really that mindful about it and some doesnt really care at all.Even we do like it or not then we do really need to face nor deal on whats currently the set-up.

Jemzx00

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Quote from: Finestream on November 18, 2022, 02:46:55 PM

Submitting to KYC requirement will never bring harm for us if we analyze it deeply. In fact, this is more for our own good and security when it comes to our money. KYC is designed to reduce fraud and that money laundering is always included in it. So while others are still looking for KYC-free platforms, its better to accept the reality that in less than a year, all gambling institutions will make KYC as mandatory.

Actually, submitting KYC to each and every platform you'll be playing is too risky to do as your data will be saved on different platforms and you won't be able to know which is which if in case your documents will used for any illegal activities including money laundering, fraud, and any crimes relating to identity theft. It's good to provide KYC but it should only be done on a platform that has a solid reputation.

Quote from: erep on November 18, 2022, 05:24:01 PM

We have to check the detailed reputation of each platform to apply for KYC, because not every platform is eligible to provide KYC except for legitimate gambling sites but you must avoid gambling on new platforms to prevent unwanted things because many problems on new gambling sites but not all gambling sites new has a bad reputation.

It's not about avoiding new gambling platforms but more about checking the reputation of the platform itself to ensure that our KYC or identification will be safe and not be sold on any third-party marketplace which we all don't want to experience. There are new gambling platforms out here that has a much better reputation than those that it is already existing for a long time.

Topic: Zero KYC tolerance gambling platforms - page 3. (Read 4768 times)