Zero KYC tolerance gambling platforms - page 6.

Viscore

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Quote from: Adbitco on October 18, 2022, 03:13:32 AM

Sorry to say kyc is one thing important in gambling site to avoid money laundering and any mal activities which might likely happened. So as a gambler you should be prepare for revealing your personal identity or going through verifications processes.
I don't really see any laws holding you not to pass the verification process or maybe you are not wanting to gamble, most gambling site I have came across with always source for kyc details.

KYC verification is not new to us since most of the established and reputable casinos are already doing that. Except in gray areas, you don’t have to pass KYC but if you also win a huge amount, there will always be problems and delays for sure. The reason why we have to settle for KYC exchange, aside from we can gain more security from our possessions, we can also expect for fast and safe withrawal. Being anonymous is good, but if it’s the only reason why you can’t play your favorite game in a good and established casino, then it will still be useless in the end.

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Quote from: ChiNgadOr on November 05, 2022, 03:35:12 PM

...

I'm not advocating for making kyc mandatory but you raised a valid point! If your account get hacked or you lose access to it, how can you prove you are the real owner if you haven't verified your identity? Email address, wallet addresses and all that can be hacked too so it's not as solid proof as legal documents.
Despite how much I hate to admit it but identity verification does have some advantages.

sorry, I posted this on the wrong thread earlier and moved it here now.

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Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

I hope one day you don't explode with anger and surprise if you see your documents being illegally used by another person to commit fraud or a crime of some sort due to mismanagement by casinos, KYC and Bitcoin were never in the same pattern, their principle and mode of operation.
Casinos were long there and working in good shape until bitcoin Casino start popping up, since the traditional ones found out that they always have limitations in deposit and how to prove fairness to people, they started accepting bitcoin and some other sort of crypto and this decision increases the gambling casinos and people today due to use of bitcoin. Now, tell me why they shouldn't allow people to do their thing the bitcoin way and be KYCless, the email and mobile number are enough to allow any play free, at least they know who they are basically dealing with.

Additionally, submitting a KYC doesn't guarantee that a player is genuine, players can submit wrong documents and find their way out of strict casinos that always demand KYC, we need a financial environment to a level to protect people's privacy.

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Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, usually the application of KYC is to prevent people from laundering money, not only with the problem of tax burdens, especially the permits and legality of the casino sites that have been obtained, of course, they must comply with the laws in that country, so actually not all of them have to send their identity to the gambling site while submitting. the name and date of birth form seems to be sufficient for users who make small withdrawals, usually to follow KYC rules only for users who may be playing with thousands or tens of thousands of dollars

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Quote from: Jemzx00 on November 05, 2022, 10:49:52 AM

Quote from: ethereumhunter on November 05, 2022, 09:50:13 AM

Quote from: CryptoHeadlineNews on November 04, 2022, 03:50:16 PM

Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

If there is any abuse doing by the user, the casino can see their identity and immediately report it to the authorities. Indeed some gamblers who don't break any rules, don't like KYC for personal security reasons because they don't want to send their documents to other parties. But they are forced to obey him if they want to keep playing at the casino site.

But we can still play on casino sites without doing KYC because some casinos still allow it, especially if we only use small money to play gambling. And if the casino does a check, they will not find any violations or use of big money to gamble.

It's not all about the user's security but rather it also involves the security of the gambling platform itself such as what you've said about abusers or probably fraudulent transactions that they would like to avoid happening on their platform. If a gambler isn't comfortable providing their identity on the casino, then I suggest they either gamble small or avoid going over the withdrawal limit for KYC-free users and not doing anything that would violate the terms of the casino. But if you want to continue gambling at the said casino and that you trust it, then proceed with the KYC and avoid providing it on other platforms.

For the safety of the gambling platform, I'm sure they will always keep an eye on the platform for attacks or abuse from its members so that they can act quickly when they see something suspicious. And what you say is true not to use big money and never exceed the limit to avoid KYC, although that does not rule out the possibility that later the casino will apply KYC to all its members. If so, we have no other choice.

Quote from: Eureka_07 on November 05, 2022, 12:57:36 PM

Quote from: ethereumhunter on November 05, 2022, 09:50:13 AM

But there could be users that used the identity of other person for verification. Given that, let's say that the particular user used legitimate documents of himself/herself it will be then okay to be reported to the authorities.
The set of rules are dependent to the casino that implements it. If they are strict with it, then most probably you'll need to abide it otherwise, face the consequences such as not being able to play on their site anymore.

Yeah, I guess that's also the case because we know people can easily borrow other people's identities and verify their accounts. And as long as the verification doesn't use live verification, they can definitely verify their account easily. But the casino can still suspect if the account is not genuine. If we don't abuse or break the casino rules, we'll be fine gambling there.

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Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

KYC Is a very important requirements need by casinos to make sure that the original person is the one handling the account. Money is involved here and I bet it that no one will take it likely with a casino if they find out that there fund is no more in their account again which might be as a result of hackers compromising the account. This is where KYC is very important to ensure that in a case where the account is compromised the casino can ensure that the hacker has less activity to do which will limit them from taking full control of the account.

Mate2237

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Casinos are implementing it for the benefit of both parties. It will a good way to control money laundering because casinos are protecting their reputation against scammers and launderers. We might doubt it since we're going to provide our personal details but it will help us have assurance when it comes to security. It could stop illegal activities as well.

Yes that is nice idea of it. It will be safe for the two, just like an agreement between the two that agreed on a particular thing. Without KYC, many gamblers abuse the system. They misappropriate the whole system plus the bonuses. So the KYC the misappropriation of stake is control to some extent. But there are some casino company or sites that are not using KYC, yet they are doing fine. What method do you think they are using to control their customers?
With KYC the scamming rate of casino's platforms have been reduced. In the nutshell, KYC is the public key to verify the authenticity of the gambler

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Quote from: Z390 on October 18, 2022, 02:53:10 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 verification is always a very important requirement. However, if applied on crypto-gambling websites, shouldn't be mandatory or there's just an instance that it will be just asked depending on the account's problem or issues.

Technically, part of the regulation as it's not just to protect the site itself from abuse but also all of its users.

As far as I know, there's no crypto-gambling site yet that mandates KYC. If there is, may I know what are those sites?

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Quote from: Z390 on October 18, 2022, 02:53:10 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?

Believe me or not but KYC is mandatory in the gambling world in one way or another. You may be given some benefit on not doing the KYC initially on the gambling site but later you may have to do it as sometimes you are not able to withdraw without KYC or you are being given some limitations which can only be removed if you perform the KYC.

As far as gambling sites are concerned, they are being forced to implement KYC so that they are not accused of money laundering and can save themselves in case some mishaps happen regarding the irregularity of money usage or transfer.

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Quote from: Eureka_07 on November 05, 2022, 12:57:36 PM

Quote from: ethereumhunter on November 05, 2022, 09:50:13 AM

But there could be users that used the identity of other person for verification. Given that, let's say that the particular user used legitimate documents of himself/herself it will be then okay to be reported to the authorities.
The set of rules are dependent to the casino that implements it. If they are strict with it, then most probably you'll need to abide it otherwise, face the consequences such as not being able to play on their site anymore.

We know that there are indeed people who do make use of others identity or fake details or kyc verification but there are things which is part of verification which could easily exposed off if you are really that fake

or not and once they had able to see those differences then pretty sure there's no way for you to get out on getting blocked and locked up those funds on your account.We know that KYC do really sucks but

cant really deny out that they are just really that implying on what government had been required so imposing these rules strictly wouldnt really be that surprising.

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Quote from: ethereumhunter on November 05, 2022, 09:50:13 AM

But there could be users that used the identity of other person for verification. Given that, let's say that the particular user used legitimate documents of himself/herself it will be then okay to be reported to the authorities.
The set of rules are dependent to the casino that implements it. If they are strict with it, then most probably you'll need to abide it otherwise, face the consequences such as not being able to play on their site anymore.

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Quote from: ethereumhunter on November 05, 2022, 09:50:13 AM

Quote from: CryptoHeadlineNews on November 04, 2022, 03:50:16 PM

Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

If there is any abuse doing by the user, the casino can see their identity and immediately report it to the authorities. Indeed some gamblers who don't break any rules, don't like KYC for personal security reasons because they don't want to send their documents to other parties. But they are forced to obey him if they want to keep playing at the casino site.

But we can still play on casino sites without doing KYC because some casinos still allow it, especially if we only use small money to play gambling. And if the casino does a check, they will not find any violations or use of big money to gamble.

It's not all about the user's security but rather it also involves the security of the gambling platform itself such as what you've said about abusers or probably fraudulent transactions that they would like to avoid happening on their platform. If a gambler isn't comfortable providing their identity on the casino, then I suggest they either gamble small or avoid going over the withdrawal limit for KYC-free users and not doing anything that would violate the terms of the casino. But if you want to continue gambling at the said casino and that you trust it, then proceed with the KYC and avoid providing it on other platforms.

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Quote from: CryptoHeadlineNews on November 04, 2022, 03:50:16 PM

Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

If there is any abuse doing by the user, the casino can see their identity and immediately report it to the authorities. Indeed some gamblers who don't break any rules, don't like KYC for personal security reasons because they don't want to send their documents to other parties. But they are forced to obey him if they want to keep playing at the casino site.

But we can still play on casino sites without doing KYC because some casinos still allow it, especially if we only use small money to play gambling. And if the casino does a check, they will not find any violations or use of big money to gamble.

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Quote from: CryptoHeadlineNews on November 04, 2022, 03:50:16 PM

Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

Every casino has a dept reason why they are using some KYC in the first place. It because it will lead their customer to avoid cheating which not all but there are some gamblers who will cheat in a game in order to win the prizes and that's the reason why they are asking KYC from withdrawal and depositing a of money. But some gamblers prefer to don't have any KYC it because of security which is to avoid private information to be known.

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Quote from: Flexystar on November 04, 2022, 10:42:32 AM

I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

Yes, you have a point on this very statement of yours, and I have no doubt about it, because in as much as KYC is very important, there are some persons who don't like the idea of KYC, but not that it's bad, but for personal security reasons. But due to the level of internet fraud happening now our days, casinos have no choice but to implement it for fairness and ability to monitor all transactions

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I am not sure how can one expect KYC free casino? It’s financial domain and it has money involved in it so definitely they will need to verify us and with whom they are dealing. Plus they will always have pressure from the taxation authorities to show the information. This is due to electronic laws that will not allow free money circulation over the internet right? That’s the whole reason bitcoin was made by Mr Satoshi. However, this is a system and it will always get regulated with big authorities to overcome the tax burden.

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Quote from: ?? on ??

Quote from: Z390 on October 18, 2022, 02:53:10 AM

Where can one gamble with zero verification requirements?

there are some gambling sites that do not require KYC when you want to bet there. but later if you suddenly win big at the gambling and want to withdraw your money with a large amount, of course you will be asked to KYC

unfortunately scam casinos are using KYC as an argument not to pay, even when the customer wins 100$ scam casinos start using the argument that they have detected suspicious activity and the customer needs to KYC and when the customer does KYC they come with another story, like this The customer is sometimes told that he has too many accounts and for that reason the casino is closing the customer's account and confirming all the customer's winnings. and since no one else has access to the casino's security system, we are all forced to believe what the casino is saying, that is, it has become a very powerful weapon for the casinos.

Quote from: FatFork on November 04, 2022, 06:53:18 AM

That's exactly my point. I still think that requiring a full KYC for small amounts is overkill and I think that KYC and AML laws should be relaxed when it comes to recreational gambling. It's not a major financial transaction, nor one where the risk of money laundering is particularly high. Let players and casinos alike enjoy their games in peace. I mean, maybe it's just a matter of personal opinion, but shouldn't KYC and AML laws be concerned with preventing money laundering from the beginning and the source? No one is going to try to launder ill-gotten money by depositing $100 into an online casino platform, so AML laws make no sense here. And also, it doesn't really make sense to enforce AML when someone wins some amount gambling. Perhaps this unfair policy will change in the future, though; I would certainly hope so.

the worst part is that the owners of the casinos are anonymous people so it makes no sense to be asking people to do KYC when the owners of the casinos are anonymous people, i honestly can't understand this point of KYC, someone money launderer can also create casino, so why are governments not fair on this KYC issue? in new and anonymous casinos asking for KYC, and no one can guarantee that these new and anonymous casinos will get people's documents safe

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Quote from: _act_ on November 04, 2022, 02:48:47 AM

Quote from: FatFork on November 03, 2022, 01:42:05 PM

There are many reasons why KYC is bad, and why we should avoid it. But the biggest reason is that KYC makes it easy for governments to track your financial transactions.

We like it or not, the government are doing that. Are you not using bank? Have you not used a fiat gambling site before? Fiat gambling sites do require for KYC.

Yes, the governments are doing that. Whether we like it or not, we have to accept that. However, there is a difference between using banks and using online casinos. If I take cash from the bank and spend it on gambling, the government doesn't always have to know about it. Not all brick-and-mortar casinos require KYC, especially for small stake, casual gamblers.

Quote from: _act_ on November 04, 2022, 02:48:47 AM

Quote from: FatFork on November 03, 2022, 01:42:05 PM

KYC is destroying the spirit of online gambling. If you care about privacy, the anonymous way of life, and Satoshi's ideology, you're not going to be a fan of KYC, and you should refrain as much as possible from giving up your private information and from signing up to a KYC/AML gambling sites.

Probably we have different approach towards gambling, I gambler just for nothing too good or serious about it, I use just little amount to gamble, the reason I may consider KYC if demanded for. For gamblers that deposit high sum of money, I may advice them otherwise.

That's exactly my point. I still think that requiring a full KYC for small amounts is overkill and I think that KYC and AML laws should be relaxed when it comes to recreational gambling. It's not a major financial transaction, nor one where the risk of money laundering is particularly high. Let players and casinos alike enjoy their games in peace. I mean, maybe it's just a matter of personal opinion, but shouldn't KYC and AML laws be concerned with preventing money laundering from the beginning and the source? No one is going to try to launder ill-gotten money by depositing $100 into an online casino platform, so AML laws make no sense here. And also, it doesn't really make sense to enforce AML when someone wins some amount gambling. Perhaps this unfair policy will change in the future, though; I would certainly hope so.

_act_

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Quote from: FatFork on November 03, 2022, 01:42:05 PM

There are many reasons why KYC is bad, and why we should avoid it. But the biggest reason is that KYC makes it easy for governments to track your financial transactions.

We like it or not, the government are doing that. Are you not using bank? Have you not used a fiat gambling site before? Fiat gambling sites do require for KYC.

Quote from: FatFork on November 03, 2022, 01:42:05 PM

KYC asks for way too many personal details and it can easily put a target on your back. The government wants to know how much money you have, where it comes from, and what you do with it. The more data you give away, the more likely it is that someone could use this information against you. And if your information goes into a database somewhere, there's always a chance that it could get hacked, and then all of your private details would be in the wrong hands.

I accept this, we must also be very careful and avoid KYC whenever it is possible, but in reality, we can not completely avoid KYC.

Quote from: FatFork on November 03, 2022, 01:42:05 PM

KYC is destroying the spirit of online gambling. If you care about privacy, the anonymous way of life, and Satoshi's ideology, you're not going to be a fan of KYC, and you should refrain as much as possible from giving up your private information and from signing up to a KYC/AML gambling sites.

Probably we have different approach towards gambling, I gambler just for nothing too good or serious about it, I use just little amount to gamble, the reason I may consider KYC if demanded for. For gamblers that deposit high sum of money, I may advice them otherwise.

Topic: Zero KYC tolerance gambling platforms - page 6. (Read 4811 times)