Re: Are there any bitcoin Sportsbook without KYC procedure?

What is the main issue with KYC ? Why is it so bad and frowned upon by people ? Can't it prevent misbehavior by users and be a positive thing in some of the cases ?

My guess is that its often a trust issue. Not everybody is keen on sending their personal information to strangers, especially unlicensed ones. If the platform is "trusted" and licensed, users would be less apprehensive about sending in their IDs. Crypto-currency gambling exploded with the promise of keeping their users anonymous. but that is no longer the case, some of them use KYC as an excuse to keep deposits. Nitrogen has been the best non-kyc book so far,with fair odds. coinbet24.com has been great in that regard, but their odds are horrible.

Exactly it's a trust issue. Bitcoin allowed us to take this out of the equation, and centralized crypto exchanges, centralized BTC sports books, etc etc etc, have spent years trying to bring it back in.

But BookiePro is built ON a blockchain... so it is decentralized all the way through. That's why there is no KYC...

That's just wrong.Building on blockchain doesn't mean the service won't ask for the KYC documents. They games, provable fair mechanism would be on the chain but I'm sure they will imply rules since humans would be playing behind the screen.A simple example would be allowing multiple accounts.If they don't keep a track,a lot of players would create multiple accounts and cheat.This is just a mere instance where rules need to be applied explicitly even if the casino is based on the blockchain.

Its good if they are already aware on such possible scenario to happen but it is really prone to abuse and multi-accounting and i agree that there should be an immediate rules for this one if none then we do know the possible situations might happen ahead. There are still some Sportsbook who arent asking out for KYC unless on some circumstances which you do really need to comply if been asked.

A lot can be said in both ways. KYC prevents some cases of misuse and cheating, but in the same way you should ask for it from the very start (the registration) and not wait for people to gamble and IF they win and want to withdraw ask them for KYC. With all the new regulations all over the world, everything a company does should be completely transparent because trust goes both ways.