Know your customer (kyc) is one security measure I support and do not hesitate to fill-in all my kyc required details. KYc is being used by exchanges, ico project some bounty managers etc.
But is kyc really needed in gambling section. I experienced a very hectic kyc procedure when trying to register onto a gambling site with them telling me they would get back to me after some day so I wonder what if I got a pressing game I needed to play immediately.
In my own opinion kyc is not of major importance in gambling section. What do you guys think
I'm not supportive of KYC but there have been so many occasions where the bettors made a lot of money from playing the games and since these gambling sites want compliant and transparency that they want to know who they are going to pay huge amount and wants to keep a record on who got a huge winnings in their platform, in case authorities check the record for compliance, that is what I understand.