Why are there so many users that play on gaming sites that do not even display who they are owned by? The terms and conditions shown on those websites are a joke, they are useless as they do not offer any information about who owns the websites and therefore who is liable in the event of a scam.
As long as its enticing, people will simply sign up and play. After all, how many would play detective? Either the owner is a nobody or people are too lazy to do their research. Unlike brick and mortar establishments.
TOS also mainly benefits the owner so they don't matter much for the end users.