Quote from: goinmerry on March 16, 2020, 10:39:11 PM

Quote from: OmegaStarScream on March 16, 2020, 03:19:25 PM

I'm a bit curious here. Why is it easier (compared to exchanges, payment processors, etc.) to run a gambling site without being forced to implement KYC/AML?

In my own view, it's because there is no pressure from the government. No hard and strict regulations imposed. Different from how fiat gambling is regulated.

Unlike in exchanges, gambling sites don't really hold their user's funds for a long time. It's like a gambler will just deposit on their gambling session, play and withdraw right away. If their user loses, no one to blame but themselves. Compare to exchanges where sometimes it was treated by a wallet by anyone, users here at least need protection.

But this is only my view as we all know gambling sites and exchange site does have a different nature on which the latter really needs a strong implementation of KYC for an obvious reason.

Because in gambling sites, there are rules and regulations that they must follow to avoid being reported and banned from the site. The money they've spend in gambling all because of their own decision and actions. The gambling site is not accountable for that if they lose all the money they have. KYC is not necessary and customers should be anonymous and all of the thing that they access is the wallet address for the gambling site to let them withdraw their money. It still depends on the gambling site if it wants to implement KYC to prevent those professional scammers to enter their site and harm other customers.