Quote from: marlboroza on Today at 10:51:29 AM

Quote from: tokeweed on July 29, 2020, 01:31:45 PM

It's really quite common for fiat sportsbetting sites to have 2x or 3x deposit roll overs from my experience...

Not from where I am coming from. Our gambling sites don't have rollover requirement, you are free to make deposit and if you don't like what they offer or if you have changed your mind and you don't want to place bet, you are free to withdraw full deposited amount, no questions asked.

Of course, you will need to provide them your full personal information when signing up and if there is something suspicious going on, government agency will probably contact you. All these rollover requirements, selective KYC over few bucks what some casinos are doing, bet half of your deposit is bullshit and it really doesn't prevent money laundering, however, it forces player to make more bets.

Quote from: tokeweed on July 29, 2020, 01:31:45 PM

And really, it's protection for the site from money laundering and stuff like bonus whoring if anything cos most crypto gambling sites don't really collect any identification

Having 2 scenarios:

1) player make $100 deposit, does 1/2/3/whatever rollover, lose $10 and withdraw $90, KYC free
2) player make $100 deposit, decide not to gamble and withdraw $100, casino refuse to send them their funds and enforce KYC check, telling them it is because of their AML policy and shitty ToS.

How the fuck is this protecting them from money laundering?

Ok... So how is Pinnacle, a fiat sports betting site that requires 1x roll over and that's as legit as they come fine and FJ that requires .5x roll over predatory? And 1x roll over is mostly industry standard for most bookies afaik.

And for 'item 2', money launderers pay people a percentage of the money to get them to use their identity, some could use fake ID's, etc, etc...