You are very much correct that small users will not want to expose their private information just because they want play gambling particularly since they already have an existing account with other gambling site for which they are good with the gambling company. I wish them well with their KYC policy.
I would say that those small users who will pass the KYC is out of their mind. If there's a breach of personal information then their at their loss if ever theit identity would be use to do illegal things. I wouldn't also gamble in their site. Take a look at the op, it's been too long since the thread is posted and the op didn't seem to update the thread and did not even make the ann thread presentable plus I don't see any copper membership that will help make a presentable announcement thread then that means that they are not serious enough to make their gambling site competitive to other gambling sites.