Re: Information of Crypto Casinos License and KYC requirements
⭐ Merited by Pmalek (1)
I would really like to know what systems and algorithms they have in place to look at a player's gambling history and patterns and determine that they are possibly dealing with an underaged player? Are there certain bets that a 17-year old would place but an 19-year old never would because he is of legal age? Nonsense.
A 15-17 years old is mature enough to manage their funds. They also knows how to take the risk with their funds. So, there won't be any difference between a 18 or above years old and 15 to 17 years old people betting pattern. There could be some differences in terms of risk management if any 12 or less years old start betting. Generally, no casino has any system to determine the underage gamblers.Crashino.com KYC policy and advertising system is questionable from my view. The may suspect any user as an underage gambler. Then they will apply the identity verification rules to him. Moreover, they should block the user account if anyone breach their terms. I can't see the reason to apply the KYC requirement in that case.
~ A casino that does not require KYC will have no license to speak of and no reason to pay you out if you win big unless they are a very long-standing, well-known and reputable casino operator. ~snip~ A cheap no-KYC casino is most likely a scam. Their main mission is to grab your money and run.
Quoting this to give an example here. User ‘bambolina’ has created a scam accusation against ‘LTC Casino’ one month ago (See here). LTC Casino doesn't have the gambling license and KYC verification isn't required there. LTC Casino team aren't making much response in bitcointalk forum. Even they aren't cooperating with the casino guru team (who are working as a middleman to solve the complaint). And here is the last response which user ‘bambolina’ has received from casino guru team
So, a licensed casino with KYC requirement is better than a new, unlicensed and ‘no KYC' casino. If LTC Casino had the gambling license then there would have been an option to force them through the license provider to resolve the issue quickly.