Web3 has dapps. so possibly the bet, winnings and paying is processed there. While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.
Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.
Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.
Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.
This is right. As a player I actually don't care about whether it is web 3.0 or not what I am looking is the promotion, benefits, bonuses and securtiy of the website I am playing with. Most of them do ask kyc as it is what it is and you wont be depositing if you dont know that.
Some people think just because it is a Web 3.0 doesn't mean that they would not ask the players to undergo KYC.