Post
Topic
Board Gambling discussion
Re: UK fines online casino for only asking KYC from winning gamblers
by
rhomelmabini
on 24/01/2023, 21:50:42 UTC
If those new regulations are passed they will affect not only fiat casinos but cryptocurrency casinos will have to eventually follow them as well, do you agree with this idea? Would you like to see casinos to be fined more often for the practice of only asking for personal information from winning gamblers or do you think this will have a harmful effect on their finances?

Source: https://www.theguardian.com/society/2023/jan/18/tonybet-fined-regulator-online-betting-id-checks-terms
I think I agree with that idea and it's fair considering most crypto casinos are practicing this way. I'm not saying everytime they do this they'll be fined but for sure leaving an example by the regulators will make other casinos to wonder and not do the same. I don't think it's all disadvantages on both parties.