Quote from: Silberman on January 23, 2023, 08:21:36 PM

One fairly common complain among gamblers is they are allowed to make a deposit at casinos and lose their money without any issue, but if they happen to win and they want to make a withdrawal then they are hit with a KYC request almost immediately, Tonybet a fiat Estonian casino was fined more than 400,000 pounds for this practice and it seems the regulators are now interested in making reforms to the laws and force casinos to also make checks on those gamblers which have lost a lot of money.

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'm not sure about the security of personal data if KYC is needed for that, and in my opinion this policy carried out by gambling sites is unfair, people who have lost their money on the site do not apply anything, but lucky people win in the gambling then when you want to withdraw the money is subject to the conditions that you have to do KYC, it's as if the bookies are not willing to give the money that the gambler makes without the winner providing the data, in my opinion that's unfair.

I myself do not agree if KYC is applied to all gambling sites, especially gambling with crypto currency because I think email and cellphone numbers are enough.
If that is the case, regulations must be set to provide a middle ground for gamblers and gambling owners in UK.