Post
Topic
Board Gambling discussion
Re: UK fines online casino for only asking KYC from winning gamblers
by
Finestream
on 27/01/2023, 19:11:13 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?
For KYC casinos, it would be good if people that are signing up should do KYC before they can deposit.

It is a very good idea but it would be good for punters to always read casino ToS before they register and they should provide necessary documents for KYC, they should do KYC before they deposit.

Many gambling sites are doing this to cheat their customers, it is common everywhere.
Yes, KYC should be done before deposits and not only in time of withdrawals so that it will create more transparency on the part of gamblers. And casinos should also be responsible to do that so that there will no upcoming issues that they only require KYC when winning a huge amount as to give the bettor a hard time to claim what he had won.