It's not bad if a casino has a 1x wagering requirement since it is obvious that it's part of the licensing requirement to subject players' deposits to some wagering condition to minimize using the casino for money laundering.
That would make sense but still, there are those that won't be pleased, both genuine users and none genuine once (the once that would want to use casinos for money laundering). Gamblers would see that to be risking more at any time than they would have liked to but, its a system that could tackle money laundering but, is that the most concerns to gambling sites, gamblers or regulators?
You can't archive all but still, your to place more concerns on your customers.
While a 1x waging requirement might prove effective in casino gambling where the uncertainty is higher, I won't see it to work so much in sportsbook where team strengths can be measured by the quality of players and form. This makes it easy to get around.
- I don't think that a casino can be a conduit for money laundering, but it seems that something like this is possible. Because it can't be noticed just like that, maybe that's why sometimes they ask for kyc first for verification purposes only, even though they really have a different alibi.
it's just that often when you play, the invested fund loses, so the risk level is quite high to be honest.
There are different alibis which we really don't know it's all on how the site/casino will implement or will be ask from you once you try to transfer your money out from your bankroll, maybe money laundering is one of the reason or the site are just delaying your request hoping that you will continue playing and eventually you will lose your money back including your own bankroll.
Whatever the reason, there's nothing you can do. If you want to withdraw your money, you need to comply and reach the wagering requirements.