Moreover this money lauderers know that the risk behind putting their money on gambling platforms and won't want to pass through the stress of these wagering requirements or kyc processes before withdrawal, they know chance of losing their stolen money is high and would seek other alternatives instead of going through those stressful processes
I understand that going through the gambling process and then fulfilling the wagering requirements can be a headache in itself but then what are the other ways of whiting the black money without any stress? I guess the other ways are even more difficult because exchanges have a lot more strict KYC policies and they would not let you withdraw if they saw anything suspicious about your account.
Perhaps, the money launderers already know that casinos are now tightening their rules by asking their users to do KYC, including those who use big money to gamble. Casinos want to protect their business from the illegal activities carried out by these money launderers, so they feel compelled to implement KYC on big gamblers.
Well, perhaps it makes some big gamblers who have nothing to do with illegal activities feel uncomfortable, but they have to follow the rules of the casino. Meanwhile, money launderers feel their movements have become increasingly limited with KYC. And there is a possibility that they will ask someone else to do KYC so they can use the verified account freely.