There is another thing that has been bugging me with the way some casinos request for KYC. If I don't agree to the KYC terms, is it in order for the casino to hold my funds as ransom until I provide the said documents?
What about sending the funds back to me and they just close/lock the account and I never get to use their platform again?
Some exchanges do this all the time. If you don't agree to their KYC terms, the only active option you have in your account is the withdrawal button. I think casinos should adopt this too instead of this endless rope pulling.
This is a valid argument and definitely something we should discuss more. We have seen numerous cases of casino operators changing their terms of service 'on the fly,' transitioning from No-KYC to Full KYC, disregarding the fact that these were not the terms under which users initially entered into a relationship with them. At the very least, casino operators should allow users to withdraw funds from their accounts before imposing the full KYC verification requirement. This would provide users with a fair opportunity to access their existing balances without being subjected to sudden and unexpected demands for personal information. Users who initially joined the platform under different conditions should not be trapped in a situation where they cannot access their funds.
The thing is, some platforms are all about making a quick buck and raking in short-term profits. They don't seem to realize that their shady actions could seriously mess up their rep in the long haul within the community. I've been thinking, maybe it's about time we put together a list of those platforms that, well, they're not exactly scams, but they're not too far off either. You know, the ones that don't play fair and don't care about ethics, but only care about their own pockets.