I was thinking about this question over the weekend and I cannot seem to find legitimate reasons why people would want to play at casinos that do not require KYC verification.
1. KYC requirements reduce money laundering.
Does this really works? I mean how can this work properly, if a person is asked to pass KYC only after he wins and tries to withdraw his balance. I have never seen a casino sending funds back, because they were transferred from some kind of a "grey" wallet. I have never seen any casino refusing to accept gamblers funds because the origin of the funds is questionable.
The main purpose of KYC on AML policy is to track gamblers after they do the money laundering not before because casino doesn’t care about the source wallet of the funds. It’s for recording purposes so that they can present evidence once a certain person that doing laundering is being trace by the authorities.
This why some user really hate KYC because they will leave traces once the authorities track them down. AML policy is the main reason why the casino ask KYC since they shouldn’t really care if their player launder if they will not be liable to the law by being accessory to the crime.