Ninjastic
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Board Gambling discussion
Re: Why do you want to play on casinos without KYC requirements?
by
Yatsan
on 16/11/2023, 18:05:25 UTC
Quote from: Rabata on Today at 05:46:11 PM
Quote from: 0t3p0t on Today at 04:48:53 PM
Quote from: Kakmakr on November 13, 2023, 05:55:45 AM
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.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.  

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it.  Grin
I am not against KYC requirement in gambling but the thing is our privacy and security. When there is a data breach our personal information will surely be compromised. KYC is good to be honest as it prevent the possible money laundering and scammers or any other illegal activities within gambling sites and or facilities.
KYC plays an important role in suppressing any illegal activities. Although Crypto Casino was intended as a gambling platform without KYC, many miscreants are taking advantage of this opportunity, which is one of the reasons for breaking the peace order for any country. KYC plays an important role to get rid of such situations. Moreover, KYC has also been made mandatory as per the laws of the country. If there is no misuse of KYC information then I don't think it will be too much of a problem for anyone but otherwise there is a risk of gamblers losing their information.
KYC procedures has its own importance but we cannot blame gamblers who are against it simply because they are conscious of their personal information which is on the other hand could really be at risk. On my end, I’m fine following KYC requirements as long as it is on trusted gambling sites. The only thing which pushed me to do so is the idea that a reputable platform won’t throw its reputation just for the sake of IDs and names of small time gamblers unless private keys are included. From being here in this industry for years, fortunately I haven’t encountered any problem concerning KYC procedures. But of course this should not be an excuse for us to take extra caution of sending informations especially to new gambling platforms.