I agree, it is dumb for a casino not to KYC a player before they sign up, because they could deposit their own money/receive a tip, and try to withdraw but that money is just gone. Makes me think some casinos are thieves, such as roobet. Happened to me, but I ended up just KYCing, but for people who don’t have it available, they just have frozen money.
Really disappointing but these days, we have to prepare for that as they will be able to ask you KYC anytime. That is why it is better to choose a legit and reputable site so if they ask for that we don't bother and worry about complying with it knowing that they will keep it and not use it for other purposes.
Nowadays, it is an urge by the government as well for casinos to do that in order to avoid fraud and other illegal transactions, we have to admit that it was a drill for them otherwise, the government will stop their operation. We have to admit that our privacy is soon to be over, we can't hide anymore.
Indeed. Regulated casinos will sooner or later ask their customers to verify their identity to continue playing or to be able to withdraw, and this is not new anymore. So expect such thing will happen if you're playing in centralized casinos. Therefore, much better to KYC first before making your first deposit to make sure you're already verified because who knows you might end up winning a decent amount. But be sure you are dealing with a reputable casinos. Anyway, it is still our choice if we don't want to submit our private information because we are free to look for alternative.
Except the alternative one is looking for is a decentralized casino that functions and operate like Uniswap, pancakeswap, chainge.finance and other complete decentralized platforms, else, on centralized casino, there will always be a chance that a player will be asked to verify his or her account upon winning a good amount of money and requesting a withdrawal.
Centralized casinos doesn't have to be regulated before they are compel or force kyc verification on a user. For the registered and regulated casinos, there reason for requesting kyc verification from their users after a big win is understandable based on the regulatory laws governing the gambling industry.
But for the unregistered and unregulated casinos, which usually means that the casino in question is not big enough yet, they still can force a user to pass kyc verification if the user wins a business threatening amount of money, some casinos in this category use kyc to frustrate their users into on their own, forfeiting the won money back to the casino, and simply calling them a scam and moving on. And meanwhile for the casino, their business still goes on and may also do same to another user who again, win an amount money the casino thinks is a threat to their business.
So, the best is for us to always choose a well reputable casino, pass kyc verification and start playing with peace of mind.