As far as the KYC for betting sites is concerned, I myself feel uncomfortable with this, why gamblers have to do the kYC, while betting is still illegal in many countries. Unlike exchange sites that actually require user data because of regulations or to meet their legality requirements.
there are licenses that support and require casinos to enforce KYC for all their users. the same as those charged by the exchange. I understand this as an effort to minimize the abuse of casinos for negative actions. That also applies to exchanges, right?
It is indeed unpleasant when we can create an account easily and make deposits smoothly, but it is difficult and the process takes a long time when we want to make a withdrawal. because we don't own the casino, and we only play there, we have to follow the rules of the game.
Speaking about licenses - they dont cost much. In this
topic it was discussed, that licenses give no guarantee or does not matter much. I would not say that licenses are something special and they enforce casinos to ask users to pass KYC. In general, licenses are for casinos, not for casino users. I would say that licenses have no connection with KYC at all, as licenses are issued with one institution, but KYC check performs a third party, that casino has contract with. I havent done KYC checking for casinos, but for example when you try to verify account on Bitget exchange, you upload your documents to
https://megacheck.vip/ page. Who are those megacheck? Are they reliable? Will my documents be save in their databases?