Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
Well i think it's due to the high level of online fraudulent activities currently thst triggered most casinos to start implementing the KYC policy, especially with those online Crypto casinos that have the interest of their customers security at heart. Well it’s not a bad implemention to help make sure bettors don't use the sites to launder money or cases with hackers, having easy assess to bettors funds.
But some companies are not very transparent with their KYC policy, they make it very hard and frustrating for customers and i believe that's why some individuals are against the KYC policy, not that they feel it's bad but with the frustrating experience they've had from most online casinos. Well with the high crime rate online lately i think more gambling platforms would begin to implement KYC policy instead of revert it.