Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.
Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.
If you could do KYC process before making a deposit, would you do it?
When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?
Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?
To your first question, I would say that it is always best to pass your KYC verification even before making a deposit and playing on a casino, this is if like you did mentioned, the casino allows you to do so, like when I joined stake.com, after signing up, I straight away went to my profile and completed the kyc verification even before making my first deposit, not minding the fact that passing kyc verification was not really mandatory at the time, but today I am happy because even if a make a max win, the casino won't have to bug me with account verification.
To your second question, it absolutely not right to be afraid of max win as a result of fear of being asked to pass kyc verification, its definitely better to hit a max win than lose all your money to gambling, yeah?
To your third question, stealing is abit different from money laundering, when a gambler wins, and the casino require kyc verification before they can pay the gambler, and the gambler provided all the documents the casino requested for, but still, the casino held the money back, it simply means the casino management are thieves, they are trying to rob the gambler off his winning and such matter shouldn't be taken lightly.