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?
Conducting the KYC process before making a deposit is not bad. However, by completing KYC at the beginning, we may avoid potential future problems, especially if we win big. The verification process is often complicated. Many people get worried when winning large amounts because the KYC process can be really challenging and time consuming. Well, that of course can make experiences that should be fun a little tense.
Speaking of KYC policy, yes, casinos do so to prevent money laundering. But if the user is not able to fulfill the requirements and his money is detained by the casino, this may be another side of beneficial action. Isn't this actually in the end it creates problems they are willing to avoid? Naturally, this gives rise to issues of justice and transparency in the gambling industry, and why it’s wiser for players to get to know all the requirements before deciding on playing.