Post
Topic
Board Gambling discussion
Re: A Max Win is the worst thing that could happen to you.
by
lizarder
on 08/09/2024, 08:12:20 UTC
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?
Do gamblers care about the KYC process required and I am sure only a few people might think about it. The rest they never care even if they have to complete the KYC process to withdraw their funds after winning big in gambling.

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?
We should have understood the rules they apply from the start and if they do not intend to complete the KYC process they should look for another casino. But I am sure that almost many people will never care about KYC issues and they will do it if necessary. Especially if they win big and KYC is definitely not something bad for them to do.

What is the difference with us doing KYC on exchanges when involved in trading or investing, even though doing KYC is bad because it talks about identity. But I think it all comes back to each individual whether they want to do it or not according to their luck.