Quote from: freedomgo on Today at 09:26:29 AM

Quote from: Hispo on November 23, 2024, 02:33:33 PM

I would not like to sound extremely negative on that topic, on using KYC as a stalling tactic for shady casinos to steal from their lucky winners (or at least try to do so), but the vast majority of cases I have read online on casinos stalling winners with KYC are quite common while, on the other hand, I have not read about regulators pushing against those tactics or punishing casinos for abusing their KYC policies in order to delay delivering what is of gamblers property.

We can’t jump to conclusions, but your observation has merit because Curacao licenses are often criticized for providing less protection to players compared to stricter jurisdictions like the UK. That’s probably why most crypto casinos opt for a Curacao license as it’s more lenient and casino-friendly but not so much for the players.

That said, there’s some good news. I’ve read that Curacao is working on improving its oversight and regulatory functions. Hopefully, these changes will lead to better player protection, and we’ll see a positive shift in the near future.

To be honest I always thought most casinos went for Curaçao licenses instead of getting regulated in other major countries like the United States or the United Kingdom, because it was relatively cheaper for them to go with Curaçao and perhaps even faster to get down with all the paperwork involved during the process of issuing the licensing.
In general, I would like casinos not o ly to be licensed in a single jurisdiction which allows them to serve gamblers worldwide, the most licenses a casino holds, the better as it means there are several regulators watching not only on the activities of gamblers (who may be ill-intented) but also shady casinos which try to use their influence and the terms of service to go away with money they are supposed to give to the winner of a jackpot. Nobody likes regulation, until the moment one is getting rip off and needs and police officer to prevent it from happening.