This is in connection back to the thread I made about casinos mandating users to complete Level 2 KYC by the end of the year. By now, we probably have an idea that over time, more and more casinos will likely adopt similar requirements.
So, here’s the question: if all crypto casinos started requiring KYC before you can gamble, what would you do? Would you go ahead and pass the KYC to continue gambling? Would you switch to fiat casinos instead? Stop gambling altogether? Or maybe start looking for a decentralized casino to avoid the hassle?
Generally, people of different age groups are attracted to gambling, especially young people participate in online gambling. If KYC is made mandatory in every casino site, especially those under 18 years of age will generally not be able to do KYC due to lack of useful information and data, so they will not be able to do account verification in casinos where KYC is mandatory, thus reducing their participation. Moreover, since KYC will be mandatory for withdrawals, citizens of countries where gambling and casinos are illegal will not be able to participate.