Post
Topic
Board Gambling
Re: Stake lvl 2 verification
by
Coin_trader
on 06/12/2024, 12:57:10 UTC

Reread the post carefully. Stake is getting more and more centralised with time implying that government regulations are forcing them to enforce higher levels of KYC as time passes sadly.
Stake has always been centralized when it comes to their games, but this KYC requirement is a different story. It’s not surprising, though, it’s been expected that sooner or later, most popular crypto casinos would have to enforce KYC requirements. As crypto becomes more mainstream, governments are bound to tighten regulations, especially since casinos are often targeted by money launderers looking to clean their dirty money.

It’s more of a precautionary measure, but if this privacy issue bothers us, we always have the option to walk away and look for other casinos that still have more relaxed KYC policies. There are always alternatives, but this trend seems inevitable as the industry evolves.

Stake.com still has their original games which promotes provably fair games. I’m not sure if I understand the centralized game both of you referring here but I’m assuming centralized game like slot which the result can’t be verified unlike house games that fairness can be verify in the blockchain.

Regulation is inevitable all services that generates profit from their customers. Gambling industry is just to be regulated strictly but this is the future if we want this business to continue operating smoothly.