Quote from: traderethereum on Today at 10:37:19 AM

Quote from: summonerrk on December 21, 2024, 12:27:36 PM

Quote from: Ziskinberg on November 18, 2024, 11:14:59 AM

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?

In fact, I'm not sure that it's so bad and scary, because it's unlikely that the casino really trades in our personal data. I think most likely they are afraid of the hassle with the inspection authorities, who always require to know their user as much as possible, in our case, the gambler. Nevertheless, I don't like it when any service requires to show your face. I've seen this on the exchanges, but not in online casinos yet. This is pure extortion of biometric data and I do not approve of this. But unfortunately, I require this when I need to withdraw money. The world is becoming less and less anonymous.

If we choose a trust and have reputable casino, they will take care our document carefully and will not do something illegal with that. They will serves us better by always secure the document because they know that trust is the important thing for their customer. User can not do anything except follow the rules but they have choice not to do KYC if they don't like. If that so, user don't have to play gambling at that casino and search for the casino that don't have a too strict rules. But in the future, we don't know which casino that can be like that.

As far as I know, majority of casinos have handed all pertaining documents to a 3rd party, meaning that company is responsible for holding it and safe keeping and hopefully that there will be no leaks or an event of hacks because obviously our data could get to the hands of criminals and we don't know what kind of things they will do with that kind of data.

One thing though, is that with this kind of data, and with the AI modeling that we have, they could really take advantage of our info and maybe used it to predict our behavior in betting. So still even if this is the trend now of submitting our documents to casinos, one must still be very cautious.