@edondoko
When I registered my account at the website stake.com around 3 years ago, they did not even ask for a name or address!
Starting January 2025, Stake will make KYC mandatory:
I think by now the gamblers also know that casino have to comply with regulations, and many would be willing to accept the change.
After 7 years in business, Stake suddenly has to comply with regulations?
But that would mean during the past 7 years they had not to comply with regulations?
Yeah, I wonder why Stake suddenly does this? hmmmm...
In another aspect it is something very good as their will be much less claims or accusations in terms of scams because of this.
Well I will comment only the assertion of the KYC at the registration process in stake.com. I believed from your points of arguments both of you are not new gamblers and new to stake.com. and you know how the registration was and how stake.com asked participants of the casino to did KYC to level up from level 1 to level 2 and those who did it were given some sum of dollars and that happened last year and a deadline was given to those who had not did their KYC. So if you were actively participating you would have experienced it as well. And the registration of stake.com was always with KYC and the only thing was there was no ID Card and other documents addition but mobile phone number and email address, and addresses were there so KYC is not a new thing in stake. This has been discussed in this thread many times.
I don't know why people like to cry foul when they ask them to perform a lawful exercise. How else would Stake explain to them to the point of compensating? No-KYC casino is different from KYC casino, and if the KYC casino has not asked you for the KYC today doesn't mean they will not ask you for it the next tomorrow or do not have the right to ask you for it. KYC casino customers should rather get ready if they are lazy enough to do it ASAP.
On top of it all, Stake made sure that a regular message was being displayed on the member area as a countdown reminder for the exercise and even updated that failure to do it would automatically set the account into a withdraw-only mode. If you can withdraw your money, is there any shadiness in that? I can't understand people and their inclination to dissatisfaction and lawlessness.
You make a valid point about security for both sides, and I’d happily accept this had it been implemented earlier. Unfortunately, it’s happening now, which complicates things for users like me who registered before these new rules.
This only reinforces my argument: why is Stake suddenly making KYC mandatory now? Which regulation or ruling is driving this sudden change? Really perfect timing for them considering my case as they can now say: Look! We made it mandatory! We comply with all rules!
I really hope they run out of business. All these years of money laundering, fraud and more just goes unnoticed at this point