I recently noticed a trend where no-KYC crypto casinos are becoming increasingly popular in regions with strict regulatory environments. What do you think are the key factors driving this shift, and how might it impact responsible gambling practices?
People wanted to gamble anonymously especially those who use cryptocurrency for gambling. So we can say that it is anonymity that is the key factor to drive this shift. With anonymity, they can play on the platform anywhere they are since it is highly possible that there is no region restriction in this platform.
I believe its impact on responsible gambling is negative since there are features disabled or can easily be circumvented when the player has a change of heart concerning responsible gambling.
One example is the possible lack of a deposit limit on the platform and make the player to gamble an amount more than they usually spend. With the missing KYC, the player can create several accounts which can be used to bypass gambling exclusions if they have a change of heart after their request of an exclusion is granted.
When thinking of the impact on responsible gambling practices it's not just the overcoming of strict regulatory environments I have in mind. But rather also easy access to illicit use such as by minors, etc..
True with anonymous gambling and not regulated, minors can have easy access to the platform. With several security features disabled, this minors can have all the freedom to access the site and may enhance the possibility of getting addicted.