Post
Topic
Board Gambling discussion
Re: Is NO-KYC nullifying responsible gambling?
by
stompix
on 17/02/2025, 11:56:13 UTC
What do you think are the key factors driving this shift, and how might it impact responsible gambling practices?

Money, nothing else!
In order to get a license you need to obey the rules, obeying the rules means you need to pay staff for extra checks, you need to pay taxes you need to fully cooperate with the law, be it financial aspects and inspections or criminal and money laundering charges.

Now if you don't plan to obey the laws, what's the point in asking for KYC and driving away customers?
Simple as this!

No KYC casinos are like a coin with two faces, one is good and the other is bad. On the positive side, these platforms offer privacy for all players in all regions with an ease of access. For many, the ability to gamble without handing over sensitive personal information is a great deal for them especially for crypto enthusiasts who value decentralization.
However, the other side is where concerns like lack of KYC processes can create loopholes for illicit activities such as access by minors (something parents should take responsibility) money laundering, and even gambling addiction going unchecked.

That's the only downside?
The downside is that if the casino cheats you have nowhere to go because you, yourself knowingly from the strat broke the law by playing on it.
Good luck dragging them to court!