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?
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..
The illicit use is probably a bigger issue than its impact on responsible gambling because gambling in general shouldn't be easily accessible for minors, but if a casino has no requirement for KYC and doesn't ask a customer to provide any personal identification, anyone from any age group can access such a platform and use it for gambling as long as they also have access to cryptocurrencies, and that isn't a problem as well thanks to decentralized exchanges.
The reason behind the trend is probably the never-ending demand of cryptocurrency enthusiasts about protecting their privacy and their non-willingness to provide personal information to such platforms. Now, a business would surely think of ways they can use to increase their revenue.