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 only reason why there will be a trend where non-kyc casinos are becoming more popular and increasing in their number of users is due to the fact that most gamblers hate kyc and everything that has to do with it, so, most of this gamblere are abandoning the casino that have made kyc compulsory for those ones where they wouldn't be asked to submit their document for whatever reason.
But on the other hand, I do not think that non-kyc casinos are becoming that much popular since alot of the casino enabled casinos are still very much flourishing and doing very well for themselves, most casinos that come out as non-kyc casinos are mostly ones that are brand new and have not gone through the process of registering the business and acquiring the necessary licenses required to run the casino legitimately, so, this is to say that even those who use such casinos are talking a risk they don't even know about, or may not know about since a casino like this have close down any time and run away without any trace.
And speaking of minors participating in gambling, this days, I do not think kyc can be or is effective enough in fighting against minors participating in gambling, many of them use the document of their elderly ones to verify their account without the elderly one even knowing it.