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..
First of all, whether a casino is KYC or non-KYC does not have a direct effect on whether the individual engages in responsible or irresponsible gambling. If you go to a KYC casino and spend more money than usual, or spend your whole day there, it is still considered irresponsible gambling. The KYC casino will not monitor you, chase you out, or log you off the site. In fact, they are looking for your money, so they will let you play on.
On the other hand, non-KYC casinos can accommodate minors and facilitate other illegal activities because the are a so-called 'safe space' that allow some players to engage in shady activities. Also, non-KYC casinos have a large population because many people want to bypass KYC requirements. Some individuals don't want to provide their legal documents for because they are insecure about sharing their sensitive information with the gambling site or are looking for ways to engage in illegal activities using the gambling site.