They’re fun to play with because we get to enjoy the main reason why we prefer crypto over fiat when gambling , no KYC requirements. But of course, the risk is high. If one day we get lucky, win big, and the casino decides to freeze our winnings, there’s nothing much we can do. The government won’t help since these sites aren’t under their jurisdiction. That’s the only real danger I see. The best way to minimize it is by playing on highly reputable casinos, even if they’re unregulated, because reputation matters more than a license. Once a casino ruins its name, it’s basically out of business.
Dude, there is an option to play by depositing cryptocurrency in casinos, but it's not true that those casinos are decentralized or don't require any verification.
Because if we look at the current situation, most of the reputable casinos that have a license from a good license provider require KYC verification, even if they were the crypto casino. This is mainly done for the Anti-Money Laundering Act.
I was actually talking about those casinos that don't require KYC verification at all and only require a wallet to be able to gamble there.