For someone to be convinced to lend their KYC to others, it’s safe to assume they’re getting some form of compensation. But ask yourself, will that reward ever be bigger than the risk? Of course not. The risk is huge, so if you’ve even been thinking about doing this, stop now and understand what you’re really getting into.
This applies not only to gambling sites. Any provision of your personal data (KYC) to third parties creates a threat to you. No reward can compensate for potential risks.
If someone asks to provide someone else's KYC for money, then the first question that should arise is why he does not use his KYC?
Identity Theft: Once you submit your personal info, and if that website ever gets hacked, your data is out there forever. It can be used for all kinds of online transactions, legal or illegal, and that can haunt you in the future.
Not only in case of theft. Gambling website owners (or their unscrupulous employees) can sell your personal data themselves.
Privacy Exposure: Many of us chose crypto because of privacy, but now KYC has become the norm. To keep playing, some people give in and submit. Even though casinos are required to keep it confidential, hacks and breaches happen. If that data gets stolen, you lose the privacy you came here for.
KYC is a threat to privacy, so I would prefer a casino without KYC.
Legal Liability: This is the biggest risk. If your KYC ends up tied to something serious like money laundering or terrorism, authorities won’t hesitate to go after you. And since it’s your name on the account, you can’t simply deny it, you already submitted your documents.
These are exactly the potential risks that I spoke about above.
Bottom line... these days you can’t just trust anyone who asks to “collaborate” with you on KYC matters. The payout isn’t worth the risk.
Nowadays, offers to provide KYC for a fee should be rejected. I assume that in the near future this will be prohibited by law (in some countries).