I’ve noticed some scam accusation posts against certain casinos, and there seems to be a trend here.
Some casinos advertise themselves as KYC-free, but the moment you win big, that’s when they suddenly put all the requirements on you. And it’s not just basic KYC, they ask for heavy documents like passports, and some even request bank account details.
So I’m wondering, is this really a legal safeguard, or are they just using it as their own policy to forfeit players’ winnings?
This is actually a serious concern. Most of us might not have reached that level yet, but what if one day we do hit it big and end up facing the same situation?
They are not using their own policies for these advanced KYC processes that they implement to their users. They won't just forfeit the winnings of these winners and that's why they're asked to.
The casinos are also followers of the regulations that are protecting them and so, they have to comply. I think most of the casinos nowadays are requiring KYC.
And those who wins a lot, as in huge winnings, they won't just be allowed to withdraw it without going through the verification.