Is the end of no-KYC casinos inevitable as governments chase gambling revenue?

[Questat]

It's about time to embrace that we're no longer anonymous, and so with that, we might be similar to fiat base casinos already as we are mandated to seen our personal data in every casinos that we are going to register and play.

Yes, that’s the reality. Some casinos advertise themselves as anonymous, but in substance they really aren’t, especially if they’re licensed.
We just have to be realistic and aware that governments are watching. Crypto has become too big for them to ignore, and they obviously want their share. That’s basically what regulation is, and KYC is the most basic part of it.

So it's the part of parcels of it, more casinos=more options to play, however, it means that we don't have that kind of privacy that we used to have when crypto base casinos are just starting it. Up to us whether we will embrace this changes or not.

If we don’t embrace it, life would feel pretty boring without a bit of gambling.

[348Judah]

Maybe this could rather be a time for gamblers to always go or the best that works in their own interest when it comes to gambling casinos, choose a no kyc platform to gamble and don't also use your information that are traced to to for any online registration, while in all your earnings, avoid gambling related information or descriptions, so that you don't get tax from such.

[TheUltraElite]

Since bitcoin is equal to freedom from government restrictions, the people who use bitcoin will always prefer casinos that are no-kyc. But the world does not have a majority in bitcoin users but non bitcoin users. They dont care about KYC and will give their identity to anyone asking to verify it. Hence even if the casinos become kyc enforced such people will come and the casinos will run.

The fact that you dont like kyc does not matter much to the casino.

Hence no-kyc things will eventually vanish and they will all become kyc enforced anyway.

[asriloni]

More  casino gets licensed means the players get more protection. It means less users will be fooled by casino. Like or not casino has to comply with the regulation means the only casino that can fulfill requirement to get a license will be operated. This is also pressuring the anon-casino too. So it may be reducing the scam casino, and users get saved.

I know another important part is about taxation, but who cares. As a user what we need is protection.

[Sammye3]

With the involvement of the government, definitely rules are going to get stricter and laws would be implemented too. But I think it could be a bit more reliable for gamblers as gambling sites couuld be trusted with the government's involvement but could also be bad for gamblers with KYC verifications as not many people like the idea of that in gambling.

Bitcoin has a long time being a solid ground for digital transactions and every government would not want to ignore it's efficiency. With the rising interest in gambling and crypto, most gamblers could begin to feel the safety of their personal information from KYC can be at stake and the risk of breach, but there is always an advantage and disadvantage to everything right?

[Dr.Bitcoin_Strange]

So the question is, as the gambling industry continues to grow and become more “legitimate” in the eyes of governments, is this actually good for us as players? Or does it just mean less privacy, more restrictions, and fewer options like no-KYC casinos?

Obviously there are millions of gamblers that doesn't mind doing KYC, as a matter of fact, millions of them have already done  KYC on those reputable casino that ask for KYC. For any casino that is licensed by the authority of some countries, they will always demand for KYC, some casino that doesn't ask for KYC when you start gambling, will definitely ask for it later the trend is continuous. Just some web3 casino where you are required to connect wallet and play will not request for KYC, but that's just for now, we don't know if that's going to change in the future.

[Yaunfitda]

Maybe this could rather be a time for gamblers to always go or the best that works in their own interest when it comes to gambling casinos, choose a no kyc platform to gamble and don't also use your information that are traced to to for any online registration, while in all your earnings, avoid gambling related information or descriptions, so that you don't get tax from such.

However, only few casinos are left with no KYC and even if they did say it, sooner or later there could be changes in their ToS to cover and then then are going to ask for our all personal information. So for me, it's inevitable, crypto base wouldn't or couldn't exists now without KYC as there will be a lot of pressures from governments to crypto regulation to mandate everyone on of them to enforced KYC. And obviously, just like in land base casinos, government are open to it as long as casinos are going to pay tax to the tax man. So maybe in just the next couple of years, no crypto based casinos could be called "no-KYC". Everyone of them will have to accept it and same with crypto gamblers. There's no escape now for playing without paying tax.

[Zadicar]

Yes, that is where this is going. Can it be stopped? I don't think so. The gambling business will comply because that means they can continue making more money. They will just need to adjust their house edge to pay the government for taxes.

But let us not forget, some countries don't mind banning gambling. They want it gone because it is making their people go poor. For a country with a corrupt government, it might be good to continue and apply regulations so they can maximize the profits they will make directly to their pockets. But for a country who does care with it's people, it's better if it's gone or only tourists can access the gambling places.

And this is something which is inevitable and just like we do all expect that government will definitely be that trying out to get their hands into things on which they do know that they can be able to take advantage on, and since we are talking about taxation on which this is literally speaking about money on which they wont be that allowing themselves on getting behind and its not that shocking anymore. These business might wayback that they are anonymous but since they would be needing up that licensing then they are that obliged to go with the regulation on which even if it means that will sacrifice anonymity. There's nothing we can do about it but to embrace up such changes. I do remember back into those early years that you can be able to play directly without needing up some verification before you can be able to withdraw, unlike now on which you would be needing up to have such verification before you can proceed on everything.

[Pandu Geddon]

So the question is, as the gambling industry continues to grow and become more “legitimate” in the eyes of governments, is this actually good for us as players? Or does it just mean less privacy, more restrictions, and fewer options like no-KYC casinos?

Fewer, it might be affected. Because government regulations will definitely move towards casino control, with the reason given being the protection of customer or citizen data. In fact, what they are really after is taxes. Not just taxes from casinos, but also from gamblers. 
In any case, the tax revenue from the gambling business is very good for the government. But I am sure illegal gambling will also grow as regulations become stricter.

[casey15]

Just like you said about regulations, these casinos may not really be the problem but the government. This is because most government now implement policies that more or less does not really favour these companies but because of the number of customers usually from such countries, they have no other option than to comply. And these KYC verification may either be part of policies or it could be as a result of the company taking note of where their services are more prominent. Either way, I don't think it will be much of a hassle as I have noticed that most casinos don't bother you too much about KYC if you are just going to withdraw small amounts of money, only when there is a massive win or a massive withdrawal to be paid.. some of these countries tax the casinos too and so it is understandable.

[letteredhub]

Almost every well known casino has some form of KYC enforcement. Some are more privacy friendly and won’t request your personal information unless you make a large withdrawal or they notice something suspicious, but KYC is still there.

In my opinion that's a no privacy friendly attitude in any way but just an operational strategy to lure in many customers from other casinos who instantly request KYC at time of account registration.

The idea is that there's no need to be in a rush to demand for KYC when they can do it at anytime at their will. And it's even more caging for the customer who has a deposit in his account who can't for reason of KYC being demanded later on to then forfeit the account.

[YOSHIE]

So the question is, as the gambling industry continues to grow and become more “legitimate” in the eyes of governments, is this actually good for us as players? Or does it just mean less privacy, more restrictions, and fewer options like no-KYC casinos?

In my opinion, KYC casinos and non-KYC casinos are, in my understanding, two different types of privacy, although KYC and non-KYC are contradictory, but in some places and regions, as far as I know, both cannot be separated from monitoring by the respective governments and regional authorities.

I still see many casinos without KYC but they are sorted by the government, meaning whether KYC or not is not a serious problem for online casino users, they can still choose to play and carry out gambling activities.

For me the government has another privacy in terms of revenue, Licensing, kyc and other rules completely rights for casinos, every casino operating in that jurisdiction must pay tribute to the authority, all problems are resolved, otherwise the operating permit is in becklis.

[348Judah]

Maybe the country involved here should be advised to hear from what the US president is currently implementing on concerning taxing gambling, that this should not be and the are putting a stop on taxing gambling, which i see that others should do the same, because those that gambles are only doing that to risk their money and have fun, but when they won, we cant now come out boldly to claim part of the fortune  they struggle to made.

[Fortify]

With more countries now openly treating gambling as a serious source of revenue, I think we can already see where this is heading, like sooner or later, no-KYC casinos might disappear, and full KYC will just be something players have no choice but to comply with. (sad).

We’ve seen this pattern before with Bitcoin during the early stage, back when it wasn’t popular, governments mostly ignored it. No clear rules, no strong enforcement, everyone was free to experiment, buts sad part is once adoption grew and the money became too big to ignore, regulation followed.

Now we’re seeing similar reports with gambling which some countries are showing rising gambling revenues, and that’s usually a signal for governments to step in harder. More money coming in means more attention, and more attention almost always means stricter regulation, not less.

So the question is, as the gambling industry continues to grow and become more “legitimate” in the eyes of governments, is this actually good for us as players? Or does it just mean less privacy, more restrictions, and fewer options like no-KYC casinos?

Notably, this rise also points to greater levels of activity in the gaming industry, as well as an improvement in the level of compliance and collection. It is also indicated that gaming operators are making progressively bigger contributions to the revenue pool.

It's a bit of a catch 22 situation with this at the moment and casinos that don't comply will likely face restrictions in the most lucrative markets out there. Many gambling companies are interested in business from richer countries, because consumers have more free cash to splash, but those countries are also starting to get a lot more restrictive - even banning sites that don't comply with financial regulator demands. So gambling sites have a choice to make and it will be most likely made on profitability, do they gain more from conforming with those rules or ignoring government demands.

[Agbamoni]

Most times the government tighten regulations casinos for other reasons beyond economic advantages which includes protecting the citizens from overindulgence in gambling and overall ensuring responsible gambling and preventing underage gambling. To curb excessive gambling, the may instruct the casino to implement limits on deposits, self-exclusion features and even provide support to those with gambling problems.

They regulate the casino also to ensure fairness in their operations and ensure the citizens are not victimized while opening legal windows in the case of unfair treatment to the citizens.

If you think the government cares about over-indulgence in gambling, you are mistaken. They dont care how often you gamble because the more you gamble, the more tax they get from your winnings. What I think they only care about is underage gambling.

They dont care about fairness. When you see governments freeze an account due to illegal activities, always know they have a hidden motive for doing so. The main purpose is to seize the money in that account, and the casino can't do anything but comply.

[Doan9269]

This is not as in a form of attack to rebel against government tax, but the fact that paying of tax must not be extended to the gambling areas, also for some of us that are gambling and don't know what is at stake depending on the casino platform we make use of, i hope we don't fall into the hands of those that will release every of our details upon request to the government for further actions against us.

[rdluffy]

Most times the government tighten regulations casinos for other reasons beyond economic advantages which includes protecting the citizens from overindulgence in gambling and overall ensuring responsible gambling and preventing underage gambling. To curb excessive gambling, the may instruct the casino to implement limits on deposits, self-exclusion features and even provide support to those with gambling problems.

They regulate the casino also to ensure fairness in their operations and ensure the citizens are not victimized while opening legal windows in the case of unfair treatment to the citizens.

If you think the government cares about over-indulgence in gambling, you are mistaken. They dont care how often you gamble because the more you gamble, the more tax they get from your winnings. What I think they only care about is underage gambling.

They dont care about fairness. When you see governments freeze an account due to illegal activities, always know they have a hidden motive for doing so. The main purpose is to seize the money in that account, and the casino can't do anything but comply.

As I said in my previous post, I completely agree
At least here in my country (Brazil), the government has decreed that companies operating here, advertising here, or allowing users to bet using the country's IP address, must pay a license fee
The license costs 30 million reais, is valid for five years, and companies will also pay a tax of 12% to 18%

Nothing has been done and nothing has changed in terms of improvements for companies or bettors 

[DPHOR]

Of course where ever there is finance and improvements you definitely seek the attention of the government. That is what would happened in the gambling industry and the regulatory body would become more stricter to the level where they would want to have total control of everything that relates with gambling, whereby making it more tougher for the no-kyc-casinos. Of course from the looks of things the government would dearly fight against the no-kyc-casino as they would want to fully involved themselves to revenues of the gambling industries which they will enforced their taxation on.

[BABY SHOES]

For now, let’s just enjoy what casinos are currently offering. There are still plenty of casinos that don’t require KYC right away, and if you’re just playing for fun with smaller bets, chances are you won’t get flagged for KYC at all. I’m talking about the current situation, of course, this will probably change in the future.

In any case, you should always be prepared to provide the casino with your documents, even if they don't initially request it. There are dozens of stories of casinos questioning a player's identity, especially after a large win. If a player isn't prepared to provide their documents and KYC, they should always feel like they're walking a tightrope, as in an age of widespread regulation, someone will inevitably demand it. Our privacy ends when our online journey begins.

Yeah... we have to be prepared for any eventuality if the casino asks for identity for the purpose of large withdrawals or just other issues, this is a centralized casino that has a license which means they are regulated by the government so we have to be prepared for the consequences.

Privacy may be coming to an end, the government has taken control of almost all of the crypto sector because they have control over the regulations they make... whereas now most casinos are legal with a license so don't be surprised if KYC becomes mandatory one day.