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

[freedomgo]

The more regulators get involved with anything Decentralized, we should already know that there is lose if privacy and exposure to Centralised control, this is what is expected in most cases like this, so tax is very important to the government and for that reason, casinos most uptain license and get taxed to be able to operate.

If they were able to take something we all knew as decentralized and slowly push it toward centralization through regulation, then regulating gambling becomes even easier for them. And that’s clearly the direction we’re heading now.

Just look at the complaints in the scam accusation board. Most of them are already tied to KYC issues. That alone paints the picture of where things are right now and where this whole space is going. It’s not really hard to see anymore.

[AmoreJaz]

The end of no-KYC casino is still far in my opinion because not matter the pressure from of many countries, international casinos still make their rules and regulations with little influence from some governments. The highest governments can do is to block the IP of those casinos but that will not hold water because that can easily be bypassed through VPN. The best government can do is to collaborate with the casinos, give them safe atmosphere to operate and that is when they will really benefit in terms of revenue. However, no-KYC is just on theory, the casinos always have the caveat of reserving the right to ask for KYC when they deem it necessary.

Most licensed casinos are now requiring KYC from their respective players. It is like the norm already in most gambling sites which are operating legally.    Also, with the revenue they are getting, the government has the upper hand if they are licensed, as they can implement the tax protocols over their business.

[mcdouglasx]

Most people ignore security, but here, being a Bitcoin forum, it's more valued. Generally, people give out their personal data without much concern, which is why KYC is becoming increasingly important. Casinos respect the laws of their countries and protect themselves from legal problems, but I don't think this means the end of casinos without KYC because new sites will always emerge.

[Asiska02]

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 the end of it  all, we can’t fight the government and sometimes we just have to abide by their games in order to feel less stress on what we want to do. No one hopes to be under centralization, everyone wants to be independent of the system, because they can get to achieve better and faster here as the people are also not after a third party system the government has for long imposed on us. With the way things are going, KYC Casino will have to be at the forefront as the government will clearly give them authorization more as they work closely than other casinos who are fully not KYC’d compliance.

[Kelvinid]

Most countries are in huge debt. They taxed people more to pay for it, and see that the gambling industry is booming wildly. They consider it an opportunity. Sooner or later, we have no option but to follow their unfair treatment.

In fact, in my country, they have started to hunt illegal casinos, which means that they make sure that every casino pays them and make their players pay as well. That is why I expect a big change in the future…NO-KYC casinos will no longer exist as the government takes them down.

[goldkingcoiner]

if you’re just playing for fun with smaller bets, chances are you won’t get flagged for KYC at all.

^Basically this

But any kind of KYC is dangerous.
 
All it takes is one leak and you are in danger of identity theft. Or worse.
I would prefer a different KYC system to the one we have now. Too many people have our sensitive data.
Hopefully this will somehow change in the future.

[qwertyup23]

I do think this is the price we pay for having a regulated online gambling platform given that the government now recognizes the effects of it on the economy. With that being said, countries are starting to adapt gambling as a form of revenue due to its sheer amount of revenue generated annually.

Is this unfortunate for us who value privacy and anonymity? Definitely
Do we expect online gambling platform to shit primarily to mandatory submission of KYC documents? Definitely.

[Hispo]

There will be always some casinos which will remain non-KYC, but they won't ba as reliable as regulated and KYC/AML casinos are. In the end, it pretty much imposible to prevent people to try to open their own unregulated services on internet, they would only get shut down when they catch the attention of law enforcement.
I agree this is something quite similar to what happened with Bitcoin when it was a new asset and nobody paired attention to it, as it grew bigger it became too big for governments to ignore, so they decided to tax as much as it was possible.

It will suck, but it won't be as dystopian as many of us believe it will.

[HONDACD125]

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).

Isn't that already the case? You can barely find no-kyc casinos or platforms anymore, other than some decentralized trading platforms like swaps, where you don't even need to create an account since you can do swaps directly by connecting your wallet, but when it comes to casinos, I don't see any decentralized casinos around the industry, they are not advertised or popular even if one or two exist. I remember a decentralized casino was once announced on this forum, but it soon disappeared, mostly because of less activity.

I also think that players these days are also more comfortable playing on casinos that are regulated and ask for KYC whenever they deem fit, and they don't feel safe connecting their wallets to casino platforms with no regulation at all because who knows? A platform could do scams and there won't even be any way for people to complain or do anything, wallets could also get compromised. So I think gamblers won't care much even if no no-kyc casino exist and they will still continue gambling on platforms that require KYC.

[JiiBs]

Most countries are in huge debt. They taxed people more to pay for it, and see that the gambling industry is booming wildly. They consider it an opportunity. Sooner or later, we have no option but to follow their unfair treatment.

Obviously it’s a major reason why government keep up with gambling sites through its certifications to ensure they mandate KYC for gamblers. They certainly want gambling wins to be taxable and there is the money laundering problem. KYC  is the one means to not just recover this money but to track or do proper investigations on the persons involved.

Once the gambling site becomes too big, you can be rest assured the government through its agencies would come to ensure their is some level of KYC being done to that effect.

[ovcijisir]

if you’re just playing for fun with smaller bets, chances are you won’t get flagged for KYC at all.

^Basically this

But any kind of KYC is dangerous.
 
All it takes is one leak and you are in danger of identity theft. Or worse.
I would prefer a different KYC system to the one we have now. Too many people have our sensitive data.
Hopefully this will somehow change in the future.

Unfortunately playing with small bets isnt guarantee that user wont get flagged for KYC.

I got flagged in one casino with only 20 USD left, and got notice that I need to provide my ID at thd moment I wanted to withdraw my money.

As for dangers of doing KYC I fully agree, we never know how our data is stored and nothing can guarantee us that our personal jnfofmation wont get leaked.

[STT]

I think the opposite is more likely, its inevitable there is always non kyc operations no matter what.   Gambling is a natural thing so people will always arrange something, even in countries where gambling is banned in every way in law at least but people will still place bets via some means or method anyway.
   Thats been true centuries probably thousands of years, the idea every thing can be controlled I dont really rate but its probably the case the very largest revenue is within that realm because there is more to be lost and in cost by opposition to that policy.  It also depends on the flexibility of a country to recognize valid revenue and business opportunities are there for adults and its wasteful not to allow that.

[Alphakilo]

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).

Isn't that already the case? You can barely find no-kyc casinos or platforms anymore, other than some decentralized trading platforms like swaps, where you don't even need to create an account since you can do swaps directly by connecting your wallet, but when it comes to casinos, I don't see any decentralized casinos around the industry, they are not advertised or popular even if one or two exist. I remember a decentralized casino was once announced on this forum, but it soon disappeared, mostly because of less activity.

I also think that players these days are also more comfortable playing on casinos that are regulated and ask for KYC whenever they deem fit, and they don't feel safe connecting their wallets to casino platforms with no regulation at all because who knows? A platform could do scams and there won't even be any way for people to complain or do anything, wallets could also get compromised. So I think gamblers won't care much even if no no-kyc casino exist and they will still continue gambling on platforms that require KYC.

Gamblers care less because it is a habit or a means of entertainment and whether the government probes it or not, they will gamble.
I don't have issues with the KYC or no-kyc requirements, as long as I can doy transactions, fund and withdraw at any given time and there's no breach of my personal information publicly because that would amount to a law suit.

Even for individuals with their own personal funds, government always finds a way to keep them under close scrutiny and monitoring to ensure they earn in a legit way and thus pay their taxes, not to think of exchanges or gambling platforms with huge revenue.

[acroman08]

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?

Wether it is good for us gamblers will depend from person to person, if the person wants more assurance that the casino is legitimate and they have somewhere to complain to when they feel the casino wronged them, then it is good, but if the person prioritise anonimty then, then no.

Sadly, as online gambling accepts online gambling and take advantage of the possible revenue it can generate, more restriction and regulation will be put in place, which ultimately means, less privacy, more restrictions, regulations and yeah, fewer option for no-kyc casinos.

[r_victory]

I don't believe they will cease to exist. For comparison, exchanges are a regulated source of income in many countries, and we have many services that don't require verification or account registration. I don't know if they are considered illegal, but they exist and function normally; I believe the same applies to casinos. In short, it's unpredictable; when it comes to the interests of rulers and/or the dominant elites of society and the economy, anything can happen.

[Outhue]

No KYC casinos are already going to extinction, they mostly don't stay the same way for too long without breaking their own promises to their customers and it's not really their fault because the government gets to them always.

They won't be left alone to run their business without regulation bending them to their will, so don't blame online casinos when they ask you guys to start submitting your KYC information, right from the beginning governments won't let casinos run for free, some got lucky because they are not so popular but now things are different, they know how to go after every online casinos if they want.

[Darker45]

I don't think there will be a full death to non-KYC casinos. There will be decentralized casinos, for example. Even brick-and-mortar casinos aren't necessarily requiring each person who enters the gambling floor to submit his/her personal information.

And then there are also other alternatives for gamblers. There are poker clubs, bingo houses, and others that aren't also requiring KYC.

But I think account-based online casinos that need to legally register to be able to operate don't have a choice. They have to comply.

[rojan]

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 the end of it  all, we can’t fight the government and sometimes we just have to abide by their games in order to feel less stress on what we want to do. No one hopes to be under centralization, everyone wants to be independent of the system, because they can get to achieve better and faster here as the people are also not after a third party system the government has for long imposed on us. With the way things are going, KYC Casino will have to be at the forefront as the government will clearly give them authorization more as they work closely than other casinos who are fully not KYC’d compliance.

With governments actively exerting control over gambling to reap the benefits and regulate it, KYC casinos will have a larger chance of priority when compared to no-KYC sites. Although regulation helps to enhance trust and protection of the players, it decreases privacy and restricts the freedom of the user who is concerned with independence. No-KYC casinos will not completely vanish, but they are likely to be reduced, though the accessibility is likely to decrease.

[maydna]

Less privacy for crypto users, of course. The governments realize that crypto can hide the users and the government can't takes the advantage. Online crypto casinos grow fast amid this situation and the government wants to control casinos and gamblers at the same time. They impose KYC to gamblers by the casinos so they can take taxes in the name of development for their country.

The government see crypto can be used to launder money. They don't like it so they impose KYC to know the people behind. We may see less privacy in the future where people may difficult to hide themselves from the government. They can tighten their regulations so they will not lose something.

[EluguHcman]

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?

I am sure that the essence of KYC in the Crypto platforms whether casino or Blockchain is to control and collect players profile for documentations following regulatory requirements, and we know as much as we keep exposing our informations, so we are diminishing Privacies.

No KYC casinos was in the essence of keeping players expositions private where they are not revealing their real self to the public and with how regulations is growing high, it is almost like we are loosing Privacies which is just loosing players interests with the desires of facilitating without KYC.