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Author Topic: Is the end of no-KYC casinos inevitable as governments chase gambling revenue?  (Read 101 times)
Sanitough (OP)
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Today at 02:30:28 AM
 #1

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?



https://www.igamingtoday.com/paraguays-gambling-sector-surpasses-us32-million-in-revenue-in-2025/
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Annual Revenue Shows Strong Year-on-Year Expansion
The comparative table for the tolls accumulated by Conajzar, up to December 2025, reflects the cumulative revenues earned as G. 215,940,913,734, equivalent to about US$32.2 million. Indeed, there has been a very high increase compared to the toll revenues earned up to December 2024, which amounted to G. 175,768 million, equivalent to about US$22 million.

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.

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Today at 03:08:08 AM
 #2

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?
If you are concerned with our own privacy, this is really bad then. Especially if a gambling platform involves cryptocurrency, like a cryptocurrency gambling platform, where for sure that they will become stricter sooner. But so far, I think some of them are still basing in how much your deposits or account balance, or maybe how big your transactions are when you are using their platform.
We can relate this to how most cryptocurrency exchanges, and later on, most of them are asking you to undergo KYC.

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Today at 03:16:47 AM
 #3

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.

People really do love to gamble, which explains why gambling revenue is increasing in some of the countries you mentioned. But in the long run, does that really help the government? If employment is strong, maybe it’s fine. But if jobs are bad, those same people who lose money might end up relying on government assistance, and that just turns into another liability.

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Today at 05:22:35 AM
 #4

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.
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.

Quote
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 do not see the NO KYC casinos going away, there are still people who would gamble from restricted countries and NO KYC casinos would be their regular option. Also those who don't want to provide KYC in their country e.g underage gamblers and those who want to gamble freely without restrictions would still use NO KYC casinos.

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Today at 05:31:23 AM
 #5

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.

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Today at 05:39:32 AM
 #6

Perhaps someday such casinos will disappear completely. The tendency towards total control over all forms of calculations is obvious. Only a parallel (shadow) settlement system could counteract this. Cryptocurrencies should have become such a system (in theory), but instead cryptocurrencies have become part of the regular financial system and are similarly controlled (not completely yet, but this is temporary).


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Today at 06:01:03 AM
 #7

Did you really think that all governments would just ignore BTC when it boomed over $100k? No you personally, but in general did anyone? They want their piece and they will get it or start handing out prison sentences like candy.

It's basic theft IMO as they aren't doing anything to really be entitled to their 15-30%. Tax tax tax is their way. KYC will be mandatory at some point, there will still be some outliers but then you gotta hope that casino doesn't screw you outta your winnings.

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Today at 06:25:20 AM
 #8


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?


The real question is whether gamblers can stop government from doing what they want to do.... If government succeed in stopping non KYC casinos from operating then gamblers have no choice than to key in to government regulated system. At the moment government of different countries are now interested in taxing and the people can't escape it. Except non KYC casinos keep existing, but government is becoming strict with regulation and having an eye to tax from profit made. I think we have to make our minds up on KYC because the government sees the taxing benefit with the eyes of an eagle. The challenge is not just collecting those taxes but use it judiciously and not to allow it go to personal accounts for corrupt politicians.

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Today at 06:38:43 AM
 #9

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.

The era of gambling online in full anonymity has been over for a while already at nearly every top casino. As long as there is demand, you will still have some smaller casinos who don’t ever do KYC. There will always be some countries open to allowing them as long as they pay their license fee and pay local taxes. These casinos will be limited in how many people they can reach because of how aggressive regulators have become at blocking them in certain countries.

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Today at 07:07:03 AM
 #10

No government wants their economy undermined so they will do what ever it takes to secure money inflow into their countries, plus also secure a good means of generating tax and gambling offers alot of these with casinos being taxed for revenue generated, it's expected that they will want to monitor how money moves in and out of these casinos and from where the money is coming from and also where it is ultimately going to as well.
People also launder money through unbelievable means now so it's also a matter a security for most of these countries as well.

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Today at 07:35:17 AM
 #11

I don't know how long we are going to see the NoKYC casinos in the gambling industry since the government has big interest in these casinos for revenue sake. Currently, the high rate of gambling is alarming and that has triggered the government to tighten regulations on casinos because they want a piece of cake from any form of business that's flourishing.

However, we still have some good NoKYC casinos around so let's enjoy it while it last. However, I don't think I have any problems with KYC casinos as long as the casino is reputable in order for me to continue gambling.

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Today at 07:55:52 AM
 #12

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).
What I can only noticed is that more gambling sites can go from no-KYC to KYC but there are always new gambling sites that will not require KYC up to an amount of withdrawal which can be huge.

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 prefer no-KYC gambling sites but I do not mind gambling sites that are KYC because I am using small amount of money to gamble. Also I am very careful of where I am sending the coins to the gambling site.

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Today at 08:56:55 AM
 #13

I do not think we will see a linear increase in KYC with casinos the way we saw with crypto exchanges. With exchanges, regulation is necessary to account for the amounts being put in and to keep tab of the individuals transfer of funds, with casinos, all deposits needs to be wagered at least 1× before withdrawal, so the casino can account for the funds moving in and out without having to clamp down on the individual users.
The government can tax their revenue through their reports and with the understanding that the more private it is, the more reveue they make the more taxes they can make.

Casinos are not only online too, physical casinos usually operate on a cash basis which cannot be tracked, but they still get taxed appropriately.

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Today at 08:58:52 AM
 #14

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?
The situation will keep getting worse, and it's not good for gamblers. In societies where gambling is seen as immoral, these no-KYC casinos are suitable in such situations. Gambling could make you lose a job in some places; that's why giving out KYC is a no-go area. Regulators are using AML (Anti-Money Laundering) laws as an excuse to restrict the right of privacy of individuals. And my take is that the number of no-KYC casinos will continue to shrink until it is outlawed. At that point, the no-KYC casino will begin to operate illegally and be accessed by privacy tools.     

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Today at 09:58:08 AM
 #15

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.

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Today at 10:33:19 AM
 #16

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?

That has been the trend for years; you are asking yourself the question almost at the end of the road. A decade ago, almost no casinos asked for KYC, just the opposite of now. The trend will continue to grow, but there will always be some casinos out there that don't ask for anything. It's similar to live betting. In Europe, you have to show an ID when you enter casinos, but you can find private card games, for example, where you will not be asked for documentation, although it is potentially more dangerous. Similarly, we have two well-known cases from the forum, bitvest.io and freebitco.in, which were non-KYC (although freebitco.in recently added it to its ToS, but as far as we know, it never requested it) and are casinos that cause nothing but problems (in fact, it seems quite clear that freebitco.in is an exit scam).


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Today at 10:39:46 AM
 #17

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).
Honestly what is in demand now is the casinos, table games and sports betting however before you can have these in your platform you need to comply with their requirements such as payment and possibly following their guidelines including the KYC/AML policy that will be implemented the platform. Now, no KYC casino won't disappear but most of them are crypto only casinos and might only offer provably fair games such as Bustabit, BCH.Games, etc. I've seen some casinos that says No KYC  and they have sports betting, table games and slots. The problem with these casinos are their reputation, most of them are new and we know that most of them are scams if there ever someone who'll win the jackpot or big amount and since they are not regulated, they can just disappear in the thin air.

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rdluffy
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Today at 12:01:24 PM
 #18

I hope there will always be casinos and betting companies without KYC

The trend is for most to be taxed by local governments and to have to request KYC from all their users, after all, the government wants its share
Here in Brazil, you have to do KYC, it has to be regulated by the government, but it serves no purpose, only for corruption, the tax did not help either companies or users

But I truly believe that in this crypto market, there will always be options without KYC  Smiley



 
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