Nafor said:
True, but if a site does not care about KYC, (and therefore is most likely in violation of law) it doesn't look good in any case.
I guess it depends on perspective. There are many people in this world that have realized that a lot of laws we have are just corrupt and complete BS. There are many businesses that setup their HQ at countries that offer loop hole to bypass those regulations and there are many people happy to become their clients/customers.
In this case, OP mentioned coin poker which is a crypto site. Crypto is basically all about resisting government control and creating freedom, privacy and decentralization. So there are many people who are happy to see a poker site without KYC and all the hurdles you have to go through to have an account on for example GGpoker.
As an EU player I can't just deposit to GGpoker from my bank or CC. I have to open an account at some international internet bank, then use some unknown payment service I've never heard of. So many hoops to jump through, fees to pay, and any of these hoops can get tightened up or shut any time and then I can't withdraw my money from GGpoker. This kind of stuff happens all the time, just look at the whole thing with Nigel Farage who the UK banks banned because they didn't like his political opinion. Nigel is wealthy and connected so he could blow this up and fight back but most people can't do anything against it when they are victim to this corruption. That's why many people want crypto to succeed and give us freedom and get away from all this corrupt regulations that just do more harm than good.
Suns of Beaches said:
Kyc is required for the sites to know who is playing on their site. Kyc=know ur customer.
Sorry but that statement "kyc does nothing for us players" is huge nonsense🤭 sites can see with it if someone was already banned or restricted and where that person is from etc. I would actually never trust any site that does not require kyc since people can just open multiple accounts and then sit at the same table from different ip's etc. No kyc required just opens up the door for any form of multiaccounting and cheating.
Full tilt was long long ago. And no, it does not happen "frequently" as u say. Its actually super rare a site just dissapears with customer funds. If they take the money and close accounts because someone did something against TOS then those actions are completely legit and have nothing to do with a scam.
Colluders can get around kyc. There are many people willing to let them use their ID.
Public VPNs are easy to blacklist but private/residential ones are difficult to detect.
Like I said, if KYC is the only thing they do to keep games fair then it won't be fair.
I don't know what they do to keep sites fair but they should have a team monitoring the tables 24/7 just like they have floor and cameras in casino checking for cheaters. Online they have a lot more data and history on every player and they can make AI flag possible cheaters so the team can take a closer look at it. This is the only real way to keep games fair imho but I'm not an expert.