3 ms·
>and retrieving the money after winning was an extreme hazzle that took weeks with photocopies of passports and gas bills and what not. Paying the bets took a m
by gruez 1y ago
>and retrieving the money after winning was an extreme hazzle that took weeks with photocopies of passports and gas bills and what not. Paying the bets took a minute.
Blame the AML/KYC/income tax regulatory regime. Placing a bet doesn't require KYC any more than spending $10k at a club doesn't require KYC. However once the casino needs to disburse money Uncle Sam suddenly wants his cut and to make sure it doesn't go to Bad People.
- rightbyte 1y agoIt is not really KYC though since we didn't meet or even talk or chat?
- gruez 1y agoKYC means collecting documents/ID on your customers, not going on a date to "know" them.
- const_cast 1y agoRight, but elephant in the room: gambling is shady and addictive business. If we let gambling go on under the table, it will probably become worse, not better. Ideally we probably should have higher barriers to gambling on both sides, kind of like we do cigarettes.