But seriously what kind of predatory policy is that in the first place?

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[–] 7 points 18 hours ago (3 children)

That's not a trick, that's a legal requirement. They have to do KYC on a few grand and AML once it gets bigger. I had to go through this with Wise when I received a life insurance payout from another continent and I had to phone customer support to get it cleared.

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  • [–] 5 points 13 hours ago* (last edited 12 hours ago) (1 child)

    I'm not saying it was illegal or anything, just that they probably make a lot of money turning on the KYC after big wins. They'll never do one to a losing customer.

    In that sense, I do believe it's a bit tricky.

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  • [–] 5 points 10 hours ago

    Hmm...

    I'd wager KYC applies either way (anyone placing a bet should be known, not just who ends up winning) and not paying out wins is a clear breach of contract.

    So very clearly doubly illegal. First they let any rando gamble, and then they don't pay out wins.

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