Although traditional sports betting is still extra popular, eSports wagering confidently catches up. According to statistics, the eSports betting market is projected to generate a revenue of up to US$2.13bn in 2023.
At the same time, the experts suggest an overall revenue of about US$3.17bn by 2027 (given the CAGR of 10.45%). Compared to a traditional variant, eSports betting implements all the latest trends and technologies that help attract new clients and keep regular ones engaged.
Anonymous wagering is exactly one of those trends that is developing as a response to multiple bettors who prefer to hide their personality and their activity online.
The Landscape of eSports Betting
All modern eSports betting platforms can be divided into 2 groups. The first one is more traditional, where you must provide personal data according to the AML/KYC policy to start betting and withdraw winnings. The second group unites sites (often those that support cryptocurrencies) where you can enjoy betting without revealing your ID at all. You can easily try NonGamStopCasinos no ID sportsbooks to try this option and only then make a decision about what’s better for you.
Traditional eSports Betting Platforms
Within conventional eSports betting platforms, you can register using email/phone number or even via an account on social networks. Then, you can make your first deposit and start wagering. But to withdraw winnings, you must pass the ID verification by uploading documents like a passport or ID card.
Also, they require you to provide proof of your money source (bank card or bank account statements) and physical address (copy of a utility bill). On the one hand, you have to reveal your ID details and sometimes wait longer until you get winnings on your bank card. On the other hand, you may also expect better protection of personal data and quick resolution of any dispute situations.
The Rising Interest in No Verification Betting
Wagering at no-verification eSports betting sites, you do not have to pass long and boring ID/payment data verifications, upload scans/copies of documents, etc. After registration, you may deposit, bet, and withdraw without revealing your activity.
Often, these crypto sites use the advantages of virtual money (decentralization, no controls by third parties, etc.). Such sites have quicker withdrawal speed, tempting promotions, higher odds, and better accessibility. As for cons, such sites often do not support Responsible Gambling rules and are more often exposed to hacking attacks and malicious activity.
Data Privacy Concerns in eSports Betting
When speaking about traditional and no-verification bookmakers, it is always about data privacy concerns. Bettors should decide on their priorities: more free and risky wagering or betting within strict frames but in a 100% secured environment
The Importance of Personal Data in Betting
Personal data is collected during the registration (phone number, email, full name, etc.) and verification stage. The second option is important for successful withdrawals. You must provide copies/scams of your passports or ID, bank card data (or bank account), and the current physical address.
A bookie’s specialists verify the data to prevent involving minors in betting. Also, it is necessary to stick to AML policy rules to prevent sponsoring terrorism and other illegal activity.
Data Privacy Regulations and Compliance
There are basic norms associated with GDPR that a reputable bookmaker must adhere to. At the same time, there is always room for interpretation depending on the sportsbook’s location, servers where data is stored, and the data itself.
As a rule, almost any bookmaker sends data abroad (using verified transfer protocol), where they are kept in cloud storage. To ensure the data is permitted according to GDPR, ask 2 simple questions:
- Does the bookie transfer info to the approved country?
- Does the bookmaker support Standard Contractual Clauses?
In case of violation of basic rules, bookies risk getting serious penalties and sanctions.
Exploring No-Verification Betting Options
While choosing a no-verification bookmaker, you should realize all the pros and cons. Along with better convenience and accessibility, you may face a lack of security measures and problems with the Responsible Gambling policy.
Benefits of No-Verification Betting Sites
Among the clear advantages of no-verification sites is anonymity. You do not need to provide the same data as you do at conventional bookmakers (payment details, copy of passport, etc.). Also, bettors highly evaluate enhanced convenience when you can register and start wagering in a couple of clicks.
In case of cashing out, you do not need to wait for a long time until the bookie’s experts verify your data and allow the transaction. Also, there are no restrictions on specific categories of bettors who can register.
Risks and Challenges
Along with advantages, users of no-verification bookies should be ready for security concerns. There may be problems with HTTPS or a lack of SSL encryptions. Thus, your data may not be sufficiently protected while traveling from your end to the bookie’s.
Another problem is legality. Such sites often do not have a license, which means they do not operate according to the strict rules of a particular authority (UKGC, MGA, etc.). This may cause problems in resolving disputes.
Finally, no-verification sites often do not have an internal self-exclusion program and do not perform account monitoring. It may lead to problems with gambling addiction among vulnerable bettors.
Conclusion
The share of no-verification betting sites is growing since they are convenient and highly accessible. They do not set strict restrictions on registration and allow you not to reveal your ID while betting.
Often, such sites provide hassle-free withdrawals where you do not need to provide payment details in advance. At the same time, bo-verification bookmakers are associated with a higher risk of malicious activity and legal problems.
Moreover, vulnerable bettors can barely find a reliable internal self-exclusion program or any tools for account blocking or deposit limits.
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