Why would a casino want this information?

I requested a payout from a casino and went through verification, after I sent them all my documents they then asked me which website or exchange I created my bitcoin address with- why would they need to know this? Do they report to the exchange that the payment is gambling winnings?

Anyone know?

Hi there.

My guess is that they try to track the origin of the funds, which is quite interesting for crypto payments. Still, could be part of the AML (anti-money laundering) check.

Without knowing the details, the second question is quite a challange. But I would say the intention is to complete the transaction verification. If I'm not mistaken, we are talking about casinos without a UKGC license; is that so? Just assumming, feel free to correct me.

Correct, no UKGC license.

You think it might be to do with source of funds, so the deposits as well as withdrawal?

I think it could be one of the possibilities, yes.

Later on last year, there was a complaint, and the interesting part was that the casino insisted the player wouldn't get the crypto winnings because the casino was not okay with the way this particular player bought the crypto through exchange. So, assuming this player has always only deposited by crypto and was involved in withdrawing in crypto, the casino proceeded like we were talking about a common source of funds, the AML procedures.

I just see similarities, even though I'm not familiar with your current situation. Do you see it too? I could be wrong, of course.

" the casino was not okay with the way this particular player bought the crypto through exchange" I don't understand, isn't this what most would do?

Thank you so much for sharing.

I'm sorry, I don't understand the question, I'd say.

I was saying that AML policies have tightened up; it seems so even decentralized, and so-called anonymous crypto payments are occasionally investigated by the casinos.

To me, it seems your situation is related to the source of funds, so I was demonstrating some operators are very interested in many details.