Originally posted on 01/16/2021:

Because criminals deposit to big sportsbook like Pinnacle just to lose it all in bets.. that's very criminal thing to do...

Source of Wealth is mega stupid thing to ask for. Its like almost impossible to have all your source documented.. I mean over a time I have used 10s of bookmakers, invested in many different cryptocurrencies or other commodities.. I could not even think about half of this, where I did get money I am betting with from...

But it seems like it's kind of new regulatory thing to ask for, because I was asked for same on one of crypto exchanges, so I decided to move my crypto to cold storage and never use that exchange again...

And I will deal with any bookmaker asking for such stupid things same way.. I will say bye bye ..

I have no problem providing my ID, residence proof or anything like this, but there should be boundaries where all this KYC bullshit has to stop. Now they can ask even probably for your grandma health records and if you do not provide them, they simply confiscated your funds? ...