Red Flags
3
Betify
Betify faces regulatory concerns due to its questionable licensing and operation through anonymous domains, which raises red flags for compliance. Additionally, it uses payment processors with weak KYC protocols, increasing the risk of fraud and financial crimes.
Quick summary on Betify
Regulatory Issues: Betify operates under a Curaçao license, which is often seen as a superficial credential. Its use of multiple domains without proper operator information raises compliance red flags, especially since it accepts players from jurisdictions where its license doesn’t apply.
Payment Processor Concerns: Betify employs questionable payment processors, including Binance Pay and various open banking services, which lack proper Know Your Customer (KYC) protocols, risking fraud and financial crimes.
Lack of Transparency: The site’s operation through anonymous domains raises suspicion of illegal activities and circumvention of regulations.
Intel Reports
by: Ahmed Khan
Can't believe they still haven't fixed the verification issues. It's been weeks
Pros
Cons
by: Li Wei
The lack of transparency with Betify is alarming. Operating under a Curaçao license and using questionable payment processors without proper KYC protocols increases the risk of fraud and financial crimes. Users should be cautious
by: Anna Schmidt
Withdrawal times are so slow, it's frustrating