nuOct 22, 2026, 10:40

Gaming Authority issues record fine to illegal gambling company

The Netherlands Gaming Authority has issued a record fine to EOD Code SRL for operating twelve unlicensed gambling websites that accepted Dutch players. The penalty was increased due to serious security failures, including the lack of age verification and the use of anonymous payment methods that facilitate money laundering.

The Netherlands Gaming Authority (Ksa) has imposed a record-breaking fine on the operator EOD Code SRL for offering illegal online gambling services to Dutch citizens without a license. Investigators discovered that the company operated twelve unauthorized gambling websites, including Instant Casino and Golden Panda, which failed to restrict access from the Netherlands. The regulator emphasized that the sites lacked mandatory age verification, allowing minors to participate, and utilized anonymous payment methods like cryptocurrencies, which significantly increased the risk of money laundering.

Due to the scale of illegal operations and the high estimated turnover generated from Dutch players, the Ksa decided to surpass its standard penalty structure. This resulted in the largest fine the authority has ever issued for unauthorized gambling activities. To further combat illegal offerings, the Ksa is coordinating with financial institutions, payment service providers, and technology firms to disrupt the operational capacity of such platforms and prevent future violations within the regulated market.

Economy Business Netherlands

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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