Business · Companies · 13 hrs ago
Dutch regulator fines illegal gambling company €37 million
EOD Code SRL has been fined €37 million by the Dutch Gambling Authority for offering gambling without a licence.
The penalty is the largest the regulator has issued for this kind of violation.
EOD Code, registered in Costa Rica, operates websites including Instantcasino and Skyhills that offer gambling to people in the Netherlands.
The regulator found the company was breaking the rules in 2024 and later identified at least 11 other illegal gambling sites linked to it.
The sites lacked visible age checks and allowed payments with cryptocurrency and anonymous methods, while the fine was based on an estimate of the company’s revenue.
The regulator says it can work with hosting companies and payment providers to block access to illegal gambling sites, though it often finds that foreign operators do not pay their fines.
The Dutch gambling regulator has fined EOD Code SRL a record €37 million for offering gambling without a licence.
The Costa Rica-registered company operates sites including Instantcasino and Skyhills.
The regulator said the sites lacked visible age verification and allowed payments through cryptocurrency and anonymous methods.
The fine was calculated using an estimate of the company’s revenue.
The regulator said EOD Code had opportunities to respond but did not do so.
- Who
- EOD Code SRL, a gambling company registered in Costa Rica.
- What
- The Dutch Gambling Authority imposed a €37 million fine for offering gambling without a licence.
- When
- The fine was reported on October 22, 2026; the regulator had found violations in 2024.
- Where
- The company offered gambling through websites including Instantcasino and Skyhills in the Netherlands.
- Why
- It offered gambling without a licence. The sites lacked visible age verification and allowed cryptocurrency and anonymous payments.
This story does not have two clearly opposing sides.
The regulator found that EOD Code was in violation and warned it could face a fine.
The regulator’s record €37 million fine was reported.
- Fine
- €37 million
- Company
- EOD Code SRL
- Registration
- Costa Rica
- Known gambling sites
- Instantcasino and Skyhills
- Other sites
- At least 11 additional illegal gambling sites were identified
- Regulator
- Kansspelautoriteit (Ksa)
2 sources
What people are saying
We have various instruments we can use and we use them all, including imposing a fine