Dutch regulator discloses record €37.25m EOD Code fine over illegal gambling

The Kansspelautoriteit said on 22 October that it had imposed a record fine on EOD Code SRL for offering online gambling in the Netherlands without a licence. The regulator’s underlying decision, dated 6 October, set the penalty at €37.25m.

The case centres on a wider network than one brand. The Ksa said its investigation began with instantcasino.com and later connected 11 more sites to EOD Code: skyhills.com, slotmonster.com, betiro.com, betblast.com, fastslots.com, goldenpanda.com, sambaslots.com, winningz.com, incognitocasino.com, foxygold.com and luckypays.io.

According to the 6 October decision, Ksa staff in the Netherlands were able to create accounts, deposit funds and gamble on the sites. The decision says the operator had not put technical measures in place to block participation from the Netherlands.

The regulator also cited aggravating factors in its public summary of the case. It said the sites did not show visible age verification and offered cryptocurrency and anonymous payment methods.

How the fine was framed

The Ksa described the sanction as its highest fine so far for illegal gambling supply. The regulator’s 22 October announcement presented the case as one where standard fixed penalties were not proportionate to the revenue involved, although the published decision shows the final legal cap was applied using an estimated 2025 worldwide BSR figure.

The timing is split between decision and disclosure. The Ksa published the case on 22 October, while the substantive fine decision is dated 6 October and, according to the case record, was sent on 7 October. The matter therefore concerns an enforcement decision already taken, although it remains open to objection.

Sources

• Kansspelautoriteit: Nieuwe recordboete illegaal kansspelaanbod opgelegd: 37 miljoen voor EOD Code
• Kansspelautoriteit: Besluit van de raad van bestuur van de Kansspelautoriteit als bedoeld in artikel 35a van de Wet op de kansspelen tot oplegging van een boete aan EOD Code SRL.