Dutch regulator fines EOD Code €37m, its biggest for illegal offers

The Dutch gambling regulator has fined EOD Code SRL €37m for offering casino games to Dutch players without a licence. It is the largest fine the regulator has imposed for illegal offers. The Kansspelautoriteit (Ksa), the Netherlands Gambling Authority, announced the fine on 22 October 2026.

The company runs Instantcasino and Skyhills, among other sites. It had earlier received an order subject to a penalty payment (a last onder dwangsom, a fine that accrues if the order is ignored).

The details

• How it was found: Ksa staff could gamble on several of the company’s sites with no measures to stop participation from the Netherlands. The investigation began with Instantcasino and widened to more sites.
• The sites: besides Instantcasino and Skyhills, the Ksa named slotmonster, betiro, betblast, fastslots, goldenpanda, sambaslots, winningz, incognitocasino, foxygold and luckypays.
• Aggravating factors: the regulator cited no visible age verification on the sites. Visitors could also pay with cryptocurrency and anonymous payment methods, which the Ksa says encourages money laundering.
• How the amount was set: the Ksa may use a revenue-based amount when standard fines do not match the turnover from illegal offers. It estimates that EOD Code earned more from Dutch players’ stakes, so it chose a higher fine based on that estimate.

The announcement does not say who owns EOD Code, where it is based, whether it has appealed, or the amounts of the earlier penalty-payment order.

The big picture

The fine would be the 12th sanction by the regulator in 2026 recorded in The Payout, where the 11 earlier ones total about €35.39m. The Ksa chair wrote on 14 October 2026 that fines on illegal operators have hardly any effect on collection.

The Ksa also said it acts against illegal offers by working with payment service providers, hosting companies, banks and large technology firms.