Record 37 Million Euro Fine for EOD Code in the Netherlands

The Dutch Gaming Authority Ksa has fined EOD Code SRL, a company registered in Costa Rica, 37 million euros. The company was accused of offering online gambling to Dutch players without a Dutch licence. The fine was announced on 22 October 2026 and is the highest Ksa has imposed for illegal gambling.

The investigation began with a single brand, Instantcasino. When Ksa widened its review, it linked eleven more sites to the same operation, including Skyhills, Slotmonster, Betiro, Fastslots, Goldenpanda and Winningz. None of these sites held a Dutch licence.

Ksa staff were able to register and play on many of the sites. The sites had no measures in place to block players from the Netherlands. The regulator also noted that there was no visible age verification, and that cryptocurrency and anonymous payment options were offered, which made money laundering easier. Before the fine, the company had also been served with a decision that included a penalty payment order for the same activity.

Ksa normally sets fines at fixed base amounts. In this case it found that those amounts would be disproportionate to the revenue the company earned from Dutch players, and it imposed a fine based on turnover. The decision also exceeded the 25 million euro fine Ksa issued to Novatech earlier this year. The Netherlands legalised online gambling in 2021, but the regulated market still faces strong competition from unlicensed sites.