On 22 October 2026 the Dutch gambling regulator, the Kansspelautoriteit (Ksa), announced a fine on EOD Code SRL that the announcement's headline puts at EUR 37 million, for offering gambling in the Netherlands without a licence. The Ksa said it is the highest fine it has imposed so far for illegal gambling services.
The EUR 37 million figure appears only in the headline of the announcement. Neither the body text nor the Ksa's public register states an amount, and the fine decision itself was not available for review.
According to the Ksa, EOD Code offers gambling to Dutch players on several websites, including Instantcasino and Skyhills. The investigation began with Instantcasino, and further work identified 11 more sites, bringing the total named by the regulator to 12. The Ksa said its staff were able to gamble on several of the company's sites with no measures in place to block participation from the Netherlands.
This was not the first enforcement action against the company.
The Ksa's register lists an order subject to a penalty payment (last onder dwangsom) against EOD Code dated 26 August 2025, and a decision to collect that penalty published on 11 December 2025. No objection was filed against either, and both are now final. The new fine decision is dated 6 October 2026, alongside a disclosure decision of the same date. The company can still object to both.
The regulator cited aggravating circumstances on the sites, among them no visible age verification and the option to pay with cryptocurrency and anonymous payment methods. The Ksa said such payment methods facilitate money laundering. That is the regulator's general assessment, not a finding against EOD Code.
The Ksa said it set aside its standard fine amounts and chose a higher, turnover-based fine, because the standard figures would have been out of proportion to the revenue from the unlicensed offering.
The Ksa's announcement and register do not give its estimate of what EOD Code earned from Dutch players' stakes. Without that figure, it is not possible to say what share of the revenue EUR 37 million represents. The fine decision, which the Ksa has decided to disclose, may contain the estimate. Until then we don't know the ratio.
The Ksa also said it acts against illegal gambling services through cooperation with payment service providers, hosting parties, banks and large tech companies, but it did not name any specific actions.
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