Dutch’s betting regulators have inflicted a 600K Euro penalty on Curacao licensed virtual gambling platform for serving Netherland’s punters without any local permission.
The KSA betting controlling body proclaimed on Friday of a 500K euro penalty on Online Coin Betting NV, the firm, which deeply Curacao based, behind the nl.futgamer and Futgalaxy.nl gambling sites. An unrecognized person connected with these sites was penalized an extra 100K euro personally.
The sites have given games of chance connected to EA Sports’ FIFA games. These are illegal according to a Dutch law granted in 2019. These sites also presented gaming markets on real-world games and events regarding eSports using the FUT Coin.
The KSA marked the penalty higher than the typical six-figure for several reasons counting the fact that the regulator had set minors or young adults as the site’s consumers.
Other types of violations like a general list of KSA grievances, like proposing Dutch-language services, manipulating payments through the famous iDEAL dutch processor, and occupying a .nl domain.
Over time, the KSA has allotted out numerous six-figure penalties. Most of these penalties were against Curacao-licensed operators, though collecting these numbers has evidently a far tougher task. It stays to be observed whether the new perception with the Netherland in relation to Curacao licensed operators’ aiming of Dutch punters may mean for making these sorts of regulatory penalties.
The Netherlands’ long-delayed remote betting act is set to be active on March 1, with virtual operators having Dutch licenses scheduled to inaugurate on September 1. However, a blog name Gaming in Holland reported before Christmas that the RGA’s joining into Force could also be delayed by a single month for unanimous reasons. This delay can push the virtual inauguration of the act back to October. The Dutch officials haven’t commented on this news yet.