FBC BV Faces €840,000 Penalty in Gambling Crackdown
The Netherlands Gaming Authority (KSA) has imposed a significant penalty on Curaçao-based operator FBC BV for offering unlicensed games of chance on its platform, FreeBitco.in. This decision highlights the Dutch regulator’s firm stance on protecting players and maintaining the integrity of its gambling market.
Investigations Expose Illegal Operations
The KSA’s investigations, conducted between January 2023 and November 2024, uncovered that FreeBitco.in allowed Dutch players to create accounts, deposit funds, and gamble on its platform without the required permits. Despite FBC BV’s claims of compliance, including blocking Dutch IP addresses, the KSA found no evidence of effective measures to prevent local participation.
A KSA inspector successfully registered, deposited bitcoin, and placed a bet, further confirming the platform’s accessibility to Dutch users. In response to these findings, the KSA issued a penalty payment order of €280,000 per week for continued violations, capped at €840,000.
FBC BV’s Defence Falls Short
FBC BV argued that FreeBitco.in primarily serves as a giveaway platform, but the KSA countered this by demonstrating ongoing gambling activities accessible to Dutch residents. Despite requests for extensions and claims of technical difficulties, the company failed to implement effective compliance measures.
The penalties remain in force despite FBC BV’s legal objections. Moreover, the company’s troubles extend beyond the Netherlands, with Australian regulators also issuing warnings over its unlicensed operations targeting Australian players.
KSA’s Commitment to Player Protection
The penalty against FBC BV is part of a broader campaign by the KSA to curtail unauthorised gambling operations. In recent months, the regulator has imposed similar penalties on operators such as Techno Offshore, Novatech Solutions, and BlockDance.
Michel Groothuizen, chair of the KSA, emphasised the authority’s determination to tackle the black market, stating, “We will send out warning letters more often and deliver short, quick blows, such as with an order subject to a penalty.”
Promoting Responsible Gambling
In parallel with its enforcement efforts, the KSA has launched a campaign encouraging responsible gambling. The initiative, titled “Pick up your life again, take a gambling stop,” promotes the Cruks self-exclusion register and aims to support individuals struggling with gambling-related challenges.
With its dual approach of punitive measures and player support, the KSA is sending a clear message: the Dutch gambling market prioritises transparency, compliance, and player protection.
