Chestoption receives penalty from Ksa

(PRESS RELEASE) -- The Dutch Gaming Authority has imposed a fine of €3,082,000 on Chestoption Sociedad de Responsibilidad Limitada because it offered gambling without the necessary license via, among others, the website Vave.com. This is prohibited. The company had previously been issued a penalty payment order for this.

Costa Rica-based Chestoption offered websites in English and advertised in Dutch, thereby actively targeting Dutch gamblers. Furthermore, no measures were taken to prevent participation from the Netherlands. The websites featured multiple aggravating circumstances, such as the absence of age verification and autoplay and/or turboplay. It was also possible to pay with cryptocurrencies on the websites.

Taking action against illegal offerings is not limited to administrative fines, as mentioned here, but also involves intensive collaboration with third parties, such as payment service providers, hosting parties, banks, and major tech companies.