FBC BV receives penalty for illegal offer

(PRESS RELEASE) -- The Dutch Gaming Authority (Ksa) imposed a penalty payment on FBC BV for offering illegal games of chance on the website freebitco.in. Offering games of chance without the necessary permit is prohibited in the Netherlands. With the penalty payment, the Ksa calls on FBC BV to immediately stop the illegal offer and to keep it stopped. If this is not complied with, a penalty payment of €280,000 per week with a maximum of €840,000 will be imposed.

On the investigated site it was possible to create a player account, make deposits and participate in the illegal gambling offered. No technical measures were taken on the site to prevent participation from the Netherlands.

The Netherlands has a regulated gambling market to better protect players. The Ksa therefore takes tough action against illegal supply. With an order subject to penalty, illegal supply is often quickly stopped. Providers can also be fined for the period in which the illegal supply was available.