A supplied report says Dutch authorities imposed a record €37.25 million fine on EOD Code for offering unlicensed online gambling to Dutch players. A July 2026 inspection allegedly found that users could still create accounts, place bets and make a €20 bitcoin deposit on Instantcasino, despite an earlier stop order. A matching Kansspelautoriteit announcement title also appears in search results, indicating that the regulator issued a fine notice concerning EOD Code.

Why EOD Code Was Fined in the Netherlands

The supplied report says EOD Code operated 12 gambling websites that remained accessible to Dutch players without a local licence. It says the company had already been ordered to stop in July 2025, but a July 2026 inspection still found that Dutch users could open accounts and place bets.

This is significant because the case is not presented as an initial licensing breach. The reported basis for the action is continued access after prior regulatory intervention, making it a more severe enforcement case than a routine compliance warning.

The same report says regulator staff were able to test the websites directly, including by making a €20 bitcoin deposit on Instantcasino. It also alleges that the sites lacked basic player-protection measures, including age verification and betting limits, and contained account terms allowing the operator to retain remaining player funds after an account was blocked.

Although the full regulator notice was not reviewed here, a Kansspelautoriteit search-result title identifies a record-fine announcement for EOD Code linked to illegal gambling offered in the Netherlands. This supports the core conclusion that the matter is a genuine Dutch enforcement action, though the detailed findings still rely on the supplied report.

Why the Reported Fine Fell to €37.25 Million

The supplied report says the penalty was initially calculated at nearly €293 million, before being reduced to €37.25 million under a legal cap of 10% of global revenue. The lower final figure should therefore not be seen as evidence of a less serious case; according to the report, it reflects a statutory ceiling rather than any withdrawal of the allegations.

General Dutch gambling-law guides visible in search snippets describe turnover-based caps on administrative fines, making a revenue-linked limit plausible in this type of enforcement. However, those materials do not confirm the precise legal formula, the definition of revenue or the case-specific calculation used for EOD Code.

The bitcoin aspect should also be kept in perspective. The supplied report says cryptocurrency payments were treated as an aggravating factor because they can facilitate money laundering and tax evasion. That places bitcoin within the assessment of the case’s seriousness, but does not by itself show that crypto mathematically determined the final fine amount.

In short, the reported case involves alleged unlicensed gambling access, alleged non-compliance after a stop order, further player-protection concerns and bitcoin payments that heightened the regulator’s risk assessment of the operation. What remains unresolved is the exact legal wording and calculation method in the underlying decision.

What Is Still Unclear About the Case Status

The reported €37.25 million amount answers the main headline question, but it does not establish whether the penalty is final, under appeal, stayed or collected. The supplied materials do not support any conclusion on those procedural points.

The same limitation applies to the calculation mechanism. The report clearly explains the reduction from nearly €293 million to €37.25 million, and search snippets suggest Dutch law permits turnover-linked caps. However, the readable sanction text is still needed to confirm the exact basis applied in this case.

The clearest current takeaway is therefore narrow: EOD Code is reported to have received a record Dutch fine tied to unlicensed gambling access for Dutch players, with bitcoin payments cited as an aggravating factor and a revenue cap said to have reduced the amount from a substantially larger initial calculation.