Tag: Gamdom

The Danish on/off-ramper Swapped is systematically acting as an integrated payment facilitator for illegal offshore gambling schemes. Following our discoveries of Swapped embedded in illicit casinos like Roobet and GamDom, our latest review of the Juice.gg scheme reveals Swapped operating as the platform's sole FIAT payment processor. By utilizing a deceptive two-step "fake fiat" rail, Swapped funnels European retail funds through its Banking Circle accounts in Munich directly into unlicensed offshore casino wallets.

Many offshore crypto casinos (e.g., Roobet, Gamdom, BC.Game, Rainbet) embed a “Buy Crypto” widget from third-party on-ramps (MoonPay, Transak, Mercuryo, Swapped). Functionally, this serves as a payment option for gambling deposits: the user funds with fiat (card/transfer), the on-ramp converts to crypto, and the assets are auto-delivered to the casino’s wallet and credited to the player. In substance, the on-ramp acts as a de facto PayFac for the casino.

The Danish-based crypto payment provider Swapped, co-founded and headed by Thomas Franklin, has established itself not as a mere payment facilitator, but as the central nervous system enabling GamDom's illegal gambling operations across Europe. 

GamDom, operated by Smein Hosting B.V. under Curacao license GLH-OCCHKTW0702182020, presents significant regulatory compliance concerns that mirror broader issues identified in our previous analyses of MetaWin and BC.Game. The Spanish Gambling Authority's €5 million fine against Smein Hosting for targeting Spanish players without proper authorization exemplifies the regulatory enforcement actions crypto casinos face when operating in jurisdictions where they lack appropriate licenses.

Swapped is an international crypto payment processor positioning itself as a regulatory-compliant bridge between FIAT and cryptocurrencies. The platform enables users and businesses to purchase, exchange, and pay with crypto assets using a wide range of payment methods—credit/debit cards, bank transfers, and alternative payment solutions.

FinTelegram, in its ongoing efforts to shed light on the complexities of the crypto casino industry, has recently spotlighted the operations of Curacao-licensed crypto casino Gamdom. It has been soliciting players in the EEA without the necessary regulatory approval, accepting payments in a manner that may raise eyebrows among regulatory watchdogs. Bitinvestor is one of the payment facilitators for the crypto casino.

We continue our reviews of the high-risk segment of online casinos and gambling providers and their payment facilitators with the crypto casino Gamdom. This is operated by Curacao licensed Smeins Hosting B.V. and also offers its products to customers in EEA jurisdictions. Gamdom has issued its own cryptocurrency, Gamdom Coins, which is traded on the Binance BNB Chain and can be purchased via PayOp with credit/debit card. Here is our review.

In the competitive world of fintech, PayDo has charted a distinct course. Rather than chasing every new payment trend, the company, under founder Serhii Zakharov, has pursued a strategy of vertical integration and consolidation. PayDo CEO Zakharov sat down with Fintelegram to discuss the philosophy behind the shift, the journey from 2021's non-redirect wallet, and the future of a less fragmented digital economy.