MegaDice Rail Case: “No-KYC” Casino And a Dual On-Ramp Stack with Changelly, Banxa & MoonPay

tamir
Mon, 12 Jan 2026 12:15:50 +0000
Crypto Compliance, Gambling Compliance, Rail Atlas Cases, ticker, Banxa, Changelly, Crypto Casino, Fiat On-Ramps, Mega Dice, MegaDice, MIBS, MoonPay, No-KYC, Payment Rails, Rail Atlas

FinTelegram reviewed MegaDice as part of our Rail Atlas work. The Curaçao-licensed crypto casino can be accessed from multiple EU jurisdictions and the UK with email-only onboarding in our tests. MegaDice offers direct crypto deposits (no casino-side KYC observed) and an embedded “Buy Crypto / Compra Crypto” rail that routes users into Changelly and MoonPay purchase flows—where fiat processing and KYC appear to be performed by the on-ramp providers, not the casino.

FinTelegram reviewed MegaDice on Jan 11, 2026 as part of our Rail Atlas work. The Curaçao-licensed crypto casino/sportsbook (operator: MIBS N.V.) can be accessed from multiple EU jurisdictions and the UK with email-only onboarding in our tests. MegaDice offers direct crypto deposits (no casino-side KYC observed) and an embedded “Buy Crypto / Compra Crypto” rail that routes users into Changelly and MoonPay purchase flows—where fiat processing and KYC appear to be performed by the on-ramp providers, not the casino.

Key Facts

Operator / License: MegaDice states it is operated by MIBS N.V. (Curaçao) and licensed by the Curaçao Gaming Authority (license OGL/2024/1718/0938, status “Active”).

No-KYC marketing vs. practical onboarding: In our review, registration and access to deposit flows worked from EU/UK locations with minimal friction (email/username style onboarding). MegaDice’s own onboarding copy describes account creation via email and email verification.

Rail 1 — Direct crypto deposit (casino): Wallet address generation and crypto deposit path is presented as the default deposit method (no casino-side KYC checkpoint observed during testing).

Rail 2 — Indirect FIAT deposit (“Buy Crypto”): MegaDice embeds a Changelly “Buy crypto” interface that, in execution, is processed via changellywidget.banxa.com (Banxa-hosted widget).

Changelly→Banxa interaction (most likely model): Banxa’s own support documentation describes a Changelly “Buy” flow where users select a payment method and choose Banxa, then are redirected to Banxa to create the order and complete verification (KYC); it also notes Changelly “doesn’t have its own built-in wallet,” requiring a wallet address entry.

Rail 3 — MoonPay direct: The MoonPay flow routes users to buy.moonpay.com and MoonPay documentation confirms identity verification is required to access services (KYC).

Traffic indicator (supporting signal): A Similarweb snapshot (Dec 2025) supplied in our internal case materials shows 2,271 visits to changellywidget.banxa.com—suggesting meaningful usage of the Changelly→Banxa rail (not proof of completed deposits).

Short Analysis

What the rails tell us: MegaDice operationalizes a common offshore pattern: keep the casino layer “no-KYC”, while offering convenient “Buy Crypto” conversion rails that push compliance obligations outward to on-ramps (MoonPay; and Banxa when routed via Changelly). Banxa’s own “Changelly tutorial” strongly supports the interpretation that Changelly is the front-end marketplace/aggregator, while Banxa becomes the fiat processor/merchant flow that executes the order and performs verification.

Our review shows that MegaDice evidently makes its services available to users in the EU, the UK, and other regulated markets without holding the local authorisations typically required to lawfully offer online gambling in those jurisdictions. If confirmed, this would constitute a breach of applicable national gambling laws by the operator. The casino explicitly lists the UK, France, and Spain as restricted territories, yet markets itself as “VPN-friendly” to facilitate access from these jurisdictions—a regulatory arbitrage strategy that shifts legal and financial risk from the operator to players.

Why our findings matter (chokepoint logic): For regulators and banks, the chokepoint is not the casino UI—it’s the fiat-to-crypto conversion layer. If a casino accepts EU/UK players with minimal onboarding and allows direct crypto deposits without visible checks, then the “Buy Crypto” rail becomes the high-impact control surface: block/limit/monitor it, and player conversion can drop sharply.

Equally important, the platform’s ability to onboard and fund player accounts depends on fiat-to-crypto and payment “conversion” rails provided by third parties. Where such providers enable transactions that support unauthorised gambling activity—whether through card/Google Pay flows (e.g., via Banxa-powered widgets) or direct on-ramp services (e.g., MoonPay)—they may expose themselves to heightened regulatory and enforcement risk under AML/CTF, payments, sanctions, and consumer-protection frameworks, including obligations around merchant due diligence, transaction monitoring, and controls against facilitating prohibited or high-risk merchant activity.

Call for Information

Have you deposited via Changelly/Banxa or MoonPay on MegaDice (especially from EU/UK) and can share error screens, order receipts, KYC prompts, payout behavior, or deposit wallet addresses? Are you an insider (affiliate, PSP contact, compliance, support) with details on how MegaDice routes “Buy Crypto” traffic between providers? Submit securely via Whistle42.com (screenshots + timestamps + jurisdiction/device details help).

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