for early access to the latest igaming videos!
and get the latest igaming news first!
In response to increased regulatory pressure in the UK, MyStake N.V., the holding company of MyStake and other online gambling companies, has changed its Curacao licensing.
Transfer of License to GTW B.V.
In Curacao, a handful of brands that were previously run by Santeda International B.V. have switched to GTW B.V.
The modification meets the jurisdiction’s license and compliance standards and has an impact on the network’s operations abroad.
In formal files with the Curacao eGaming licensing authority, MyStake N.V. agreed to change.
The network’s presence in the UK was brought to light by press stories, and the organization modified its Curacao license. According to multiple reports, British consumers gambled significant portions of their income in 2025, with a sizable amount coming from MyStake.
A gamblers’ advocacy group called GAMRS expressed concerns regarding the handling of at-risk players, including challenges with account deletion, aggressive retention strategies, and unsolicited advertising, in addition to financial scrutiny.
The shift, which also impacts the network’s global operations and regulatory posture, was approved by MyStake N.V., according to official papers with the Curaçao eGaming authority.
The Regulatory Environment in the UK
The license switch comes as UK regulators become more cautious about offshore companies that target UK consumers.
UK officials have been keeping a closer eye on offshore accounts and platforms for any violations of UK gambling regulations, even though MyStake is known not to be operating under a UK license.
According to industry sources, offshore networks frequently reorganize their licenses in order to mitigate regulatory concerns and guarantee business continuation.
Effects for Operators
The action highlights the difficulties faced by operators who serve international markets while adhering to various regulatory frameworks.
In light of regulatory attention, UK-facing brands might have to modify their advertising, payment handling, and procedures for verification.
Although lawful, trade associations have cautioned that modifications to offshore licenses may have an impact. Particularly on consumer trust and collaborations with payment service providers.
Industry Takeaways
The license change for MyStake N.V. highlights the difficulties. For a detailed explanation, offshore firms confront in striking a balance between global and local regulatory oversight.
The network intends to preserve compliance, maintain operational continuity, and reduce the risk of regulation by reorganizing its Curacao license.
To protect consumer confidence and partnerships, operators serving international areas may need to actively assess license agreements. Would be mindful to take some time to assess marketing plans and compliance protocols.
This move highlights a wider pattern in the sector where overseas networks continue to function internationally while adjusting to regulatory requirements.
Source: MyStake N.V.
