Tag: Offshore Casinos

Volt, a KNF-licensed open-banking provider backed by top-tier investors appears in recorded deposit flows for illegal offshore casinos targeting users in Germany. FinTelegram’s review shows Volt’s checkout embedded in payment journeys routed through crypto-linked intermediaries, raising hard questions about merchant due diligence, payment blocking under German gambling law, and the compliance perimeter for regulated PISPs.

A player communication reviewed by FinTelegram raises a serious compliance question for Revolut: did the fintech initially tell a customer that Mastercard chargebacks had been raised and finally decided, only to later admit that no chargebacks had been submitted at all? Against the backdrop of FinTelegram’s long-running investigations into illegal offshore casino payment rails, the case sharpens a broader issue.

While European gambling regulators intensify their crackdown on illegal offshore casinos, a more uncomfortable question is emerging for the banking sector: are major retail banks, through rigid chargeback practices and weak scrutiny of miscoded card transactions, helping illegal gambling networks stay operational?

FinTelegram will increasingly focus on DeFi brokers and DeFi investment schemes alongside offshore casinos. The reason is simple: the perimeter game has not disappeared. It has evolved. What binary options and offshore brokers once did through shell structures and payment agents is now being rebuilt through DeFi-branded interfaces, on/off-ramp layers, wallet logic, and outsourced execution rails.

FinTelegram’s review of the offshore casino Rooli (rooli.com), operated by Curaçao-based Dama N.V., shows a recurring Open Banking pattern: the player’s bank transfer is made to “Chain Valley” as the recipient. In multiple flows, the deposit confirmation screen identifies Chain Valley as payee while the payer is a retail bank (e.g., Revolut, ING). That is not a neutral technicality—it is a compliance chokepoint.

FinTelegram has published an enhanced 28‑page Compliance Report on the open banking infrastructure provider Yapily operated by Yapily Connect Ltd (UK) and Yapily Connect UAB (Lithuania), analysing the company’s high‑profile partnership with Google and its problematic role as open‑banking infrastructure for illegal offshore casinos. The report is now available for professional download and will be updated quarterly.​

U.S. crypto payment processor MoonPay has announced a “Stablecoin Stack” built around Iron-powered virtual accounts and stablecoin orchestration—promising that what used to take multiple banks and PSPs can now be implemented via one integration. In the context of FinTelegram’s Rail Atlas, this move could materially reshape deposit rails by making bank-to-stablecoin funding.

While testing deposit rails at the offshore casino Vegadream, FinTelegram found an unexpected handoff: selecting CoinsPaid opened a separate crypto payment page branded GammaG (gammag.ge). The pop-up instructed users to send USDT on the “Binance network” (BSC) to a specific address and displayed the merchant descriptor “STARDUST GLOBAL CCS LTD..

FinTelegram’s traffic intelligence flags Zinzipay as a payment-gateway chokepoint frequently appearing in the high-risk casino/gambling ecosystem. The checkout at app.zinzipay.com is a JavaScript-only interface, limiting passive transparency. Internal Similarweb snapshots indicate predominantly EU/UK visitors and casino-only top referrers—suggesting a gateway role for offshore operators targeting Europe.