For years, SoftSwiss has presented itself as a technology provider helping legitimate online gaming companies navigate the complexities of the modern gambling ecosystem. However, mounting evidence from whistleblowers, regulators, and financial investigators paints a far more sinister picture: SoftSwiss is at the heart of a global cryptocurrency laundering network, enabling illegal gambling syndicates to operate freely under the guise of “technology services.”
Despite being officially licensed in certain jurisdictions, SoftSwiss has played an integral role in a series of cross-border gambling operations that appear to actively circumvent regulatory oversight. The company’s cryptocurrency processing solutions—which allow for rapid, untraceable transactions—have made it the ideal partner for criminal syndicates looking to launder illicit funds via the online gambling space.
One of the most alarming examples of SoftSwiss’s enabling role is its partnership with the RevDuck network, a collection of illegal casinos operating under a series of shell companies across jurisdictions like Costa Rica, Panama, and Curaçao. By using SoftSwiss’s proprietary tech stack, including its Affilka platform and payment gateways, these operators can target European and Latin American markets without fear of being caught by local regulators.
Whistleblower submissions from insiders familiar with the RevDuck network suggest that these operators have been using a highly sophisticated corporate layering system to hide ownership and evade national sanctions. For example, casinos such as Holyluck and Trueluck are known to frequently rotate their Costa Rican shell companies, which allows them to relaunch websites under different names while maintaining the same backend operations powered by SoftSwiss.
This pattern of evasion is not accidental. It’s a deliberate, systemic approach to sidestepping anti-money laundering (AML) regulations and know your customer (KYC) obligations. When SoftSwiss facilitates the rotating of legal entities, it essentially ensures that illegal operators remain untraceable, even when national regulators or law enforcement agencies attempt to clamp down on their operations.
But it’s not just the affiliate management systems that SoftSwiss provides. The crypto payment gateway enables these casinos to accept deposits in digital currencies, including Bitcoin, Ethereum, and other altcoins, without any oversight from financial authorities. This allows high-risk operators to move money seamlessly across borders, using gambling as a front for money laundering and financial evasion.
In one disturbing case, Dutch authorities issued a penalty against an operator behind the Booms.bet casino after it was found to be operating from an unlicensed entity in Costa Rica. The same Costa Rican registration number (3-102-903325) associated with Sapphire Summit SRL was later connected to Trueluck Casino, showing how the same legal shells were used across multiple gambling platforms. This shows not just a pattern of evasion, but an organized effort to manipulate jurisdictional loopholes with the help of technology providers like SoftSwiss.
As the European Union cracks down on illegal crypto gambling, SoftSwiss’s role in facilitating such operations cannot be ignored. Regulatory bodies are now increasingly focusing on tech providers who offer payment solutions to unlicensed operators, and SoftSwiss is now a central figure in this investigation.
Is SoftSwiss complicit in enabling this global criminal network? Or is it merely a convenient by-product of an industry that has long been ripe for exploitation? Given the available evidence, it’s hard to conclude anything but the former.
