A recent investigation has revealed that Swiss-Georgian software provider Upgaming is connected to at least eight unlicensed online casinos, including Velobet, Mystake, and Goldenbet, which operate in Europe without valid local licenses. Many of these platforms were run by Santeda International under a Curaçao license, unrecognized in the UK and most European nations, exposing players to heightened financial and addiction risks. The unregulated sites even targeted self-excluded British gamblers enrolled in Gamstop.