The Malta Gaming Authority (MGA) has officially cancelled the B2C license of Oddsfly. The cancellation follows years of non-payment and repeated regulatory breaches. The MGA first suspended the license in 2018. The company failed to settle €104,814.52 (around $118,000) in outstanding license and compliance fees.
According to the MGA, Oddsfly did not pay its annual license fees for three consecutive years, totaling €75,000. In addition, it owes €29,814.52 in compliance contributions, which have remained unpaid since August 2018. The MGA cited the Gaming Compliance and Enforcement Regulations (S.L. 583.06) in its decision, stating that the conditions leading to the original suspension had not been addressed.
Regulators identified multiple violations that justified the cancellation. These include failure to meet financial obligations, signs of insolvency, and non-compliance with regulatory and legal requirements under Maltese gaming law. The MGA emphasized that this kind of conduct harms the integrity of the gaming sector. It also stated that it will not tolerate such behavior.
The Authority confirmed that Oddsfly remains legally obligated to pay the full outstanding balance. This debt will keep accumulating interest until the company fully repays it. The MGA also reserved the right to pursue further legal or regulatory action should the company fail to meet its financial obligations.
This enforcement action contrasts with recent positive developments in Malta’s gaming industry. In May 2025, the MGA licensed Two Shepherds. The company launched Jackpot Lounge, an online casino powered by White Hat Gaming’s PAM platform. This move highlighted the continued vibrancy of Malta’s regulated iGaming market.
The Oddsfly case underscores the MGA’s firm stance on accountability and transparency. It serves as a reminder that all operators must meet their regulatory responsibilities. This is essential to maintain the reputation and stability of the Maltese gaming jurisdiction.
