The weakest arrangement in this market
The Anjouan licence
This is the worst licensing situation of any jurisdiction crypto casinos use, and it is not close.
If you take one thing from this site, make it this page. Three operators in our current ranking run on Anjouan licences, and the authority issuing them is one the relevant central bank says does not legally exist.
What the record shows
The Anjouan Offshore Finance Authority was created during the island's separatist period in the late 1990s. Comoros banking laws passed in 2013 and 2015 removed its regulatory status.
The Comoros Central Bank has repeatedly described the authority and affiliated licensing bodies as fictitious structures with no physical or legal existence in the territory of the Union of the Comoros.
Related entities continue issuing licences regardless. The Anjouan Gaming Control Board alone has reportedly issued more than 1,300 gambling licences at roughly 18,500 dollars a year.
An Australian Broadcasting Corporation investigation published on 31 December 2025 examined the arrangement in detail. Comoros officials issued a further public warning to the industry in early January 2026.
The 2024 FATF and GIABA mutual evaluation confirms that gambling is prohibited under Union of Comoros law.
What that means for you, practically
Strip out the geopolitics and the practical position is simple.
- There is no public register to check. You cannot independently verify an Anjouan licence number the way you can a Curacao one.
- There is no functioning complaints route. If an operator refuses to pay you, escalating to the regulator is not a step that exists in any meaningful sense.
- There is no enforcement. No suspension, no revocation, no penalty that anyone can point to.
- There are no player fund requirements that anyone supervises.
An Anjouan licence is best understood as a fee paid for a document, not as regulation. Whatever protection you imagined a licence gives you, assume it is absent.
Which tracked operators hold one
- Rainbet, ranked third by deposit volume
- Duel, ranked fourth, and the operator with the highest average deposit in our entire set
- BC.Game, which moved to an Anjouan licence when its operating entity changed in 2024
That last one is the pattern worth noticing. Anjouan is where operators go when other jurisdictions become difficult.
Why this alone puts an operator on our watchlist
Standing is about verifiable licensing and operating history, not about product quality. Duel has the best Originals maths in the market and a founder with a nine year track record. Rainbet is growing faster than almost anyone. Neither of those facts creates a route to recover funds if something goes wrong.
The fair counterpoint
Operators using these licences generally maintain that the arrangement is valid and that they operate lawfully. Many of them pay players reliably every day, and a weak licence is not evidence that any particular operator behaves badly.
The point is narrower and harder to argue with: the licence provides you with nothing. Whatever confidence you have in an Anjouan licensed operator has to rest entirely on the operator itself, because there is no institution standing behind it.
Practical conclusion. If you play at an Anjouan licensed casino, treat the balance as fully at risk, keep it small, and withdraw regularly. Those are reasonable precautions everywhere and they are the only protection available here.
Gambling carries a negative expected return. Over enough bets the house edge wins by design, and no ranking on this site changes that. If it has stopped being a choice, free confidential help exists: Peluuri in Finland, Stödlinjen in Sweden, BZgA in Germany, and GamCare internationally.
Related
The full case study
Sources, timeline and what the reporting established.
Duel
The best maths in the market, on the weakest licence.
How standing works
Why a licensing question is enough for a watchlist marker.