SoftSwiss, once a trusted name in the online gambling industry, has long positioned itself as a “neutral” technology provider. But the truth behind its partnership with DAMA N.V. tells a different story—one filled with fraud, regulatory evasion, and a systematic approach to exploiting legal loopholes. SoftSwiss, far from being a neutral party, has been complicit in enabling one of the most aggressive, illicit operations in the iGaming world.
DAMA N.V. & The Bait-and-Switch Tactics
The tale begins with DAMA N.V. (formerly Direx N.V.), a company that has long been involved in questionable gambling practices. While SoftSwiss insists it is merely providing technology, public records and investigations paint a more insidious picture. DAMA has been accused multiple times of operating in grey markets and targeting jurisdictions with weak or non-existent regulations. The most damning of these accusations came from Australia, where DAMA’s platforms were flagged for illegal gambling activity. Yet, SoftSwiss continues to partner with them, facilitating their operations with cutting-edge software, payment processing solutions, and backend infrastructure.
By supplying the technology for DAMA’s operations, SoftSwiss has become an unwitting accomplice in the scams orchestrated by the operator. While DAMA reaps profits by defrauding players, SoftSwiss sits in the background, turning a blind eye to the illegal activities as long as the checks clear. This is not the partnership of a legitimate provider—it is a calculated business decision to exploit poorly regulated markets at the expense of consumers.
A Deeper Investigation: The Financial Scams
DAMA N.V. and its associated gambling brands have been accused of defrauding players in several ways. From rigged games to delayed payouts, the complaints against DAMA are countless. SoftSwiss, far from remaining neutral, has supported these operations by providing the very tools that allow them to thrive. The software infrastructure they provide is critical in perpetuating these scams, with some reports even suggesting that SoftSwiss has been complicit in using its tech to mask fraudulent transactions.
Moreover, SoftSwiss’ technology enables DAMA to bypass common anti-money laundering (AML) checks by routing transactions through unregulated channels. This has allowed DAMA to operate in jurisdictions like Australia, where their platforms would otherwise be shut down. By continuing DAMA and SoftSwiss is effectively providing a shield for operators that have no regard for player safety or regulatory compliance.
Regulatory Evasion & Systemic Failure
What’s worse is that SoftSwiss has actively sought out jurisdictions like Curacao to maintain its operations. In these regions, regulatory bodies are either non-existent or too weak to enforce any real oversight. By maintaining its operations in such places, SoftSwiss and DAMA are able to exploit a system that rewards secrecy and fraud. It’s no coincidence that DAMA operates several of its brands under the guise of legitimate gambling operations in jurisdictions like Curacao, using these locations to shield their true nature.
This isn’t just an isolated case. It’s an ongoing strategy to circumvent the law, maximize profits, and, most disturbingly, turn a blind eye to the real victims—the players. In the world of SoftSwiss and DAMA N.V., the bottom line matters more than transparency, fairness, or legal accountability.