Most sites that take bets on Street Fighter 6 or Tekken 8, the kind of match fighting game forums argue over for days afterward, carry a small badge at the bottom of the page. It says the site is licensed in Curacao. That badge used to be orange. Orange ones stopped counting on 15 October 2025, so a site still showing one is showing you something dead.
Curacao pulled its gambling licence system apart in 2025 and built a new one, one now governing more than 330 active licences according to this licensing summary. That reaches straight into fighting game betting, because the books pricing EVO brackets and Capcom Cup matches are almost all Curacao operations.
Four Private Firms Used to Sell the Licences
For about 30 years, Curacao handed out four master licences to private firms called Antillephone, Curacao eGaming, Gaming Curacao and Cyber Rock Entertainment. Those firms then sold sub-licences to operators. A betting site could go live cheaply, put a seal in the footer and answer to a company rather than a government.
That's why so many esports books ended up there. Fighting game betting is a small market. No book is taking millions on a Guilty Gear Strive top eight. The ones willing to price it are the ones with low overheads and a global reach, which described Curacao exactly.
The law changed on 24 December 2024. Curacao passed the National Ordinance on Games of Chance, known as the LOK. The master licence system was scrapped with it. The last master licence expired on 31 January 2025. Sub-licences were revoked outright, with no grandfather clause for sites running on one at the time.
The New Licence Costs Real Money
Operators apply straight to the Curacao Gaming Authority, and the CGA is a government body rather than a middleman. It runs a public register, and it can suspend or revoke one. It also supervises anti-money-laundering rules, which is a first for the island. That is the part to keep in mind if a site you found through a match thread or a friend's recommendation ever goes quiet about where your withdrawal went.
The bill went up with it. A B2C licence costs somewhere near €47,450 a year once treasury and supervision fees are counted, before application and compliance work. From 1 January 2026 an operator also needs real presence on the island, so an office, staff and a managing director who lives there.
Some big names paid for it. Stake holds a direct CGA licence, as does Cloudbet, and both take fighting game markets during EVO and the Esports World Cup. Their licence numbers sit in the public register and can be looked up. Others walked. Yolo Group moved Sportsbet.io and Bitcasino.io to Estonian licensing instead, which is a straight answer to a cost question.
The transition hasn't been smooth, and it's fair to say so. Reports through 2026 describe the CGA's supervisory board resigning soon after launch and a criminal complaint against a senior finance official over how provisional licences were handled. The rules are stronger than the old system. The regulator running them is still finding its feet, and that gap is fair to keep in mind before treating a licence as a guarantee.
Checking a Seal Takes a Minute
Start by clicking the seal rather than looking at it. A real one is a link and it should take you to cert.cga.cw. If it opens a picture, a PDF or nothing at all, it is decoration. In February 2026 the CGA put out a warning about a site called trumpbet.cc that was showing a fake seal, so this happens.
Next, check if the domain on the certificate page matches the site you are on. A certificate belonging to a different operator is treated as fraudulent by the regulator. Then check the status reads Active. If you want a second look, the register on the Curacao Gaming Authority site lets you search by company name.
None of this tells you the odds are good. A licensed book can still price a Tekken 8 grand final badly. A five-game set between two players with two prior meetings is close to a coin flip whatever the odds say. The check tells you one thing only, which is whether there's a regulator to complain to when a payout stalls.
EVO 2026 ran in Las Vegas from 26 to 28 June, with Street Fighter 6, Tekken 8, Guilty Gear Strive, 2XKO and Fatal Fury on the schedule. The Esports World Cup put a million dollars on Street Fighter alone. The betting follows those brackets. The paperwork behind it changed underneath, and most of the footers have not caught up.

