Juice.gg: Compliance Briefing & Payment Rail Analysis – Unlicensed Skin Gambling via Cyprus Payment Agent

Charlene Lensburg
Tue, 10 Mar 2026 10:33:24 +0000
Crypto Compliance, Gambling Compliance, Illegal gambling, Illegal Payment Services, ticker, G2Play, Juice Entertainment, Juice Holdings, Juice.gg, JuiceGG Entertainment, Kinguin, Swapped, Swapped.com

Juice.gg is an unlicensed CS2 skin-gambling platform operated by Belize-registered Juice Holdings Ltd. The platform illegally targets global users, including minors. To circumvent strict European banking blocks and AML checks, the scheme utilizes a dual-entity structure, employing Cyprus-based JuiceGG Entertainment Ltd as its EU payment agent, while heavily relying on a deceptive third-party gift-card payment loop.

Juice.gg is an unlicensed CS2 skin-gambling platform owned and operated by Belize-registered Juice Holdings Ltd. Despite lacking any recognized iGaming license, the platform illegally targets global users, including minors. To circumvent strict European banking blocks and AML checks, the scheme utilizes a dual-entity structure, employing Cyprus-based JuiceGG Entertainment Ltd as its EU payment agent, while heavily relying on a deceptive third-party gift-card payment loop.

Key Entity & Compliance Data

Data Point | Details
Brand Name | Juice.gg
Operating Entity (Owner) | Juice Holdings Ltd
EU Payment Agent | JuiceGG Entertainment Ltd
Registered Jurisdictions | Belize (Operator) / Cyprus (Payment Agent)
Claimed License(s) | None (Unlicensed)
Targeted / Illicit Markets | Global (including US, UK, and EU)
Identified Payment Processors | Swapped.com, Kinguin, G2Play (via Gift Cards), Cyprus-based Acquirers, Crypto Wallets
FinTelegram Risk Rating | RED

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Regulatory Framework & Operational Status

Juice.gg explicitly states on its website that it is owned and operated by Juice Holdings Ltd, an offshore corporate entity registered in Belize. Crucially, the platform operates entirely outside the regulated iGaming perimeter, failing to hold any recognized gambling license—not even from permissive offshore jurisdictions like Curacao or Anjouan.

Despite this lack of authorization, Juice.gg illegally targets players in strictly regulated markets, including the US, UK, and the European Union, without implementing effective geo-blocking or standard KYC/AML protocols. The platform’s reliance on CS2 skin unboxing appeals heavily to underage demographics, severely amplifying its regulatory hazard. To create a facade of European legitimacy and access local banking networks, the Belizean operator explicitly names JuiceGG Entertainment Ltd, registered in Cyprus, as its official EU payment agent. This dual-entity structure is a classic offshore maneuver designed to obscure the flow of illicit gambling funds from regulated financial networks.

Payment Rails & Processor Analysis

Juice.gg cashier with Swapped.com

Because the unlicensed Belizean operator (Juice Holdings Ltd) cannot legally secure direct merchant accounts, Juice.gg employs a bifurcated, highly deceptive payment rail strategy to extract fiat from regulated markets.

First, the integration of JuiceGG Entertainment Ltd (Cyprus) as an EU payment agent is a critical compliance red flag. By utilizing this European front company, the offshore operator can plug into the European SEPA network and acquire EU-based payment processing. The Cyprus entity acts as the “merchant of record,” absorbing player fiat deposits and subsequently funneling the funds offshore to Belize. This structural separation deceives European acquiring banks and e-wallets into processing payments for an unlicensed gambling operation under the guise of a legitimate Cyprus-based digital entertainment firm.

Second, the platform weaponizes a “gift-card payment loop.” Users are directed to purchase digital Juice.gg vouchers on secondary marketplaces like Kinguin and G2Play using standard fiat methods (Visa, Mastercard, PayPal). The acquiring bank codes these transactions as generic digital goods, successfully bypassing Merchant Category Code (MCC 7995) gambling restrictions. Users then redeem these codes on Juice.gg, effectively laundering fiat into betting credits while destroying the AML audit trail. Furthermore, direct crypto deposits are actively processed without any verified fiat-to-crypto compliance gateways acting as an AML buffer.

Third: Because the unlicensed Belizean operator (Juice Holdings Ltd) cannot legally secure direct merchant accounts, Juice.gg employs a highly deceptive, two-step “fake fiat” payment rail to extract funds from regulated markets. During our review, we discovered that the Danish fiat-to-crypto on/off-ramp Swapped.com acts as the sole FIAT payment facilitator for the platform.

When a player initiates a fiat deposit, the transaction is routed through Swapped.com’s gateway. In the first step, the player unwittingly purchases USDC stablecoins via their credit card or bank account. Once the fiat transaction clears, the second step is triggered: Swapped.com automatically transfers the newly purchased USDC directly to Juice.gg’s crypto wallets. This structure effectively launders the gambling deposit as a standard retail cryptocurrency purchase, successfully bypassing issuing banks’ Merchant Category Code (MCC 7995) gambling restrictions and obfuscating the AML audit trail. We have prepared a separate, detailed compliance report examining Swapped.com’s specific role and regulatory exposure in this scheme.

Read our report on Swapped’s Juicy payment rail here.

Compliance Verdict

Juice.gg presents an extreme regulatory and AML hazard. By combining

a Cyprus-based payment agent scheme (JuiceGG Entertainment Ltd) with

fake FIAT deposits via on/off-ramper Swappec.dom, and

third-party digital marketplace gift cards,

the Belizean operator (Juice Holdings Ltd) has constructed a sophisticated network to systematically bypass global banking blocks. Payment Service Providers, acquiring banks servicing Cyprus, and digital marketplaces like Kinguin are unwittingly acting as financial conduits for unlicensed, potentially underage gambling. Regulators and PSPs must immediately scrutinize transactions linked to this dual-entity structure to close this illicit fiat gateway.

Did you deposit funds at Juice.gg? We need your input. To expose the hidden payment processors facilitating offshore gambling, we ask players to share their deposit experiences. Please check your bank or credit card statements: what is the exact merchant name that appears for your deposit? Share your receipts, screenshots, and bank statement descriptors with us securely and anonymously via our Whistleblower system.

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