CGA (Curaçao Gaming Authority)

For most of its history Curaçao issued a small number of master licences whose holders sold sub-licences onward with minimal oversight. The result was a jurisdiction that supplied a very large share of the world's offshore gambling at low cost, with weak complaint handling and little effective enforcement, and whose licence became shorthand in other markets for an operator that could not obtain one elsewhere.

The reform replaces that with direct licensing, an identified regulator, and obligations on anti-money laundering, player funds and complaints. Whether it changes the jurisdiction's reputation depends less on the statute than on visible enforcement against licensees, which is the test every reforming offshore regulator faces.

It matters beyond Curaçao because operators licensed there serve players in markets that have not licensed them, so the credibility of the regime affects channelisation arguments elsewhere.