ARI10 (Bitcan) is a prominent Polish crypto-financial group offering B2B gateways and exchange services. Despite its official VASP registration, the group has been identified as a critical payment rail for illegal offshore casinos, including PlatinCasino. By providing “fiat-to-crypto” on-ramps that mask gambling transactions as digital asset purchases, it poses a significant AML risk. R42 issues a Red Signal as the group navigates the 2026 MiCA transition.

R42 Risk Signal

• Traffic Light: 🔴 High Risk (Red)

• Confidence Grade: Confirmed (Corporate Registry + Forensic Payment Analysis)

• Rationale: Direct involvement in “transaction laundering” for unlicensed gambling entities and participation in the “Polish Shelter” strategy to bypass the Lithuanian MiCA deadline.

Key Data Table

What the Company Does

ARI10 provides a full-stack crypto ecosystem, ranging from B2C exchanges to B2B white-label gateways. Their “Gateway” product allows high-risk merchants to integrate a widget where players “buy crypto” to fund their accounts. This technical bridge ensures that the merchant (the casino) never directly touches fiat currency, shifting the compliance burden to Bitcan.

Regulatory & Legal Framework

• Polish VASP Register: Operating under the GIIF (General Inspector of Financial Information) oversight.

• MiCA Transition: Currently in the “grandfathering” phase. They must obtain a full CASP license by July 2026.

• Compliance Gap: While they perform KYC, they fail to block “transaction laundering” where the purpose of the crypto purchase is to fund unlicensed gambling.

Ownership, Founders, Executives

The group is led by Mateusz Kara, who has aggressively marketed the ARI10 token and ecosystem. The structure is designed for rapid expansion through various subsidiaries (Ari10 Terminal, L-Engine).

Corporate Structure & Related Entities

Bitcan Sp. z o.o. acts as the primary regulated exchange engine, while ARI10 Sp. z o.o. manages the brand and B2B gateway sales. They share infrastructure, office space, and management in Poznań.

Products, Integrations & Technical Footprint

The ARI10 Gateway is a highly optimized API designed for “high conversion.” It is frequently used in “cascading” payment setups where if a credit card transaction is declined as “gambling,” the user is redirected to the ARI10 crypto on-ramp.

Merchant / Customer Footprint

Extensive footprint in the German and Polish iGaming markets. Primary identified merchant: PlatinCasino. It also serves as a hub for displaced Lithuanian iGaming traffic.

Complaints, Allegations, Enforcement, Litigation

• FinTelegram Exposure: Multiple reports identifying Bitcan as a facilitator for illegal gambling.

• Consumer Protection: Allegations that the “crypto buy” model is used to strip players of EU consumer rights (chargebacks) for gambling losses.

Risk Factors & Red Flags

• Regulatory Arbitrage: Using the Polish transition window to serve merchants expelled from the Baltics.

• Transaction Masking: Intentionally misrepresenting gambling deposits as “Crypto Exchange Services.”

Merchant Due-Diligence Checklist

• [ ] Is the transaction descriptor BITCAN or ARI10? (Result: ALERT).

• [ ] Does the “Terms of Service” at checkout mention crypto-asset purchase for a third party? (Result: HIGH RISK).

• [ ] Is the underlying merchant a licensed EU casino? (Result: LIKELY NO).

Evidence Box (References)

• [Polish Ministry of Finance – VASP Register RDWW-227]

• [KRS Business Registry – ARI10 & Bitcan Profiles]

• [FinTelegram Investigative Report: The Bitcan/PlatinCasino Link]

Update Log (Evergreen)

• Feb 2026: RatEx42 confirms ARI10’s role in the “Polish Shelter” migration. Risk Signal set to RED.

Call for Information (Whistle42)

Are you a former compliance officer at ARI10 or Bitcan? We are looking for internal communication regarding the onboarding of Curacao-licensed casinos. Report anonymously at Whistle42.com.