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Anjouan in 2026: will renewals confirm long-term demand?

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3 dagar sedan
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3 dagar sedan
gbse

We’ve all been hearing how "hot" Anjouan has become in the licensing world, so here are a few fresh datapoints from the register that put the hype into numbers.


Key statistics (as of 3 March 2026)

The statistics show 1,209 active operators. What stands out most is how renewal-heavy 2026 will be: 952 licences, or 78.74% of all active licences, expire this year. So 2026 isn’t just another growth year. It’s a real stress test for renewals.


Issuance momentum

The growth curve explains the expiry spike. Issuance jumped from 44 licences in 2023 to 430 in 2024, then 582 in 2025. With a roughly annual cycle, that 2025 cohort rolls straight into 2026 expiries: 579 out of 582 expire in 2026. The 2024 cohort also feeds into it heavily, with 344 expiring in 2026.


B2B vs B2C

The 2026 expiries are overwhelmingly B2C: 90.14%. That’s important because B2C is where real-world friction usually shows up first, things like PSP appetite, KYC/AML expectations, player-facing trust, and dispute handling. If there’s going to be a visible "quality filter" in renewals, it’s most likely to appear here rather than in quieter B2B activity.


What’s next

The core question for 2026 isn’t only "are licences being issued?", but "how many operators renew once the first 12 months are over?" If renewal rates hold, the active licence count can keep rising even if new issuance slows. If renewals are weak, you’ll still see plenty of movement, but more churn than real growth.


Questions for the audience

Do you think 2026 is the year Anjouan proves staying power, or the year we start seeing the ceiling? What renewal rates would you expect once the big 2025 cohort comes due? And in your experience, what usually drives non-renewal the most: payments/PSPs, compliance burden, reputational concerns, or operators simply rotating to the next "fast and cheap" option?

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Valge
2 dagar sedan
gbse

I have a different question if you do not mind. How strong is the licensing authority in the eyes of players, given that it does not directly resolve disputes and leaves players to rely on operators' ADR procedures or find their own ADR services?

Fast and cheap, if you ask me. But let the others share their opinions.

2 dagar sedan
gbse

A big chunk of that 2025 cohort were operators who licensed up speculatively or were just shopping for the cheapest flag to plant.


Some of them never even launched properly.


The more interesting signal will be what percentage of operators who actually went live and processed real volume choose to stay. That's the number that will tell you the truth.

enoch_the_bat
2 dagar sedan
gbse

That’s actually a great point. Unfortunately, that kind of data isn’t publicly available.

Valge
igår
gbse

it's up to speculation then 😉

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