
High counterparty risk. The operator is completely anonymous with no disclosed license, parent company, or jurisdiction, so there is no entity to pursue and no regulator to appeal to in a dispute. The casino NGR base deducts uncapped 'administration fees' alongside winnings, bonuses, fraud costs, chargebacks and returned stakes, making the nominal 25% RevShare deceptive. The terms are silent on negative carryover (the profile claims a monthly reset but this is unverified in the public T&C), define 'Brand(s)' as all brands the operator runs (raising cross-brand bundling risk), and grant the operator unilateral discretion to demand UBO/AML documentation and withhold commission before payment. A high EUR 500 minimum payout compounds the risk for smaller publishers.
Editorial
High counterparty risk: fully anonymous operator, no disclosed licence/parent/jurisdiction. Flat 25% RevShare undercut by uncapped admin fee, €500 floor, and indefinite AML/KYC commission holds. Grade C, flagged Provisional.
House Grade
Low
~25%
Negotiable (via AM)
Monthly (by the 15th)
On req.
On req.
Low
~25%
Negotiable (via AM)
Monthly (by the 15th)
S2S On req. / API On req.
Cheddar Affiliates is fundamentally optimized for established, professional media buyers and veteran publishing teams capable of driving consistent, high-volume traffic to comfortably cross the program's €500 payout barrier. While its total corporate anonymity and heavy Net Gaming Revenue dilution vectors require careful strategic planning, the combination of an enterprise-grade tracking platform and a monthly negative balance reset offers a stable environment for seasoned iGaming marketers. It is an ideal fit for high-volume campaigns, though entry-level publishers may prefer scaling up on platforms with lower payment thresholds first.
Cheddar Affiliates operates as a dedicated business-to-business (B2B) marketing program within the global iGaming and online casino sector. Powered by Paysafe’s mature Income Access tracking infrastructure, the platform provides independent online publishers and media buyers with standardized cookie-based tracking and a localized reporting interface available in both English and Arabic. Launched under Version 1.0 terms in July 2024, the program positions itself alongside mid-tier offshore networks, leveraging its well-recognized tech stack to ensure high data and tracking reliability.
While its technical infrastructure is solid, potential marketing partners face a completely anonymous corporate counterparty. Cheddar Affiliates does not publicly disclose its parent company, physical address, or regulatory gaming licenses, which shifts a higher level of operational and administrative risk onto the affiliate. Furthermore, the network maintains high operational standards through rigorous traffic quality controls—explicitly banning search engine brand bidding—and holds the discretionary authority to mandate sensitive anti-money laundering (AML) and ultimate beneficial owner (UBO) corporate verifications prior to releasing commissions.
Commission Type
RevShare, CPA, Hybrid
Commission Details
RevShare 25%
Payout Frequency
Monthly (by the 15th)
Min Payout
500 EUR
Admin Fee
Yes
Negative Balance
Reset
Software
Income Access
Branded Traffic
Forbidden
NGR Formula
NGR = Bets - Admin Fee - Bonuses - Chargebacks - Fraud - Licensing Fee - Progressive Fee - Returned Stakes - Royalty Fee - Taxes - Wins
1 casino brand running on this program is reviewed on CasinoMass:
Target GEOs
No reports filed against this program.
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House Grade
Heavy deductions (15% admin + 5% on transactions) erode headline RevShare — forecast net, not headline. Tier-2 licensed only.
Medium
~30%
By negotiation
Monthly
Yes
Yes
Medium
~30%
By negotiation
Monthly
S2S Yes / API Yes
Reliable Tier-2 crypto-friendly casino program — clean GPWA payment record, no bundling, monthly multi-currency payouts. Solid for media buyers, but model the 15%+5% deductions before scaling.

N/A
On request
On request
Once a week
On req.
On req.
N/A
On request
On request
Once a week
S2S On req. / API On req.

N/A
On request
On request
—
On req.
On req.
N/A
On request
On request
—
S2S On req. / API On req.

House Grade
This is a US grey-market offshore program: it targets American players under a Curaçao licence (UIGEA risk), so payment rails lean on crypto and traffic from the 23-country Curaçao restricted list (UK, France, Netherlands, etc.) earns nothing. The headline rev-share is eroded by a 20-30% 'system commission' plus bonus/fee/chargeback deductions, and uncapped negative carryover applies to baseline accounts — negotiate 'No-NCO' or high-roller quarantining before scaling. Losses may be bundled with sister brand Gossip Slots (unconfirmed). Verify the Curaçao 'Green Seal' / LOK direct licence is live. Finally, keep marketing strictly separate from the music artist Drake (subject of a Stake.us RICO suit) — the casino is unrelated and predates that partnership, but name confusion is a trademark/scrutiny risk. Exact terms aren't on the public site; confirm rev-share, cookie window and NCO with an account manager.
Low
~25%
By negotiation (CPA & hybrid on request)
Monthly (~$100 threshold)
Yes
No
Low
~25%
By negotiation (CPA & hybrid on request)
Monthly (~$100 threshold)
S2S Yes / API No
US-facing offshore Curacao casino since 2012 (Betsoft slots, sister Gossip Slots): stable, sticky product, crypto payouts. But grey-market, 20-30% platform fee erodes rev-share, uncapped NCO on baseline accounts. Grade C, Provisional — negotiate No-NCO.

House Grade
Grey-market operator on a Tier 2 Curacao sub-license targeting AU/CA/NZ; ACMA block-lists mirror domains and banks restrict card deposits (~40% success), so traffic must lean on crypto/voucher funding. Limited legal recourse in disputes.
Medium
~25%
By negotiation (AM)
Monthly (Net-20)
Yes
Yes
Medium
~25%
By negotiation (AM)
Monthly (Net-20)
S2S Yes / API Yes
Reasonably safe, solid earning — no negative carryover, zero admin-fee deductions, single-brand payouts, reliable monthly pay. Best for SEO and media buyers who can convert crypto- and voucher-savvy grey-market traffic.

House Grade
Two structural catches offset the strong headline terms. First, negative carryover is uncapped by default — a single winning sports whale can zero your commissions for months — so negotiate a monthly/quarterly NCO reset or high-roller quarantine before scaling. Second, undisclosed admin fees plus bonus, game-provider and payment-processing deductions cut the effective rev-share well below the 50% headline (~35% at the top tier). It runs on a Vanuatu (Tier-2) offshore licence aimed at grey-market Asian GEOs, and strictly excludes the US, UK, Australia, Singapore, Philippines, Hong Kong, France and Germany. Stats are day-level (not real-time) with a 15-business-day payout hold, and there was one resolved 2022 GPWA missing-payment warning. Best for experienced media buyers and sports publishers with genuine Vietnam/Indonesia/Thailand traffic; default to USDT payouts to avoid regional banking friction.
Medium
~30%
By negotiation (CPA & hybrid; KPI-gated)
Monthly (within 15 business days; $100 min)
Yes
Yes
Medium
~30%
By negotiation (CPA & hybrid; KPI-gated)
Monthly (within 15 business days; $100 min)
S2S Yes / API Yes
Established Asian sportsbook/casino (since 2007) on MyAffiliates: 30-50% rev-share, USDT/e-wallet, 10% sub-affiliate. Uncapped NCO (negotiable), undisclosed admin fees cut effective to ~35%, Vanuatu Tier-2 grey-market. Grade B — negotiate NCO reset.