What might have happened is that they have been noticed by the authorities, so they decided to go full corporate, with casino practices and money management. But they are not boasting with ridiculous third world gambling license yet, that I can see.
The terms and conditions seem to confirm this:
If Fairlay LLC suspects any user to be involved in any of the outlined forbidden activities, it may suspend that user's account and withdrawals until the identity and residency of the user is established.
So basically, we have your money and can take it away if you give us pretext. Gambling industry standard.