illegal betting
Coverage of illegal betting in the Nexus archive.
- Turkish authorities detain 17 soccer club officials in illegal betting probe
Turkish authorities detained 17 soccer club officials in a widening investigation into alleged illegal betting and match-fixing, including executives from top-tier clubs Galatasaray and Besiktas. Raids across Istanbul and nine provinces targeted suspects who allegedly placed bets while serving in official roles, with Justice Minister Akin Gurlek emphasizing a decisive fight against sports-related corruption. The scandal, which began with referee betting investigations, has expanded to players and officials, casting doubt on Turkish soccer's recent revival.
- Brazil Goes After the Money Behind Illegal Betting, Putting Fintechs on Notice
Brazil's government, under President Lula, has signed a decree allowing the freezing and seizure of funds from illegal betting operators. The government has identified 37 financial firms, mostly fintechs and payment companies, involved in moving money for these operations.
- Easy money or risky business? What can Hong Kong do as prediction markets boom?
The article discusses the rise of prediction markets in Hong Kong amid illegal betting trends linked to the football World Cup. It highlights Jean Pierre, a French freelance video creator in Hong Kong, who began using Polymarket to seek 'easy money' through betting.