iGaming Finance News
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Indonesian Police Apprehend $32M Belonging to Businessmen Charged with Money Laundering
Police in Indonesia have confiscated over $32 million worth of assets from two businessmen. The authorities cite illegal internet gaming as the…
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Streamer Fined DKK 10,000 for Promoting Illegal Online Gambling Sites
A streamer agreed to pay DKK 10,000 as a fine after promoting gambling sites on Twitch without having Danish licenses. Twitch allows…
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Brazil Initiates Major Action Against Financial Institutions Involved in Illegal Gambling Transactions, Potential Fines Reach R$2 Billion
Brazil’s Secretariat of Prizes and Betting (SPA) has sent formal notifications to 33 financial and payment institutions that processed transactions with unauthorised…
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A Twitch Streamer in Denmark Has Been Fined to Pay DKK 10,000 for His Actions
The Danish Gambling Authority, Spillemyndigheden has reportedly fined a Danish Twitch streamer DKK 10,000 ($1,505) for adverts for unlicensed gambling sites during…
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Michigan Man Scores $6 Million Lottery Prize after Four Decades of Playing
The decades of fidelity to the gambling of a Michigan resident has brought the desirable outcome: the life-changing award. A whopping $6…
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Millions Bet on Papal Outcome, One Gambler Wins Big on Unexpected Choice
When the time came for the world to meet the new pope, many eyes were on the Vatican and even more wallets…
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Ex-Lawyer Sentenced for $8.7M Investor Fraud and Lavish Las Vegas Gambling Spree
Sara Jacqueline King, a Californian attorney, led a double life as a high rolling gambling superstar in Las Vegas. She spent almost…
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Indonesia Uncovers $32M Online Gambling Laundering Network, Exposing Deep Financial Loopholes
Indonesian police have busted a massive online gambling-linked money laundering scheme worth Rp530 billion ($32 million). The operation, which has been running…
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France’s Gambling Industry Forecast to Hit €14 Billion in 2024, Rising to Fourth in Europe
France is set to hit €14 billion in gross gaming revenue (GGR) in 2024, making it the 4th largest gambling market in…
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Spain Set to Enforce Over €142 Million in Gambling Penalties in 2024
Spain’s gambling regulator imposed €142.7 million in fines on online betting and gaming operators in 2024. The Directorate General for the Regulation…
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Sovereignty Wins as the Kentucky Derby Hits a $349 Million All-Time Wagering Handle
Setting a Record During the Triple Crown’s First Event Wagering handle at the Kentucky Derby reached a record high of $349 million…
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Norwegian Lottery May Be Hit with $4.4M Fine after Years of Draw Errors
Highlights Norsk Tipping is in danger of a big fine after they found mistakes in the Eurojackpot and Lotto draws. Every draw…
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National Police Agency (NPA) of Japan: About 3.37 million residents involved in illegal gambling
According to estimates by the NPA, Japanese users spend a total of 1.24 trillion yen (around $8.6 billion) annually on gambling operator…
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Bybit CEO: Only 3.84% of the total amount of crypto assets stolen in February have been frozen so far
As a result of a cyberattack by North Korean hackers in February this year, crypto exchange Bybit lost approximately $1.46 billion…
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Kiickr: How the new affiliate network from Game Lounge grew by 200% and what it means for the gambling market
The affiliate network Kiickr, launched by Game Lounge in January, is showing impressive growth. According to the project’s official LinkedIn account,…
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Central Bank of Brazil: we lack the authority to block transactions to illegal operators
The President of the Central Bank, Gabriel Galípolo, speaking in the country’s parliament last week, stated that any blocking of transfers…
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Bet365 stops operations in the Chinese market
One of the world’s largest betting operators, Bet365, has officially ceased its operations in the Chinese market. This move has surprised many,…
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