iGaming Finance News
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Illegal Gambling Operation on Papara! What Becomes of the Balance in the Accounts? Flash Announcement by TCMB
During the illegal betting investigation by the Istanbul Chief Public Prosecutor's Office, officials issued detention orders for 13 suspects, including Ahmed Faruk…
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Sweden Gaming Revenue Drops 1% QoQ to SEK 6.61 Billion in Q1
The regulated gambling market in Sweden recorded SEK 6.61 billion ($693.4 million) in Q1 2025, based on new data from Spelinspektionen, the…
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eFishery’s Rise and Fall: The Startup Dream That Deceived the World
eFishery, one of Asia’s most promising agritech startups, has become a cautionary tale of ambition turned deception. The Indonesian startup, founded by…
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Republicans Call for Investigation into DOD’s Taxpayer-Funded Spending at Casinos, Bars and Nightclubs
House Oversight Chairman James Comer from Kentucky and Senator Joni Ernst from Iowa are calling for an investigation into federal charge card…
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Blackstone Considers £2 Billion Sale of Clarion Events
Blackstone is preparing to sell Clarion Events, the ICE iGaming conference’s London-based organiser, valued at around £2 billion. Four sources familiar with…
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Bybit Launches USDT-Powered Stock Trading, Unifying Crypto and Traditional Assets
Dubai-based cryptocurrency exchange Bybit has announced a move to bridge the gap between digital and traditional finance by enabling direct trading of…
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Coinbase Rejects Ransom Demand, Offers $20M Reward in Response To Insider Attack
Coinbase has revealed details of a recent insider attack involving bribed overseas support agents who leaked sensitive user data. This breach affected…
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Japanese Citizens Spend $44.2 Billion Each Year on Illegal Sports Betting Websites
An association of some of the nation’s top firms estimates that Japanese residents spend $44.2 billion on overseas-based illegal sports betting sites…
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Swedish Players Exploit ATG Slots Glitch: Thousands of Euros Cashed Out
A problem happened with several slot machines at online casino ATG. This glitch allowed Swedish players to win thousands of euros, even…
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Illegal Gambling Lubricates the Shadow Economy and Crime, Officials Warn
Illegal gambling increases the shadow economy, money laundering, human trafficking, drug dealing, and arms trading, said Deputy Minister of Interior Filip Popov…
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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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