Chinese Seize $1.5 million Worth of Cryptocurrencies From FIFA World Cup Gambling

Written by:
Guest
Published on:
Jul/13/2018

Police officials in China seized more than $1.5 million worth of cryptocurrencies tied to illegal gambling on the FIFA World Cup.

According to Xinhua, police first noticed advertisements that claimed an unnamed gambling establishment would "accept international recognized cryptocurrencies including bitcoin, ether and litecoin" in order to draw in users.

In an eight month period, some 333,000 users patronized the site with some $1.5 billion taken in over that period.

A spokesperson from the police department in Guangdong province issued a statement saying the task force will "maintain a highly concentrated attention" on cracking down online soccer gambling and advised soccer fans to watch the games "rationally and consciously."

Gambling News

New Hampsire House Approves Sports Betting

New Hampshire moved another step closer to legalizing sports betting Tuesday with the House’s passage of a bill allowing mobile gambling and wagering at up to 10 retail locations.

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

Why are the national gambling companies Caesars (CZR) and Penn National (PNG) underperforming with their sportsbook operations both in Pennsylvania and New Jersey when compared to regional companies?

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

You can bet the 2019 Magic - Arena Mythic Invitational online.  Scroll down for all odds to win or go here now to find live odds and bet

Google Introduces New Gaming Platform Stadia

Google Introduces New Gaming Platform Stadia

Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.

New York Sportsbooks Unlikely in 2019

New York Sportsbooks Unlikely in 2019

Gov. Andrew Cuomo sounded doubtful that sports betting would come to fruition in New York State this year, music to the ears of offshore sportsbooks with most sites accessible to New York residents. 

Syndicate