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

South Dakota Could Soon Get Sports Betting With Deadwood Request

South Dakota Could Soon Get Sports Betting With Deadwood Request

Four years after South Dakota enthusiastically voted to allow Deadwood casino patrons to play keno, craps and roulette, a gambling industry group plans to ask state lawmakers for a 2020 ballot measure to bring legal sports betting to the historic mining town.

Liverpool’s Sturridge Charged With Breaching Betting Rules

Liverpool striker Daniel Sturridge could be facing a ban from football after being charged on Monday with breaching rules on betting.

Massachusetts, Rhode Island Residents Await Sportsbook Opening

Massachusetts, Rhode Island Residents Await Sportsbook Opening

Those in and around the Boston area will soon have a sportsbook within a 40 minute to 1-hour drive should the New England Patriots be playing in the 2019 Super Bowl.  Providence residence are in even better luck as that sportsbook is set to open just 15 minutes outside the city limits.

Wagerers Crossing the Delaware (and Hudson) for Sports Bets

Wagerers Crossing the Delaware (and Hudson) for Sports Bets

In the time it takes for a red light to turn green, Leonard Sciascia can get his sports bets made, turn around and head home.

Airplane Banner Denounces Jets’ Partnership With MGM

An airplane banner criticizing the New York Jets’ gaming deal partnership with casino operator MGM Resorts International circled MetLife Stadium several times a few hours before the team’s game against the Buffalo Bills.

Syndicate