..

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

DraftKings Scraps Entain Bid: Stock Surges

DraftKings Scraps Entain Bid: Stock Price Surges

DraftKings stock shot up 8% Tuesday on the news.  The deal was said to have been worth upwards of $22.4 billion.

Regulators Begin Expressing Concerns Over Deluge of Sports Betting Advertisements

Regulators Begin Expressing Concerns Over Deluge of Sports Betting Advertisements

US regulated sports betting firms face the prospect of having their ads regulated following a series of complaints.  Will the USA go the way of the United Kingdom and Spain when it comes to putting the kibosh on these ad spots?

US Industry Wonders: What Should Tomorrow’s Casino Floor Be?

US Industry Wonders: What Should Tomorrow’s Casino Floor Be?

Walk into a casino today, and chances are it won’t look that much different than it did in the 1942 movie “Casablanca” when Humphrey Bogart made his way through the gambling tables in the smoke-filled room.

MNF Free Pick: Saints Vs. Seahawks | Two Team Parlay

You can coach the living tar out of your players, but can you coach your players out of the tar? Has head coach Pete Carroll done this very thing? We give coach Pete his credit, he has earned much respect as a college head coach and now the long-running head coach of the Seahawks.

Iowa Pushing for Statewide Online Casino Gambling

Iowa Pushing for Statewide Online Casino Gambling

With mobile sports betting deemed a success in the state of Iowa, lawmakers are now pushing for legalization of online casino games.

Syndicate