Dossier
illegal betting
Coverage of illegal betting in the Nexus archive.
- Brazil Goes After the Money Behind Illegal Betting, Putting Fintechs on Notice
Brazil's government, under President Lula, has signed a decree allowing the freezing and seizure of funds from illegal betting operators. The government has identified 37 financial firms, mostly fintechs and payment companies, involved in moving money for these operations.
- Easy money or risky business? What can Hong Kong do as prediction markets boom?
The article discusses the rise of prediction markets in Hong Kong amid illegal betting trends linked to the football World Cup. It highlights Jean Pierre, a French freelance video creator in Hong Kong, who began using Polymarket to seek 'easy money' through betting.