Brazil: Police probe illegal $9.2m betting scheme using influencers
Brazilian authorities are investigating an alleged illegal betting operation that relied on digital influencers, foreign-based platforms and fabricated investment schemes.
Brazilian authorities are investigating an alleged illegal betting operation that relied on digital influencers, foreign-based platforms and fabricated investment schemes.
A newly created account on prediction market Polymarket generated more than $400,000 in profits from wagers placed shortly before the Trump administration confirmed military action against Venezuela, prompting questions over timing and market integrity.
Handover of investigation file marks major step in high-profile inquiry.
Proposed amendment seeks to classify gambling as a fourth-degree crime with sentences of up to four years.
Investigation finds digital content used as bait for illegal betting schemes.
Organized by the National Council on Problem Gambling and supported by the North American Association of State and Provincial Lotteries, the campaign aims to educate the public about the dangers of giving lottery products to minors.
Operator ends services following licence surrender and regulatory changes.
Virginia court case alleges celebrity-linked gambling funds inflated music streams.
The Ministry of Finance's betting authority and Brazil's Digital Council have extended a cooperation agreement with major tech platforms.
The marketplace had also requested additional time to brief its preliminary injunction notice but was officially denied by Wisconsin federal court on December 31 due to a lack of 'good cause.'