Online gambling: Look who’s knocking at the door
News24
South Africa’s gambling regulator investigates Bet777, linked to a crypto scam network via its owner Maor Yehudai.Summary
South Africa’s Western Cape Gambling and Racing Board is still investigating Bet777’s licence application, despite red flags about fraud and money‑laundering linked to its owner, Maor Yehudai, who previously provided payment services for a cryptocurrency scam network. The regulator refuses to disclose licence holders, raising concerns that the expanding online gambling market could be exploited by criminal actors. Evidence shows Yehudai’s companies processed payments for the Gloffix crypto platform, which operated without a licence and attracted victims through deceptive ads, illustrating how online gambling could serve as a cover for illicit financial activity.
(Source：News24)