FIFA Gambling – Police Seize $1.5 Million in Crypto

$1.5 million worth of cryptocurrencies were seized by Local police officials in China as part of a crackdown on gambling during the 2018 FIFA World Cup. As Xinhua reported the unnamed gambling platform in May following advertisements that claimed it would “accept international recognized cryptocurrencies including bitcoin, ether, and litecoin” to draw in users. Over the course of eight months, some 333,000 users used the site, which reportedly saw an estimated transaction volume of at least $1.5 billion.