Gambling

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Dramatic police raid on Stockholm's illegal gambling club, arresting five suspects amid cash and valuables.
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Five men suspected after raid on illegal gambling club in Stockholm

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Police raided the illegal gambling club Krukan in Stockholm's Södermalm district on Friday evening, in collaboration with Europol and Spanish authorities. Five men were arrested on suspicion of illegal gambling and money laundering, forming the core of a local criminal network. The operation involved nearly 150 officers and resulted in significant seizures of valuables.

The quiniela draws on January 22, 2026, revealed winning numbers across several rounds for Buenos Aires City and Province. The City Previa led with 4439, while the Provincial one with 4139. These results, overseen by provincial lotteries, are part of Argentina's most popular gambling game.

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South Africa's gambling industry has grown rapidly, with turnover reaching R1.5 trillion in the 2024/25 financial year, despite high unemployment and financial strain on households. This expansion, driven largely by online betting, reflects coping mechanisms rather than economic confidence. Problem gambling rates have risen sharply, straining mental health services.

Online crypto casinos are exploiting social media influencers and celebrities to attract a young audience, leading to widespread gambling addiction among teenagers. These offshore sites, illegal in the United States, offer easy access through weak verification and cryptocurrencies. A New York Times investigation reveals how streamers and stars like Drake promote reckless betting, drawing in vulnerable users.

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Prediction market platform Kalshi has secured $1 billion in funding, achieving an $11 billion valuation. CEO Tarek Mansour outlined a vision to turn every life outcome into tradable assets amid growing interest in betting on real-world events.

Nigeria's financial regulator has warned that citizens' heavy involvement in gambling and cryptocurrencies is diverting funds away from the capital markets, limiting resources for infrastructure development. Securities and Exchange Commission Director-General Emomotimi Agama highlighted stark disparities in investment participation. He noted significant daily gambling stakes and a surge in crypto transactions among the youth.

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Federal prosecutors in Brooklyn on Thursday, October 23, 2025, unsealed two indictments tied to illegal gambling, charging more than 30 people across 11 states — including Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier — in alleged insider sports-betting and rigged high‑stakes poker schemes with links to La Cosa Nostra.

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