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German investigators raid suspected unlicensed betting network handling over €5.8bn
By SectorWire desk ·
Summary
German investigators searched 11 properties around Frankfurt and the Rhine-Main region over suspected unlicensed betting. Authorities allege five suspects handled more than €5.8bn in stakes between mid-2021 and the end of 2023. Investigators also executed an asset seizure of approximately €82m, according to prosecutors quoted in the report.
Why it matters
German enforcement against suspected unlicensed betting includes property searches and an asset seizure of approximately €82m.