SectorWire
SearchGet the daily briefing
Menu

Istanbul court orders Papara founder’s re-arrest in illegal betting case

Enforcement & compliance

Istanbul’s 11th Heavy Penal Court issued a new arrest warrant for Papara founder Ahmet Faruk Karslı after the prosecutor’s office challenged his release. Prosecutors allege Papara’s payment network processed about TRY12 billion linked to illegal betting between 2021 and 2023; Karslı and the company deny wrongdoing, and the case remains before the courts.

The case puts payment companies accused of facilitating illegal betting under scrutiny alongside gambling operators.

Request a correction

Keep reading

Enforcement & compliance

São Paulo police arrest three suspects and seek to block R$154m in illegal betting case

São Paulo Civil Police arrested three suspects in an investigation into alleged illegal betting and fraudulent online games during Operation Disque 151 on 13 October. A court authorised the blocking of up to R$154m in assets and funds; investigators said the group moved more than R$14m over six months and estimated that about 10 million people may have been affected.

Continue reading