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Lotteritilsynet and Økokrim warn against pyramid schemes and investment fraud in Norway

Regulation

Source: Lotteritilsynet (Norway)

Norway’s Lotteritilsynet and Økokrim warned people against putting money into pyramid schemes, investment fraud and other scams. Lotteritilsynet said participation in illegal pyramid schemes is prohibited and may lead to fines or imprisonment; Økokrim also highlighted investment fraud and pyramid schemes in its annual threat assessments.

The warning identifies legal and financial risks for gambling businesses and people involved in illegal pyramid schemes.

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North West Gambling Board hosts youth soccer final to warn against underage gambling

The North West Gambling Board held the final of its first Provincial Youth Soccer Tournament at Montshioa Stadium in Mahikeng. The board said the event, run under the themes "Don't Gamble Your Future Away" and "Gamble Responsibly", aimed to raise awareness of the harms of underage gambling. Mofatlhosi Secondary School took first place and R25,000, with the tournament funded through licensed operators' socio-economic development contributions and sponsorships from ABSA, SunBet and Rio Casino.

The North West Gambling Board (NWGB) held the final of its first Provincial Youth Soccer Tournament at Montshioa Stadium in Mahikeng, the board said. The event was staged under the campaign themes "Don't Gamble Your Future Away" and "Gamble Responsibly" and combined school football with educational exhibits on gambling risks and available support services, according to the board.

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