SectorWire
SearchGet the daily briefing
Menu

Singapore investigation links local companies to GemBet payment flows

Enforcement & compliance

A media investigation reported that offshore operator GemBet used three Singapore-registered companies to process PayNow deposits and payouts during the FIFA World Cup. The report said the companies were incorporated between March and May 2026; GemBet’s customer service representative reportedly described them as legitimate affiliates, while the operator declined to disclose Singapore customer numbers or betting value.

The reported payment arrangements could draw regulatory scrutiny of offshore betting access and local payment channels in Singapore.

Request a correction

Keep reading

Enforcement & compliance

French police investigate reported Polymarket bets on Ballon d’Or

French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or. Twelve accounts allegedly staked over 264m euro on the order of the first five finishers, with a reported profit of almost 200m dollars. France Football contacted police after receiving a warning before the final rankings were announced.

French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or, placed from twelve accounts. The accounts were allegedly created by the same person between 1 and 20 October, just three days after the jury closed voting.

Continue reading