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South Korea extradites two gambling suspects from the UAE

Enforcement & compliance

South Korean authorities said two suspects were arrested in the UAE and extradited to South Korea via Incheon Airport on 4 July. Authorities allege that one suspect ran an online gambling network valued at about 4.8 trillion won and evaded 66 billion won in tax; the other is accused of recruiting school students into a network valued at about 500 billion won. The government plans to investigate accomplices and pursue proceeds recovery.

The investigation targets overseas gambling networks and alleged recruitment of school students, with further action against accomplices planned.

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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.

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