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> Unbeknownst to investors, DraftKings’ merger with SBTech also brings exposure to extensive dealings in black-market gaming, money laundering and organized cri
by samizdis 5y ago
> Unbeknownst to investors, DraftKings’ merger with SBTech also brings exposure to extensive dealings in black-market gaming, money laundering and organized crime.
> Based on conversations with multiple former employees, a review of SEC & international filings, and inspection of back-end infrastructure at illicit international gaming websites, we show that SBTech has a long and ongoing record of operating in black markets.
> Contrary to representations made to Oregon’s state lottery, a former employee told us SBTech had extensive operations in Iran, violating local laws in a market subject to heavy U.S. sanctions. We were told SBTech knowingly operated there for 4-5 years with the founder directly overseeing the operation.
- Mauricebranagh 5y agoPerfectly legal gaming operations outside of the USA have been considered illicit and had employees arrested. The US does seem to have a lot of puritan hang-ups not helped by local gambling monopolys. Surprised that draft kings don't go with one of the UK online gaming firms.
- adamrezich 5y agoon the other hand, when I visited Ireland a couple years ago I was kind of shocked at how common sports betting establishments were there, much like you'd see payday loan-type places here in poorer areas of the States
- deleted 5y ago[deleted]
- Mauricebranagh 5y agoBetting on the horses is a very Irish thing to do grin You'd rather have illegal off course betting ala Peaky Blinders or like IRL my Great Great Great Uncle ran in Birmingham (does make watching peaky Blinders interesting)