Turkey Tightens Controls on iGaming Amid Legal Risks

Turkey Tightens Controls on iGaming Amid Legal Risks

Turkey is heightening its enforcement in the iGaming industry, impacting brands such as Meritking, Grandpashabet, and Jojobet. Notably, Casibom dropped from its leading position to fourth. Affiliates are advised by AffiliateValley to adapt by using organic strategies and avoiding direct betting mentions due to advertising bans.

Strategic Shifts for Affiliates

In response to these pressures, affiliates operating in Turkey should employ content-driven tactics, utilise offshore domains, and shift communications to closed channels, including Telegram and WhatsApp. Cryptocurrency is recommended as a means to circumvent payment restrictions effectively.

Football Scandal and Expanding Investigations

The football betting scandal in Turkey is expanding. Twenty individuals, including prominent football players, have been detained over allegations of betting on matches they played in. Legal actions are extending to league officials and club managers. The Turkish Football Federation has suspended numerous match observers.

Financial Sector Under Scrutiny

The Istanbul prosecutor has launched a significant investigation into fintech firm VEPARA for alleged offences linked to illegal betting and financial fraud. This move fits into a broader effort targeting digital payment schemes in the shadow iGaming sector. Major banks have cautioned customers about the legal risks tied to illegal gambling, hinting at fines and account freezes.

Cybersecurity and Crypto Challenges

BtcTurk, a Turkish crypto exchange, faced another cyberattack, with hackers transferring $48 million in cryptocurrency from hot wallets. Although cold storage reportedly remains secure, repeated breaches are raising concerns about user safety and the robustness of centralised exchanges.

Source: igamingceo Telegram