Taiwan Police Bust $300 Million World Cup Betting Ring

Taiwan police have successfully busted an illegal online betting ring linked to the World Cup, seizing approximately $300 million. The operation took place in Tainan, where authorities raided a house on Wednesday, arresting eight individuals.

The Tainan City Police Department's fourth precinct reported that the suspects were allegedly involved in a betting operation that raked in nearly NT$10 billion (approximately $313 million) on World Cup matches. During the raid, police confiscated computers, mobile phones, ledgers, and cash.

It was noted that five of the eight arrested individuals had traveled to Hong Kong and Macau using tourist visas to facilitate their betting activities. The police had rented five storied houses during the tournament period to operate this illegal betting outfit.