Online gambling on black-market betting sites is big business. One company, Soft2Bet, which has been licensed in Ireland since 2022, and its related entities received €600 million from dozens of offshore casinos that regulators in Europe had blacklisted or fined.

For gamblers using some of these sites, it means few rules apply. Unauthorised betting sites deliberately target people with gambling addictions and ignore local gambling regulations, including age limits to protect young people.

While working on an investigation with cross-border journalism group Investigate Europe, Irish Times investigative reporter with The Irish Times, Mark Tighe discovered that Irish authorities granted gambling licences to six companies at the heart of this global network of black-market betting and casino websites.

One of the scheme’s newest websites, OnlySpins, a bookmaker and casino with pornographic content targeting Europeans, does not verify whether Irish users are over the age of 18 or provide checks on a customer’s identity.

He also discovered that two Irish companies were processing payments for Soft2Bet-linked unlicensed gambling sites operating in Europe.

Soft2Bet is led by Ukrainian-Israeli millionaire Uri Poliavich.

He joins In the News to explain how this investigation unfolded, what the activities of black market sites mean for vulnerable users and what the Irish authorities had to say.

Presented by Bernice Harrison. Produced by Suzanne Brennan and John Casey.

Hosted on Acast. See acast.com/privacy for more information.