Sports betting: fraud pinpoints four “tipster” sites giving advice in exchange for a paid subscription

by time news

2023-11-02 14:48:07

They highlighted their luxurious lifestyle by making it appear that their income came from sports betting. The Fraud Repression Agency (DGCCRF) announced this Thursday that it had identified four sports betting advice sites for false “tips”, warning against the practices of these “tipsters” who have spread in recent years on the Internet.

The General Directorate for Competition, Consumer Affairs and Fraud Control had monitored in 2021 and 2022, in conjunction with the National Gaming Authority, the practices of sites offering online sports betting advice.

According to its investigation, to lure players, “tipsters” displayed on sites or on social networks “a luxurious lifestyle allegedly achieved thanks to their winning bets, when it is in reality obtained thanks to the money collected through subscriptions.

“By falsely suggesting an increase in winnings thanks to their advice, they deceive consumers,” underlines the DGCCRF in a press release which warns players about these practices. “Out of 11 companies inspected, four of them were in violation for having claimed that a product or service increased the chances of winning in games of chance, or due to breaches of pre-contractual information provided to consumers” , indicates the DGCCRF.

“Special vigilance” during the Olympics

These “tipster” sites have multiplied in recent years, particularly since the health crisis of 2020, a year which constituted “a turning point for online gambling and gambling”, recalls the Repression of Fraud.

Fraud Repression, dependent on the Ministry of the Economy, specifies that it has transmitted the files of these four companies to the courts. “Some websites also became compliant during the investigations and others stopped working,” adds the DGCCRF.

Fraud Repression ensures that “particular vigilance will be maintained” during upcoming global sporting events, including the Olympic and Paralympic Games in Paris in 2024.

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