Endorsed by Gambling911

Firm Raided as Part of Illegal Binary Option Biz Founded by Suspect in Match Fixing Case

Written by:

Guest

Published on:

Jul/02/2016

One of the companies tied to an illegal Romanian binary options ring, YouTradeFX, is related to the Israeli company USG Capital, the Times of Israel reported on Saturday.

USG Capital was founded by prominent Israeli entrepreneur Itamar Patishi and later sold to Tomer Sinai, who once owned the Hapoel Petah Tikva soccer team and was arrested in 2011 for his suspected role in a scandal involving the alleged rigging of soccer games for purposes of illegal gambling.

The money trail from the recent raids spread across Romania, Cyprus, Bulgaria and Israel.

Patishi denies any involvement in binary options sector for at least the past two years.

Binary options firms in Israel have now been banned by that nation’s Securities Authority from targeting Israelis, but are still free to target people abroad.

- Aaron Goldstein, Gambling911.com

Gambling News

Did DraftKings Register Then Swifty De-Register 'DraftKings Prediction' With National Futures Association?

Could DraftKings be looking to take on Kalshi?..... Then got cold feet?

Gambling With Cryptocurrencies in California

You can gamble with any number of cryptocurrencies from the state of California. Just understand there could be tax implications.

Top Betting Markets - April 17, 2025

MLB games were getting underway early on Thursday with no game seeing early action out of sequence (i.e. a late game having more betting volume than most of the games played before it).

Blackjack in the Digital Age: Entertainment, Regulation, and the Role of Luck

In the ever-evolving world of online gambling, blackjack remains one of the most iconic and widely recognized casino games. Known for its fast pace and simple rules, blackjack has transitioned seamlessly into the digital environment; bringing the thrill of the game to players around the world at the tap of a screen.

How crypto and iGaming formed a strong partnership

The cryptocurrency and iGaming markets have formed a strong bond, integrating seamlessly. In fact, it could be argued that there is an exceptionally strong partnership between them.