Chinese police uncover $3b in illegal World Cup gambling

    Chinese authorities have uncovered a series of illegal gambling rings linked to the World Cup, involving almost $3 billion, Chinese media reported. The number is thought to be a tiny fraction of the actual amount bet on the tournament, which has caused a spike in illegal sports betting across Asia. A total of 108 people were arrested in the raids on an unspecified number of betting rings. 
    Meanwhile, a separate report said sales for the country’s official sports lottery betting on the World Cup are expected to exceed $2.43 billion, which is 10 percent more than the last competition in South Africa in 2010.
    Sales on the opening day alone were more than $24.2 million, it said, adding 70 percent of bets were placed online.