Curaçao regulator faces questions over Tether.bet licence
The Curaçao Gaming Authority (CGA) has defended its licensing procedures amid allegations that online gambling operator Tether.bet obtained its licence using a potentially falsified financial document.
An investigation by Democracy for Sale found discrepancies in documents submitted by Tether.bet owner Hon Kong Yong, a Malaysian accountant linked to Reform UK donor George Cottrell.
Yong reportedly submitted evidence of a £3.75 million London property sale to demonstrate his financial capacity to operate the business.
However, UK Land Registry records identified different sellers, who said they had never heard of Yong.
The regulator previously defended its licensing assessments, arguing that individual documents should be considered within an applicant’s complete compliance file. It has not publicly addressed the specific Tether.bet allegations.
Tether.bet, which has since closed, previously faced questions over allegedly accepting UK customers without a British gambling licence.
Cottrell denies any involvement in the company’s ownership or management.
Curacao Gaming Authority has become a major gambling hub with their operators largely left to their own devices, including many targeting offshore markets where the laws prohibit online casinos and betting sites.
