• A Broken System

  • Sep 29 2021
  • Length: 36 mins
  • Podcast

A Broken System

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  • Summary

  • By 2018, Sportpesa was raking in billions of shillings. In just four years, the startup had figured out the Kenyan market. By this time, other betting companies were mushrooming all over Kenya, playing catch up. There was money to be made, the market was open, too liberal without restrictions, legal or otherwise. The Bulgarians were at the center of it all. They became extremely wealthy and they were celebrities in some social circles. They were the Mr Money bags, and they attracted so much attention, with everything they did. Authorities who are supposed to oversee the critical betting industry in the country, were kind of in it. In this episode, A Country of Gamblers explores the broken gambling market in Kenya and delves deeper into the murky world of money laundering, tax evasion and profit shifting. It also reveals just why it is easy to get away with almost anything in this sector.
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