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International Business Times UK
International Business Times UK
Ma. Kyla Morco

Stolen Debit Cards Were Turned Into Betting Money—Then Came the Fight Over Where the Cash Goes

Payment processors can flag suspicious deposits before funds move deeper into the financial system. (Credit: AI-Generated Image/ChatGPT)

Stolen debit cards were allegedly used to fund bets on Polymarket US, as fraudsters attempted to move at least $10 million (£7.6 million) through the platform in February 2026.

The alleged scheme went beyond ordinary unauthorised card purchases. The funds were reportedly used to place bets before the perpetrators tried to withdraw money to other cards and accounts they controlled.

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