Korea Racing Authority Expands Reward for Reporting Illegal Gambling

*This content was translated by AI.

The Korea Racing Authority will operate a 'Concentrated Reporting Period for Illegal Horse Racing' from August 1 to October 31, lasting three months, to prevent national damage caused by illegal horse racing and foster a healthy horse racing culture.

Illegal horse racing sites lure users with high odds, membership benefits, and loss compensation guarantees. However, these illegal sites lack institutional mechanisms to protect users or guarantee the normal payout of winnings.

In fact, when large jackpots are won, so-called 'eating and running' incidents may occur where users' IP addresses are blocked, member accounts are deleted, and refunds are unilaterally refused. If a site suddenly shuts down or personal information and bank account details are misused for other crimes, it becomes difficult to obtain relief from the damage.

Illegal horse racing is not a crime punishable only against operators. Users who place bets on illegal sites may also face imprisonment of up to five years or fines of up to 50 million won under the Korea Racing Authority Act.

The Korea Racing Authority pays reporting rewards to citizens who report illegal horse racing sites in accordance with relevant regulations.

Reporting rewards are 100,000 won per Gyeongju-type site, 30,000 won per integrated-type site (100,000 won during the concentrated reporting period), and 10,000 won per subdomain site. During this concentrated reporting period, the reward for reporting integrated-type sites will be temporarily expanded from 30,000 won to 100,000 won per case.

Reports on illegal horse racing can be made through the 'Illegal Horse Racing Reporting Center' on the Korea Racing Authority website (kra.co.kr). Reports are accepted year-round, and the concentrated reporting period runs from August 1 to October 31.

A Korea Racing Authority official who spoke with this newspaper by phone stated, "To root out illegal horse racing, active reporting by citizens is of utmost importance."

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*This content was translated by AI.