The Financial Supervisory Authority identified 17 illegal lotteries on Instagram

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- The Financial Market Regulation and Supervision Service under the Ministry of Economy and Commerce is actively conducting activities aimed at identifying and stopping illegal lottery schemes that proliferate online. This was reported by the press service of the agency.

According to information provided by the service, some online raffles may mislead citizens by offering enticing prizes such as cars, cash winnings, and other valuable gifts, despite the lack of necessary permits.

During monitoring, the Financial Supervision Service discovered a number of Instagram accounts conducting illegal raffles, where participants were offered to purchase goods or services to take part:


The Financial Supervision Service emphasizes that the mentioned pages do not have a license to conduct lottery activities, and their actions exhibit signs of illegal raffles.
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