Dramatic Investigation: The Gambling Network That Became an Arm of the Revolutionary Guards
A Reuters investigation reveals a huge illegal gambling network operated by Iran's Revolutionary Guards • The network laundered at least $4 billion through an unauthorized crypto exchange in Dubai • The funds were used to…
Assessment
The scale of this operation, laundering at least $4 billion through Dubai, shows the Revolutionary Guards have built a sophisticated financial infrastructure independent of formal banking. The direct link to Tehran's central bank suggests state-level coordination, not merely rogue militia activity. Watch for whether the UAE regulators act against the Dubai exchange or if this investigation triggers new sanctions.