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Betting craze leading to broken families in Kenya

11 May 2016, 22:51

Nairobi - Betting... Its only betting. Not quite it seems.

The craze that has engulfed the country is leading to strained relationships and at times broken families, a report on The Daily Nation states.

The report shows how much Kenyans have put their faith in sport betting sites in the hope for supposed quick riches.

Only to fail.

The report gives the example of Kennedy Kosgei from Eldoret, who borrowed KES 45,000 from Kenya Commercial Bank and placed all the stake on Spanish football club Real Madrid using two different accounts on online betting firm Sportpesa.

He was found hanging from a tree soon afterwards, after his beloved team lost to archrivals Atletico Madrid via a solitary goal.

Bloomberg reports that the craze in Kenya has left mobile money transfer service providers smiling all the way to the bank hanks to the increased number of transactions thanks to betting.

Safaricom, Kenya's biggest mobile service provider reported massive profits on its mobile money transfer platform M-Pesa thanks to the betting craze.

Politicians have also delved into the debate, calling it a national disaster and big problem among the youth.

- News24


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