XcelMobility Inc (XCLL)

[SPM555]

http://www.bloomberg.com/view/articles/2016-07-12/china-should-let-soccer-fans-gamble

Gamblers should also be able to place bets online. Last year, the government banned doing so due to fraud in several internet lotteries. In the absence of legal options, and in search of convenience and anonymity, Chinese punters have gone digitally underground and formed thousands of illegal groups where they make (theoretically) untraceable bets. In recent weeks, WeChat, China's most popular social media service, has restricted more than 8,000 groups suspected of gambling, and placed limits on online payment systems to control wagers.

That's a losing battle. Better that the government legalize the whole enterprise and keep a watchful eye on it. That won't erase all doubts about the integrity of Chinese soccer. But a commitment to go beyond periodically purging bad actors, and to sensibly regulate the source of the problem, would alleviate the worst concerns. As China continues its push to become a soccer superpower, that's a goal that everyone in the game should want to score.