There is a point where regulatory silence stops looking cautious and starts looking evasive. The Tipwin, Betanna and Betanna90 material has reached that point. We now have account-continuity tests, German-access evidence, matching odds, OASIS observations and LUGAS-related shop tests. None of those items, standing alone, proves wrongdoing. Together they create a file that a serious regulator should be able to explain rather than leave hanging in the air....

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