What’s going on in Australia? There may be a credit card ban on wagering affecting online sports betting transactions.
A public consultation by the country’s bankers (the Australian Banking Association) will determine the outcome. The community’s views will count in the decision.
Macquarie among other association members have already started the ban, which includes lottery purchases.
Initiatives are underway to minimize gambling harms. Problem gambling is a perennial concern worldwide.
The evils of credit cards
In a sense, banking products like credit cards fuel gambling addiction. Thus, the government has prohibited their use in casinos and for video poker in pubs and clubs.
Wagering in Australia is growing by leaps and bounds, with double the reported activities over seven years.
This has prompted the bankers to look into the risks of credit card gambling and the need for control and restrictions. The empirical evidence gathered will be vital.
Other countries have been involved in such probes. Take the UK Gambling Commission and the Tory party’s general election manifesto on reviewing the 2005 Gambling Act to tackle credit card misuse.
Back to Australia. The parliament has approved the country’s first national self-exclusion register. It will form part of the new National Consumer Protection Framework.
Bet365 also makes news
In all the furor over credit cards, there is other local news. Online betting giant Bet365 is falling prey to the media due to a disgruntled former employee.
James Poppleton worked for 18 months as a customer account supervisor for the company. He claims Bet365 does not play fair.
He has made allegations about its algorithms that limit wagers for certain bettors and boost them for losers.
Insider Poppleton called Bet365’s tactics “the opposite of responsible gambling.” It also delayed in-play wagers over the phone by 1-3 seconds.
Thus, Bet365 could watch a sharp bettor playing against their trading team.
What does the operator have to say for itself? It
“has never used any form of delay” in its Australian telephone in-play service and its phone system “does not have any such functionality.”
No one knows for sure, but it is acknowledged that Poppleton did not have a positive relationship at work.
Meanwhile the Northern Territory Racing Commission (NTRC), the licensing body for most Aussie online betting operators, is examining the matter.