Section
Guides, scams to avoid and where to get help.
ASIC's Moneysmart website has published a notice warning Australians that prediction markets are not licensed in Australia and that traders are more likely to lose money than make it. The notice points to the all-or-nothing structure of most event contracts and the lack of local consumer protections.
3d ago
Former Canberra Raiders forward Luke Bateman told a Senate committee hearing on 3 August that betting firms flew him interstate and offered him alcohol, drugs and bonus bets while he was addicted to gambling. He did not name the companies, and the source reports no response from any operator. The hearing coincides with debate over the Albanese government's proposed limits on gambling advertising.
3d ago
The NSW Independent Casino Commission has fined Crown Sydney A$1.75 million and The Star Sydney A$500,000 after a 16-year-old boy entered and gambled at both venues. According to the regulator, the teenager got in on at least 19 occasions at Crown Sydney, reportedly using fake identification, and also reached Silver Tier in the Crown Rewards program.
3d ago
