The prospects of an acquisition deal between Tabcorp and wagering technology firm BetMakers have evaporated less than 24 hours since reports circulated that the wagering giant was considering making a takeover bid.
Tabcorp allowed Australian punters to bet online in-play on 32 tennis matches over a 16-month period, with the wagering company blaming a third-party provider for the breach of gambling laws, which cost it a $158,400 fine.
With Kalshi facilitating over US$1 billion of trading volume on Monday’s Super Bowl and rival Polymarket also reporting a massive surge in trade, America’s latest betting revolution has gathered further steam, but there are a host of burning questions around prediction markets.
ASX-listed BetMakers has entered a trading halt pending an announcement, with the technology company linked to a possible acquisition by Tabcorp.
Japan isn’t alone in confronting the challenge of billions of dollars moving offshore through global black market sports betting platforms, but its determination to keep broad sports betting illegal in the country makes it an even harder task, writes Bren O’Brien.
Japanese company MIXI’s investment in publicly listed Australian bookmaker PointsBet has enabled it to supercharge the contribution of the betting side of its business.
The arrest of WA-based entrepreneur Laurence Escalante, one of the world’s most successful gambling technology figures, has prompted him to step down as chief executive and executive chairman of Virtual Gaming Worlds.
Betr’s ambitious path to growth hit a $7 million speed bump during the spring carnival, but CEO Andrew Menz insists the company’s turnover is growing at four times the industry average and it will continue to take market share in 2026.
The Australian Communications and Media Authority has found that six wagering operators, including industry heavyweight Tabcorp, failed to comply with the rules that govern the national self-exclusion register in 2024.
New Zealand and Australian punters bet in record numbers on the Karaka Millions meeting at Ellerslie, while the global World Pool also helped uplift wagering turnover significantly.
