From legal clashes to extraordinary in-play swings, Betfair’s 20-year Australian journey has been anything but straightforward, with the exchange surviving attempts to constrain its model and reshape wagering.
High-frequency betting on racing remains one of the major compliance and responsible gambling concerns of Australia’s corporate bookmakers, with the issue put on the agenda at a recent industry conference.
Three punters who placed successful same-game multi bets at inflated odds on a National Rugby League game last year have had their bid to get their original payout back rejected by a gambling regulator.
Forced into a likely move overseas by the latest changes to gambling laws, social media influencer Ben Scarf doesn’t want sympathy. But he does hold concerns about how the landmark shift will impact the Australian wagering industry.
Tabcorp’s national tote will be known as One Pool as the company pencils in an October launch date for its long-awaited merged parimutuel product.
Tabcorp’s actions on ‘higher-risk’ customers have resulted in more banning notices being issued, with a swathe of punters recently notified they could no longer transact with the betting company.
BetMakers says a renewed focus on technology, automation and cost control paid off in FY26, with the wagering technology group reporting stronger revenue and a more than threefold increase in underlying earnings as it heads towards a proposed takeover by Tabcorp.
In this month's Waterhouse VC newsletter, from ice-cream shops to sports bars, businesses are beginning to use prediction markets to offset revenue risks, opening the door to a new generation of risk-management platforms.
Betr has launched a same-game multi innovation inspired by a company hackathon as it remains on target to hit its EBITDA guidance of between $13 million and $19 million in the current financial year.
The national tote launch is weeks away, with Tabcorp awaiting final sign-off from the NSW regulator for the initiative, which it believes can halt the five-year decline in racing turnover.
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