Bookmaker Sportsbet said it had received a A$750,000 ($673,000) bet on the opposition Liberal/National coalition to win next month’s federal election, which it called the largest political bet in Australian history. The bookmaker said it had begun paying out bets this week after declaring the election over given the long odds the government faced. The agency priced the opposition’s chances at A$1.03 on a A$1 bet and the ruling Labor Party at A$11.50.
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Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.