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How is wagering regulated?

April 26, 2017regulated wagering

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How is wagering regulated?

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The IGA intends to balance the impact of online wagering, against the impact of a ban on long established industries in Australia, such as the thoroughbred racing industry. This balance is sought by prohibiting ‘ball by ball’ betting-or wagering on any aspect of a sporting event after it has commenced. ‘Betting on the run’ is also prohibited because it involves betting on a sporting event after it has commenced. These types of betting are the most harmful form of online wagering. Other forms of online wagering are not prohibited by the legislation. Online wagering on non-sporting events is not prohibited by the IGA. See discussion and examples relating to section 8A of the IGA in the explanatory memorandum (PDF, 205.5 KB).