Sports betting: call to ban unsolicited credit offers as problem gambling rises

‘If this is the future of gambling, it is indeed frightening,’ says peak body for financial counsellors, concerned at tactics used to draw in punters

Sports betting agencies should be “urgently” banned from extending credit to punters, a new report has recommended, amid signs of a surge in gamblers seeking help for excessive online betting.

Inducements, unsolicited credit, tactically withholding payouts, and possible breaches of the Privacy Act are some of the alleged methods employed by sports betting agencies in a largely “uncontrolled” industry, according to the report by Financial Counselling Australia (FCA).

Continue reading…
(c) Gambling | The Guardian – Read entire story here.

Please like & share: