|The Australian Federal Government have made their decision regarding online gambling- there will be no further amendments to the Interactive Gambling Act. Communications Minister Daryl Williams made the announcement that the government would be neither regulating or restricting access to online betting exchanges.|
Williams cited several reasons for the government decision, revealed in the statement he made to the press: “ the report…found no compelling evidence to suggest that betting exchanges were likely to contribute to an increase in the level of problem gambling…The review noted the potential for enhanced consumer protection measures to be introduced in an online gambling environment…The Government’s view is that this is best done through existing state and territory licensing arrangements. I call on the states and territories to recognise their responsibilities and investigate opportunities to strengthen their licensing regimes across all wagering services”.
This federal decision has been made, despite intense lobbying by Australian bookmakers, members of the racing industry and state gaming boards calling for the restriction of such exchanges. Such lobbying led to an investigation into the effects of online betting exchanges on Australia’s population, gambling industry’s revenues and the integrity of the sports being bet on themselves. The result of that investigation is now that no change to legislation will be made at all.