Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • Francis Bacon and the Scientific Method
    • Proxy-Pointer RAG: Structure Meets Scale at 100% Accuracy with Smarter Retrieval
    • Sulfur lava exoplanet L 98-59 d defies classification
    • Hisense U7SG TV Review (2026): Better Design, Great Value
    • Google is in talks with Marvell Technology to develop a memory processing unit that works alongside TPUs, and a new TPU for running AI models (Qianer Liu/The Information)
    • Premier League Soccer: Stream Man City vs. Arsenal From Anywhere Live
    • Dreaming in Cubes | Towards Data Science
    • Onda tiny house flips layout to fit three bedrooms and two bathrooms
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Sunday, April 19
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Tabcorp hit with $158,400 penalty for taking illegal in-play sports bets
    News

    Tabcorp hit with $158,400 penalty for taking illegal in-play sports bets

    Editor Times FeaturedBy Editor Times FeaturedFebruary 12, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    The Australian Communications and Media Authority (ACMA) announced Tabcorp Holdings Restricted has been slapped with a $158,400 penalty for taking on-line in-play sports activities bets, that are unlawful within the nation.

    The regulators say an investigation discovered the corporate accepted 426 in-play bets throughout 32 tennis matches between February 2024 and June 2025.

    Tabcorp has paid a $158,400 penalty for taking on-line in-play sports activities bets, which is illegitimate in Australia.

    Learn extra: https://t.co/u48Pr8jIuj pic.twitter.com/2MOxQqur1r

    — ACMA (@acmadotgov) February 12, 2026

    Nonetheless, they spotlight that on-line in-play betting, the place wagers are made on a sporting occasion after it has commenced, isn’t allowed in Australia underneath the Interactive Playing Act 2001.

    The in-play sports activities bets that had been allegedly discovered within the investigation had been described to have been accepted in breach of the IGA and had been voided by Tabcorp and the bets refunded.

    The breaches are additionally stated to have occurred attributable to methods and communication points with its third-party supplier. The company was previously fined over AUD 4 million ($2.6 million) after the ACMA discovered it broke nationwide spam legal guidelines by sending hundreds of selling messages to its VIP prospects with out following the foundations.

    Tabcorp allegedly accepts in-play sports activities bets attributable to methods and comms points

    Whereas the ACMA accepts the proof from Tabcorp in regards to the breaches, ACMA member Carolyn Lidgerwood says that is the third time since 2021 that the corporate has breached the in-play betting guidelines.

    “The regulation is obvious and wagering providers should have processes in place to forestall unlawful in-play bets from being accepted,” Ms Lidgerwood stated.

    “Whereas we perceive that the majority wagering operators depend on third-party suppliers to shut betting on sporting occasions, they can not outsource their authorized duties.

    “The size of time it took Tabcorp to establish after which repair the issue was regarding and we count on Tabcorp to do higher sooner or later,” Ms Lidgerwood stated.

    In addition to the monetary penalty, the corporate has additionally needed to enter right into a complete enforceable enterprise which requires the corporate to run a evaluate of its methods and processes regarding the closing of betting on tennis matches and to report regularly to the ACMA.

    The regulators have warned that any additional non-compliance by the corporate might end in proceedings by means of the federal court docket.

    Featured picture: Canva

    The submit Tabcorp hit with $158,400 penalty for taking illegal in-play sports bets appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Google is in talks with Marvell Technology to develop a memory processing unit that works alongside TPUs, and a new TPU for running AI models (Qianer Liu/The Information)

    April 19, 2026

    At the Beijing half-marathon, several humanoid robots beat human winners by 10+ minutes; a robot made by Honor beat the human world record held by Jacob Kiplimo (Reuters)

    April 19, 2026

    A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)

    April 19, 2026

    Binance and Bitget to probe a rally in RaveDAO’s RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)

    April 19, 2026

    Mistral, which once aimed for top open models, now leans on being an alternative to Chinese and US labs, says it’s on track for $80M in monthly revenue by Dec. (Iain Martin/Forbes)

    April 19, 2026

    Airbnb launches a pilot in NYC, LA, and other cities that lets users to select from a range of boutique hotels alongside private homes in a bid to boost growth (Stephanie Stacey/Financial Times)

    April 19, 2026

    Comments are closed.

    Editors Picks

    Francis Bacon and the Scientific Method

    April 19, 2026

    Proxy-Pointer RAG: Structure Meets Scale at 100% Accuracy with Smarter Retrieval

    April 19, 2026

    Sulfur lava exoplanet L 98-59 d defies classification

    April 19, 2026

    Hisense U7SG TV Review (2026): Better Design, Great Value

    April 19, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    Natalia Shahmetova, CEO of Woofz joins as speaker at the EU-Startups Summit 2026!

    October 3, 2025

    Microsoft 365 Copilot Adds Two Anthropic AI Models, Giving Users a Choice

    September 25, 2025

    Virtual Power Plants Face New Grid Test

    December 16, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.