Weekly News Roundup 3-24-17

February 2021 Safest Betting Sites

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Australian Crackdowns on Internet Gambling

This past week, the Australian Senate has given its approval to several amendments that will change the country’s online gambling laws. Online sports betting is legal in Australia, but live betting or in-play betting, along with online poker and casino gambling, has operated in the country in a legal gray area.

Many bookmakers operating allowed players to place in-play wagers over the phone, using a legal loophole. Many operators are expected to leave the country when these changes are put into law.

Internet poker will also be outlawed. Live poker and casino gambling are legal in Australia, but now bettors will have a harder time doing it online. It will likely drive them to sites that are unlicensed or underground.

Australia’s crackdown on iGaming is a strange move, especially when you consider other countries are moving towards legalization and regulation, rather than outlawing the activity.

Billy Walters Trial

Perhaps the most famous and most successful sports bettor of all time, Billy Walters, is currently fighting for his freedom in an insider trading case. Walters tried to get the case dismissed back in March alleging government misconduct when information in the case was leaked to the media.

The trial began this week, and Walters is already on the defensive, with the former chairman of Dean Foods, Tom Davis, stating that he gave Walters stock advice in exchange for sports betting picks. Davis was granted immunity in the case but has a checkered past which Walters’ defense team attacked in court.

Joseph Falchetti

Joseph Falchetti - Editor-in-Chief / Sports Writer & Analyst

Joe is the author of the blog, most picks, and the majority of excellent content on SafestBettingSites. He's been mentioned on Forbes.com as a gaming analyst and his articles have been linked by larger publications, such as the New York Times.

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