Australia Hunts the Non-Existent Bookies

Australia’s media regulator is now arming itself to the teeth, launching investigations over several alleged gambling websites that may have been using Australian web addresses to squeeze out cash of gullible clientele.

Sailing in Uncharted Territories

News has surfaced that a number of offshore sites have been tapping into Australian internet to make sure they get a leg-up for running their gambling operations. According to the sources cited, the addresses were based in the Cocos Islands, which is an outlying Australian territory located in the Indian Ocean.

The snag is not so much that users have been using the addresses to satisfy their thirst for gambling, but the plain fact that the operators involved may have been using a complicated network of payments to avoid surfacing on the regulator’s radar but also to save themselves trouble should they come to a feud with customers.

The Betting is At Full Blast

Punters or gamers have been quite beyond themselves to wager on events such as the Super Netball, basketball and soccer, among other events. A number of the websites now under investigation have also used Bitcoin to facilitate payments and to generally allow everyone involved to stay unnoticed for a long time. Bitcoin is also one of the most reliable cryptocurrencies for online gambling since almost the very start of the activity itself.

However, the snag is that these websites have not actually been located on the said islands, but instead, they have operations in Eastern Europe, the Caribbean, and elsewhere. If you are still wondering why this is a problem, then a simple answer is due – people have been submitting their information quite willingly to fraudulent third parties.

The Australian Communications and Media Authority (ACMA) has been in a hot pursuit, although from a legal standpoint. According to ACMA, the priority right now is to determine whether these websites have breached the reigning piece of legislation, the Interactive Gambling ct (IGA).

All gambling websites that have not obtained Australian Licenses may not ploy their craft. However, such licenses invite a lot of unwanted scrutinies, which the .cc websites have been in all likelihood trying to avoid, as indicated by their use of Bitcoin as the most reliable way to cover anyone’s tracks.

A Bit of a Trend, Really

The use of offshore and far-flung locations to kickstart betting operations has not been a fad. People who want to run such gambling operations don’t intend to be in the game for the long haul, making it painfully obvious that they are in all likelihood looking for a quick monetary markup, and then disappearing into the thin air they came from.

The lack of regulation in the sector also helps, as Australia is a place where operators and bookies struggle to be licensed. This is, however, quite understandable, as the country’s problem gamblers are increasing, which is most definitely a worrying metric.

Even then, the relative obscurity of regulating the sector is quite frightful given the facts. Without proper insight and without an incentive to bring more offshore bookies into the mainstream, the proliferation of rogue bookmakers is very much likely to continue unabated.

Leave a Reply

Your email address will not be published. Required fields are marked *