The regulator for almost all sports betting companies in Australia has admitted that fines worth tens of thousands of dollars for serious misconduct have little impact on a booming industry now worth almost $50bn a year.
The Northern Territory Racing Commission (NTRC) has also told a parliamentary inquiry that Newscorp-backed wagering platform, Betr, has been “seriously put on notice” about its licence being cancelled should it again breach harm-minimisation policies.
