A Romanian mathematician achieved the impossible: beating the lottery. Far from relying on luck, Stefan Mandel viewed the lottery as a rational problem to be solved.
This case has been the subject of much discussion within the Australian police force for months. A former New South Wales (NSW) officer is accused of selling over $1 million worth of family gold to fund an uncontrollable gambling addiction.
Betfair has just been fined more than AUD 870,000 (~£490,000) for sending promotional messages to its VIP customers without their explicit consent.
It’s a decision that has the Australian online gambling industry reeling. Tabcorp, one of the country’s largest betting operators, has just been hit with a colossal fine of more than AUD 4 million. The culprit: sending out massive marketing messages to its VIP customers without respecting the most basic rules on consent and unsubscribing.
Online betting provider PointsBet Australia Pty Ltd has been fined AU$500,800 (approximately €285,000) for breaching Australia’s spam and self-exclusion laws.
Gambling addiction among teenagers in Australia is reaching worrying levels, with almost 20% of young people taking part in gambling, often online. This phenomenon is exacerbated by easy access to gambling platforms and a lack of awareness of the risks. Consequences include mental disorders and financial problems.
