Is Betfair Australia a licensed bookmaker, or a betting exchange? Obviously it is primarily a betting exchange, but did it have to use sub companies to create the illusion of a bookmaker site to become legal?
I remember reading something about it, but not sure if it is true, or if it is still the case?
Either way, the question would then become, if it is a betting exchange, is it therefore an interactive gambling site still? Obviously the main purpose of the site is gambling, but if it merely matches bets on behalf of other people, then could it not get around the interactive gambling act and offer live betting on sports?
Apparantly, Betfairs stance on live trading from Australia has become very lax since its introduction of in play horse racing, as I know of a few people betting live through various means, whereas before, they would be immediately cut off? If they are not going to cut you off, then is it their opinion that it is basically legal, or not enforcable?
I remember reading something about it, but not sure if it is true, or if it is still the case?
Either way, the question would then become, if it is a betting exchange, is it therefore an interactive gambling site still? Obviously the main purpose of the site is gambling, but if it merely matches bets on behalf of other people, then could it not get around the interactive gambling act and offer live betting on sports?
Apparantly, Betfairs stance on live trading from Australia has become very lax since its introduction of in play horse racing, as I know of a few people betting live through various means, whereas before, they would be immediately cut off? If they are not going to cut you off, then is it their opinion that it is basically legal, or not enforcable?
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