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The money goes to illegal operators who do not contribute back to Australia’s horse racing industry unlike regulated businesses. The new rules are set to come into effect from August 1, 2018. They will apply to racing horse owners and trainers. Participants in the nation’s horse racing industry could thus have their electronic devices seized for forensic image if they are suspected to be wagering with non-licensed operators. Racing Victoria, the regulatory body responsible for the racing industry of the state of Victoria, has previously implemented a similar rule to prevent participants from engaging into illegal operations. Racing Australia will now expand that rule so that it applies to all racing authorities in Australia. Local regulators, including Racing New South Wales, have said they welcome the new approach to illegal betting as the growing betting market poses a great threat to Australia’s horse racing industry. News about Racing Australia implementing new rules against illegal operations come shortly after a rollout of announcements from various Australian states and territories that they would implement a point of consumption tax on regulated betting operations. Most recently, New South Wales confirmed that it would be taxing licensed operators at 10% on their revenue from the state. The new tax would be implemented from January 1, 2019. Queensland has, too, recently announced that a new taxation regime on betting would take effect on October 1, 2018.
For the original version including any supplementary images or video, visit http://www.casinonewsdaily.com/2018/07/22/australian-racing-rolls-out-new-rules-to-combat-illegal-online-gambling/
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But as players in areas where gambling has been newly legalized sign up with various gambling platforms, they expect to be able to bet right away, without having to go through a lengthy or friction-filled account authentication process. In the July Digital Identity Tracker™ , PYMNTS explores updates from around the security space, including the latest news surrounding online gambling authentication. Why 888 Is Betting on Automated Authentication With the gambling industry rapidly growing, the need for efficient and effective authentication and security is becoming even more crucial. But with players’ need for speed, gambling platforms cannot afford to slow down customers in the process as they register, deposit funds, place wagers or withdraw winnings. That’s pushing companies like casino site 888.com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management. “If there are more hurdles that we put in their way or more things that might prevent them or delay them from playing, it creates a drop off,” he said. “So it needs to be an immediate thing, and that’s where we need to be able to get people to go through our processes as quickly as we can behind the scenes, with minimal intrusion.” Medley shares his thoughts on the current and future state of the online gambling space, in this month’s Digital Identity feature story.
For the original version including any supplementary images or video, visit https://www.pymnts.com/news/security-and-risk/2018/online-gambling-authentication-security-digital-identification/