Scathing, and perfectly accurate, article about the Sports Alive debacle from a former colleague Matt Fisk. The licensing authority's lame reaction to this has been nothing short of pathetic. The rest of Australia has built up rigid standards in the protection of punters, the monitoring of licensed persons and companies etc and the ACT has let Sports Alive go down the drain with, it is believed, over $1m of punters' funds. This isn't the first firm in the ACT to go down, but it is definitely the biggest. A proper regulatory body would have seen the writing on the wall and found the evidence they needed to suspend the betting licence. Rumours of a class action have been mooted. The ACT GRC really should be held accountable for this debacle - their stamp of approval was on the licence and they ballsed it up big time.... Punter Protection (or lack thereof) in the ACT As a member of the Australian fixed odds betting fraternity I have always been one to take pride in the wa...
A blog about betting, trading, sport and some of the dodgy elements within them. www.sportismadeforbetting.com.