As regulators begin to look at ways to curb the proliferation of online sports betting, New South Wales (NSW) has banned the advertisement of live odds during sporting broadcasts.
An announcement by the state’s deputy premier Troy Grant on Saturday makes the placement of in-play odds, such as those that update according to the scoreboard or offer individuals the opportunity to guess which team will score next, prohibited from being broadcasted in NSW next year. The risk of dangerous gambling is increased by live odds by encouraging impulse betting or chasing losses by bettors, according to Grant who is also the gaming and racing minister in NSW. According to The Guardian, Grant said, “There is no doubt the sports betting market is becoming increasingly competitive as …