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#gambling

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We lose $32b a year to online gambling. A new bill might help reduce it
By Alan Kohler

About $32 billion a year is now lost by people betting online, mostly by those who can't afford it. A bill that would force online betting outfits to display to each client what they're losing, and what they've lost, each time they log on is hoped to change that.

abc.net.au/news/2025-03-03/bil

ABC News · Bill cracking down on online gambling could make losses seem more realBy Alan Kohler

This Daniel Cheng is a scourge to good society!

Thais effectively barred fr entering casinos in new draft #regulation 👏
"Daniel Cheng, a #gaming #consultant based in Singapore🤦‍♂️ "A further THB50mil bank deposit requirement wld render #Thai casinos no better than foreigner-only regimes like S. Korea" he said.. an #opinion #poll last mth found tt most Thais #oppose the #casino #plan & some political parties argue tt build'g a #gambling industry wld worsen #social #problems"
bangkokpost.com/thailand/gener

Bangkok Post · Thais effectively barred from entering casinos in new draft regulation  By Reuters

Only well-regulated capitalism can work, so its disappointing (although hardly surprising) to find another regulator (this time the Gambling Commission) being much too cosy & accommodating to the sector it regulates; secret accommodations with the sector is the classic symptom of regulatory capture.

For a regulated capitalism to work, the regulators need to be sceptical & tough on those they regulate, but the UK pretty commonly fails this test!

#regulation #gambling

theguardian.com/society/2025/f

The Guardian · Betting giants spared regulatory action after secret deals with watchdogBy Jon Ungoed-Thomas

‘Gambling companies are covertly tracking visitors to their websites and sending their data to Facebook’s parent company without consent in an apparent breach of data protection laws.

The information is then being used by Facebook’s owner, Meta, to profile people as gamblers and flood them with ads for casinos and betting sites’ theguardian.com/society/2025/f #privacy #gdpr #law #surveillance #tech #advertising #gambling

The Guardian · Revealed: gambling firms secretly sharing users’ data with Facebook without permissionBy Jon Ungoed-Thomas