Sportsbetting in Victoria, Australia Peter Cohen.

Slides:



Advertisements
Similar presentations
An Introduction to Franchising
Advertisements

The Benefits and Challenges of Implementation of Basel II in Europe José María Roldán | 27 Sept 2005.
RISKS TO THE INTEGRITY OF SPORT FROM BETTING CORRUPTION RESPONSIBLE GAMBLING DAY, FEBRUARY, 2009.
AUSTRALIAN CANOEING - MEMBERSHIP Why am I a member of Australian Canoeing?
Regulatory Administrative Institutions MPA 517 Lecture-2 1.
Captain John Baird & Coach Gary Ayres
November 2011 Rules Education Abilene Christian University.
Essentials Of Business Law Chapter 10 Legal Purpose Of Contracts McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
Alberto Ropero Carlos Valdivia Manuel Yáñez. Sports Sport plays an important part in Australian culture, assisted by a climate that favours outdoor activities.
Non for Profit Entities
The Responsible Gaming Day: Integrity and Sport on the 17th of February 2009, Brussels: Fight against match-fixing within UEFA Véron Mosengo-Omba.
OFFICE OF INSURANCE REGULATION CURRENT STATE OF DISCOUNT MEDICAL PLAN ORGANIZATIONS (DMPOs) IN FLORIDA FLORIDA OFFICE OF INSURANCE REGULATION.
MATCH-FIXING : THE PROBLEM European Sport Summit 2011, London, 20 October 2011 Pierre Cornu, UEFA Chief Counsel, Integrity and Regulatory Affairs.
Financial intelligence centre REPUBLIC OF SOUTH AFRICA Presentation to the Portfolio Committee on Trade and Industry on Online Gambling 2 March 2012 Presentation.
Source: Section 2 General Code of Conduct A n t i m o n e y l a u n d e r i n g ( A M L ) i s a t e r m m a i n l y u s e d i n t h e f i n a n c i a.
Together we are strong Friedrich Stickler Lottery Expo, 24 th october 2012, Miami.
Regulating Online Gaming Pre-Licensing Process Lotteries and Gaming Authority - Malta.
The Economics of Professional Sports What is the real score? Nicole Sexton.
Illegal Interactive Gambling The role the banking industry system can play in combating this challenge Presented by : Elijah Mazibuko.
Integrity & the fight against match-fixing Integrity & the fight against match-fixing European Sport Summit 2013 Major events: Major opportunities Thursday.
Southside United FC Proposed Management Roles. OVERVIEW To ensure the club committee is effective in its tasks of setting and implementing the clubs direction.
State Bank of Pakistan Various Departments
ADB Project TA 3696-PAK, Regulation for Corporate Governance 1 REGULATION FOR CORPORATE GOVERNANCE IN PAKISTAN CAPITAL MARKETS.
Kate Caithness OPERATIONS Open Meeting Sunday 6 th December 2009.
SAFETY ASPECTS OF PHYSICAL ACTIVITY – RISK ASSESSMENT AND PREVENTING INJURIES SAFETY ASPECTS OF PHYSICAL ACTIVITY – RISK ASSESSMENT AND PREVENTING INJURIES.
NFHSSanctioning  The IHSA sanction policy applies to interscholastic events in which the IHSA sponsors a state tournament series.  Events.
Four Wheel Drive Australia Risk Management Presentation.
EPAS activities Match-fixing Presented by Stanislas Frossard.
Sport In Australia By Thomas Morrissy, Robert Soh and Kayne Croft.
Section 9.1.
© Mark E. Damon - All Rights Reserved Round 1Round 2 Final Jeopardy.
1 Workshop on the Directive 96/61/EC concerning (IPPC) Integrated pollution prevention and control INFRA Public participation & access to environmental.
THE NEW SPANISH GAMBLING ACT Albert Agustinoy Guilayn.
International Legal Regulation of the Securities Market Regulation of the securities market is an ordering activity of all its participants and transactions.
Regulatory Institutions in Turkey. Regulatory Institutions Central Bank of Turkey Banking Supervision and Regulatory Institutions Capital Markets Board.
Firearms Controls in Australia Session III: Challenges, constraints and opportunities in national PoA implementation by States of the Pacific Brooke King,
Unit 8 Practical Team Sports Kevin Browne
Part 2: Negotiating the Transaction. The Deal Team –Should comprise at a minimum: Corporate Finance lead; M&A Legal lead; Commercial/Business Lead; Integration.
Responsible Gaming Day Brussels 17 th February 2009 Khalid Ali Secretary General European Sports Security Association.
FINANCIAL INTELLIGENCE CENTRE
Sportradar AG | P.O. Box 96 | CH-9524 Zuzwil | Switzerland |
Time off Sports.
What sports do you know?.
How are Sport and the law related? What responsibilities do everyone involved is sport have? 3.5- Sport and the Law.
PORT MELBOURNE FOOTBALL CLUB IN SEASON 2016 SPONSORSHIP PROPOSAL – GROUND NAMING RIGHTS.
PORT MELBOURNE FOOTBALL CLUB IN SEASON 2016 SPONSORSHIP PROPOSAL.
Chapter 9 Contract Considerations Contract Considerations C H A P T E R 9.
Consumer Credit Act 1974 Rebecca & Lee. What is it The Consumer Credit Act 1974 regulates consumer credit and consumer hire agreements for amounts up.
 Cooperation and information exchange amongst financial supervisors and regulators are essential for effective oversight in an integrated financial system.
Assessing Risk in Sport Legal and Regulatory factors.
Understanding the EU Timber Regulation Rachel Butler Advisor to European Timber Trade Federation.
Loteria Romana Case. Gambling regime in Romania  organization and operation of gambling is state monopoly;  gambling.
How to Bet Sports Online in the Australia. Sports Betting?  Sports betting is the activity of forecasting the sports result and placing the bet on outcomes.
1 RISK MANAGEMENT Presentation for the Sports Club Management Expo 17 th November, 2013 by Paul Horvath © SportsLawyer 2013.
How To Avoid Online Casino Scams. Kahnawake Licenses The Kahnawake Gaming Commission is based in the Mohawk territory of Kahnawake, Canada. It issues.
Making Sport Happen. Richard Barrington Chief Operating Officer.
Overview * Victorian Football League (AFL Victoria)
Regulations gambling Romania , through National Gambling is among the European countries with the best laws in the field of gambling online: Taxing several.
Chapter 6 Administration of the Corporations Act and Securities Industry Corporate Governance.
INTEGRITY PPROGRAMME Education Module.
Working title: “Match-fixing Education & Training Tool”
Illicit Financial Flows
by Paul Horvath © SportsLawyer 2013
IAGR 2018 Copenhagen ADVERTISING BAN Does that do the trick?
BVI Business Companies Act Workshop
Payment blocking – success or failure
IAGR 2018 Copenhagen Conference 18th of September 2018.
Starter Can you name any pieces of legislation that retail businesses need to abide by?
R051 – Contemporary issues in sport
Legal Aspects of Finance
Presentation transcript:

Sportsbetting in Victoria, Australia Peter Cohen

2014 IAGR - Philadelphia Victorians like to think Melbourne is the sporting capital of the world – Australian Open Tennis – Formula 1 Grand Prix – Moto GP – Olympic Games (1956) – Commonwealth Games (2006) – Home of Australian Football (AFL) – Spring Racing Carnival (including Melbourne Cup Day – a public holiday) – Boxing Day Test (cricket) Sport in Victoria

2014 IAGR - Philadelphia

Sportsbetting in Australia is a A$3.5 billion (US$3.1 billion) per annum market Has been legal and regulated since 1982 and allows betting on approved events by licensed providers Victoria recognised the threats to integrity and implemented a new regulatory scheme in 2007 Scheme includes – enhanced integrity measures to protect both betting and the sport – responsible gambling requirements – mechanism for the distribution of benefits Sportsbetting

2014 IAGR - Philadelphia Gaming regulator can approve a sport as suitable for betting but only if satisfied that – the sport has manageable integrity risks – the sporting event is administered by an organisation capable of enforcing rules to ensure integrity of the sport – betting would not be offensive or not be contrary to the public interest Regulator approves betting rules Regulator approves and monitors betting system Integrity measures

2014 IAGR - Philadelphia In Victoria, a sport can be approved as a “sports controlling body” if it satisfies regulator that it is the controlling body, has adequate integrity procedures and acts on integrity concerns Integrity procedures include: – Ban on players, club officials, referees, etc, from placing bets on that sport – Documented rules of games which clarify how results are determined (eg, what happens if the lights go out mid-match? Or if a player withdraws through injury during a game?) Sports empowered

2014 IAGR - Philadelphia Once approved as a “sports controlling body”, licensed betting operators can only take bets on that sport’s events with the sport’s approval Sports will grant approval to licensed betting operators who agree to integrity procedures – Such as exchange of information about suspicious betting transactions – Checks to see if sports’ players or officials have placed bets Sports can also require betting companies to pay a fee Sports benefits

2014 IAGR - Philadelphia Approved “sports controlling bodies” have ability to restrict betting on options they consider inappropriate – Such as which player will be carried off the ground on a stretcher first – Enforced through agreements with betting providers Regulator can also ban individual contingencies – But to date has not done so as there has been no need Betting controls

2014 IAGR - Philadelphia Yes Eliminates illegal sports betting* as there is no market for it Integrity of sport enhanced – Exchange of information has helped sports identify players and officials betting on their own sport – Suspicious events occurring in the sport itself investigated using betting data – Suspicious bets help sports monitor game play *Note: Apart from illegal online “in-the-run” betting banned by Federal legislation Does the scheme work?

2014 IAGR - Philadelphia Complimentary legislation in other Australian States Similar legislative schemes in other countries, particularly those with sophisticated, professional sporting competitions Making cheating at sport for the purpose of financial gain a criminal offence How could it be improved?

2014 IAGR - Philadelphia Speak to me later Website of the Victorian regulator Contact me: More information