Online Casino Transfer: News - Thwaites Calls for Traceable Accounts

05/28/2010		Online Casino Style: News Thwaites Calls for Traceable Accounts
Home History Games News Dictionary		It seems that the continent nation of Australia never seems to be short of online gambling news as yet another demand comes out of the region. This time, the demands are not originating from the government (which is reportedly still working gung-ho on establishing a censoring program for the internet) but rather from the most dominant online casino company down under, Betfair. One executive from the firm in particular is demanding change to help combat illegal gambling and unscrupulous betting related to sports wagers, calling for traceable betting accounts. The demand is being made by Betfair’s Andrew Thwaites, an executive for the Australia division of the internet casino giant. Because much of Betfair’s business relies on the sports betting sector, the continuation and (some would say) growth of cheating schemes among professional sports is a strong concern, and one that the company works to battle. By doing so, they more securely ensure their chances of being able to combat conservative government arguments that online gambling can be correlated to corruption in the professional sporting worlds. The next solution lies in a new regulatory scheme, says Thwaites, who is now asking for an overhaul of the financial accounts used to place bets that all wagers be made from traceable accounts. Betfair seems to be backing Thwaites’ personal call for action; understandably so as Betfair is partnered with the AFL. The company has already made huge strides in the battle against corruption, credited with their tracking and alert systems to alarm operators when suspicious betting patterns turn up. “With account-based betting you are able to provide absolute transparency to regulators, stewards and sporting officials when it comes to integrity management," Thwaites said. "So we are able to tell the AFL or the RVL or the police, if necessary, exactly who have been putting the bets on, where they live and what their computer's IP address is -- everything you can think of. It's an absolute fingerprint. You know who's been betting and who's winning the money. You are never going to close all the doors, but if you can channel punters into a highly regulated environment it is the best way to protect the game. There should be a national self-exclusion register so that if a punter wants to exclude him/herself from wagering, he/she can do so simply and effectively across all outlets if they so choose. Again, only in an account-based betting environment is it possible for such exclusions to be effective."

05/28/2010

Online Casino Style: News
Thwaites Calls for Traceable Accounts

It seems that the continent nation of Australia never seems to be short of online gambling news as yet another demand comes out of the region. This time, the demands are not originating from the government (which is reportedly still working gung-ho on establishing a censoring program for the internet) but rather from the most dominant online casino company down under, Betfair. One executive from the firm in particular is demanding change to help combat illegal gambling and unscrupulous betting related to sports wagers, calling for traceable betting accounts.

The demand is being made by Betfair’s Andrew Thwaites, an executive for the Australia division of the internet casino giant. Because much of Betfair’s business relies on the sports betting sector, the continuation and (some would say) growth of cheating schemes among professional sports is a strong concern, and one that the company works to battle. By doing so, they more securely ensure their chances of being able to combat conservative government arguments that online gambling can be correlated to corruption in the professional sporting worlds.

The next solution lies in a new regulatory scheme, says Thwaites, who is now asking for an overhaul of the financial accounts used to place bets that all wagers be made from traceable accounts. Betfair seems to be backing Thwaites’ personal call for action; understandably so as Betfair is partnered with the AFL. The company has already made huge strides in the battle against corruption, credited with their tracking and alert systems to alarm operators when suspicious betting patterns turn up.

“With account-based betting you are able to provide absolute transparency to regulators, stewards and sporting officials when it comes to integrity management," Thwaites said. "So we are able to tell the AFL or the RVL or the police, if necessary, exactly who have been putting the bets on, where they live and what their computer's IP address is -- everything you can think of. It's an absolute fingerprint. You know who's been betting and who's winning the money. You are never going to close all the doors, but if you can channel punters into a highly regulated environment it is the best way to protect the game. There should be a national self-exclusion register so that if a punter wants to exclude him/herself from wagering, he/she can do so simply and effectively across all outlets if they so choose. Again, only in an account-based betting environment is it possible for such exclusions to be effective."