iTnews
  • Home
  • News
  • Technology
  • Software

Tabcorp says bad data, technical error behind online betting breach

By Staff Writer on Nov 18, 2021 1:27AM
Tabcorp says bad data, technical error behind online betting breach

Took in-play bets on a US college basketball game.

Tabcorp has blamed bad match data from a third-party as well as a “technical error” on its own systems for breaching online in-play betting rules in Australia.

The Australian Communications and Media Authority (ACMA) issued Tabcorp a formal warning after the company “was found to have accepted 37 illegal online in-play bets” during a game on January 3 this year.

Online in-play betting - betting on a sporting event after it has commenced - is prohibited in Australia under the Interactive Gambling Act 2001. 

It’s the first time that an operator has been pinged for breaching the rules.

The ACMA launched an investigation after receiving a complaint, which it subsequently substantiated.

ACMA authority member Fiona Cameron said in-play betting “can pose a very high risk to problem gamblers.”

”These rules have been in place for many years and Tabcorp has had more than enough time to put systems in place to ensure that in-play betting is not offered on local or international sports,” she said.

Tabcorp told the ACMA that it failed to close betting in time “due to incorrect match information from a third-party provider, followed by a technical error by Tabcorp.”

The company said it paid out winning bets and refunded losing bets “upon realising the mistake”.

The ACMA said paying out the winning bets was “inappropriate”, arguing all bets should have been voided “so that neither operators or punters benefit from prohibited activity”.

The authority added that although it could have imposed or sought court-ordered penalties against Tabcorp, it settled on a formal warning after considering “Tabcorp’s actions to deal with the illegal bets and its commitment to improve its systems and processes.”

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
bettinginplayonlineprocesssoftwaresystemtabcorptechnical

Partner Content

How to turn digital complexity into competitive advantage
Promoted Content How to turn digital complexity into competitive advantage
Security: Understanding the fundamentals of governance, risk & compliance
Promoted Content Security: Understanding the fundamentals of governance, risk & compliance
Avoiding CAPEX by making on-premise IT more cloud-like
Promoted Content Avoiding CAPEX by making on-premise IT more cloud-like
"We're seeing some good policy put in place, but that's the exception"
Partner Content "We're seeing some good policy put in place, but that's the exception"

Sponsored Whitepapers

Extracting the value of data using Unified Observability
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future
NextGen Security Operations: A Roadmap for the Future
Video: Watch Juniper talk about its Aston Martin partnership
Video: Watch Juniper talk about its Aston Martin partnership

Events

  • Micro Focus Information Management & Governance (IM&G) Forum 2022
  • CRN Channel Meets: CyberSecurity Live Event
  • IoT Insights: Secure By Design for manufacturing
  • Cyber Security for Government Summit
By Staff Writer
Nov 18 2021
1:27AM
0 Comments

Related Articles

  • Carsales.com to buy 51 percent in US firm Trader Interactive
  • Kmart Group banks 'over $1m' in savings from process automation push
  • Appian soars after winning US$2bn verdict against Pegasystems
  • Qantas looks to tech platforms to reduce call centre wait times
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Qantas calls time on IBM, Fujitsu in tech modernisation

Qantas calls time on IBM, Fujitsu in tech modernisation

Service NSW hits digital services goal two years early

Service NSW hits digital services goal two years early

NBN Co taking orders for 'non-premises' connections

NBN Co taking orders for 'non-premises' connections

NSW Police scores $100m to connect body-cams to firearms, tasers

NSW Police scores $100m to connect body-cams to firearms, tasers

Digital Nation

Crypto experts optimistic about future of Bitcoin: Block
Crypto experts optimistic about future of Bitcoin: Block
The security threat of quantum computing
The security threat of quantum computing
IBM global chief data officer on the rise of the number crunchers
IBM global chief data officer on the rise of the number crunchers
Integrity, ethics and board decisions in the digital age
Integrity, ethics and board decisions in the digital age
COVER STORY: Operationalising net zero through the power of IoT
COVER STORY: Operationalising net zero through the power of IoT
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.