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Online gambling

This Month

Bank of America analysts estimate that prediction markets such as Polymarket account for between 3 per cent and 8 per cent of the US online sports betting market.

A journalist reported a missile strike. Then came the death threats

War correspondent Emanuel Fabian found out that his report on a strike in Israel had triggered a dispute over bets on the prediction market Polymarket.

This elusive Aussie built a multimillion-dollar global gambling empire

Bernard Marantelli has for the past few decades outsmarted many in the wagering industry, including US authorities after he won a $95 million lottery jackpot.

February

Stephen Crichton of the Bulldogs runs during a training session in Las Vegas this week ahead of the NRL season openers.

Rugby union is rising in the US. That’s bad news for the NRL

Hosting season openers in Las Vegas was supposed to help the NRL grab a slice of the world’s biggest sports fan and betting market. It has not been so simple.

Pictures of Laurence Escalante with security, appearing in Perth Magistrates Court on a string of drug and family violence charges in Perth.

Billionaire Laurence Escalante hit with fresh drug charges

The 44-year-old founder of Virtual Gaming Worlds fronted Perth Magistrates Court on Thursday on nine new charges.

Tabcorp chief executive Gillon McLachlan will roll out the tap-in-play product across NSW.

Tabcorp’s live betting puck to enter NSW pub scene

Gillon McLachlan’s new live betting product, tap in play, is expected to be rolled out this year.

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Bishops at the Vatican. The Vatican Bank is developing indices for Catholic investors around the world.

Vatican makes foray into faith-based investing with new indices

Ecclesiastical trades are ramping up, with the Vatican Bank launching Catholic-based stock indices as the Sydney Archdiocese plans to launch investment funds.

Cryptocurrencies will be put to the market test when ETFs are developed for trading.

From Bad Bunny bets to the Big Build, we’re being swallowed by grift

Whether it’s crypto, prediction markets or union scandals, corruption is no longer hidden and only a rort if you’re not in on it in this new transactional world.

Tech billionaire Laurence Escalante (centre, in black) leaves Perth Magistrates Court on Friday.

‘I’m coming now’: Alleged assault could cost Escalante his empire

Court documents reveal details of the allegations against Perth gaming billionaire Laurence Escalante, who’s facing several assault and drug charges

Entain chief executive Andrew Vouris has brushed off speculation the business will be offloaded.

Ladbrokes owner dampens takeover talks, eyes online casino expansion

New chief executive Andrew Vouris said an attempt to compete against Tabcorp inside pubs and clubs had distracted the bookmaker from what it does best.

January

Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business.

Gambling billionaire steps down after being arrested on family violence, drug offences

Laurence Escalante is accused of assaulting a woman, stealing several items and causing damage to a property.

Donald Trump Jr.

Donald Trump jnr’s role in Polymarket, Kalshi raises eyebrows

The president’s son is an investor in and adviser to the two biggest online prediction markets, prompting more questions about the family’s business activities.

Kingsley Bartholomew at Felix Restaurant.

The professional punter who made more than $1m on the Sydney Roosters

Kingsley Bartholomew is a rock star in the world of gambling, where followers seek his advice for a winning edge. His main tip? Learn to deal with the losses.

Drake

Drake allegedly used online casino Stake to inflate his popularity

A lawsuit filed in the US claims the rapper used the Australian-founded gambling business to pay bots in a scheme to increase the number of times his songs were played.

Tom Waterhouse’s VC fund has grown rapidly, according to investor documents.

Tom Waterhouse turns venture capitalist (and manages a 3900pc return)

Once loved and loathed as one of the country’s most prominent bookmakers, the scion of the high-profile racing family appears to have found a lucrative niche.

December 2025

Gillon McLachlan says the country needs more people to take up public leadership positions.

Gillon McLachlan urges ‘attacking’ regulation to end productivity trap

In an interview, the Tabcorp chief executive reveals how he brokered a massive AFL broadcasting deal and why he doesn’t think gambling is bad for sport.

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November 2025

Tabcorp chief executive Gillon McLachlan is offering commissions and incentives to pubs and clubs who get punters to gamble at terminals.

Tabcorp bonuses for big betting pubs revealed in confidential briefing

The strategy presented to hoteliers and clubs says the bookmaker will set aside $50 million for betting inducements and $80 million to overhaul its terminals.

Aristocrat chief executive Trevor Croker has been asked to make sworn testimony.

Legal battle over poker machine trade secrets takes new turn

Two ASX 100 companies have been in a legal battle over trade secrets – and a recent request for new documents suggest it could be about to turn ugly.

Communications Minister Anika Wells.

Critics blast Labor for social media gambling ad backdown

Lifting the minimum age to use social media won’t be enough to protect older teenagers from trying online gambling, the former Tabcorp chief executive says.

Ladbrokes owner Entain will axe more than 100 jobs in Australia and New Zealand.

Ladbrokes owner Entain slashes 10pc of staff, ends nine-day fortnight

The British bookmaker said about 120 positions in Australia and New Zealand would go as it tries to reset the business after a change of management.

Minister for Communications Anika Wells is responsible for gambling reform, but Prime Minister Anthony Albanese is calling the shots.

Labor tipped to drop proposal for online gambling ad ban

Political and industry sources expect Communications Minister Anika Wells to crack-down on illegal offshore gambling websites.