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So your solution is to grant a monopoly to TAB and Sportsbet, preventing any competition? Gatekeeping licenses leads to predatory monopolies. That's why every

by 0xy 4y ago

So your solution is to grant a monopoly to TAB and Sportsbet, preventing any competition? Gatekeeping licenses leads to predatory monopolies. That's why every single physical casino in Australia, which generally receive monopoly licenses, are cesspits of money laundering and gang activity.

jamesfinlayson 4y ago
Not necessarily, but I don't think the Northern Territory having no apparent limit on bookmaker licenses is a good idea either. That said, I think the tote is not a predatory monopoly because it just takes a percentage (I don't think it's fixed but maybe it's capped) of all bets whereas the fixed odds players need to squeeze every penny because if they're not careful they can lose money, so having 10+ fixed odds bookmakers creates an environment of cut-throat and sometimes dubious behaviour to make money.