Online lottery betting operator Lottoland has been betrayed by its Australian regulatory body, which plans to ban its licensees from betting on Australian lotteries.
On Tuesday, the government in Australia’s Northern Territory confirmed that it had instructed the Northern Territory Racing Commission to amend its rules to prohibit NT-licensed betting operators from taking wagers on the outcome of Australian-based lotteries.
Northern Territory Attorney-General Natasha Fyles told NT News that “concerns have been raised about how this synthetic betting practice has undercut hardworking small businesses, including many newsagencies” in the NT. “I have listened to the concerns and I’m taking action.”
The Gibraltar-based Lottoland debuted its Australian betting site in January 2016, and Aussie punters were so thrilled to finally be able to wager on major international lottery drawings that within days they crashed the website. Lottoland’s business model proved so popular – its registered customer list has since grown to over 600k – that Aussie rivals including the NT-licensed Crown Bet were soon launching me-too products.