The home of intelligent horse racing discussion
The home of intelligent horse racing discussion

Future of Exchanges

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #12879
    Lewey
    Member
    • Total Posts 140

    Did anyone see this article earlier in the week about the French banning betting exchanges.

    <!– m –>http://www.guardian.co.uk/sport/2009/oc … mbling-law<!– m –>

    I wonder what the Conservative government makes of the Betting Exchanges.

    #252808
    betlarge
    Participant
    • Total Posts 2789

    I wonder what the Conservative government makes of the Betting Exchanges.

    About £300 million a year?

    Typically Luddite reaction from the most protectionist nation on Earth. I’m always caught with the French between loathing their ability to put French interests first, second and third and totally admiring it.

    Mike

    #252811
    % MAN
    Participant
    • Total Posts 5104

    I would expect Betfair to launch a legal challenge as I would have thought the ban breaches European law.

    Even if the ban is deemed to be lawful it could easily be circumvented.

    Exchanges cannot be un-invented they are here and they are here to stay and it makes sense to have them operating legally and openly than having them driven underground.

    #252863
    robert99
    Participant
    • Total Posts 899

    The European Union’s highest court recently ruled that a Portuguese state-run charity’s gambling monopoly is legal if it aims to combat criminal activity.

    European law ruling for Portugal cases was that:
    restrictions imposed by a Member State “must be suitable for achieving the objective or objectives invoked by the Member State concerned, and they must not go beyond what is necessary in order to achieve those objectives. Lastly, in any event, those restrictions must be applied without discrimination.”

    If France wants to reduce problem gambling and corruption as its "objectives" it will have to come up with more concrete facts on Betfair P2P betting being a stronger causation of both. Can’t see that traditional bookmakers are better guardians of integrity, nor their reliance on FOBTs for addiction revenue.

    "The European Court of Justice (ECJ) rendered its judgment in a case involving bwin and the Portuguese football league versus the Portuguese monopolist Santa Casa da Misericórdia de Lisboa (Santa Casa).

    Santa Casa claimed that bwin’s sponsorship agreement with the Portuguese professional football league and accompanying advertising activities were illegal because of Santa Casa’s monopoly in providing on and offline lottery and betting services in Portugal.

    According to the ECJ, the Portuguese monopoly on the Internet may comply with Community law under certain conditions, but restrictions imposed by a Member State “must be suitable for achieving the objective or objectives invoked by the Member State concerned, and they must not go beyond what is necessary in order to achieve those objectives. Lastly, in any event, those restrictions must be applied without discrimination.”

    #252875
    betlarge
    Participant
    • Total Posts 2789

    If France wants to reduce problem gambling and corruption as its "objectives" it will have to come up with more concrete facts on Betfair P2P betting being a stronger causation of both. Can’t see that traditional bookmakers are better guardians of integrity, nor their reliance on FOBTs for addiction revenue.

    Of course, but France regularly rides a coach and horses through any EU laws it finds objectionable by rubber-stamping them and then ignoring them.

    Eventually they will be brought to book in the European courts. Shouldn’t take more than a couple of hundred years. Meanwhile…

    Mike

    #252915
    robert99
    Participant
    • Total Posts 899

    If France wants to reduce problem gambling and corruption as its "objectives" it will have to come up with more concrete facts on Betfair P2P betting being a stronger causation of both. Can’t see that traditional bookmakers are better guardians of integrity, nor their reliance on FOBTs for addiction revenue.

    Of course, but France regularly rides a coach and horses through any EU laws it finds objectionable by rubber-stamping them and then ignoring them.

    Eventually they will be brought to book in the European courts. Shouldn’t take more than a couple of hundred years. Meanwhile…

    Mike

    The real story that is never printed in the Daily mail etc is that France does receive massive fines from ECJ for non-compliance with EU Directives.

    Examples are Fishing Conservation: 20MEu plus 58MEu each 6 months.
    GMO environment release: 38MEu plus 367kEu per day.

    UK bookmakers are already winning in the European Courts against Denmark and Sweden, and France will be vigorously attacked in the same way.

Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.