iGamingExpert

Australian poker player sanctioned over ponzi scheme allegations

The Supreme Court of Queensland has ordered Marley Wynter, who allegedly ran a ponzi scheme targeting Australian poker players, to pay AU$4.8m (US$3.2m) as a result of the case.

It has been reported that plaintiffs claimed their efforts for withdrawal were met with friction, with many cases reportedly only being paid out after they had warned they would go to authorities.

Wynter, who according to PokerMedia Australia didn’t contest the claim, spearheaded Marley’s House of Sport and Marley’s House of Investment which allegedly bolstered the profits of its significant portfolio of investors.

The sites were shut down at the start of 2023, having reportedly garnered profits of around AU$30m (US$19.8m), through significant growth of its subscriber base.

Wynter was a prominent figure within the Australian poker scene, having featured in the debut WPT Australia series, he further integrated himself into the space by sponsoring key events and local poker tournaments.

Furthermore, it wa..

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Australia takes key player protection steps with BetStop

Australia’s Minister of Communications, Michelle Rowland, has appointed Richard Eccles to conduct the first statutory review of the country’s national self-exclusion register – BetStop.

Implemented in August 2023 by the Australian Communications and Media Authority, BetStop is being reviewed due to a requirement in the Interactive Gambling Act 2001, which states a review of the self-exclusion service must be conducted after a year of operations to make sure it is an effective measure to protect those vulnerable from gambling harm.

The Minister’s statement also said that the review will “add to the evidence base on the impacts of BetStop in Australia and voluntary exclusion programs to help inform future policy”.

BetStop covers all Australian licensed iGaming providers, stopping them from opening a new account for self‑excluded individuals, accepting bets from them, or sending them marketing material. Operators must also close existing betting accounts for registered individuals.

Si..

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