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Betting On Politics
Posted 5/30/11 :
Aussie senator's new bill designed partly to discourage wagering on political outcomes
Australia's vehemently anti-gambling independent politician, Nick Xenophon, says that his new anti-micro gambling measure is at least partly designed to counter political wagering on Australian elections.
In an interview with ABC TV reported Sunday, the senator warned that gambling has the potential to corrupt the political process.
Australia is currently being wracked by political manouevring on gambling clampdowns mainly associated with land activity but spilling over into promotional elements on the pastime (see previous InfoPowa reports).
The federal government is dependent on the support of independent politicians who are leveraging the situation to press initiatives that could have a serious impact on the bottom line of gambling companies.
Xenophon said he plans to introduce a bill into Parliament designed to prevent the corruption which could occur when political staffers with inside knowledge place bets on electoral outcomes such as election results in a particular seat.
''I think micro-betting gives macro opportunity for corruption,'' he told the television station. ''And I think at the last election there was speculation that some party insiders were betting against their own party. And if they are privy to information, confidential information, polling, if they know what's about to break, that could influence the odds.
''And I think that we need to clamp down on micro-betting because the potential for harm, the potential for corrupting outcomes is just enormous.''
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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