This quote is more disturbing IMO
"The company, which is listed in its own right, will now push to expand market-based bets **to cover shares** and commodities, such as oil and gold, as well.
http://www.theage.com.au/business/are-stocks-a-gamble-you-bet-20100308-pru0.html
Then from the same article:
"We do not have to take it to the ASX or anyone else and ask for clearance."
A spokesman for the ASX confirmed the market regulator had no jurisdiction over Centrebet's offering."
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Personally I think the Government should legislate to nip this in the bud so that the ASX has indeed jurisdiction on gambling in shares. I can see big problems ahead with the big overseas players. Look at the corruption in betting on soccar games in some parts of Europe.
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