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US-based prediction markets taking bets on Australian elections and Albanese’s word choices
(www.theguardian.com)
this post was submitted on 25 May 2026
18 points (100.0% liked)
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The headline implies that this is a problem with people resident in Australia, and subject to Australian gambling laws, bypassing those laws to gamble en masse on current events in Australia, and somehow using VPNs to do so. Unless there’s some other unspecified loophole, the details sound like there are people in the US and other jurisdictions where these sites legally operate who are using them, and Americans, or Australian citizens resident in the US, placing bets on US sites on Australian politics isn’t something Australian law has any jurisdiction over, and a VPN won’t get you into the US financial system.
It does nothing of the sort. All it does is say what is happening on a betting site.
The betting site bets on all sorts of non-American things, that doesn’t mean it’s not only for American residents.