Sport is made for betting

The basket case of the EU, Greece, has decided to move with the times and licence other gambling operators in the country in order to clear some of its monumental debts. Greeks are renowned for their love of betting but they've mostly had to do it through the local monopoly charging extortionate margins. But the government's attempt at coming up with a licensing regime is very ambitious in terms of the revenue it will bring in, and flawed in terms of how its regulations fit with EU law. Not only have they tried to block betting exchanges, but some of their other plans are just a wee bit extreme... Betfair files complaint with EC over Greek draft law Betfair has filed a complaint with the European Commission over the ban on betting exchanges contained within the Greek draft egaming law. Martin Cruddace, Betfair’s chief legal and regulatory officer, said: “Having played a constructive role in the preparatory phase of the draft Greek gaming law, we were disappointed with the...