Betr fined $142,000 for flouting advertising rules

Betr was penalized by the Liquor & Gaming New South Wales regulator to the tune of $142,000 for breaking advertising rules the previous year. The penalty results from a gaming company's tabloid advertising campaign in Australia. The business advertised odds as high as 100-1 for wagers on horses competing in the 2022 Melbourne Cup for amounts up to $7. Although Betr has consented to pay the amount, it has maintained throughout the process that it has not broken any laws.Print advertising, which includes the inducement to open betting accounts, is illegal in New South Wales, according to the law.