Is Unibet Mistaken?

A complaint has been recently placed by the Belgian Gaming Commission against online gambling group Unibet regarding “its political proposition betting policy on the formation of the nation’s new government”. The commission regards Unibet’s game of chance at the time of the formation of a new government to be against the law. As for Unibet, they think that real money betting on political events is legal. Unibet’s site offers gamblers 25 to one odds for those who think a new Government will be formed before October 1, dropping to 2.5 to one if they pick a date after December 1, 2007.

Under Belgian law the event is forbidden, except licensed sports competitions and horse racing. Organization of this kind of betting is not an obstacle in other European countries, so it must be in Belgium – Unibet points out.

In case the company is mistaken, they will have to pay a fine of up to $140,755. More over, a penalty of a six-month to five-year suspension may be imposed on them.

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.