{"id":5305,"date":"2020-04-06T09:43:46","date_gmt":"2020-04-06T09:43:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5305"},"modified":"2026-04-24T06:24:23","modified_gmt":"2026-04-24T09:24:23","slug":"australia-house-prices-betfair","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australia-house-prices-betfair","title":{"rendered":"Australia: Betfair opens betting on house prices"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Punters are allowed to wager on property prices in Sydney, Melbourne, Brisbane, Perth, Adelaide, Darwin, Canberra and Hobart.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- Online gambling giant Betfair has opened up betting on house prices in major Australian cities to help fill the void left by the global sports blackout due to Coronavirus. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK based company, which also operates in Ireland and Australia, started offering markets on the fall in property markets in Australia off the back of the Covid-19 crisis. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Punters are allowed to wager on property prices in Sydney, Melbourne, Brisbane, Perth, Adelaide, Darwin, Canberra and Hobart. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The results will be confirmed by the Australian Bureau of Statistics quarterly data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Betfair claimed &#8216;customer demands&#8217; had prompted it to offer betting on property markets in the eight Australian cities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Due to the global Coronavirus spread, most sports are currently out of action in Australia apart from horse racing \u2014 although it has now been banned in Tasmania.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lockdown measures have also meant that <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/australia-closes-casinos\">casinos have been forced to close<\/a><\/em><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Punters are allowed to wager on property prices in Sydney, Melbourne, Brisbane, Perth, Adelaide, Darwin, Canberra and Hobart.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Betfair, a prominent online gambling operator, has introduced betting markets on Australian property prices across eight major cities. This strategic diversification aims to mitigate the revenue impact from the global sports blackout caused by the Coronavirus pandemic, leveraging Australian Bureau of Statistics data for settlement. This move highlights the industry's agility in adapting to unprecedented market disruptions.","focusai_entities":"Betfair, Australian Bureau of Statistics","focusai_location":"Australia, Sydney, Melbourne, Brisbane, Perth, Adelaide, Darwin, Canberra, Hobart, UK, Ireland, Tasmania","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.85), affiliate_publisher (0.7), product_ux (0.75), tech_data (0.7), marketing_crm (0.8), payments_fraud_aml (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework","query":"What specific B2C licensing amendments or new regulatory interpretations are required for operators to offer betting on non-traditional financial instruments like property prices in Australia?"},{"label":"Market Diversification ROI","query":"What is the projected GGR contribution from this new property betting vertical, and how does it compare to the foregone sports betting revenue during the blackout period?"}],"footnotes":""},"categories":[16336,157,161],"tags":[289,234,12600,4138],"class_list":["post-5305","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-daily-news","tag-australia","tag-betting","tag-focus-gaming-news","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5305"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5305\/revisions"}],"predecessor-version":[{"id":21828,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5305\/revisions\/21828"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}