Stock Maket Online Gambling Opens in Australia

Australians who feel the stock market is a gamble will now be able to act on it, as online gambling operator Centrebet began taking plays on the market index last week. Players can put Internet wagers on the Standard and Poors/Australian Stock Exchange 200, the country's version of the Dow Jones Index, gambling on the market's future movement.

Internet gaming operators in Australia have had the opportunity to bet on rate policies by the national Reserve Bank for several years, receiving or laying odds depending on the direction played. Now, bets will be taken by Centrebet on monthly market trends, against odds set by financial analysts and adjusted to betting patterns.