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South African Bookmakers Association Calls for Prediction Markets Ban
By Editorial profile image Editorial

South African Bookmakers Association Calls for Prediction Markets Ban

The South African Bookmakers Association (SABA) has called for prediction markets to be banned in South Africa, citing concerns over sports integrity, regulatory oversight, and anti-money laundering (AML) risks.

The South African Bookmakers Association (SABA) has called for prediction markets to be banned in South Africa, citing concerns over sports integrity, regulatory oversight, and anti-money laundering (AML) risks.

In a recent statement, SABA expressed worries about the rise of unregulated prediction market platforms in the country. The association pointed to a News24 report from 19 July highlighting the growing presence of such platforms and the associated risks.

By Editorial profile image Editorial
Updated on
Regulation South African Bookmakers Association Prediction Markets South Africa Sports Integrity Regulatory Oversight