In this interview with Andrew Geoghegan on Ausbiz, Tom Waterhouse discusses the UK Treasury’s recent increase in taxes on online wagering. Tom and Andrew also discuss Australia’s grey market, including a recent report that 14% of Australian racing wagering goes to illegal offshore operators. Finally, Tom is asked about his expectations for 2026 in the wagering space.
Tom sat down with Andrew Geogheganon on Ausbiz and covers the rapid rise of prediction markets including Polymarket and Kalshi, Flutter suddenly leaving India due to a new legislation and finally Tom looks at the impact of the UK Government’s strict regulations which have led to offshore leakage and black-market operators.
In this interview with Andrew Geoghegan on Ausbiz, Tom Waterhouse discusses Stake’s newest ambassador, Australia’s presence throughout the largest crypto operators, and finally covers the recent news of wagering juggernaut Bet365 possibly being for sale, including the avenues Denise Coates could explore regarding a potential sale.
Stake has added the most famous jockey in the world, Frankie Dettori, to their already impressive list of ambassadors. This announcement, along with Stake’s recent partnership with technology provider Racing and Sports, illustrates a focus on racing by Stake, making them pioneers in the crypto casino and sportsbook industry.
Tom highlights Stake’s innovation, emphasizing their unique user experience, deposit functionality across multiple cryptocurrencies, the use of influencers, and most notably the creation of their own streaming platform, Kick, which was created after they were banned from advertising on Twitch.
Last week, news broke of a potential sale of wagering pioneer and giant bet365, pioneers in online wagering especially in the in-play and technology space. Tom and Andrew discuss potential options for a sale, who could buy Bet365, and the likelihood of private equity, an IPO or a U.S buyer entering the frame.
