2024-03-03 09:44:40
The parallel sports betting market is usually linked to criminal networks. Faced with this worrying truth, we observe that the number of Tunisian bettors is increasing more and more.
Let us remember, first of all, that games of chance have always fascinated humanity. Tunisia is no exception, especially since the internet revolution. The parallel sports betting market only benefits mafia companies, creating an economic and social imbalance to promote fair and responsible competition in the gambling sector, said Nizar Elbez, consultant and business development expert. In several Tunisian neighborhoods, on the corners of alleys a little removed from the general public, there are discreet shops offering CD burning services or cafes which have been converted into sports betting parlors. These places often appear indistinguishable from legitimate businesses to passers-by. At first, it is difficult to differentiate a legal game from an illegal game, these places are often discovered through friends or acquaintances who have heard regarding them.
Regulars at these establishments share captivating tales of quick-win opportunities, where a simple bet of one dinar can potentially yield 35 dinars in the blink of an eye. However, behind these promises lies an underground market, often controlled by criminal networks. According to Elbez, by betting in these places, participants take risks not only financially, but also legally and socially. These activities generally escape tax regulations, thereby depriving the state of important resources to finance social programs and essential public services.
Challenges associated with betting sportsmen
It is essential to remember that games of chance and betting are considered prohibited by the Muslim religion, due to the principles of Islam. With its emphasis on individual responsibility, moderation and wealth preservation, this ban stems from the perceived risk of financial uncertainty and dependence, which can lead to adverse consequences for individuals and society as a whole. “Involved individuals may thus face moral and legal consequences, which may harm their reputation and morality. The lack of consumer protection is also a major problem. Elbaz also mentioned that in the absence of adequate regulation, Tunisian bettors are often left without recourse in the face of the fraudulent practices of illegal betting operators. These operators can exploit bettors’ financial vulnerability by manipulating odds, refusing to pay out winnings, or failing to provide reliable customer support. Additionally, in a country where Tunisians operate primarily with the Tunisian dinar, the promises of quick wins offered by illegal betting operators may seem particularly attractive to those facing economic hardship. However, these bets can often prove disastrous, leading to the loss of precious financial resources in a context where every dinar counts to ensure daily subsistence. The high turnover of the parallel market, around 7 million dinars, underlines the scale of the problem and its potentially devastating consequences for the Tunisian economy and society.
“With this amount at stake, the state’s shortfall in tax revenue is significant, depriving the government of valuable resources to fund essential social programs and public services. Finally, participating in betting on unauthorized betting sites also exposes Tunisian bettors to significant legal risks, potentially resulting in fines, legal action or other legal sanctions. These legal consequences can further worsen the financial and social situation of individuals already in difficulty,” Elbez said.
Appeal of the parallel market
For him, the parallel market offers wider accessibility geographically and technologically, which can be beneficial for some punters. Unlike regulated platforms, which may be limited by geographic constraints or technical issues, parallel sites are often more accessible and available. Elbez also indicated that, in addition, side betting operators attract bettors with more attractive offers in terms of odds, bonuses and promotions. This attractiveness may encourage those seeking to maximize their potential gains to opt for the parallel market rather than the regulated market. Ease of participation is also an important factor. Parallel platforms offer a simpler and faster gaming experience, without the formalities and verifications often necessary on regulated sites. This can be particularly appealing to punters looking for a hassle-free experience. Additionally, parallel sites offer a greater variety of betting and gaming options compared to regulated sites. This diversity can attract punters looking to explore new gaming opportunities not available on legal sites. Elbez proved that side betting operators stand out for their superior responsiveness. They offer real-time updates and betting opportunities until the last minutes before the end of a match or tournament. This speed of response is particularly appreciated by punters looking to react quickly to live events or take advantage of last-minute betting opportunities. The drive to become rich effortlessly is a common human aspiration, but it can often lead to disappointing results or problems. Many people are attracted to the idea of making quick money without having to work hard to get it. However, it is important to recognize that lasting and significant wealth is usually the result of hard work, perseverance, financial discipline, and sometimes calculated risk-taking. Gambling, get-rich-quick schemes, and scams promising easy wins are often associated with this mentality. They may seem attractive at first, but they often carry high risks and can lead to adverse financial consequences.
An international phenomenon
Elbez explained that “the parallel sports betting market is present in many countries around the world, including European countries like France and Italy. This parallel market refers to betting operations which take place outside the legal framework established by the competent authorities. In France, for example, although online sports betting is legal and regulated by the Online Gaming Regulatory Authority (Arjel), there is still a parallel market made up of illegal betting sites. These sites operate without a license and violate French law, exposing punters to financial and legal risks. Similarly, in Italy, where online sports betting is also regulated by the Agenzia delle Dogane e dei Monopoli (ADM), there is also a parallel market consisting of illegal operators. These operators operate outside the regulatory framework established by the Italian government, which poses similar risks for punters. He continued: “The parallel sports betting market is fueled by various factors, including the desire of some punters to circumvent legal restrictions or take advantage of betting offers not available on regulated sites. However, it is important to note that participating in this parallel market carries significant risks, particularly in terms of data security, consumer protection and betting integrity. To ensure safe and responsible sports betting, it is essential to raise awareness among bettors of the risks associated with this parallel market and promote effective regulation to combat illegal operators.
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