Melbourne Cup betting rules show UK the way to prevent illegal gambling boom | Greg Wood

From January, when the latest legislation comes into force, Australia will arguably be a world leader in gambling regulation The 2026 Melbourne Cup is not due off until 4am GMT on Tuesday – which is 3pm local time on what is still a public holiday in the state of Victoria – but there has already been some spectacular action in the betting market for the “race that stops a nation” over the last few hours, with the Irish punting legend JP McManus, no less, leading the charge.

McManus and his fellow…