Sportsbet owner expands from gambling into less-regulated 'rewards club'

Sportsbet's parent company, Flutter Entertainment, is venturing into the less-regulated "rewards club" market, sparking concerns among anti-gambling groups. This move comes as the company seeks new revenue streams beyond traditional gambling, which is heavily regulated. Critics worry that rewards clubs may blur the lines with gambling and expose more people to potential addiction. The expansion underscores the ongoing debate about the balance between consumer benefits and the risks associated with increasingly accessible gambling-related activities.