IG Markets: Ultimate Online Casino

Not sure the fuss about the gahmen allowing online gambling is all about when there already is a licensed broker operating gambling mechanisms right under the MAS's noses.

Enter IG Markets' Sprint betting.

As if their hourly and two hourly Binary Options availability arn't enough of a gambling mechanism with almost zero investing or markets acumen required, the Sprint betting takes things up several notches.

This is a ONE MINUTE gambling option just simply betting whether within a minute, a currency pair will be above or below the strike price (which is at Market when bought/sold).

Some key highlights:

1) Only one minute time frame. So it is VERY quickly over.

2) The chart simply shows the per second chart. Very drastic moves.

3) For a minimum bet of SGD$45, you stand to either lose 100%, or win SGD$81.45, an 81% potential payout.

4) See screenshot below, notice the time on the phone clock vs the expiry time - that's right, have I already mentioned it is a straightforward one-minute bet?

5) In the case of a draw, i.e. the expiration price equals your open price, you actually lose HALF! I know right?! Just like in the casino!!!

And the authorities are allowing this? While those online betting debates are ongoing?