Property tycoon who lost 1.5m on football bets loses court battle against Betfair
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Property tycoon who lost 1.5m on football bets loses court battle against Betfair
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"A property tycoon who lost nearly 1.5m on football wagers has failed in a bid to get his loses back after suing Betfair. Buy-to-let giant Lee Gibson told a court he placed more than 30,000 individual wagers through betting exchange Betfair during a "prolific" gambling period between 2009 and 2019. Although he said he initially found it "enthralling and exciting," his losses became "unsustainable" and in March 2019, his account was locked."
The Independent emphasizes on-the-ground journalism across issues such as reproductive rights, climate change, and Big Tech, and produces documentaries like 'The A Word' spotlighting American women fighting for reproductive rights. The Independent presents itself as trusted across the political spectrum, maintains free access without paywalls, and seeks donations to fund reporters and on-the-ground coverage. Separately, Leeds property tycoon Lee Gibson placed more than 30,000 wagers on Betfair during a prolific gambling period from 2009 to 2019 and lost nearly 1.5m. Gibson sued Betfair alleging it should have identified him as a problem gambler and intervened sooner, but his claim was dismissed.
Read at www.independent.co.uk
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