▲ 502 r/australia
The ABC has identified more than 80 companies that run on a rewards club model, where customers pay a monthly subscription to get "free" entries into prize draws of cars, houses and cash, often worth millions of dollars.
Collectively, they claim to have given away more than $220 million in prizes. Despite these businesses being run like gambling operations, the industry is almost entirely unregulated.
NSW Better Regulation and Fair Trading Minister Anoulack Chanthivong said he was very concerned about the growing number of complaints, and condemned attempts to mislead consumers.
u/APrettyAverageMaker — 17 days ago