I think because they are an exchange as opposed to a bookmaker, that the loophole existed to allow us to bet with them. The law says no bets to be placed with a bookmaker not licensed in Australia. (correct me if I am wrong)..

Not much will change now, but it will become an accepted form of betting because they will be licensed. The law will now back us up getting our money (not that I have ever had any trouble anyway) back from them, whereas before we were probably alone on this. They are now able to advertise in Tasmania.

I really don't think too much will change apart from this, but now that it is accepted, people will be more likely to join up. More money being traded can only be a good thing.