Online gamblers will no longer be able to use credit cards for wagering due to new regulations.
These laws were passed by parliament six months ago to align online gambling rules with those for in-person gambling, prohibiting the use of credit cards by punters.
Companies that fail to comply with this ban, which also includes credit-related products and digital currencies, could face fines of up to $234,750. The new laws also enhance the Australian Communications and Media Authority’s ability to enforce these regulations and penalties.
This credit card ban is part of a broader government effort to combat problem gambling. Other measures include the introduction of BetStop, a self-exclusion register, and the requirement for ID pre-verification for all online gambling accounts. To date, 22,000 people have registered with BetStop.
Communications Minister Michelle Rowland, stated:
Australians should not be gambling with money they do not have. “We are committed to maintaining a robust legislative framework with strong consumer protections for gambling, and we will have further announcements soon.
Social Services Minister Amanda Rishworth emphasized that the ban would assist vulnerable Australians:
You can’t use your credit card for land-based gambling, and now the same rules apply to online gambling.
Follow our Telegram channel
