- Joined
- Jan 17, 2008
- Messages
- 82,868
Full Story - Source
The Australian federal government announced the new legislation that will ban the use of credit cards for online betting.
According to The Adviser, the government’s regulatory move will be taken to “protect vulnerable consumers from gambling harms.”
The legislation will prohibit online gambling companies to accept credit cards for online wagering. It will amend
the application of the Interactive Gambling Act 2001 to encompass all online betting operations and only exclude lottery
from the ban as these operations are reportedly considered by the government ”a low-risk to gambling harm”.
As the source reports, the legislation would treat online gambling in the same way as land-based gambling. Therefore the
credit car ban in land-based casinos will equally apply to online wagering operators. Technical implementation is reportedly
being discussed but it seems more likely that bank identification numbers (BIN) will be used to block transactions in a similar manner
used by casinos and poker machine facilities to suspend withdrawals from ATMs.
Reducing Gambling Harm:
According to The Adviser, the federal Minister for Communications, Michelle Rowland MP said Friday that “legislating a ban on the use
of credit cards for online gambling will help protect vulnerable Australians and their loved ones”. The reason for the governmental move seems derived from the data showing that Australia sustains around $ 25 billion in adult gambling losses, which is the highest figure in the world.
According to The Australian Institute of Family Studies, around 7.2 percent of Australians are affected by gambling harm, which
is likely to affect their family and friends as well and significantly increase the percentage. Rowland, therefore, stood for the credit
card ban and reportedly said: “It’s as simple as this: people should not be betting with money they do not have.”
A Positive Step:
The Minister for Social Services, Amanda Rishworth, reportedly added: “The Albanese Labor Government is committed to
creating a better Australia. Minimizing the harm caused by problem online wagering is a key part of achieving that goal. Importantly,
minimizing this harm is not a set-and-forget exercise. Bringing online wagering into line with land‑based gambling, where credit cards
cannot be used, is another positive step.”
The Australian federal government announced the new legislation that will ban the use of credit cards for online betting.
According to The Adviser, the government’s regulatory move will be taken to “protect vulnerable consumers from gambling harms.”
The legislation will prohibit online gambling companies to accept credit cards for online wagering. It will amend
the application of the Interactive Gambling Act 2001 to encompass all online betting operations and only exclude lottery
from the ban as these operations are reportedly considered by the government ”a low-risk to gambling harm”.
As the source reports, the legislation would treat online gambling in the same way as land-based gambling. Therefore the
credit car ban in land-based casinos will equally apply to online wagering operators. Technical implementation is reportedly
being discussed but it seems more likely that bank identification numbers (BIN) will be used to block transactions in a similar manner
used by casinos and poker machine facilities to suspend withdrawals from ATMs.
Reducing Gambling Harm:
According to The Adviser, the federal Minister for Communications, Michelle Rowland MP said Friday that “legislating a ban on the use
of credit cards for online gambling will help protect vulnerable Australians and their loved ones”. The reason for the governmental move seems derived from the data showing that Australia sustains around $ 25 billion in adult gambling losses, which is the highest figure in the world.
According to The Australian Institute of Family Studies, around 7.2 percent of Australians are affected by gambling harm, which
is likely to affect their family and friends as well and significantly increase the percentage. Rowland, therefore, stood for the credit
card ban and reportedly said: “It’s as simple as this: people should not be betting with money they do not have.”
A Positive Step:
The Minister for Social Services, Amanda Rishworth, reportedly added: “The Albanese Labor Government is committed to
creating a better Australia. Minimizing the harm caused by problem online wagering is a key part of achieving that goal. Importantly,
minimizing this harm is not a set-and-forget exercise. Bringing online wagering into line with land‑based gambling, where credit cards
cannot be used, is another positive step.”
Last edited:
