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”
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”