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Scooters Gift Card Online - RayID: 7bf49a7c3ebc40a6 IP: 36.82.97.81 Activate the button and let it confirm that you are human. Thank you! Information Minister Michelle Rowland Gamblers will soon be banned from using credit cards for online betting, "people have to gamble with money they don't have," with the federal government introducing new laws to ban the payment method within months.
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does The change will implement the recommendations of a 2021 parliamentary inquiry calling for a ban, a trend that is estimated to account for 20% of gaming account deposits. "People shouldn't be gambling with money they don't have," said Communications Minister Michelle Rowland. In an announcement on Friday, Rowland and Social Services Minister Amanda Rishworth will bring online gambling into line with "land-based gambling", which already restricts credit card use.
The exact mechanism and technical implementation will be determined in consultation with stakeholders, but the government plans to use bank identification numbers (BINs) to identify and block credit card payments. This will prevent credit card numbers from being used to fund gambling accounts. Rowland and Rishworth said, “BIN blocking has been used successfully by Australian casinos and poker machine venues to stop credit card withdrawals from ATMs and has been used in the UK to introduce a credit card ban for online gaming.
The ban will be introduced through amendments to the Interactive Gambling Act 2001, which the government says will be introduced later this year, giving the Australian Communications and Media Authority more enforcement powers. Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news.
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It's another positive step to make online gambling comparable to land-based gambling, where credit cards are not used," said Rishworth. The House social policy committee is currently conducting an inquiry into online gambling, which will also make recommendations to guide the government's next steps. A separate parliamentary inquiry into gambling and credit cards under the previous coalition government, led by Liberal MP Andrew Wallace, recommended in 2021 that the government "ban the providers of
Prohibit online gambling for betting, gambling and other gambling services (but not lotteries) to accept. payments through credit cards, but also through digital wallets. Labour's proposal would leave lotteries out of the ban, including lotteries offered by charities, because "they create a low risk of harm to the game".
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Our Australian morning newsletter summarizes the day's national and international highlights and why they matter. Responsible Wagering Australia said in its 2021 research submission that "around 20% of gaming account deposits are handled by credit cards". Tabcorp told the study that in fiscal year 2021, the share of account deposits made by credit card was 13.7%.
Alliance for Gambling Reform CEO Carol Bennett said her group welcomed the change. "This is an important measure to reduce the harm caused by online gambling. We know that many people suffer from high levels of gambling harm and that those people are more likely to use credit cards to get cash advances. This is money that
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people can hardly use it," she said. Bennett acknowledged there may be loopholes in the policy, such as using credit cards to get cash instead, but said it's important to align online gambling policies with other bets. She reiterated her group's call for a ban on gambling ads on all broadcast platforms.
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