The Australian legislative body has enacted legislation prohibiting the use of credit cards for online wagering. This recently implemented legislation aims to promote responsible gaming by increasing the difficulty of using credit cards as a payment option.
The Responsible Gaming Australia (RGA) organization and its affiliates have expressed their satisfaction with this new law. RGA’s chief executive, Kai Cantwell, stated that this is a significant stride in safeguarding individuals and their families from the detrimental effects of gambling. He contends that it will enhance individuals’ ability to regulate their gambling expenditures. This legislation will complement the existing safety measures provided by RGA members to assist their patrons in managing their gaming activities.
Although RGA endorses this law, Cantwell also conveyed his disappointment that other forms of gambling, such as lottery tickets and keno, were excluded from the prohibition. He highlighted that lotteries are, in fact, the most prevalent form of gambling in Australia, particularly among lower-income demographics.
Since 2021, RGA has been collaborating with the Australian government and financial entities to implement this credit card ban.
It is noteworthy that RGA is dedicated to fostering responsible gaming practices. In October 2023, they partnered with the New South Wales government for Responsible Gaming Awareness Week to increase public knowledge about available support resources and responsible gambling behaviors.
This group is concerned about international wagering platforms operating outside established guidelines. These platforms circumvent Australian regulations, evade tax obligations, and expose Australian players to potential harm.
Currently, this poses a significant issue within Australia. These illicit sites deprive the government of revenue and hinder efforts to safeguard individuals. The ACMA, Australia’s regulatory body for such matters, recently issued a caution to one such platform – Best Bookies Price Pty Ltd.