{"id":15719,"date":"2021-03-11T15:02:51","date_gmt":"2021-03-11T15:02:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15719"},"modified":"2026-04-23T21:12:19","modified_gmt":"2026-04-24T00:12:19","slug":"australian-banks-support-credit-card-ban-on-online-gambling","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australian-banks-support-credit-card-ban-on-online-gambling","title":{"rendered":"Australian banks support credit card ban on online gambling"},"content":{"rendered":"\n

According to Queensland MP Andrew Wallace, Australia\u2019s four biggest banks back plans to ban credit card spending on online gambling.<\/p>\n\n\n\n\n\n\n\n

Australia.- Queensland MP Andrew Wallace has said that an initiative to ban the use of credit cards for online gambling<\/strong> has the support of Australia’s biggest banks.<\/p>\n\n\n\n

Wallace said he had garnered support from the four largest banks in Australia.<\/p>\n\n\n\n

Credit cards are already banned from being used at casinos<\/strong> but the same restrictions do not apply for the digital gambling sector<\/strong>. <\/p>\n\n\n\n

Wallace has called for a legislative change and hopes to take the proposal to MPs in the coming weeks.<\/p>\n\n\n\n

He said that “the high interest rates and a high chance of loss could result in serious gambling-related harm<\/strong> for many people and families in Australia.”<\/p>\n\n\n\n

Back in 2019, an association launched a consultation<\/strong><\/a><\/em> to collect community views on the risks of gambling online using credit cards.<\/p>\n\n\n\n

About 81 per cent of participants<\/strong> agreed restrictions on<\/strong> gambling with credit cards should be introduced<\/strong>. Only about 7 per cent of respondents said restrictions were not necessary.<\/p>\n\n\n\n

Although some banks have already banned customers from using credit cards for online gambling, a uniform ban across the sector has yet to be implemented.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

According to Queensland MP Andrew Wallace, Australia\u2019s four biggest banks back plans to ban credit card spending on online gambling.<\/p>\n","protected":false},"author":176,"featured_media":15720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Queensland MP Andrew Wallace is advocating for a legislative ban on credit card use for online gambling in Australia, a measure already in place for land-based casinos. This initiative has garnered support from Australia's four largest banks and aligns with strong public sentiment against the use of high-interest credit for digital wagering, aiming to mitigate gambling-related harm.","focusai_entities":"Andrew Wallace, Australia\u2019s four biggest banks","focusai_location":"Australia, Queensland","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.85), tech_data (0.8), marketing_crm (0.8), payments_fraud_aml (1.0), investor_analyst (0.9), gambler_consumer (0.9), supplier_vendor (0.85), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Legislative Timeline","query":"What is the projected legislative timeline for the proposed credit card ban in Australia, and what are the key parliamentary hurdles it must overcome?"},{"label":"Operator Impact","query":"How are major iGaming operators in Australia preparing to mitigate potential NGR impacts and adapt their payment processing frameworks in anticipation of a uniform credit card ban?"}],"footnotes":""},"categories":[16336,28,158],"tags":[23911,4138],"class_list":["post-15719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-slider-home","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15719"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15719\/revisions"}],"predecessor-version":[{"id":15748,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15719\/revisions\/15748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15720"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}