The federal government has introduced legislation banning online gambling with credit cards.<\/p>\n\n\n\n\n\n\n\n
Australia.- Legislation has been introduced to ban the use of credit cards for online betting in Australia. The proposed law expands an existing ban applying to land-based gambling and is intended to reduce financial risks for problem gamblers.<\/p>\n\n\n\n
Under the proposed legislation presented to parliament by the federal government, companies found to be in violation will face fines exceeding AU$234,000. The communications watchdog will be granted enforcement powers to ensure compliance. The ban will also cover credit cards linked to digital wallets like ApplePay and digital currencies, such as bitcoin.<\/p>\n\n\n\n
The legislation provides for a six-month transitional period to allow for adjustment to the new regulations.<\/p>\n\n\n\n
The move is not a surprise. In May, communications minister Michelle Rowland announced that\u00a0the government would move ahead with a ban on the use of credit cards<\/a>\u00a0for online gambling following calls from anti-gambling groups and\u00a0the Australian Banking Association (ABA)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The federal government has introduced legislation banning online gambling with credit cards.<\/p>\n","protected":false},"author":176,"featured_media":16772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Australia's federal government has introduced legislation to prohibit the use of credit cards for online gambling, extending an existing ban from land-based operations. This measure, which includes digital wallets and cryptocurrencies, aims to mitigate financial risks for problem gamblers, with non-compliant entities facing substantial fines and a six-month transition period.","focusai_entities":"Michelle Rowland, Australian Banking Association, Federal government, Parliament, Communications watchdog","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR\/NGR?","query":"What is the projected impact of this credit card ban on the Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for licensed iGaming operators in Australia over the next 12-24 months?"},{"label":"Enforcement & Penalties?","query":"How will the communications watchdog operationalize its enforcement powers, and what specific governance frameworks will be established to monitor compliance and apply the stipulated AU$234,000 fines?"}],"footnotes":""},"categories":[16336,154,158],"tags":[23911],"class_list":["post-777009227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","category-slider-home","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009227","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=777009227"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009227\/revisions"}],"predecessor-version":[{"id":777009242,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009227\/revisions\/777009242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16772"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}