Why Will Australia Ban Credit Cards for Online Betting?

By | September 10, 2021

The leading gambling regulators and authorities around the world have been discussed the credit cards payment method in online gambling since the digital era has started. The Australian senators have announced a possible ban of credit cards for online betting. Check the latest news on the legislation sector for more.

The financial counselors and gambling reform groups insist on the credit cards ban for online betting. The foundation for this ban can be the Interactive Gambling Amendment (Prohibition on Credit Car Use) Bill 2020. And the inspiration for this decision was the UK, which banned credit cards for all kinds of betting last year.

You can read more about bans on credit cards in other countries on the gambling online magazine website.

The main reason for the ban is the problem gambling and addiction issue in the country. According to the gambling reform group, it will significantly reduce the level of debt among players.

Dr. Mark Zirnsak from the Alliance for Gambling Reform is confident that the Bill will definitely be a big step forward. The regulation of the gambling market is an important part of the healthy society and development economy of the country.

Andrew Whitecross from the Australian Institute of Family Studies has clarified that the Bill won’t forbid online gambling. It will help users who suffer from gambling addiction and save them from debts and uncontrollable costs.

On October 8, 2021, the committee will report the updates. Most likely, they will talk about e-wallets, like PayPal, too.

Read more: Everything you should know about PayPal at online casino

Read more: What is the legal gambling age in Vegas?

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