Australia passed stricter gambling regulations last December. One of the added provisions banned the use of credit cards and cryptocurrencies to wager online. That provision went into effect today. Companies that fail to enforce the new ban are subject to fines up to AU #234,750 .include the launch of BetStop, a self-exclusion register, and a mandate to pre-verify IDs for online gaming accounts.
Social Services Minister Amanda Rishworth remarked, “You can’t use your credit card to place a bet for land-based gambling and now the same rules apply for online gambling.”Australia is not the first country to take such measures. Norway banned online gambling payments via credit cards or online payment processors since 2010. In 2020, the UK passed a ban on gambling-related credit card use.
Pennsylvania is the latest state looking to ban credit card funding of online gambling accounts. In April, Senator Wayne Fontana filedbanning credit card use for all online gambling, including online casinos, iLottery, daily fantasy sports , and online sports betting. “There are more young folks between 18 and 30 gambling online, and they are funding it up on their credit cards,” Fontana said.