Advertisement

Credit card gambling ban passes lower house

New laws will extend a ban on credit cards for betting to include websites and gambling apps.

New laws will extend a ban on credit cards for betting to include websites and gambling apps. Photo: TND/Getty

Gambling reform measures to ban the use of credit cards to place wagers have been passed by the House of Representatives.

Punters will soon be banned from using credit cards to place bets online, after gambling reform measures passed the House of Representatives.

The new laws would extend the ban of credit cards for betting to include websites and gambling apps.

Credit cards had previously been banned for betting purposes at physical gambling locations such as casinos.

The new laws were passed by the lower house of federal parliament on Tuesday with the support of both major parties.

Attempts to amend the gambling changes by the opposition and crossbenchers were unsuccessful.

The credit card ban was a recommendation of a joint inquiry into gambling reform, which was set up under the previous Morrison government.

Companies that don’t enforce the ban on credit cards would be slapped with a fine of more than $234,000 under the changes.

The media watchdog would have the power under the new laws to enforce the ban.

Credit payments using digital currency such as cryptocurrency would also be included.

Banks and betting companies will be given a six-month transitional period to implement the changes

Legislation will now move to the Senate for debate.

AAP

Topics: gambling
Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.