Gambling Online With Credit Cards and Digital Currency Banned in Australia

Published on June 11, 2024

A new law that bans Australians from using credit cards and digital currency to gamble online has come into force. Fines of up to $234,750 (US$155,000) also can apply to companies that fail to enforce this ban on credit cards, credit-related products, and digital currencies. Explaining the reasoning for the legislation, Communications Minister Michelle Rowland said, “Australians should not be gambling with money they do not have.” The Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 (pdf) passed the parliament in late 2023 and now applies after the industry were given a six-month period to adapt. “Credit must not be provided to customers of certain interactive wagering services. Such services must also not accept or offer to accept payment using specified methods, including credit cards and digital currency,” the law states....

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