In a significant move to protect vulnerable Australians from the perils of online gambling, the Australian Labor Party Government is set to introduce legislation that bans the use of credit cards and related financial products for online betting.
Under the proposed Interactive Gambling Amendment (Credit and Other Measures) bill, companies that fail to enforce the ban may face fines up to $234,750. The legislation aims to curb reckless spending that often leads to crippling debts and personal hardships.
In a prepared statement, Minister for Communications, Michelle Rowland, noted that people should not be betting with money they do not have.
As concerns about the social and financial consequences of gambling addiction grow, many countries…
Read the full article at: https://www.paymentsjournal.com/australia-takes-steps-to-curb-online-gambling-harm/