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Credit cards to be banned from online gambling

The Australian government is set to introduce new legislation that will ban the use of Credit Cards for online gambling. Companies that fail to enforce this ban will face substantial fines. The bill will also include a provision for the federal Communications Minister to ban other credit-related products in the future. The government recently launched BetStop, a self-exclusion register for individuals who want to cut themselves off from online gambling. A transition period of six months will be given to businesses and online bettors to adjust their practices. The aim of the ban is to protect vulnerable Australians from gambling with money they do not have.

The post Credit cards to be banned from online gambling appeared first on Balanced News Summary.



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Credit cards to be banned from online gambling

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