Topic: Australia will ban Gambling through credit cards - page 2. (Read 648 times)

Australia is a rich a country, so it's no surprise that their country can lose that huge but it doesn't mean that people there are heavily addicted on gambling. The amounts that they gamble may look big to us but actually it was the only amount they can afford to lose.

Prevention is still better than cure like they say, so I like the initiative of banning credit cards in casinos. Not just in Australia but I like this new law to be implemented on many countries. Don't worry @OP because credit cards aren't the only way for the people to play gambling. They still have fiats, online payment methods ( including cryptocurrencies ) and they can control these better.

Gambling can either be beneficial for a gambler if he triggers the appropriate technique. Gambling is extensive, with numerous domains yet to be identified; understanding everything will take time. A ban on gambling will be difficult for the government to enforce because of the presence and creativity of fresh concepts that would encourage gamblers to start looking out different opportunities when making wagers on games. P2P is seen as one of the choices for gamblers to buy crypto that will be utilized to fund gambling activities, but there are other structures that I have never been acquainted about.

Have fun banning crypto from being used for online gambling... If they do that, the only outcome will be that there are casinos specifically focusing on providing players with crypto an anonymous environment to still use it. They would have to ban the entire infrastructure until the very cash out that could happen p2p without any official intermediary. I think a ban is something that just can't be enforced. Having rules in place is one thing, enforcing them is what really counts.

Based from what you stated, it's just the credit card mode of deposit that is going to be banned in Australia gambling platforms. The players can still use e-wallets or debit card as their payment or deposit method to play into their favorite website. It just makes a little inconvenience to have a lesser option to use for gambling, but I believe Australian government will do this for a good reason.

It's not really healthy and heartwarming to lose a lot of money because of people's irresponsibility. It's more of infuriating and disappointing for sure to the side of the government and specially to the side of the banks. Hence, one way to cut this losses is to cut the source of fund of those people who doesn't have enough resources for gambling to begin with. With this, they limit the financial dependency on credit and loans of the gamblers and perhaps this will make them reflect and think about having other source of fund just to be able to play and bet.

The government has considered the losses incurred by its people so they banned the use of credit cards and Cryptocurrency with huge fines, Australian gamblers' only recourse is to go to countries and play at Physical casinos do underground betting or they are going to use VPN to access the casinos.

Australia is not the only country that does this and they just want to protect their citizen from accumulating losses from gambling the figure is very alarming it just proves that many Australians gamble or do not have control over the amount they are playing.

Using a credit card to bet is the same as betting with loan money. Of course, this can increase the risk of failure when paying loans, so the government should prohibit this from continuing to be done by gamblers in that country. As long as these gamblers have money in hand, they are free to gamble at any casino (if gambling is legal) even though the risk of losing money remains the same.

The impact of gambling is basically the same, but the Australian government seems quite wise in dealing with gamblers with these rules. In the end, the government does not allow people to gamble with money they do not have, while they do not prohibit gambling. But what's the point of them banning people from using crypto on gambling?

If I read correctly, the reason Australia prohibits its people from gambling using credit cards and if the two government reasons are as mentioned.



For me, it is normal for the government to implement a bill prohibiting gambling using credit cards, because they know the risk of harm that arises for Australian society in general.

Regarding the Australian government's actions and regulations on gambling, in my opinion it is a good step, because with a credit card in hand, people enthusiastically use all the balance on their credit card, without considering the monthly risk they have to deposit intothe bank.

However, Australians can still gamble online using other methods, apart from credit cards and digital currency, such as: Transfez, Flip, Western Union and so on.

You are right. It can cause difficulties for those who gamble with credit cards. They will not realize that they have used a lot of money to gamble because in fact, at that time, they did not spend any money at all. But later, at the end of the month or the beginning of the month, they have to pay their debt to the credit card company. And if they can't control themselves while gambling, they may incur quite a large debt depending on how much money they use. So it's best not to gamble using a credit or debit card because it can make us lose money.

I am not a citizen of Australia so I have no way of accessing the bill or other news that could give many details about the draft of this law, but from what little I was able to research it seems to me that it is not as if the government is approving laws that prohibit their citizens from using online casinos, from what I understand is that the Australian government had already prohibited physical casinos that are in Australia from accepting credit card payments for very obvious reasons, and that when people are using cards of credit they are incurring debts, so it was necessary for the government to also apply the same prohibition that they applied to physical casinos to online casinos. and as they are passing laws related to credit cards, the Australian government has also included a ban on purchasing digital currencies using credit cards

Let’s look at this article that I was able to read:


source: https://igamingbusiness.com/legal-compliance/legal/australia-credit-card-gambling-ban/

I believe that when they introduced digital currency they were saying that people in Australia could not use digital currency created in Australia, something like not being able to use some type of digital currency created by the Central Bank of Australia to play in the online casino, I don't know if in Australia have digital currency created by the government or central bank, but even if they don't have it yet, in the future they may have it and this law will be in accordance. So my conclusion is the following:

1 - people in Australia will continue using physical and online casinos but will have to play with their own money from debit cards and physical money and cryptocurrencies

2 - this law is not prohibiting cryptocurrencies and is not prohibiting people from using physical casinos and online casinos, so in practice it is a good law, from what I read in other articles, online casinos in Australia supported this law, so it is a good law. In case there is someone who lives in Astralia and sees that I got everything wrong, feel free to correct me.

People's habits, usually those which are mostly perceived as negative ones.
That is why once can find taxes on tobacco, alcohol and gambling, in the end, it indeed does not matter what kind of restrictions governments try to set, everyone needs their entertaining activities (whatever they need to escape reality for some hours a day).

On the other hand, this may accelerate Bitcoin gambling in Australia or make people from that country to get accounts in reputable casinos overseas.

I believe it may be because credit cards offer so much more access to funds that one wouldn't have at the instant, that is why the citizens abuse it to gamble and play bets unguarded.
More interests should be created in which citizens can excitedly channel their money into to make profits from and find fun in doing it.
Gambling ban on credit cards will not stop gamblers from finding other ways to bypass the ban inorder to bet or gamble continuously.
The game itself should be strictly regulated both online and offline and turns of plays should be limited instead.

Exactly my thoughts @ChuckBuck. There are several means of payment that are provided by online gambling platforms for their customers to use whenever they're using their sites and no matter the kind of restriction that government of Australia implements, it's not gonna stop their citizens from betting.
If the government feels that the citizens of the country are probably gambling in uncontrollable ways and sees it as a threat to national development, I think the best thing to do is to sensitive citizens of the country about the effects of gambling without control instead of banning their credit cards from being used because it's still not gonna have much effect on people that are gambling when there are some many online virtual cards.

Maybe their goal is to protect their people from over gambling but no matter how they may stop people from gambling, they should be aware that credit cards isn't the only ways to deposit funds to gambling sites. People will always try to look for alternatives just to pursue gambling. I don't think banning will be the wisest solution that they could give because no matter what they do, as long as crypto and online casinos exist, it will still be hard for them to track gambling activities. I think the best that they can do is to conduct programs to warn people to gamble responsively because for sure, if they're country is experiencing such huge loss, many of their people are experiencing gambling addiction.

isn't this a classic example of government trying to put a leash on people's habits? Don't be fooled; this move isn't really meant to stop people from gambling. It's more about keeping the money flowing. It doesn't matter what they do; people will always find ways to get around it. Healthy gambling is about personal responsibility, not government restrictions. Take a look at e-wallets, bank transfers, and other ways to pay. Online gambling isn’t going anywhere. The industry always finds a way (and even become better)

Things spiral out of control when gamblers have their judgement clouded due to the sheer amount of losses they have incurred. Majority of these gamblers also experience what we call "gambler's cycle" wherein they tend to recover their gambling losses by gambling again. This creates an endless cycle of them winning/losing, ultimately losing money in the long run.


No matter how many laws may be implemented, if a person is truly hungry for gambling, they will definitely find a way to continue. I guess the best of course of action may be providing better execution of laws and prohibitions to prevent these from happening.

Plus if it's going to expand an illegal gambling cartel's financial capabilities, the money could find its way back to the policy-makers and cartels could expand their political power as well. They could also buy more guns, launder more money, making those illegal businesses grow too.


That's probably who's lobbying for the move.

I'm not someone who advocates bans and I'm more in favor of everyone using their money the way they want, but it seems that there comes a time when people need to be protected from themselves. Gambling should be fun and with a sense of responsibility, but when things get out of control and someone spends more than they earn, it becomes a problem.

The positive thing here is that Australia is actually giving up part of the income it gets from taxes considering the total amount its residents spend every year on gambling, to protect them from themselves. However, those who want to gamble will always find a way to do so, despite the bans.

They are specifically banning credit cards and that's not "in general". It was never mentioned that they will ban the use of debit cards or ATM cards for depositing to online casinos.

Try to look at it from this point of view - the bill won't stop them but at least it would force people to gamble money at hand instead gambling on credit. That means it could prevent these gamblers from drowning into more debts because they could not pay their credit cards. Good thing you mentioned withdrawing money from ATMs because that's essentially the purpose of the bill the way I see it.

Maybe because if many people use credit card in their gambling spree it could harm the banks, and maybe they are also care for the gambler when using credit card even though cc has a limit still they can still play at high amount but the thing is there will be an interest when they use that instead of cash and also the banks could be affected when these gamblers cannot pay them anymore.

That's a lot to ignore and for sure the government of Australia wants to help their citizen with regards to this, or else banks will benefit a lot from this and their financial cycle will not be balance. At first, I thought this rule applies to every bank since our local bank strictly prohibit this kind of transaction though you can still proceed it but later on if the banks find out your purpose of transactions, that is the start of their investigation and your account will be in trouble.