This week Australia's House of Representatives voted to pass a bill that would make it illegal to use credit cards for online gambling.
The bill is officially known as The Interactive Gambling Amendment (Credit and Other Measures) Bill 2023, and was introduced to the House in September. In addition to banning credit cards for gambling, it also bans the use of digital currencies to fund betting.
Licencees that don't follow the law would face fines of up to $234,750 AUD, and enforcement of the law would be handed off to the Australian Communications and Media Authority. There'd be a six-month transition to allow for operators to come into compliance.
The bill will now head to the Australian Senate, where it'll be debated and voted on. If it passes there, it would have to go through royal ascent before it can go into effect.
Major support for the bill was given by major gaming operators in the country, including Entain, Betfair, and Bet365. Some larger banks and other financial institutions have already implemented their own bans.
Casino Listings News is following the process of the bill and will update readers as it heads to the Australian Senate.