Online gambling ‘loophole’ to be closed with credit card ban

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Online gambling ‘loophole’ to be closed with credit card ban
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For decades, gamblers weren’t able to use a credit card to gamble ... except online. The federal government is moving to change that.

New laws will be introduced to ban the use of credit cards with online bookmakers such as Sportsbet and Ladbrokes, closing a decades-old loophole in the country’s gambling regulation.

“It’s as simple as this: people should not be betting with money they do not have,” Communications Minister Michelle Rowland said.Advertisement Under existing rules, customers can still use debit cards or a bank transfer to deposit money into accounts. , Australian Banking Association chief executive Anna Bligh reiterated the banking industry wanted to ban the use of credit cards.

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