To help police the prohibition, the bill additionally calls for an expansion of the Australian Communications and Media Authority’s powers and allow the regulator to hit uncooperative financial institutions and operators with individual penalties of up to $234,750. Ratification of the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 would also ban punters from using digital currencies such as Bitcoin to pay for online gambling or sports betting. Passage of the bill by the Australian Senate and its subsequent assent by Governor‑General David Hurley would officially incorporate online betting sites and apps into a credit card use ban that has existed for land-based venues including casinos since 2000. Introduced into the 151-seat house in September, the legislation is an effort by the Labor-led government of Australian Prime Minister Anthony Albanese to implement recommendations contained within the 2021 inquiry from the Parliamentary Joint Committee on Corporations and Financial Services. Known as the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023, the measure was ratified by the Labor-controlled Australian House of Representatives on Tuesday and is now scheduled to be put up for debate before the Australian Senate. New legislation that would prohibit gamblers from being able to use their credit cards to place wagers online or via mobile apps has been ratified by the lower house of the Australian parliament.
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