Online wagering service providers are banned from accepting credit cards, credit-related products (e.g. digital wallets) or digital currencies (e.g. cryptocurrency) as payment methods. These requirements commenced on 11 June 2024.
This brings online wagering in line with land-based gambling regulations, where credit card use is already banned.
The Australian Communications and Media Authority has responsibility for overseeing compliance with the credit betting ban.
Companies who fail to enforce the ban on credit cards, credit related products and digital currencies may be liable for fines of up to $247,500.
The effectiveness of this ban will be reviewed within 2-years from commencement. This will be undertaken by June 2026 to ensure the ban is operating as intended.
Find out more
- Interactive Gambling Amendment (Credit and Other Measures) Act 2023
- Australian Government Response to the Parliamentary Joint Committee on Corporations and Financial Services Inquiry report: Regulation of the use of financial services such as credit cards and digital wallets for online gambling in Australia
- Media Release – Albanese Government delivers credit card ban for online wagering