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Sportsbet, an Australian betting giant, has said that it will support any move to prohibit the use of credit cards for gambling. The operator said that this type of payment method promoted a “play now, pay later” culture which was detrimental to the well-being of players and consumers. Here is a summary of the news below

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

Proposed solution: Responsible Wagering Australia is putting forth a new interactive gambling legislation should block operators from offering credit cards as viable payment methods.

The Challenge: If this legislation is implemented, it would also affect lottery tickets, which would not be purchasable through credit cards anymore.

How Sportsbet is working to address the problem - They are building a “real-time intervention” solution that will allow it to leverage the power of AI to quickly predict customers’ daily deposits and send alerts when the depositing amounts begin to climb up too rapidly.

What other solutions can you think of?

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Read the full news here (https://www.gamblingnews.com/news/sportsbet-urges-for-end-of-use-of-credit-cards-for-gambling/)

Are lottery tickets in Australia bought in the same place as other things in stores? I know for the UK that would be less of a problem (if credit card users get points from spending in a grocery store) as lottery tickets are generally sold at a different desk (along with cigarettes and other age restricted products - excluding alcohol). So I don't really see how it might be a problem, except for smaller shops.

I think gambling with credit cards was quite a big thing to stop and it's good there's legislation for it.
Data sharing between gambling providers would probably also help for determining if someone is gambling much more than normal and should take a break/be moved to a slower interface - if only one provider has that, there's nothing stopping someone addicted to gambling to just change sites unless they're already using most of them and all have the same features.

why did they even allow credit cards as a payment method on a gambling site in the first place? this "play now, pay later" culture would not have happened if they did not allow gamblers to credit cards when gambling.

I agree with this.

I am confused as to why this would be a "challenge".

I like this.

crypto. best way and something that can be deposited instantly with the minimum risk. coins are received without the need of 3rd party,

credit card users are getting lesser. people are not paying their debts anymore. with so many companies laying off, the credit cards are abused to buy the supplies at least it saved the jobless. they need the supplies.

I think it's a good idea. Anything that helps to curb people who get out of control with gambling and end up losing much more than they can afford, even if they are in debt, is a good thing. Although it seems to me that with the ease of credit today the effect will be small. Nowadays many people have a pre-conceded personal that with two clicks on their cell phone they get the money in their account. Or instead of spending the credit card you can spend all the money you have in the casino and then pay the month's expenses with the credit card.

I have already said that I think it is positive but it will not be a panacea.

They are very considerate to be willing to support the move to prohibit use of credit cards. very thoughtful as we will not find many betting platforms willing to be in support of such moves.

"Play now, pay later" culture  is a dangerous culture to cultivate, you will finish any money you are expecting before it even comes. What it means is that you will never be debt free if you let the culture become a part of you.

It sounds like they're waiting for regulation. What's stopping them from banning creditcards from their site by themselves?

I agree with the suggestion from @electronicash that crypto is a solution for gamblers to play gambling. And even though gamblers can still use a debit card system or transfer method, crypto is still the best because it doesn't work through banks and gamblers can control their spending on gambling.

For lottery purchases, they can still use a debit card or transfer as I said before. So there won't be any significant problems for gamblers so they can still bet online. I also don't agree with using a credit card because if we don't have good self-control, we can have problems paying when it's due later.

Ban credit cards directly huh? Nice try but a band aid solution. These regular gamblers will still find a workaround for that. They can buy USDT on an exchange accepting credit cards and send it to a crypto gambling. It's a longer route but still bypasses the restriction.

Such a bold move by the platform. Usually, these giants are the ones who are always going to say no to any recommendations and/or regulations that might affect their operations and their profits. It's rare to see something as big as them supporting any move to help with the well-being of their players genuinely. Credit cards being accepted in gambling platforms is, IMO, a very negative move because it just promotes more borrowing and less paying for gamblers that are always chasing their losses. Imagine the number of problematic gamblers declining if credit cards are disallowed on such platforms.

I really believe that a government should not get involved in this type of business, the solution that occurs to me is very daring, and quite fresh, but I do not know what the laws are like in Australia, but if that happened in a country like the one in alive, the people and owners of the casino or the platform must seek an audience with the government representative to speak, to negotiate, here a casino is known to be a very good business model, a good agreement can be reached with the government and regulatory entity to let them continue doing what they normally do and with the solution they sought so that everything continues ok, that is what would occur to me.

Not definitely the solution but it will contribute a lot to reducing gambling addiction and keeping them away from heavy debt that will make their finances totally broke. So I’m very optimistic on this proposed solution that it will be very effective in the long run. Using credit card is good when it comes to fund for emergency cases, but definitely not for gambling purposes.

If credit card users are lots then pretty sure this one would really be having that significant effect since it could really decrease up those numbers of users but for those addicted ones then its not
the absolute way for them to stop since there are other ways which they could still really be able to play without using those credit card.They would rather still apply for a loan
or would really be making out some balance conversion out of their credit limits which is really that still possible.If they do find out that it is becoming a huge
problem then why not totally ban out?  :D

Probably this can only be applicable to physical casinos but if we are talking about online here, I agree on this one. Gamblers have to remember the risk of using credit card especially if you are going to use it for your gambling activities, borrowing money for gambling is not good at all. Even if you can pay it on time, you might still experience bigger problem with your credit card, the solution here is more about self-control.

For me, it could be a good solution but the effect will only be little by little. Prohibiting the use of credit card is profitable not on the part of the gambling casino but on the gambler alone. A lot of gamblers right now are very confident to gamble even with small amount of pocket money because they don’t rely on their cash but more on their credit cards. So this just fit for all gamblers, only spend the amount you have onhand and never gamble relying on debt.

Gamblers will always find a way to get the funds and do gambling, did you know that credit card also have a feature of Cash Advance limit? So the gambler can easily cash out and use it for their gambling activities, this is how greed works.

The best solution here is for a credit card company to monitor every transaction of their holders and never allow them to be used on any casinos, but I’m doubting they will do it simply because they are making a lot of money on every transactions.

Honestly, that's a good solution already to have it remove having like the edge of the sword the credit card users and at the same time gamblers. Having that interest to pay and a loss on them would be hitting them hard for sure.
As they remove the credit cards as a payment gateway, they can just have the traditional method of cash or bank transfers plus having bitcoin to be supported by the casinos there.

^Not of all exchanges probably, wallet or exchange platforms are the same, especially if they are centralized exchanges, you are prohibited to link your exchange account or centralized wallet account to any gambling platform. I have done this in my local wallet, they are rejecting any of my transactions that come from the gambling casino. However, they are too many ways to fund your online gambling casino, unlike the off-shore casino.
If you can purchase BTC anonymously, this will probably be the best solution ever.

Banks would never be considering on having those blockage or prohibitions because spending of your credit limit would always boils or falls down on someones decision which means that they do know

the terms and conditions which whatever or whenever they do make use of their cards then its their responsibility to pay it up and if not then this is where interest would really be piling up

and this is where they do indeed make money and they dont really care if you do spend it out on whatever things as long you do obliged yourself on paying it up.
If not then you do really know the consequences.

This initiative will limit a lot of gamblers that are relying on their credit cards to bet.
Maybe, their government has been seeing a lot of problems owed to the usage of credit cards in gambling.
Definitely, heavy debts from financial institutions and other related consequences owed to this situation.
This will give the option to the gamblers to just use the money what they can afford to lose by using their cash or debit cards.
Maybe these credit card companies are also having their hard time getting the payment even if they are getting the interests from these people.

Self-control is the key, but we know as gamblers we hardly find it hard to control ourselves once we are in the verge of gambling. So I am very positive that this banning of credit cards will gradually work in the long run. Although as gamblers we should also be responsible of our own finances, but prohibiting the use of credit cards could be very helpful from keeping the gamblers away from falling into debts.

I had to read this multiple times and still cannot understand why exactly gambling with credit cards is more high risk than gambling with cash, for example? If a gambler has a huge gambling problem, up to the point that his life is turned upside down and he needs to take a loan out, he will not be saved by having been denied a credit card. More tempted? Sure. But people who reach that low point are not going to be hard to persuade to do something stupid.

There is for sure a reason why they've taken a decision to do this because of some metrics that their government has seen. And they have to do something about it or else many will suffer from getting the debt and losing it to the casinos there.
That's why it's a good step but whoever can think of a better way for them to help these people but at the same time won't compromise the business of legitimate casinos there, that's much better.

This is a good development as well as initiative, and I am happy that sportsbet, a casino well known on this forum is the one taking the bold step to see that this is achieved, and not just the government.

I can tell us all that from the news I read recently about gambling in Australia, the rate of gambling addicts and suicide resulting from gambling abuse is so alarming, it was about time that something needed to be done, and I must agree that putting and end to the use of credit cards for purchase of bets and gambling will go a long way in reducing the crime rate resulting from gambling in the country, this won't completely solve the problem though, but it is a good step in the right direction.

Most regulation I have seen closes doors and opportunities for businesses and consumers. This is the type of regulation I don't support. As an american I would like to use fantasy sports platforms like fanduel or draftkings. But can't. Due to those being banned by regulation. As an american, I would like to trade crypto on a platform with leverage. But can't as it is banned by regulation. Crypto spot ETFs banned by regulation. A lot of fun, cool and profitable things are banned by regulation.

China's deregulatory model is a better approach for creating jobs and boosting GDP. If there is anything the west can learn from china, its that many of these regulations are unnecessary and create market inefficiencies which decrease our own standards of living.

the real solution to be adopted should be cultural and educational because the problem in itself is linked to this wrong approach. Legislation Is the first approach but I am not sure this is enough.

Australia is always forward thinking with social policies, I think if you know them from other initiatives you can be pretty sure this Is an example of strategies that can e adopted even at a global level.

They created the problem in the first place that's why prohibiting the use of credit cards in gambling should be enforced by these gambling operators.

I also don't see why gambling sites should do that where in the first place, it will obviously lead to a disaster. More of a greed type for me.

But as far as I know, there are banks that prohibits the use of their credit cards in gambling service. In that case, though, looks like all banks there in Australia are gambling-friendly and they allow any type of transaction e.g gambling, etc.

What would you expect? They are businesses which they would really be trying out their best on integrating all of the possible options on which a gambler could make out a deposit since they are really after on

making revenue or profits which it is understandable that they would be allowing credit cards for that.They dont really care on their users condition or in speaking with gambling addiction.

They wont really care as long they do make money and that whats important.Now that they are trying to find out a solution then it wont really be correct on suing out those credit cards or simply with banks
but rather making those gambling operators do stop nor prohibit that cc option.

That is already a sign of gambling addiction, being able to do things out of his character and out of his control. However, I do believe that depriving those gamblers from using their credit cards will also bring a positive effect and will lessen the risk of seeing them being addicted to gambling. But for other gamblers who are unstoppable and seem to freak out once deprived from gambling, the said solution will not be effective anymore. Those types of gamblers should be banned by all means, otherwise they will end up being harmed or they will cause harm to other gamblers in the casinos.

I see this with good and bad reasons...

First, that Sportsbet's reasons are valid, as many people still do not know how to use their credit card wisely and responsibly, and when it involves gambling addiction, this ends up becoming a real economic disaster for players.

On the other hand, people who consciously use credit cards already have the habit of using only this modality because with this they accumulate various benefits such as cashback, points and miles with their banks. So, prohibiting them from using it could be a big setback and even make these players stop using a certain site and migrate to the competition.

I believe that Sportsbet should adopt a model of conscientious use... players who already have some "reputation" on the site and who play frequently should have a higher "limit" for using their credit card. While new or sporadic players should have a lower limit or even blocking this type of payment.

I think such move is a big step towards creating more responsible gamblers. I know everyone is entitled to their own choices and lives but intervention like these are very helpful in preventing people who have lost their control to finally get back on the driver's seat of their lives. Credit card gambling may seem miniscule to some but this is one of the biggest reasons why addicted gamblers eventually lose all their money in the process, especially in poor to middle-class families. Hope something like this gets onboarded not only in Australia but to countries where risks of getting in too deep into gambling is fairly common, Thailand and US for instance. I think lottery tickets being included in this imposed ban isn't overkill as well but a necessary addition.

I don't think there are any other possible solutions since the problem itself is with the usage of credit cards, as Op have said. Any solution brought about would require NOT using credit cards anymore since you'd either be using an alternative, or you'd just outright ban it, which basically leads to the same result (which is good in the context of the problem imo).

As for Sportsbet's solution, I highly doubt it'd be useful. Alerts are just that, alerts, they are easily bypassable and don't actively do anything to stop a gambler from going past a certain amount. If they instead set up a system where the account is locked for a set amount of time after a report from their AI was sent, say maybe 10 minutes or so, it'd probably be more effective than alerts.

If the problem, in general, was users depositing "too much" in a set amount of time, what I said earlier about a lock would probably be for the best. Ofc it can easily be bypassed by switching accounts, but that's another issue altogether imo.

   You are right in saying this, so most gamblers do not get to control themselves when they are playing a casino, especially when they experience frequent wins.

In addition to that, I also don't think that cryptocurrency gambling platforms will allow them to remove credit cards when it comes to making a deposit transaction, which is the only thing gamblers can do to exercise self-control, they should train themselves not to carry any debit card or credit cards to avoid to use the budget they have in which is alloted for the other things.

it's great preventing people from going into debt from credit card bills just because it stops them when they get out of control from gambling and spending a lot of money but that way is actually easy to solve by buying crypto on exchange sites with credit card then depositing crypto to sportsbet i think payment crypto could be the solution

there's alway a solution and for sure those addicted to gambling can make a solution for that as well to keep going their habits.  For me i think much better to put limit on every users in exchanges especially if they can detect that the address is from gambling platform so for sure it will work to solve the problem especially those countries that really spending too much money in gambling.

There are no credit cards for Bitcoin payments, so the easy solution will be to only accept Bitcoin as a payment option. In reality this will not help at all, because people will go buy "items" legally with their credit cards and then they will go to a Pawn shop and sell those items and then use that money to gamble.  ::)

I would rather ask for regular "Proof of income" and then based on that, determine what percentage of that.... people should be allowed for deposits. (I know that might be controversial too, because then governments tell you how to spend your money... but if a "problem" gambler are identified... methods like this, might be the only workable solution)

It's a good idea to avoid bad financial problems for the users, because maybe they can't control themselves so when the credit card has not reached the limit they will continue to use it to gamble, and many other casinos should do the same even though the players will try to find ways to play with their credit cards because no system works perfectly, most of them can only reduce it.

In my opinion, the initiative to ban the acceptance of credit cards in gambling establishments is simply useless. Any sane person understands that.

I can easily buy cryptocurrency from a credit card and convert it to cash or gamble using the cryptocurrencies received.

This kind of initiative is really just for PR and nothing more. Such initiative can restrict from gambling only a person who does not use Internet and cryptocurrencies and has no desire to develop his skills to bypass various blockages of the state. But fortunately, there are fewer such people.

Would be impossible for such thing to happen. Ehy would they limit transactions because of a possibility alone?, Better solution is not to use credit card directly to avoid linkage between the bank acc and gambling platform especially if it is crypto based. For sure there are credits or tokens being used in order for a player to play , so there's really no need for using it directly. In such way, the fiat amount converted into that certain token and your fiat would be safe from being accessed by the gambling casino. Checking as well the credential and reputation of a gambling casino would surely lessen the worries of players.

but china also banned people from their country from using cryptocurrency exchanges, i wonder if people from china can use cryptocurrency casinos? it seems to me that they cannot use cryptocurrency casinos, most governments restrict people, they make laws that are somehow meaningless, because the people who make these laws do not do what they are approving, they have no practical experience of what they are approving then at the end of the day just have assumptions and they make laws based on their assumptions. for example in this case it's credit cards, I believe they haven't even done any research to determine how many people use credit cards for gambling, they've just passed laws based on the assumption that people will misuse their credit cards with gambling


most of these people who pass laws don't seem to think, that's why I said they don't even do research, they don't do tests themselves to see to what extent what they will prove will be good or not, you set a good example of how useless was the approval of this law, people can use a credit card to buy cryptocurrencies and play and that means that they are using a credit card to play, each person is free to do whatever they want with their money, it makes no sense for a government to determine how people should use their money

I agree that casinos will eventually ban or block users who want to use credit cards to gamble because of the high risk that gamblers can get.
This is a way to control so that people don't become addicted and don't use more money than they can afford so they only gamble with a certain amount of money.
But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money.
And it is a concern of the casino to keep problems arising from gambling and it is hoped that all gamblers who play on their site will understand that this is for their own good.

I don't think the problem is only about credit cards. Most of the casinos have a list of banned countries and in most of them there is Australia. That means your account could get locked if the site asks for KYC and you provide Australian credentials. So, is not only a risk on the bank side, it's a risk in the casino too.

As soon as they attempt playing on credit they will be notified or spot this alternative is unavailable on gambling websites.

I think the measure is a good one, because it's useful as an extension of the initial gambling guideline of "just play with money you can afford to lose". In this case of credit cards it is "don't play with money you don't have yet".

It will help gamblers to not lose control of their finances. Only those who have credit cards with high limits rates know how tempting it is to use the credit.

There will be illegal gambling operators who will continue to offer this kind of payment methods. It's not possible to block them all but I think the blocking will become more effective if it came directly from the issuer of those credit cards or to the banks. It's possible for them to monitor the activity of the card holder right? Once they spot a transaction which is related to gambling they need to do some punishments.

I don't know why it's consider a challenge for them when the lottery are affected on this propaganda. Is it because lottery is government based and this is helping in the economy of one's country? Lottery drawings doesn't happen often so it isn't addicting as other fast paced games. They can make an exception on this one.

Most of casino in the Australia targeting the ban into their city. After you do verification to the casino, if you address belong to Australia. You will be eliminated from the list. So it’s feel like insecurity after the ban. It’s better to check the website allow or reject the Australia kyc. If it’s okay, then use that website to earn some good money from it. When you begin to use gambling site, check it belong to Australia. Because most of the websites in the Australia will ban and all your funds will be freeze to the wallet.

So it is we that is gambling with cryptocurrencies that is not play now pay later? I have my crypto and I can use it to easily fund my betting site account, which means no difference. The difference is just that people that are using crypto is far less than people that are using fiat. I do not see what Sportsbet is heading up to than discouraging fiat payment while want to make crypto payment to be dominate because many other ways for fiat payment are annoying and not easy like paying with a credit card.

Even though they have a credit card with a high limit rate, that doesn't mean they can use a credit card because it's not worth the risk they will get if they lose.
Maybe it will be fun because they can deposit more money, but if they could think that they have to pay for what they use, surely they will not take the risk.
We have seen that credit card bills can increase along with using a credit card, making it difficult for us to pay later.
So, in this case, we should not even try using a credit card because many have had that bad experience.

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

It's going to be hard to break that cycle TBH.

I knew a friend that was addicted and deposting using credit card. He even set deposit monthly limit to be low, but as he gamble and lost, he increased it and within 24 hours he can deposit more mooney. He told me when he knew gambling has been a problem for him, what he did was that he quit gambling for over a year and destroyed his credit card, he only used his mother's credit card for withdraw at the time. Discipline starts from within, government do not care.

Not sure if I understand it correctly, the sports betting problem in Australia is that people bet more money than they can afford to lose? This is among the biggest mistake anybody could do when it comes to gambling or investing. In both cases there is a lot of risk involved and no guarantee to make money. That's why it's advisable to only use money that we can afford to lose. To me this sounds more as a banking problem than a gambling problem, and of course people need to be more financial responsible. I don't understand why credit cards are still so common these days where you only see the money you spent at the end of the month. I also have a credit card, but only for emergency and I never really use it. The fees and interest on credit cards are way too high and should be avoided as much as possible. I only use a normal bank card that gives me a notification within 2 minutes of using it and shows me the amount. On my phone I can check my balance anytime and don't need to worry about spending more than I have. I think the best solution would be for people to use more modern bank cards and limit their overdraft possibilities.

Having a credit card to gamble will only tempt more players to gamble even without any scent. They will be able to bet using borrowed funds and might just disregard the warnings that the bank will send them. I agree that self-discipline should come from within and the government as well as the casino wouldn't mind whether you spend too much in gambling. That's actually beneficial to them since they're earning from you. It's just a matter of self-control because temptations could always be everywhere but you should be firm not to fall for their trap.

There's no way that this  problem could be easily be solved out other than on totally disallowing those CC's to be used on gambling sites but just like as said that banks wont really be stopping out
on whatever spending or purpose you do make use of those cards since it would really be beneficial for them and they do know that they could make money from it, which means the
main issue itself is on about on the card holder itself which self control and discipline is really that crucial if we do talk about credit card usage.These things are just only good
for emergencies and not for your leisure times which it would make things even more worst.

I also will stand with the government and also the management team of sportbet and also commend them for even Make an attempt towards this very move because gambling on a payment which seems you can gamble on credit is a very detrimental situation and needs to be looked so much into because there are possibilities of customers and gullible citizens gambling with the hopes of winning some money to cover up all they have spent trying to win and at the end of the day, they lose so much money they haven't even gotten and the state of depression start trolling in and possible suicide attempt will be the next option of such a person and I'm glad for this bold step by both government and the governing body of the sportbet team.
I will also suggest that a strict amount should be fixed for maximum bets

I do think that credit card payment is the problem, it is not the problem. The problem is that gambling is not well regulated. Regulation may deiffer from country to country, but in all countries that gambling is allowed, the regulation is not enough. The more it is getting enough, the more the regulators will make citezens not to have privacy which is another downside. If the government can make more laws, not allowing those that are not having job not to gamble and those that having job not to use more than certain amount in percentage of their weekly salary to gamble, it would be better, but that seems more like a prison and many people will against it.

some people will still find alternatives to credit card while some people may go for having more bank accounts for deposit.

The last statement on suggesting a strict fixed amount of money for bets is ideal, because then one can fight the temptation to go beyond a certain limit which in turn helps curb the addiction.
Gambling is more or less psychological, and these bettors may come with the intention of making a little bet, but end up using more than bargained for.
The move by the Australian government is sure going to be helpful as well as other betting sites may adopt this if it proves successful with sportsbet.

Gambling by taking funds off a credit card is one of the biggest reasons why gamblers who have got themselves addicted eventually go to debilitating debt. The fact that the australian government is already taking precautions to prevent their citizens from being subjected to this is a good thing and is indicative that they are taking this seriously. Anyhow, serious intervention against gambling addiction must be taken, because it's one of the biggest problems that our society right now faces. It's less about the relief or a "sense of ease", but the fact that these gambling addicts eventually rely on the credit cards solely to fund their addiction is the main reason why actions like the abovementioned are taken. Although in hindsight this may just push them to riskier ways to get money, like committing crimes, taking a loan from a loan shark, or others. This is why intervention against all types of addiction, with special mentions to gambling because that is the main crux of the matter, must be taken, because as it stands today people who get subjected to that kind of problem have little to no option.

It really is a high risk which is why some casinos offered it, when Cryptocurrency is not yet in existence and gamblers can play using bank and credit cards many become in huge debt because it's hard to stop when you have a credit line.

They can only do that at local casinos but at international casinos, they can request them to prevent their citizen from using their credit card.


This is already a good solution and will have an impact on gamblers in their jurisdiction but concentrating more on educating their citizen on the harm of gambling is still the best solution.

they can always try this strategy and will learn from this action also. in the future, they can modify a lil bit and find other possible ways how to help their people getting addicted to gambling. it is a process of knowing and learning how to assist addicted gamblers. but also, these gamblers should also help themselves. it is by any means one-way support here. both should agree that there is really a problem that needs to be addressed.

This is how gamblers started to indulge in gambling and become addicted to the play-now-pay plan, gamblers are known to chase their losses when they lose control of themselves and if they have a credit card at their disposal they will continue to gamble until they are debt-ridden

With the introduction of Cryptocurrency, gamblers are gambling on money that they have and not on money that they are not yet holding which credit card is offering.


This is a good step and should be implemented by other countries who are concerned about the welfare of their people, credit card is a big temptation for indulgent chronic gambling and credit card are two bad combinations.

It's nice to see them taking action, trying to stop gambling problem but this will only limit them. With crypto gambling booming, the problem will always be there. There are still crypto gambling sites that doesn't implemented KYC and you can easily used a VPN if your country is banned but still kudos to their government. Tbh, I can't think of any better solution with the technology we have. Illegal operators, as well as players will always find a way.

As long as what you are doing is legal I have never being in favor of the government telling you what to do with your money.

However I will say that I agree with prohibition on the use of credit cards to gamble, and that is because the money in the credit card is not yours, it belongs to the bank and as such they must have a say on which kind of stuff they are willing to let you buy when you borrow some of their money, however I would like this kind of law to apply not only to gambling games but to other products like alcohol, so people cannot buy them unless they are paying with a debit card or with cash.

credit cards make everyone in eternal debt, and users will find it difficult to let go of the habit because it is addictive.  for everyone, you should stop using your credit card to buy things because it's not your money, and also for gamblers so don't cash out your credit card just to deposit your gambling account, you won't be able to get it back when you lose.

This move is going to lessen the gambler in Australia which i think they are not scared of. But it is a good move by the government and the casino owner as it could lead to debt, also the method that the casino owner doing (sending alerts when they deposit much higher) is can still be bypassed by those gamblers but the law is not so it is better to implement that law. I know a lot of gamblers wouldn't agree with this but this is for their own good

I definitely agree with your statement.

The feeling that a person has the power to spend due to credits is just potentially dangerous. They can definitely spend their month's savings in a day of gambling depending on the circumstances. Such kind of action is significantly detrimental not only to the lives of these gamblers but also to the credit company in realizing their payments. I hope that Australia becomes more proactive when it comes to solutions in dealing with gambling addiction.

This is a good initiative, credit card credit is a big temptation not only to spend but to gamble and gamblers love to gamble until nothing is left, they will look for funds ask for a loan, and sell their pieces of stuff but with a credit card at their disposal, they cannot be stopped until they reach their limit and that's where the problem starts, countries with high numbers of gamblers should take the lead from Australia and implement this restriction.

Those with a credit card and are allowed to use it for gambling can use all their credit without thinking about how much they will have to pay back later. This is going to create new problems for those people and I don't know, this is also a problem for the company that issued the credit card. Maybe credit card companies could ban the use of credit cards for gambling and if someone did, they would revoke their credit card license and make them pay all the fees first. This restriction is actually for gamblers so they don't cross their limits but as we know, gamblers will do anything to be able to continue gambling.

I think It is a futile attempt… It is not the casino’s responsibility to teach people smart with their decisions. The only thing the casino cares about is making money.

Let’s say they banned people from using credit cards… those people will use their cards to buy crypto  this time… these casinos won’t know if the crpyto their customers deposited are borrowed coins or not.

It is all for the show… it is bot going to change anything imo

This is really not a ground breaking concept and is already in place in many places like Europe, Australia are far behind in this respect. No doubt Sportsbet.com have made a decision that the bad press simply outweighs the ongoing benefit from the massive amount of money that they've raked in previously from credit card spending along with the massive debt that's put people in. No sensible politician could ever defend such a practice, as not only is it making casinos obscene profits, but the person afterwards is left with credit card debt which can be some of the most expensive interest rates you will pay to borrow. Undoubtedly they are trying to get ahead of the inevitable ban which should have happened long ago.

This seems like a decent solution to me. Preventing the gamblers from getting into bigger debts is crucial for responsible gambling.
However, it has nothing to do with the crypto gambling industry. I don't know anything about any crypto casinos offering a "play now, pay later" feature.
I can't think about other effective solutions(that won't make the gamblers complain). Perhaps verification via live video chat, in addition to the KYC verification. This would help for banning all the kids, who are trying to gamble on online casinos by using fake IDs. However, many gamblers  will be upset by having such feature. Another thing is that such verification must be done before the gambler deposits any money into the casino. Most casinos start the KYC verification process only after the player requests a withdrawal, which seems a little bit sketchy.

I absolutely agree with you. This decision is more like a PR campaign than a real help to gamblers who can not control themselves while gambling. In my opinion if this company really wanted to help such people, the best solution would be to open free help centers for people suffering from gambling addiction. But it is unlikely that they will do this as their livelihood depends on such people.

Any reputed crypto casino will not allow players from banned countries and some of them restricted from certain games because that is banned in such countries so don't think that you can bet and make money when laws are against it. Usage of VPN is for privacy not to bypass the ban restrictions so if you found to be violating this then your funds will be locked in the site itself.

Yeah, actually that was a good move. Imagine , a gambler is  losing his money in his game and yet the interest in the money they are lending gets higher each day. Imagine the amount of frustrations they are feeling. Using crypto is the best way of course, I want to give sportsbet a thumbs up for this, I just really don't want to have a credit just for me to play.

Good initiatives coming from Sportsbet, but it means losing some clients who prefer to use a credit card with so many casinos offering credit card credits these gamblers will just look for one that is offering credit card credits if this going to be implemented it should be a concerted effort by the regulators, the banking industry should not honor credits coming from casinos.

But what if the credit card companies based in AU allow their users to withdraw from their credit cards? Now that is a loophole that some Aussie gamblers can look at. I know it's rare for credit card companies to allow this in this day and age unless you have a good credit rating, but there is still that possibility. The effort may not completely solve the problem on the rise of the numbers of problematic gamblers in Australia, but at the least the gov't is not scared of losing tax revenues that gambling houses generate and that is something to be admired IMO.

The clients will use other ways to gamble because they are used to gambling. It's just a search for other ways to keep depositing money for gambling and maybe they will turn to crypto for gambling. Or they can still use a credit card and look for other casinos that accept credit cards for gambling. There are still many avenues for gamblers to continue gambling and they are sure to find one. This is not easy for the government and banks because if they have been gambling for a long time, they will come back to the casino and use another deposit feature.

i like their solution,, instead of limiting people to gamble they actually built a real time AI feature which limits the amount of people's deposits .. with this solution Sportsbet not only restricts people from over betting,, but also they won't lose their users, because we know that there are many users on Sportsbet who use credit cards and Sportsbet don't want to lose their users

Those AI are just intended to make out some alerts but not totally restricting those users, if we do consider on what kind of business they are running then its really that impossible that they would really be trying out to

block it out and prohibit users to play more.They would really be just making alerts but not on making out some restriction which it is really that impossible for a business like this.
Thing here is that people who do hold those credit cards should really be responsible on the first place.

They shouldnt really be impulsive when it comes to their spending because this is something that would make things gotten more worst.

If you watch very well for such crypto gambling that does not accept kyc verification you will know that they are not Standard like other casino platform, because I know that personal platform is something that we are going to use to protect the interest of our game or are formed so any platform that does not implement kyc verification that means they have things in their mind which we don't know and he is not worthy to patronize it

There are really lots of risk using credit cards, while "buy now, pay later" is really helpful for only for the need and wants but this shouldn't be included as a payment option that can be used in gambling. It doesn't differ from lending like what was discussed on the other thread which will result more problem.

Removing credit cards on payment options will have more impact as a solution for prevention of problematic gambling than the challenge mentioned. Also, it will give other payment options to be added on traditional casino, well, crypto has a huge chance to be implemented as well.

Exactly, these kinds of news are just for show to make casino look good to the public and as if they care with their gamblers on how they use their money on gambling institutions. Come on, a lot of people are using credit card nowadays and some of them are even using credit card for payments to almost anything that they need and want, and I don't think that gambling will be an exemption. Assuming they'll ban the use of credit card on their platform, people will still be able to gamble by using their credit card to convert it something else that can use to gamble.

Using up credit cards is something that really needs to have that good control or else you would really be ending up on making yourself in risk of huge deep debt which is something that we do need to avoid.

Banks wont really be prohibiting users on where they would be using up those cards whether on a gambling site or whatsoever yet they are really obliged to pay on it later on.
This problem isnt really just something can be seen a huge problem on Australia but also in other countries as well.
Gambling expenses or spending up money is indeed someones responsibility and if you arent that good on controlling yourself then you would surely face up big or huge problems.

In the first place, I don't understand why gambling platforms allow the use of credit cards on their platform. That's clear greedy on their part and most casinos globally don't even accept credit card payments for obvious reasons.

Fortunately, some credit card providers declined any gambling-related transactions and that's a good step toward gambling addiction.

But believe me, gambling problems will always be raised even without the use of credit cards.

Remember that not all own a credit card but still end up worst.

I want to really understand this if they measure they are using to gamble or credit to their gambling account with a credit card is not advisable, what measure do you think that will be very short cut or reliable for them to use other two credit they are gambling website account, from my understanding it is not necessary mean that casino platform you must credit credit it with cryptocurrency because I have seen many people who use their credit cards to fund their account

I see it as a good solution but it's main task is just to give notice and notify whoever is sitting behind those monitoring computers on how much people are depositing. It's still going to cost them a manpower for having it monitored based on how they're giving all the option for their users.
If this doesn't work, they have to go through the harder way and that's through restricting them wholly but I think that it's going to take time until we see them enforce it.

It "should be" like that but "free money" that can be used "now" will always give temptation to anyone, even me having credit card will have the same experience like that, but good thing i dont gamble with my credit card, only online shopping lol.

It's one of the hype payment option before, although it has huge risk people are so hype when credit card was introduced and implemented most marketplace, or related shop.
That's why implementing it on gambling have huge advantage to the platform, not thinking the risks behind it. And later on responsible code in gambling related law was implemented.

We don't know how precise the AI works. Manpower is not a big issue while solving problems. A casino into revenue needs to focus on developing the trust it have got from the people and the same could be done through this. Manpower usage on the needful position is a must.

On a positive note, at least the direct use of credit cards for gambling will be prohibited and that's a good action.

On the other way taking advantage of those cards in gambling is something a different case now and might be out of hand.

Either way, it's good that there are really initiatives to address the gambling problem in the region instead of doing none.

Australia has a huge issue with gambling:


I think it's fair enough that people choose to do whatever they want with their money, but allowing credit cards for gambling just accelerates the process of financial ruin so much that it should be stopped. Glad to see they're actually trying to do something about it.

It's interesting to note that apparently it's illegal to actually offer real money in online casinos in Australia:

That's why it's still needed despite the development through AI. We may not know how precise AI works but the government and the casino companies that are involved with this thing in Australia, they for sure have the idea on how it really works.
So, it doesn't matter to them whether we know it or not but the important fact is that they know how to use and utilize it just as how they're managing the casinos.

Gambling will always be around for good, and this gambling problem will also become inevitable if gamblers will always gamble without limits and caution. However, with this new solution to address this problem gambling, I believe it will really create changes and difference. Though it won’t stop gambling addiction, but at least now it will be controlled and gambling sites will also be sanctioned if they are caught still accepting credit cards for betting payment.

If there would be sanctions or prohibitions then it might able to cut-off some ways for someone to gamble out easily but as a gambler then we do know that there are other ways or paths on which someone could able to
do so then they would be definitely be doing that since their gambling interest or addiction simply does call out and as a human being then you would really be going through those options which are available.
Its not something surprising, there are governments who do really get in concern with their citizens condition and situation in relation with gambling activity which it is really a good step for them
on showing at least that they do really care up but eventually this thing wont really be the total solution.

I don't understand the effort really, except if Sportbets is not recognized and licensed, credit card wouldn't be a big treat to their betting platform. Every problem has a solution and whenever you create a new solutions, there is always a new problem that is always created, I think there is a solution to this and it's not that hard to do.

If Sportbets are trying to disabled credit cards, they are about the only ones who offer gambling service, try another bets platform that allow credit card or buy TRX OR usdt in any exchange and fund your casino which is quite OK and legally understanding.

This is why I am more interested in crypto gambling where there is no third party that will question you how you spend your money or what you are using it to do. Using a credit card to gamble is not really bad to me because inasmuch as they are licensed then gamblers are ought to gamble with whatsoever they want.
If op think this is one of the things that will end gambling issues or reduce the level of unauthorized gambling then it might have some effect on other gamblers that uses credit card to bet online.

This is really high risk and harmful enough moreover for the one that cannot manage their fund and cannot control their desire to gambling again and again even having lost from many times. Their uncontrol emotion and willingness to always gambling using the credit cad will be dangerous because people will not be aware of how much they have been spending. Although they have been aware, they will not think to be a big matter because they always expect to win in the next round. This uncontrolled financial management will make somebody to be bankrupt after getting the bills of the CC itself. Moreover if the one has been addicted to gambling without any good financial management.

Will it be able to do it? Moreover, is it only buying lotteries that are using the CC? I think even it is limited for buying the lottery, but some people will always get some ways to do that. Moreover, buying online is now easier than we think and sometimes, they are not able to be controlled again.

Using Ccs to play gambling is insanity, even if one wins, most don't quit as there is lure to win more and would lose sooner or later.

Imo only solution works for gambling is, gamble with money you already consider lost.

Absolutely, but that's from the gamblers perspective.

Casinos and any gambling company will want to have people gambling with money they don't have to maximize their profits.

They don't care about people, they only want their money, and in the case of credit cards, even the money they don't even have.

Most people forget this basic rule because they keep depositing more and more money. The temptation of gambling grows even more after they experience a losing streak and will instruct the gambler to make another deposit. And if they use a credit card, it's like they have a lot of money in stock to gamble with, so they don't think about how they can pay the bill at the end of the month. And this is what happens to so many people, so banning credit or debit cards can limit those people from making other deposits even though it doesn't limit them.

I guess one of the ideal solutions regarding this is the use of the delaying the payment method or freeze if they want to play with the use of their card they can do the same thing like having a transaction with the change which is having to freeze with the account and by that they can now easily wait until its get credited and before letting their players use those funds. This mostly happens too if you are using a cryptocurrency as a payment they created once they received the transaction ID so they know it will automatically paid and lessen the probability of getting bounced with the transaction cheques.

If you are that someone who do make use of credit cards on the time you do gamble then cutting off this kind of option would really be totally a huge thing where you cant play up anymore on having
that in mind that you do have unlimited funds but as a gambler then it wont really be that hard on finding other options for you to take and make out that kind of step where you can play again
despite that CC's had been prohibited.Just on what mentioned by some that you could really make out some cash advance out of your credit limit which does means that
its quite ineffective considering that real gamblers could really find out a way for them to play no matter what.