New Solution to Address the Problem of Gambling in Australia.

[Lanatsa]

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.

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.

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.

[1715273479]

1715273479

[goinmerry]

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.

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.

[minime0105]

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

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.

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.

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

[tabas]

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.

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

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.

[PX-Z]

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.

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.

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.

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.

[n0ne]

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.

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

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.

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.

[harizen]

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.

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.

[nullama]

Australia has a huge issue with gambling:

Over 80% of Australian adults engage in gambling of some kind, which is the highest rate of gambling in the world

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:

The Act is targeted at online gambling operators, making it an offense for them to offer 'real-money' online interactive gambling to residents of Australia. It also makes it illegal for online gambling operators to advertise 'real-money' interactive gambling services (such as online poker and online casinos) to Australian citizens.

[tabas]

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.

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.

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.

[Sanitough]

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.

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.

[milewilda]

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.

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.

[Cookdata]

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.

[Wakate]

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.

[lalabotax]

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

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.

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

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.

[libert19]

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.

[nullama]

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.

[ethereumhunter]

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.

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.

[Peanutswar]

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.

[milewilda]

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.

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.

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.