Understanding the National Consumer Protection Framework for Online Gambling
Online gambling has grown significantly popular as consumers have started moving away from traditional gambling methods, such as pokie machines and visiting the TAB, to betting online using their phone, computer or other digital device. In an industry that accounts for billions in annual losses from consumers, Commonwealth and state and territory governments have agreed on a regulatory framework for online gambling to hopefully protect Australians from illegal offshore gambling operators.
Stephen Mayne from the Alliance for Gambling Reform says that, while the reforms have been implemented, they need to be extended to include reducing gambling advertising as well as allowing banks to ban the use of their credit cards for cash advances.