Last updated on July 10th, 2019 at 11:33 pm
Victoria implemented new laws that prohibit free bet offers from sports betting companies. In fact, the new rule requires players to opt into marketing campaigns. Also, the government will roll out stricter regulations on online gambling next week. It is the result of the agreement made by federal and state gaming ministers to prevent gambling addiction.
Known as the National Consumer Protection Framework, online bookie pay per head providers are not allowed to offer free bet, credits, vouchers, or other deals that encourage consumers to open a betting account. Often, customers can’t withdraw winnings from free bets. They can only use the winnings from free credits to continue betting.
Other new rules include not allowing direct marketing promos through text messages. Customers need to opt into marketing promos to receive messages. Also, sportsbooks need to provide user-friendly tools for gamblers to close their accounts or set their betting cap.
Stricter Rules on Free Bet and other Gambling Promos
The Australian-first policies will make rules on online betting operations stricter. In addition, they empower consumers to make better decisions. Victoria encourages other territories and states to follow its lead.
Victoria is the first state to implement the national framework. It will take effect on Sunday. However, there’s no timeframe yet as to when other territories and states will introduce the new online gambling standards.
New South Wales is waiting for legislation to implement the national framework in the state. According to the state, it has the strictest restrictions on gambling. It includes a complete ban on gambling. Breaking the ban will result in a fine of $55,000.
Online gambling is the fastest growing form of gambling in Australia. As a result, lawmakers are concerned because of the lack of protections for online gamblers. The new framework is the start of improving quality of life for online gamblers.
It is important to know the National Consumer Protection Framework if you want to be a bookie in Australia. Also, make sure you follow local laws to ensure the business runs smoothly.
