There are calls to ban the use of credit cards in online betting platforms over fears they are causing irreparable financial harm.
Australian senators have heard impassioned pleas by financial counsellors and gambling reform groups to ban the use of credit cards for online betting.
The use of credit cards for online wagering platforms like Sportsbet could be banned if the proposed Interactive Gambling Amendment (Prohibition on Credit Car Use) Bill 2020 passes.
A Senate committee heard submissions on Friday as it prepare to hand down its recommendations.
Under the Bill, its suggested Australia follow the United Kingdom, which banned credit cards for all forms of remote wagering last year.
Proponents of the Bill say the ban would ensure…