{"id":626305,"date":"2025-02-13T12:56:25","date_gmt":"2025-02-13T12:56:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626305"},"modified":"2025-02-24T00:04:39","modified_gmt":"2025-02-24T00:04:39","slug":"australian-lawmakers-push-for-real-time-gambling-loss-updates","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/australian-lawmakers-push-for-real-time-gambling-loss-updates","title":{"rendered":"Australian Lawmakers Push for Real-Time Gambling Loss Updates"},"content":{"rendered":"

New Bill Seeks to Increase Transparency in Online Gambling Losses<\/h4>\n

In Australia, legislators are advocating for new regulations that would make online gambling<\/a> more transparent. Their goal is to require betting platforms to display real-time updates on financial losses, ensuring that users are aware of their spending as they gamble.<\/p>\n

Independent MP Rebekha Sharkie is leading the push for these changes, believing that they could assist problem gamblers in tracking their financial losses more effectively and potentially curbing destructive gambling habits. The proposed law, officially named the Interactive Gambling Amendment (Know Your Losses Activity Statement) Bill 2025<\/em><\/a>, was introduced in Parliament on February 10. If enacted, it would mandate that gambling websites prominently display three key figures at all times: a player’s losses for the current month, total losses for the year, and the overall amount lost since they registered on the site. These figures would be required to appear in a clear and legible manner, with text no smaller than 10 points, ensuring visibility for all users, according to reports from the Australian Associated Press<\/em>.<\/p>\n

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The Member for Mayo @MakeMayoMatter<\/a> has introduced the Interactive Gambling Amendment (Know Your Losses Activity Statement) Bill 2025.<\/p>\n

ℹ️ To find out more, visit: https:\/\/t.co\/Gb1bSoQXjE<\/a>. pic.twitter.com\/12DWPv73jQ<\/a><\/p>\n

— Australian House of Representatives (@AboutTheHouse) February 9, 2025<\/a><\/p><\/blockquote>\n