Australian Bill Aims to Display Gambling Losses to Users
Australian politicians are pushing for a new law. Specifically, it would require online gambling platforms to show users their losses. Consequently, the bill seeks to increase transparency and help at-risk individuals.
Bill Requires Visible Loss Statements
Independent MP Rebekha Sharkie introduced a bill on February 10. Formally, it’s called the Interactive Gambling Amendment (Know Your Losses Activity Statement) Bill 2025.
If enacted, gambling sites must prominently display losses. For example, this includes monthly, yearly, and total losses since joining.
Also, the font size must be at least 10 points. Supporters say gamblers underestimate their losses. This is because they often don’t review monthly reports from betting companies.
MPs Highlight Gambling Crisis Impacting Young People
Sharkie stressed the bill needs minimal government action. Therefore, it could significantly reduce financial and mental health issues.
In particular, she noted young Australians are vulnerable to big losses. Martin Thomas, from the Alliance for Gambling Reform, called it a “growing crisis.”
Furthermore, he cited stats linking gambling problems to suicides. Thomas blamed poor safeguards and aggressive marketing, as well.
Targeted Ads Under Scrutiny
Independent MP Andrew Wilkie raised concerns about targeted ads. He said firms exploit algorithms and data to tailor ads. Indeed, they often target at-risk individuals to increase betting.
Wilkie argued this prioritizes profits over users struggling with addiction.
Government Faces Pressure to Act on Gambling Reform
The bill intensifies pressure on Communications Minister Michelle Rowland. She’s faced criticism for inaction on gambling regulation.
Previously, proposals to restrict gambling ads were dropped. The bill follows the 2022 Murphy Report. It advocated for comprehensive reforms, including a ban on betting ads.
However, the Albanese Government suggests changes will wait until after the elections. Otherwise, non-compliance could result in daily fines.
For instance, criminal offenses could face 500 penalty units. Similarly, civil violations could face 750 penalty units, multiplied by five for companies.
Finally, businesses get six months to implement changes.