Australia and Bitcoin gambling

If you’re an avid gambler from down under, then you may have noticed a storm brewing in the gambling scene. The news centres around intense political debate on proposed amendments to the Interactive Gambling Act’s (IGA) Amendment Bill 2017.

The government is under pressure to finalise the Bill. Among others, this will see the noose tighten around so-called ‘offshore’ casinos opening its doors to Aussies.

It all boils down to how the rather ambiguous gambling laws of Australia that sees online gambling as not legal. At the same time, this is not illegal. Confused? Simply put, it just means that most online casinos are seen as unregulated by the government. However, current law cannot prosecute Australians gambling there.

The obvious loss of tax revenue from Australians choosing to gamble online is seen as the precursor to these amendments, although the official stance is to stem ‘problem gambling’ or gambling addiction. It has little merit, however. Online casinos actually offer more protection from problem gambling (for example, through user-activated voluntary account or IP bans) than land-based ones in Australia.

Bitcoin’s opportunity

If the proposed amendments come through, most regulated online casinos offering fiat deposits will be forced to deny Aussie customers. Even if they don’t, Australians won’t be likely to risk depositing funds from bank accounts or credit cards for fear of prosecution.

This may be where Bitcoin comes in. While it is recognised today as not fully anonymous, with proper precautions, one can acquire Bitcoins privately and seek anonymous Bitcoin casinos to continue gambling in peace. The Bill is also unlikely to worry those already gambling with cryptocurrency, as most crypto casinos won’t even have the identities of players.

And get this. Starting 1 July 2017, according to the Australian 2017 Budget, Bitcoin and other crypto currencies will no longer be subjected to ‘double taxation’ – meaning that using Bitcoin to gamble could actually end up being cheaper for Australians.

“Screw the government and get a VPN”, said Australian Senator David Leyonhjlem. He may have been ill-advised to say such a thing. Yet he called out the government on its ruse, citing the inability to tax offshore casinos as the true reason for the outright ban. His own proposal to exclude poker and black jack from the ban was thrown out, however.

Antipodean-friendly Bitcoin casinos

Worried that you’ll run out of places to play poker or play Bitcoin dice online once the IGA Bill passes? Then get yourself some Bitcoin and play at these sites, who’ll still welcome Australian players depositing Bitcoin:

1. Betonline
One of the biggest and most reputable poker sites, you’ll settle in right away if you love poker. Deposit Bitcoin and take immediate advantage of the weekly $5,000 freeroll and 100% Deposit bonus to vie for a seat in its $100,000 Guarantee tournament.

2. Betchain
With the exception of NetEnt Pooled Jackpot from the Mega Fortune game, you can choose to play a full range of slots, and table games like you’ll find on any land-based casinos. Whether you’re keen on roulette or black jack, this place even offers Live Dealer selections to help you get a reminder of how land-based tables look like.

3. Cloudbet
Like sports instead? Cloudbet’s sportsbooks will whet your appetite, letting you wager on your favourite Australian sports such as cricket and soccer. Best of all? All nationalities are welcome. If you need more motivation to get Bitcoin, Cloubet gives you up to a massive 5 BTC welcome bonus on your first deposit. That’s more than $12,000 at today’s rate!