‘We now confirm that we will be withdrawing real money services from Australia. The Company has arrived at this decision due to changes in Australian gaming law and the introduction of the Interactive Gambling Amendment Act.’
Why Were BetOnline Forced to Leave?
Introduced in September 2017, the Interactive Gambling Amendment Act prohibited the provision of ‘interactive gambling services’ to customers in Australia. However, it wasn’t until seven months later that BetOnline had to say goodbye to most of its Oceanic clientele. So why the delay?
Cryptocurrency support might be the second reason why BetOnline was slow to exit compared with PokerStars, PartyPoker and 888 Poker who all pulled support for Australian customers by the end of 2017. Since this type of payment method is largely anonymous through peer-to-peer transactions, Aussies can transfer to crypto-supported sites undetected by their national financial system. Being something of a grey area, the major issue arose from the fact that BetOnline is not a cryptocurrency-only gambling site – it accepts Visa, MasterCard and numerous other non-anonymous deposit options. Unfortunately for its Aussie customers, this meant that BetOnline had to cut ties with them to remain compliant with the country’s recent legal changes.
Good News for Poker Lovers
If you’re hailing from Australia and are a fan of online poker, this doesn’t signal the complete destruction of the virtual felt. Players are still able to play at poker sites which are crypto-only, and these include Nitrogen Sports, Ignition Casino and Americas Cardroom. With bitcoin being easier than ever to buy for Australians through exchanges like Coinbase and CoinJar, getting your dollars onto bitcoin poker sites isn’t a chore. The bonus: crypto withdrawals from these online cardrooms are fast and free.