Cryptocurrency gambling is not specifically regulated under Australian law, but it is generally treated in the same way as traditional online gambling. Online gambling is legal in Australia, but it is regulated by the federal government and each state and territory has its own set of regulations that apply to online gambling. The Interactive Gambling Act of 2001 (IGA) is the federal law that regulates online gambling with Australian dollars, Bitcoin, Tether or any other currency in Australia.
Under the IGA, it is illegal for Australian-based companies to offer online gambling services, with dollars or crypto, to Australian residents, but it is not illegal for Australian residents to gamble online with offshore companies. This means that if an offshore online gambling platform accepts cryptocurrency as a payment method, Australian residents are technically allowed to use their BTC, ETH or stablecoins to gamble on that platform.
Under the IGA, it is illegal for Australian-based companies to offer online gambling services, with dollars or crypto, to Australian residents, but it is not illegal for Australian residents to gamble online with offshore companies. This means that if an offshore online gambling platform accepts cryptocurrency as a payment method, Australian residents are technically allowed to use their BTC, ETH or stablecoins to gamble on that platform.
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