The NSW Office of Responsible Gambling (ORG) has urged people not to gamble using overseas gambling sites such as casino games and slot machines. Director of ORG Natalie Wright said that with many sports suspended, and pubs, clubs and casinos temporarily closed, there is a risk that more people will turn to these sites that are not regulated. International Betting Sites – Legal and Regulated Markets Many countries in Europe, most notably the United Kingdom have a fully regulated and legalize online betting industry. In these countries, citizens can wager on sports freely on the web without fear of breaking the law. BetStars: Owned by The Stars Group, Betstars is one of the fastest-growing gambling sites in the world, with this brand pushing into regulated sports betting markets in the USA. Betstars has a big footprint in Europe and has a sister site in Australia – BetEasy. Gambling is illegal not only on foreign sites but also on indian sites unless they are registered with SEBI and RBI ( in india ). You did not mention the type of the currency you receive as income ( I meant, any forex trading also involved here). 80 RR of income tax act describes the tax deduction on income from foreign sources. Illegal foreign-based gambling websites which prey on vulnerable Australians and often refuse to pay out winnings will be blocked online in the latest crackdown by the Morrison government.
Media release | 30 April 2020
Illegal overseas gambling sites not worth the risks
The NSW Office of Responsible Gambling (ORG) has urged people not to gamble using overseas gambling sites such as casino games and slot machines.
Offshore Gambling Websites
Director of ORG Natalie Wright said that with many sports suspended, and pubs, clubs and casinos temporarily closed, there is a risk that more people will turn to these sites that are not regulated.
'Overseas gambling websites are illegal in Australia, and people who use them face additional risks than when they gamble with a licensed Australian operator,' Ms Wright said.
'Some of these sites look legitimate, and they even look like they are Australian by using images such as the Australian flag and native animals.'
As these companies are located offshore, players are at a high risk of not seeing their money again.
'These sites are illegal under the Commonwealth Interactive Gambling Act 2001, and because they're not regulated, there are no safeguards to protect people,' Ms Wright added.
Under the legislation, the Australian Communications and Media Authority (ACMA) has the power to ask internet service providers to block overseas gambling sites operating illegally in Australia.
Common risks associated with overseas gambling sites include:
· not being able to access winnings
· winnings or credit disappearing when operators shut down or move
· operators withdrawing additional funds from players' bank accounts without approval.
Overseas Gambling Websites Without
Illegal overseas gambling sites can include:
· operators withdrawing additional funds from players' bank accounts without approval.
Overseas Gambling Websites Without
Illegal overseas gambling sites can include:
· casino-style games
· slot machines
· scratchies
· betting on the outcome of lotteries or keno (‘synthetic' lotteries)
· services that provide ‘in-play' betting on sports events
· wagering services not licensed by an Australian state or territory.
'For people that do want to gamble online, you should only use services licensed in Australia, as there are consumer safeguards in place and responsible gambling options, such as the ability to set time and expenditure limits,' Ms Wright said.
The NSW Gambling Helpline and online treatment and support services remain available 24 hours a day, seven days a week and can be reached on 1800 858 858 or gamblinghelp.nsw.gov.au.
Overseas Gambling Sites Sports Betting
