Australia moves to broadly restrict gambling ads, while the Polymarket prediction market remains blocked

Gate News message: Australian Prime Minister Anthony Albanese announced that, starting January 2027, gambling advertisements on television, radio, online platforms, and sports venues will be subject to strict restrictions to reduce children’s exposure to gambling content. The new rules require that, during live sports event broadcasts (from 6:00 a.m. to 8:30 p.m.), gambling ads may not be aired; outside event hours, the maximum number of ads per hour is capped at three; celebrities and athletes may not appear in advertisements; online ads are only allowed to be shown to users who have been verified as 18 or older and have the option to opt out; and radio ads during school commuting times will also be banned.

Australia is the country with the highest per-capita gambling losses in the world. In the 2022–2023 fiscal year, the country’s total gambling losses reached A$31.5 billion, or about A$1,527 per person. Although the new rules strictly limit advertising, they still do not meet the comprehensive phased ban proposed by the 2023 Murphy Parliamentary Inquiry. Documents from the Electoral Commission show that, during the period when reforms were delayed, gambling companies continued to make donations to major political parties, and both Sportsbet and Tabcorp have donation records.

At the same time, based on cryptocurrency, the prediction platform Polymarket has remained blocked in Australia since August 2025, with internet service providers preventing access to it. The Australian Communications and Media Authority (ACMA) classifies it as an unlicensed interactive gambling service. The U.S.-regulated prediction exchange Kalshi also limits access for Australian users to comply with local gambling laws. While these platforms are not directly affected by the new ad restrictions, they remain a regulatory focus.

Analysts say the new ad rules will reduce the exposure of traditional sports betting in mainstream media, while crypto prediction markets such as Polymarket still cannot operate legally. This means that even though traditional gambling advertising will be tightened significantly, prediction markets supported by blockchain technology and crypto assets in Australia still face blocking risks, and investors and users need to closely monitor local legal and regulatory developments.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards

Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.

GateNews15h ago

XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8

Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.

MarketWhisper20h ago

Gate Daily Report (April 15): X launched Cashtags to provide encrypted financial data functionality; Bitcoin halving has completed 50%

Bitcoin (BTC) continues to rise, reaching $74,670 on April 15. On the X platform, Cashtags were launched in the United States and Canada, integrating real-time financial data and trading. With the Bitcoin halving underway, there are only 105,000 blocks left until the next reward halving. Market sentiment is optimistic, and the US stock market also recorded gains. Among various crypto-news updates, the ARIA token price has crashed, and events such as Virginia’s new law incorporating digital assets have been reported.

MarketWhisper21h ago

X Product Chief Hints at Crypto Feature Launch as Platform Cleans Up Bot Activity

Nikita Bier from Elon Musk's X hinted at a possible crypto-related product launch amid Bitcoin's recovery, stimulating discussions on potential payment and trading features. X Money, a peer-to-peer service, is set for early public access but lacks confirmed crypto features.

GateNews04-14 17:12

Gate Daily Report (April 14): The SEC releases regulatory guidance on self-custody wallet exemptions; Ondo submits a five-action letter regarding OGM tokenized equities

Bitcoin has recently rebounded strongly, with the price reaching $74,330. The U.S. Securities and Exchange Commission (SEC) has issued regulatory guidance for custody wallets of crypto securities, allowing operations in certain circumstances. Ondo Finance also submitted a request for a no-action letter to the SEC regarding tokenized equity. Market developments show that whale holdings have increased, with other coin contract trading activity remaining active. U.S. stock performance is optimistic, influenced by corporate earnings reports. Investors are taking a wait-and-see stance on Bitcoin, and market sentiment is relatively stable.

MarketWhisper04-14 01:37
Comment
0/400
No comments