Business · South Africa
South African Bookmakers Urge Banks to Block Offshore Gambling Payments
TechCentral · 2026/03/31
Summary
The South African Bookmakers Association has called on banks to stop processing payments to unlicensed offshore online gambling websites. These sites operate outside South African law and are not regulated by local authorities. As a result, they often evade taxes and offer unfair advantages over local operators. The association believes that by blocking payments, it will protect South African consumers from unreliable gambling platforms and support the growth of local, licensed bookmakers. This move aims to make the online gambling market safer and more transparent for everyone involved, including players and businesses.
OnABudget takeaway: For consumers, this could mean safer gambling experiences and better protection of their money. Small businesses and local bookmakers may also benefit from reduced unfair competition as more players use licensed local sites.