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There are, however, many online bookmakers which accept bets on Australian sports and racing events. Online gambling laws in Australia are covered under the Interactive Gambling Act 2001 (IGA). The downside is they are licensed in Curacao and other places and there are stories of people being ripped off. This was what lead to the withdrawal of many of the biggest gambling operators in the world, including LeoVegas.com and Guts.com.
If it is registered in Australia, it is bound by Australian laws and protections and you have redress to Australian laws if you have a dispute with the gambling company. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. It also called for better collaboration with overseas regulators, especially in places like Curaçao where illegal sites proliferate. The committee recommended blocking transactions to illegal gambling operators, and “stronger sanctions for companies and known individuals who profit from illegal gambling”.