Olympia Rules and Regulations in Australia

These terms and conditions govern all use of the official Olympia website and mobile app by users located in Australia. By accessing the platform, you agree to comply with the rules set out in this document in full. Olympia operates in accordance with applicable Australian legal requirements, and these terms reflect those obligations. All registered users are expected to read and understand these conditions before placing any bets or using any of the available services. This page is updated periodically, and continued use of the platform constitutes acceptance of any revised terms.

General Terms

These general terms and conditions form a binding legal agreement between you and Olympia. By completing registration and using the platform's services, you confirm that you have read, understood, and accepted all conditions stated herein.

User Agreement

Access to and use of the platform is subject to your full acceptance of these terms. If you do not agree to any part of this agreement, you must not use the platform or place any bets.

Eligibility Requirements

To use the platform, you must:

  • Be at least 18 years of age
  • Be a resident of a jurisdiction where online betting is legally permitted
  • Not be registered on any self-exclusion programme
  • Provide accurate and truthful information during registration

Olympia reserves the right to verify your identity and eligibility at any point during your use of the platform.

Acceptable Use

You agree to use the platform solely for lawful, personal, and non-commercial purposes. The following are strictly prohibited:

  • Using automated tools, bots, or scripts to interact with the platform
  • Attempting to manipulate odds, outcomes, or betting markets
  • Sharing account credentials with third parties
  • Engaging in any activity that could constitute fraud or collusion

Content Protection

All content published on the platform, including text, graphics, software, and data, is the intellectual property of Olympia or its licensed partners. Reproduction, distribution, or commercial use of any platform content without prior written consent is not allowed.

Modifications to Terms

Olympia reserves the right to update or modify these terms at any time. Users will be notified of material changes through the platform. Continued use of the services following any update constitutes acceptance of the revised terms.

Limitation of Liability

To the extent permitted under Australian law, Olympia's liability for any loss or damage arising from your use of the platform is limited to the amount of funds held in your registered account at the time of the incident. The platform is not liable for indirect, consequential, or unforeseen losses.

General Betting Rules

All wagering activity on the platform is governed by the following rules. By placing a bet, you confirm that you have read and accepted these conditions in full.

Eligibility to Bet

To place bets, you must:

  • Hold a verified, active account
  • Be at least 18 years of age
  • Have sufficient funds in your account balance
  • Be accessing the platform from a permitted jurisdiction

Bet Acceptance

All bets are subject to acceptance by Olympia. The platform reserves the right to decline, limit, or void any bet at its discretion. A bet is not confirmed until you receive an explicit confirmation via the platform interface or associated notification.

Stake Limits

The following stake parameters apply to all betting activity:

Parameter Details
Minimum stake As displayed at the time of bet placement
Maximum stake Subject to the event type, market, and account history
Maximum payout Defined per market and subject to change

Olympia may apply individual account-level stake restrictions based on betting patterns or risk assessment.

Settlement of Bets

  • Winning bets are settled based on the official result of the relevant event
  • Funds are credited to your account promptly following result confirmation
  • In the event of a dispute regarding settlement, the decision of Olympia is final, subject to applicable regulatory review rights
  • Bets placed on events with incorrect odds due to a technical error may be voided

Bet Restrictions and Cancellations

Olympia may restrict, suspend, or cancel bets under the following circumstances:

  • Suspected breach of these terms or applicable law
  • Evidence of match-fixing or irregular activity
  • System errors or data feed failures affecting odds accuracy
  • Account verification issues

Any funds associated with cancelled bets will be returned to your account balance.

Payment Rules

The following rules govern all deposit and withdrawal transactions on the platform. Users are required to read and comply with these policies before conducting any financial transactions.

Deposits

  • All deposits must be made from a payment method registered in your own name
  • Third-party deposits are strictly prohibited
  • Minimum and maximum deposit amounts are displayed at the point of transaction
  • Deposits are generally credited to your account balance in real time, subject to payment provider processing times

Available Payment Methods

The platform supports a range of payment options, which may include:

  • Bank transfer
  • Credit and debit cards
  • Electronic wallets
  • Prepaid solutions

Available methods may vary based on your location and account status. Not all methods are available for both deposits and withdrawals.

Withdrawals

  • Withdrawal requests are processed to the same method used for the original deposit, where technically feasible
  • Minimum withdrawal amounts apply and are displayed within your account section
  • Withdrawals may be subject to identity verification before processing
  • Olympia does not charge standard fees for withdrawals, though your payment provider may apply their own charges

Processing Timelines

Transaction Type Estimated Processing Time
Deposits Instant to 24 hours
Withdrawals 1 to 5 business days, subject to verification

Timelines are indicative and may vary based on your payment provider or the volume of pending requests.

KYC and AML Verification

In accordance with Australian anti-money laundering obligations, identity verification is required before withdrawals can be processed. You may be asked to provide:

  • Government-issued photo identification
  • Proof of address (issued within the past 3 months)
  • Proof of payment method ownership

Failure to provide the required documentation may result in withdrawal delays or account restrictions.

Responsible Gambling

Olympia is committed to promoting responsible gaming and protecting users from the potential harms associated with gambling. These measures are part of the platform's legal obligations under applicable Australian law.

Our Commitment

The platform recognises that gambling can become harmful for some individuals. The tools and resources described below are available to all registered users at no cost and are designed to support informed, controlled betting activity.

Available Responsible Gaming Tools

Deposit Limits
Users may set daily, weekly, or monthly deposit limits through their account settings. Once applied, limits cannot be increased for a defined cooling-off period.

Session Time Limits
You can set restrictions on the duration of individual sessions to assist in managing your time on the platform.

Self-Exclusion
If you wish to stop using the platform for a period of time, you may apply for self-exclusion. This can be temporary or permanent. During a self-exclusion period, your account will be restricted from all betting activity and bonus offers.

Reality Checks
Periodic on-screen notifications can be activated to remind you of the time spent on the platform.

Risk Self-Assessment
A self-assessment tool is available to help you evaluate your gambling behaviour. This is confidential and intended to support your own awareness.

External Support Resources

If you or someone you know is experiencing difficulties related to gambling, the following organisations offer free, confidential support:

These services are available 24 hours a day, 7 days a week.

Anti-Money Laundering

Olympia is required to comply with Australian Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) legislation, including the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). The platform maintains a risk-based compliance programme to detect, prevent, and report suspicious financial activity.

Identity Verification (KYC)

All users are required to complete identity verification as part of the account registration process and at subsequent intervals as required by law. The KYC process may include:

  • Verification of full legal name, date of birth, and residential address
  • Submission of government-issued identification
  • Verification of the source of funds for large transactions
  • Ongoing periodic re-verification for high-activity accounts

Transaction Monitoring

The platform actively monitors all financial transactions to identify patterns that may indicate money laundering, fraud, or other illicit activity. Monitoring includes:

  • Review of large or unusual deposit and withdrawal activity
  • Identification of structured transactions designed to avoid reporting thresholds
  • Analysis of account behaviour inconsistent with stated user profile

Suspicious Activity Reporting

In accordance with Australian law, Olympia is obligated to report suspicious matters to AUSTRAC (the Australian Transaction Reports and Analysis Centre). The platform may not disclose to you if such a report has been made.

Consequences of Non-Compliance

In the event of a suspected violation of AML/CTF obligations, the platform may:

  • Temporarily or permanently restrict account access
  • Freeze funds pending investigation
  • Report the matter to the relevant regulatory authority
  • Terminate the account with or without prior notice

Cooperation with all verification requests is a condition of continued use of the platform's services.

Privacy Policy

Olympia is committed to protecting the personal data of all users in compliance with the Privacy Act 1988 (Cth) and the Australian Privacy Principles (APPs). This section explains what data is collected, how it is used, and the rights you hold in relation to your information.

Personal Data Collected

The platform may collect the following categories of personal information:

  • Identity data: Full name, date of birth, nationality
  • Contact data: Email address, phone number, residential address
  • Financial data: Payment method details, transaction history
  • Technical data: IP address, browser type, device identifiers
  • Usage data: Betting history, session duration, platform interactions
  • Verification data: Copies of identification documents submitted during KYC

How Your Data Is Used

Collected data is used for the following purposes:

  • Account registration, management, and verification
  • Processing of bets and financial transactions
  • Fulfilment of legal and regulatory obligations, including AML/CTF compliance
  • Detection and prevention of fraud and prohibited activity
  • Communication of account-related information and service updates
  • Improvement of platform functionality and user experience

Olympia does not sell personal data to third parties. Data may be shared with regulatory bodies, payment processors, or service providers where required by law or for the performance of services.

Your Data Rights

Under the Privacy Act 1988 (Cth), you have the right to:

  • Access the personal data held about you
  • Request correction of inaccurate or outdated information
  • Lodge a complaint with the Office of the Australian Information Commissioner (OAIC) if you believe your privacy rights have been breached
  • Request the deletion of your data, subject to legal retention obligations

To exercise any of these rights, contact the platform's privacy team through the official support channel listed on the website.

Security

Protecting your account and financial information is a core operational priority. Olympia applies a multi-layered security framework to safeguard all user data and transactions conducted on the platform.

Data Encryption

All data transmitted between your device and the platform is protected using industry-standard Transport Layer Security (TLS) encryption. This applies to account logins, payment processing, and all personal data exchanges.

Two-Factor Authentication (2FA)

Users are strongly encouraged to enable two-factor authentication on their accounts. When activated, 2FA requires a secondary verification step in addition to your password at the point of login, significantly reducing the risk of unauthorised access.

Account Activity Monitoring

The platform employs continuous monitoring of account activity to detect anomalous behaviour, including:

  • Login attempts from unrecognised devices or locations
  • Unusual transaction patterns
  • Multiple failed authentication attempts

If suspicious activity is detected, the platform may temporarily suspend access and notify the account holder through their registered contact details.

User Responsibilities

You are responsible for maintaining the security of your account. This includes:

  • Using a strong, unique password for your account
  • Not sharing your login credentials with any other person
  • Logging out of your account when using a shared or public device
  • Notifying the platform immediately if you suspect unauthorised access

Vulnerability and Incident Management

Olympia conducts regular security assessments of its technical infrastructure. In the event of a confirmed data breach that affects your personal information, the platform will notify you in accordance with the requirements of the Notifiable Data Breaches scheme under the Privacy Act 1988 (Cth).

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