FCVic’s submission on the Regulatory Impact Statement for the proposed Gambling Regulations 2026 welcomes the consultation but argues the RIS prioritises regulatory continuity, administrative efficiency, and cost recovery over meaningful harm reduction, despite Victorian research estimating $14.1 billion in annual social and economic costs across financial, emotional and psychological, family, productivity, government, crime, non‑profit, and federal impacts. FCVic calls for significantly higher industry fees to fund prevention, early intervention, and support services, as well as a penalty framework that acts as a genuine deterrent rather than a cost of doing business; it withholds clause‑by‑clause commentary to avoid validating a status‑quo framework, and urges bold, evidence‑based reforms now rather than deferring change until 2036.