It would take too long.

Making the bet that is, it would be leaked before you are done setting up the betting system.

Australia requires mobile phone providers to verify IDs before providing cell phone service. As a result, in September 2022, Optus leaked the records of 10 million Australians including passport and drivers license details.

So negative 2 years, 2 months.

But this is just asking for more.

I guess Australia.gov can be the site in the middle handing out the tokens

Identification would need to be handled by a 3rd party to even remotely work. Then they pass on the “yes they’re over 16” tick to the social media platform, with no actual identity details.

The legislatiion specifically allows SM sites to handle ID.