Gambling With Credit Cards To Be Banned In UK

Published 6 days ago by: Adegbenga Ayinla
at 01:42 PM, 15/01/2020 (6 days ago)

(4160 | Gistmaniac) Online (m)

Britain will from April ban the use of credit cards to pay for bets, its gambling regulator announced on Tuesday, the latest clampdown on the industry.

“The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble,”
a statement said.

In the UK, 24 million adults gamble, including 10.5 million who gamble on betting sites online, according to figures from the Gambling Commission.

UK Finance, a banking and financial services industry body, estimate that 800,000 consumers use credit cards to gamble.

The Gambling Commission research also shows that 22% of online gamblers who use credit cards to gamble are classed as problem gamblers. The commission hopes that the ban will
“will provide a significant layer of additional protection to vulnerable people.”

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