UK Gambling Commission to Ban Credit Cards April 2020 - Thoughts? I have read an article on the BBC news website this morning that the Gambling Commission are to ban the use of credit cards to bet.
Mental health charities have welcomed the Gambling Commission’s decision to implement a ban on gambling with credit cards but warned more must be done to prevent consumers spiraling into.
Although Gambling Commission chief executive Neil McArthur acknowledged that some consumers use credit cards for convenience, he warned that the risk of harm to others was too high.
Consultation on gambling with credit cards Overview The Gambling Commission conducted a call for evidence on gambling with credit cards between February and May 2019. The exercise was underpinned by advice from the Responsible Gambling Strategy Board (RGSB)(1) that gambling with borrowed money is a well-established risk factor for harmful gambling because it significantly increases the risk.
The Gambling Commission has announced a ban on gambling businesses allowing consumers in the UK to use their credit cards to gamble. “24 million adults in Great Britain gamble, with 10.5 million.
The Gambling Commission has announced it will ban gambling businesses from allowing consumers in Great Britain to gamble using credit cards. The ban will apply to all online and offline gambling apart from non-remote lotteries from 14 April 2020. Online gambling operators must also participate in the multi-operator self-exclusion scheme GAMSTOP which allows consumers to self-exclude across.
Using credit cards to gamble is to be banned, according to the Gambling Commission. The ban will be initiated on the 14th of April this year, after a series of reviews within the industry by the commission and the government. The ban will apply to all online and offline gambling products except lotteries that are run for good causes. These lotteries will have to provide a significant layer of.
Announced in January, the ban extends to credit card gambling through e-wallets and applies to online and offline betting. Recent research shows that around 10.5 million people in the UK gamble online, with 800,000 believed to use credit cards and 22% of these are problem gamblers.