Britain bans using credit cards to gamble - News Summed Up

Britain bans using credit cards to gamble


The Gambling Commission said on Tuesday the ban, which comes into effect on April 14, will apply to all online and offline gambling products apart from over-the-counter lottery tickets. Research by the commission classes 22% of online gamblers who use credit cards as "problem gamblers". The move follows a government overview of the industry launched in November which was aimed at overhauling online casinos, including a ban on using credit cards for gambling online aimed at vulnerable people. Of Britain's estimated 24 million adult gamblers, around 10.5 million gamble online, the commission said. UK Finance estimates around 800,000 Britons use credit cards to gamble.


Source: bd News24 January 14, 2020 08:48 UTC



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