“The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble,” a statement said. On banning the use of credit cards, Gambling Commission chief executive Neil McArthur said Tuesday:“Credit card gambling can lead to significant financial harm. “There are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability,” he said. “We will not hesitate to take any further action necessary to protect people from gambling harm,” she added. Share prices in British gambling firms slid in early trading on Tuesday in reaction to the latest measure.

Source: The Guardian January 14, 2020 11:26 UTC