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.
The UK Gambling Commission has reminded gambling operators that its new ban on the credit cards for betting extends to payments made through eWallets and other money service businesses (MSB). Announced in January by the Commission and the government’s Department for Culture, Media and Sport (DCMS), and implemented in April, the ban means customers are no longer able to utilize credit cards.
The Chief Executive of the Gambling Commission, Neil McArthur said that “credit card gambling can lead to significant financial harm, the ban that we have announced today should minimise the.
According to industry sources, the UK Gambling Commission is set to recommend a blanket ban on the use of credit cards for gambling or, at the very least, heavy restrictions, including limiting customers to the use of one credit card only. Credit card gambling was also mentioned in relation to a planned overhaul of UK’s Gambling Act that was.
The Gambling Commission has announced that from 14 April 2020, gambling businesses can no longer allow UK customers to use credit cards to gamble. The decision follows the Commission's review of online gambling and the Government's “Review of Gaming Machines and Social Responsibility Measures”. The ban on the use of credit cards will apply.
The Gambling Commission says 22 per cent of online gamblers who use credit cards are problem gamblers and that the ban will provide a layer of protection to vulnerable people. Some gamblers who.
Issuing its first regulatory enforcement of 2020, the UK Gambling Commission (UKGC) has this morning confirmed that it has sanctioned its widely anticipated ban on credit card transactions carried across all UK gambling verticals. The Commission plans to implement its credit card ban from 14 April 2020, giving licensed incumbents three months to undertake all necessary adjustments.
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