UK Gambling Commission considers ban on credit card betting

Business News

The UK Gambling Commission on Thursday launched a consultation on the use of credit cards in online betting.

Last year the Commission backed the principle that consumers should not gamble with money they do not have – gambling with borrowed money is already well-established as a risk factor for harmful gambling. Now it is seeking meaningful input to help determine if restrictions, potentially including an outright ban, are necessary to limit risks to consumers.

“We are exploring measures that could help reduce the risk of harm to consumers who use their credit cards to gamble online. We want consumers, gambling firms and other interested parties to have their say and provide evidence that will help us make gambling safer,” said Gambling Commission Executive Director Paul Hope.