EXPERTS ONLINE Gambling On Credit Cards To Be Banned 6 months ago Samuel Post Views: 550 People are to be banned from using credit cards to place bets in an attempt to curb problem gambling, the Gambling Commission in Britain has disclosed. The ban, which starts on 14 April, comes after reviews of the industry by the commission and the government. A total of 24 million adults in Britain gamble, with 10.5 million of those doing so online. Separate commission research shows that 22% of online gamblers using credit cards are classed as problem gamblers. Neil McArthur, Gambling Commission chief executive, said: “Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have. We also know that there are examples of consumers who have accumulated tens of thousands of pounds of debt through gambling because of credit card availability. There is also evidence that the fees charged by credit cards can exacerbate the situation because the consumer can try to chase losses to a greater extent.” Culture Minister Helen Whately said: “Whilst millions gamble responsibly, I have also met people whose lives have been turned upside down by gambling addiction. There is clear evidence of harm from consumers betting with money they do not have, so it is absolutely right that we act decisively to protect them. We will not hesitate to take any further action necessary to protect people from gambling harm.” 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 additional protection to vulnerable people. In addition, all online gambling operators will have to participate in the Gamstop self-exclusion scheme and offer it to all customers from 31 March. Source: modernghana.com SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: card payment, credit card, gambling online Continue Reading Previous Ukraine closes illegal gambling housesNext Don’t gamble with your and family’s health and wealth More Stories EXPERTS HOT NEWS What Bettors Should Know about Betting Exchange 14 hours ago Adeleye Awakan ONLINE SOUTH AFRICA Betway scores new partnership with Cricket South Africa 1 day ago Samuel EXPERTS Eswatini Interesting Markets for Casino Business 2 days ago Adeleye Awakan ONLINE WORLD NEWS Wazdan Extend Their Reach in Lithuania with New Betsafe Partnership 2 days ago Iwo Bulski EXPERTS Cryptocurrencies and gambling 2 days ago Iwo Bulski ONLINE Are Online Casinos the future of gambling post-Corona? 3 days ago Peter Situma Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.