EXPERTS ONLINE Gambling On Credit Cards To Be Banned 4 years ago Samuel Post Views: 1,507 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 About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts 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 Eastern Cape MEC wants gambling fully legalized in South AfricaNext Don’t gamble with your and family’s health and wealth More Stories EXPERTS KENYA Digital wallets as an enabler for financial services in Africa 2 days ago Szarlot EXPERTS NIGERIA Afreko Media Amplifies Its Betting Platform Portfolio With The Acquisition Of Gamblers.Africa 2 days ago Szarlot GAMES ONLINE Burning Seven 3 days ago Iwo Bulski EXPERTS KENYA Unlocking the power of mobile trading: A financial revolution in Kenya 3 days ago Samuel EXPERTS SOUTH AFRICA Online gambling addiction is a pandemic in SA, sucking in children and adults 3 days ago Szarlot EXPERTS SOUTH AFRICA MultiChoice investors kiss R32 billion goodbye 3 days ago Samuel ONLINE WORLD NEWS Games from Slotegrator are available on Bazed Bet 4 days ago Iwo Bulski ONLINE WORLD NEWS Gamers of Cybersports Host Educational Event for Young Gamers in Dubai 4 days ago Samuel GAMES ONLINE Aviator Predictor App: A Game-Changer for Aviator Players? 4 days ago Szarlot ONLINE WORLD NEWS STATSCORE renews sports data agreement with Slovenian PrvaLiga 5 days ago Iwo Bulski CASINO ONLINE Discovering JetX: The Game Changer in Casino Gaming 5 days ago Samuel KENYA ONLINE Xprizo partners with African payments provider M-Pesa 5 days ago Samuel 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. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.