EXPERTS ONLINE Gambling On Credit Cards To Be Banned 4 years ago Samuel Post Views: 1,563 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 ONLINE SOUTH AFRICA SOFTSWISS unveils South African iGaming market overview 21 hours ago Samuel HOT NEWS ONLINE How has Cryptocurrency Changed the World of Casinos 21 hours ago Samuel EXPERTS UGANDA 1000 Ugandan students drop out annually-reason is gambling 21 hours ago Szarlot ONLINE WORLD NEWS Pragmatic Play further expands LatAm footprint by going live with Betsala 21 hours ago Iwo Bulski NIGERIA ONLINE Can Lagos become Africa’s gaming hub? 21 hours ago Szarlot EXPERTS NIGERIA Africa Surges to Become Third Largest E-gaming Market With 186M Players 4 days ago Samuel ONLINE SOUTH AFRICA WA.Technology Unveils Next-Gen iGaming Solutions at BiG Africa Summit 2024 5 days ago Szarlot ONLINE WORLD NEWS Pragmatic Play Bolsters African Market Presence Through Betfounders Collaboration 5 days ago Iwo Bulski EXPERTS NIGERIA Binance executives detained in Nigeria 5 days ago Samuel EGYPT EXPERTS The huge opportunities of fintech in middle east and Africa 6 days ago Samuel ONLINE WORLD NEWS Slotegrator Partners with Turbo Sportsbook 6 days ago Tools EXPERTS NIGERIA Binance Exits Nigeria, Government Launches Crypto Inquiry 6 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.