🍒 Protecting the safety of consumers is at the heart of today’s credit card gambling ban

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The U.K. will stop gamblers from using credit cards to place bets as the government continues to tighten regulation of the industry.


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Online gamblers will no longer be allowed to use credit cards for betting | The Independent
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The complete guide on whether gambling affects your credit score. We weigh up the impact of responsible and irresponsible betting on your.


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From April 14, businesses in the U.K. will be barred from accepting credit cards from consumers placing bets, Britain's government-run Gambling.


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In January, the Gambling Commission and the Department for Culture, Media and Sport (DCMS) announced the widely-publicised ban –.


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From April 14, businesses in the U.K. will be barred from accepting credit cards from consumers placing bets, Britain's government-run Gambling.


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The ban on the use of credit cards to pay for bets has been welcomed because online gambling has increased during the coronavirus.


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“Credit card gambling can lead to significant financial harm,” Neil McArthur, the commission's chief executive, said. “The ban that we have.


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Credit cards are convenient, but if you want to purchase casino gambling chips, they may be considered as cash advances and incur.


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Data also provided by. CNBC Newsletters. Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} Finance showing that , British people used credit cards to gamble in The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have," Neil McArthur, CEO of the Gambling Commission, said in a statement on Tuesday. We want to hear from you. The U. Get In Touch. Get this delivered to your inbox, and more info about our products and services. Related Tags. Sign up for free newsletters and get more CNBC delivered to your inbox. The ban will be applied to all forms of gambling, with the exception of National Lottery tickets, which the commission noted were sold in grocery stores and newsagents and would be too difficult for retailers to separate. According to the Gambling Commission, 24 million adults in Britain gamble, with data from thinktank U. All Rights Reserved. Skip Navigation. The British government has announced a ban on credit cards being used for gambling. Markets Pre-Markets U. 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. The decision to introduce the ban came off the back of two separate government reviews into online gambling and social responsibility in the industry. News Tips Got a confidential news tip? {PARAGRAPH}{INSERTKEYS}From April 14, businesses in the U.