Gambling Commission considers ban on credit card betting

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Regulator says profits in the online gambling industry jumped by 10% in 2017 to £4.7bn

The Gambling Commission is considering banning people from using their credit cards to place bets.

The regulator said on Monday gambling on credit cards “increases the risk that consumers will gamble more than they can afford” and it would “consider prohibiting or restricting the use of credit cards” in order to protect gamblers from racking up huge debts that they cannot pay.

Related: The bookies have won on betting terminals. But vulnerable people pay | Dawn Foster

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view The Guardian: Money
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