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UK Gambling Commission to Ban Online Credit Card Bets

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UK Gambling Commission to Ban Online Credit Card BetsReading Time: < 1 minute

 

The UK Gambling Commission is preparing to ban bookmakers from taking credit card deposits for betting online, in the latest move to prevent the exploitation of vulnerable customers. It comes two years after charity groups such as GambleAware and Citizens Advice urged the government to implement the policy to protect people from sliding into gambling addiction.

Major betting websites including Betfair, PokerStars, 888 and Bet365 all currently allow their customers to make deposits online using credit cards, which has led to warnings from campaigners that gamblers risk racking up huge debts.

The regulator is expected to unveil a full ban on credit cards being used for online gambling accounts. Customers will be limited to using their debit cards to prevent them from overextending themselves. The consultation that led to the commission’s decision includes e-wallets, indicating that payment services such as PayPal will probably be included in the ban.

UKGC is also planning to announce that membership of GamStop will become a condition of online casinos’ licence to operate. GamStop allows people who want to block themselves from gambling voluntarily to give their details, which are then shared to prevent them from opening new accounts elsewhere.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK Gambling Commission to Ban Online Credit Card Bets

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The real HIT of the year 2020 was just announced

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The real HIT of the year 2020 was just announced  Each year, one slot is able to charm the hearts and minds of players until it ranks at the top of casinos’ charts. But this year, Endorphina broke the system and went straight to the top right after the release! Bold? Yes. Brash? Very much. Justified? Absolutely. Indeed, judging by the content and features, […]
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The real HIT of the year 2020 was just announced

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Prague Gaming Summit 2020 speaker profile: Stav Pischits (CEO at Cynance)

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  The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Advising The […]
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Stav Pischits (CEO at Cynance)

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Prague Gaming Summit 2020 speaker profile: Saulius Racevičius (CEO at ConnectPay)

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  The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Global Payment […]
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Saulius Racevičius (CEO at ConnectPay)

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