STÄNG

UKGC announces ban on credit card gambling

In a move that has been expected for a while, the UK Gambling Commission has recently announced that a new ban on credit card gambling will take effect a bit later this year. This means that it will no longer be possible to use credit cards to make deposits at online casinos.

GO TO OUR TOPLIST

Credit card gambling ban from April 2020

Earlier this year, the UK Gambling Commission (UKGC) confirmed that a ban on credit card gambling will take effect soon. The ban follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. According to the UKGC, 24 million adults in Great Britain gamble, with 10.5 million of those gambling on the internet. It is estimated that 800,000 players use credit cards to gamble. Research done by the UKGC shows that 22% of online players who use credit cards to gamble are classed as problem gamblers.

casino

The ban will apply to all online and offline gambling products except non-remote lotteries. Neil McArthur, Gambling Commission chief executive, said in a statement:

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.

In his statement, McArthur said he understood that some consumers use credit cards because they are convenient, but the risk of harm to others was too high to allow the use of credit cards to continue. He also said: “we will evaluate the ban and watch closely for any unintended circumstances for consumers.”

The ban on credit card gambling takes effect on the 14th of April, meaning that all UK online gambling sites are required to remove credit card payments by that date.

posted on 17 February, 2020
Best Casino » UKGC announces ban on credit card gambling

Latest News

Mega Ball – A new and exciting live casino game
24 April, 2020
Mega Ball – A new and exciting live casino game
Evolution Gaming revealed 12 new live games at ICE London last year, and one of the most anticipated games on the list has just been...
Read more
The history of slot machines
23 April, 2020
The history of slot machines
If you are an online gambler, the selection of slots has never been better. Nowadays, you can visit any online casino and choose from thousands...
Read more
More news