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Gambling Ban of Credit Cards in the UK as of 14 April

Credit Card

The (UK) Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble. The ban, which comes into effect on 14 April, follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out from August - November 2019. The ban will apply to all online and offline gambling products except for non-remote lotteries. It was said that the ban is a significant layer of additional protection to vulnerable people.

Neil McArthur, Gambling Commission chief executive, said: “Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimize the risks of harm to consumers from gambling with money they do not have. Research shows that 22% of online gamblers using credit cards are problem gamblers, with even more suffering some form of gambling harm.

Neil McArthur added: ‘“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.”