This story was published more than 4 years ago.
The UK Gambling Commission announced that they're starting a study in August that will look into whether or not credit cards should continue to be allowed to gamble online with.
The study will run for 12 weeks and will look into the different ways that the regulator can prevent punters from betting with borrowed money. The move is the second this year for the UKGC related to credit card use, but earlier efforts haven't yielded much in the way of insights. While an outright ban is possible, the regulator says that they'll end up taking a look at other options as well.
Gambling is widespread in the UK, and the UKGC has been working to find ways to mitigate gambling addiction throughout the country. They championed for the reduction of FOBT max bets from £100to £2.
We'll be following the story and updating readers as the results of the study become available.
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Comments
I don't think this is a complicated matter at all...people just don't have to be able to gamble(and potentially loose) a money they do not own...as simple as that, otherwise the gambling addiction problem would just get bigger.
I agree with you sharpe. Using borrowed money to gamble is silly, IMHO.
sharpe
Wow, I remember that they cut down and fixed the bet from 100 to 2 pounds some while ago.
But, this creditcard ban would be much a stronger measure that that.
Looking forward to their decision 🙂