Today the UK government will end up banning credit card transactions to place bets within the country, effective from April 14th.
The exact impact will not immediately be known, but without a doubt it will financially hit operators in the country. Stocks for betting groups were down sharply with the news breaking, with William Hill dropping 5.3% and Flutter Entertainment dipping 2.4%. The move is being made in an effort to protect gamblers, as numbers of gambling addicts in the country are a concern due to the availability of different bets.
Speaking about the issue UK Culture Minister Helen Whately noted: "In the past year we have introduced a wave of tougher measures. But there is more to do. We will be carrying out a review of the Gambling Act to ensure it is fit for the digital age and we will be launching a new nationwide addiction strategy in 2020."
We'll update readers as more details on the ban come out.