Betr Bans Credit Card Gambling

Newly-formed betting group Betr announced at the Global Gaming Expo that they'll be banning the use of credit cards to deposit on its app, while also implementing deposit limits for players 21-25 years of age.

The announcement would make Betr the first gaming operator in the United States to work in such restrictions, which are increasingly becoming the status quo in certain countries throughout Europe. Betr is a micro betting platform that allows punters to water on smaller events in games, such as whether the next pitch in a baseball game will be a strike. The company facilitates bets through its mobile app and is aiming to catch younger adults, as the company was co-founded by social media influencer Jake Paul.

Currently, the app only allows a free-to-play mode, as the real-money version hasn't been licensed.

In a statement posting to LinkedIn Betr CEO Joey Levy said, "Today I announced at G2E that Betr will be the first sports betting operator in the U.S. to ban credit card depositing to fund user accounts. I also announced that we will be the first operator to enforce deposit limits for users that are 21-25 years old.

"Sports betting should be about enhancing the way the mass market fan consumes & interacts with sports. The experience should be like going to the movies & paying $20 for 2 hours of entertainment. Watching a live game & spending $20 on Betr to make that game more entertaining."

Source: LinkedIn