Gambling on credit cards could be banned in overhaul of betting
The government is considering banning the use of credit cards in gambling – a move that would affect billions of pounds worth of bets a year.
The culture secretary, Jeremy Wright, said he would haul bookmakers and major retail banks into meetings to discuss concerns that up to 20% of deposits with some gambling firms are made using money that consumers do not actually have.
The industry regulator, the Gambling Commission, will launch a call for evidence on the matter in February, adding that regulation could follow.
The move is part of a broader crackdown that will also lead to the... read more
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