Gambling on credit cards could be banned in overhaul of betting

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

 
12 January 2019 in Business, Views: 90
Source: Guardian
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