UK credit card gambling ban to take effect in April. All gambling products, offline and on, are affected except for lottery. Betting company shares dive. Gambling firms will be banned from allowing punters to bet via credit card from April 14. Ban from April 14 comes after Gambling Commission review of online gambling The ban, first announced in January by the Gambling Commission and the government’s Department for Culture, Media and Sport, extends to credit card gambling through e-wallets. It applies to ... The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble. The ban, which comes into effect on 14 April, follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out between August and November 2019. The UK Gambling Commission has shown itself to be serious about protecting problem gamblers since its inception. After issuing several high-profile gamblers operators with multimillion-pound fines for not properly protecting vulnerable players, the UKGC is about to go a step further and ban all gambling on credit cards in the United Kingdom. The ban, first announced in January by the Gambling Commission and the government’s Department for Culture, Media and Sport, extends to credit card gambling through e-wallets. It applies to ... The British government has announced a ban on credit cards being used for gambling. From April 14, businesses in the U.K. will be barred from accepting credit cards from consumers placing bets ... Adam Bradford, co-founder of the Safer Online Gambling Group, said that while the credit card ban was "welcome", it was "not a silver bullet to solve the problem as the gambling industry still ... Next steps. 1.05 The new general licence condition introducing a ban on gambling with credit cards will come into effect on 14 April 2020.. 2 Introduction. The Gambling Commission. 2.01 We license and regulate commercial gambling within Great Britain, including the National Lottery, with the exception of spread betting which is regulated by the Financial Conduct Authority (FCA). The UK gambling regulator this week banned gambling on credit cards, saying it aimed to stop people “gambling with money they don’t have.”. The ban applies to all forms of online gambling except the lottery and kicks in on April 14.. The news was met, by financial markets at least, with a relative shrug. Gambling company share prices briefly dipped a percent or two before rebounding.
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