The UK gambling regulator UKGC is going to ban the use of credit cards for betting.
UK gambling regulator UKGC is going to ban the use of credit cards for betting. First of all, the ban will apply to players of betting shops and poker rooms.
The reason for the ban is an increase in the number of debt-laden gamblers. The Guardian reported on a player who spent over £200,000 at an online casino. In doing so, the bets were made from 9 credit cards. The casino operator, however, did not restrict his access to the game.
The UKGC regulator's decision will now help combat the problem of gambling addiction. However, the ban itself should not only affect bank credit cards. Electronic wallets will also be affected.
The next point of the UKGC license is for the casino to connect to GameStop. This program obliges the casino to temporarily block the player's account if his loss reaches a certain amount.
Compliance with all these conditions and prohibitions will be a requirement to obtain a UKGC licence.