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August 19, 2019
Following a recent call for evidence and its previous announcement on 24 July 2019, the Commission has launched a twelve-week consultation on gambling with credit cards.
The Commission is consulting the public and all other stakeholders on the options of either banning the use of credit cards for gambling or introducing limits and restrictions on the use of credit cards. The Commission will then take the most appropriate course of action in view of any evidence obtained by this consultation, alongside data already submitted.
The Commission says that the recent call for evidence provided several key interest points, including issues surrounding alternative forms of borrowing, e-wallets, and consumers’ motivations for using credit cards to gamble.
The proposals concern all sectors of the gambling industry that are currently permitted to accept credit card payments, including online betting, casino, bingo and lottery operators, along with high street bookmakers.
The Commission encourages all stakeholders to take part in this consultation. The consultation closes on 6 November 2019. To access the consultation, click here.