The Gambling Commission has opened a consultation seeking evidence on the issue of gambling with credit cards. It said that if will “consider whether regulatory interventions such as restricting or prohibiting gambling via credit cards are necessary” if there is an “absence of effective consumer protections to limit the risks of harm posed”.
Gambling law expert Audrey Ferrie of Pinsent Masons, the law firm behind Out-Law.com, said the onus is on the gambling industry to address the concerns that customers may use credit facilities to gamble with more money than they can afford to lose.
“Land-based gambling already has more restrictions in relation to the availability of credit and I can see those rules being extended to online gambling…
Read the full article at: https://www.out-law.com/en/articles/2019/february/industry-must-act-to-address-gambling-credit-concerns/