The Gambling Commission is considering banning people from using their credit cards to place bets.
The regulator on Monday said gambling on credit cards increases the risk that consumers will gamble more than they can afford and it would consider prohibiting or restricting the use of credit cards in order to protect gamblers from racking up huge debts that they cannot pay.
The announcement that the Gambling Commission would consider banning betting on credit was included in the regulators report into how to make online gambling safer. The report showed that profits in the online gambling industry jumped by 10% in 2017 to £4.7bn, and more than 9 million Britons gamble online.
Read the full article at: https://www.theguardian.com/society/2018/mar/26/gambling-commission-credit-card-betting-online