Labour would ban the use of credit cards to place bets, affecting billions of pounds of transactions a year, as part of a crackdown on the gambling industry designed to tackle an epidemic of addiction.
Deputy leader Tom Watson will this week publish the conclusions of the partys year-long review of gambling regulations, which were liberalised under Tony Blairs government in 2007.
The full list of proposals will not be revealed until Thursday, but they include a blanket ban on the use of credit cards to bet, a practice that campaigners have said risks miring gamblers in ever greater debt.
Companies in the online gambling sector have indicated that 10%-20% of their £43bn in annual deposits, or up to £8.6bn, are made using credit cards…
Read the full article at: https://www.theguardian.com/society/2018/sep/19/tom-watson-labour-would-ban-gambling-with-credit-cards