Almost exactly a year ago today, a UK gambling ban on credit cards was proposed in what could be one of the biggest gambling shake-ups in the last decade.
After pressure on the government from ‘Citizens Advice’ and ‘GambleAware’ to help people with gambling problems wagering more money than they could afford, the UK government considered enforcing a ban on credit cards used for gambling.
It also said it would introduce legislation and regulation of wagers placed using credit cards.
Today, the gambling industry is poised for the announcement on the long awaited ban, which could be unveiled within the next 24 hours and provide details on new rules for protecting gambling addicts and stopping vulnerable people slipping in to addiction.
Among the names of gambling firms that allow customers to deposit using a credit card include: Bet365, 888 and Betfair.
It is not yet clear whether the new legislation will include a full and total ban on credit card gambling or whether it will limit / cap the amounts a customer is allowed to wager.
However, it is also reported that the ban will not only crack down on credit card gambling, but could also extend to third party e-wallets such as PayPal.
The announcement comes just days after the gambling industry, specifically the betting industry, was rocked by backlash and criticism from the UK Prime Minister over streaming English FA Cup matches to customers who have bet on a particular game.