Britain bans using credit cards to gamble

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The Gambling Commission said on Tuesday the ban will apply to all online and offline gambling products.

LONDON - Britain's 24 million adult gamblers will not be able to use credit cards to make bets under a new rule designed to prevent consumers from building up too much debt, sending shares in betting companies sharply lower.

Research by the commission classes 22 percent of online gamblers who use credit cards as"problem gamblers". British betting companies are also struggling with the government's clampdown on high-speed slot machines, which critics have called the"crack cocaine" of gambling.

 

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