Dockers

TAB Credit union deposits

5 posts in this topic

hmmm

Gambling companies will be banned from allowing customers in the UK to use credit cards to bet in a bid to protect consumers and improve the sector's image. 

The ban, which starts on April 14, comes after reviews of the industry by the Gambling Commission – the sector's watchdog – and the Government. 

Major betting companies such as Bet365, Betfair and 888 all allow customers to place deposits online using credit cards, which has led to warnings from campaigners that gamblers risk racking up big debts and falling into addiction.

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3 hours ago, Eclipsed said:

hmmm

Gambling companies will be banned from allowing customers in the UK to use credit cards to bet in a bid to protect consumers and improve the sector's image. 

The ban, which starts on April 14, comes after reviews of the industry by the Gambling Commission – the sector's watchdog – and the Government. 

Major betting companies such as Bet365, Betfair and 888 all allow customers to place deposits online using credit cards, which has led to warnings from campaigners that gamblers risk racking up big debts and falling into addiction.

I think this is a fair step.  

 

I battle with the $1k level here for AML, especially when it can be reached with a $10 bet on a 100/1 shot.  But stopping credit card punting is probably the correct ethical stance.

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