UKGC Credit Card Policy Is Reducing Gambling Harm

The ban on gambling with credit card deposits, which was implemented in the UK in January 2020, has proven to be popular amongst customers and has not led to any harmful unintended consequences, according to an interim evaluation by the UK Gambling Commission.

The ban was introduced by the UK Gambling Commission with the intention of adding another layer of protection for consumers who may be experiencing problem gambling issues.

The evaluation report was based on a survey of around two thousand people over the age of eighteen with the conclusion that the ban helps people gamble within their means and stay in control.

One particular concern was that some people would resort to borrowing money from illegal money lenders in an attempt to carry on gambling, but that does not seem to be the case.

The Gambling Commission survey also revealed that 76% of people who used to use credit cards to fund their gambling activity have not reverted to using other sources of borrowed money.

RELATED TOPICS: Responsible Gambling