The Gambling Commission has today announced a ban on gambling businesses allowing consumers to use credit cards to gamble.
The ban, which comes into effect on 14th April, applies to all online and offline gambling products, with the exception of non-remote lotteries.
The announcement follows the commission’s public consultation on gambling with credit cards, which took place late last year and to which the Money Advice Trust responded.
Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, said: “The Gambling Commission’s ban on gambling with credit cards is a welcome intervention and should go some way to reduce the risk of harm caused by using borrowed money to gamble.
“However, this action alone is not enough. The Gambling Commission needs to continue its work to see what other measures it can introduce to prevent the risk of harm from using other forms of borrowing.
“At National Debtline we know the financial and personal impact gambling addiction can have on peoples’ lives. A joined-up approach to improve protections and support for people in vulnerable circumstances and struggling with addiction is required by the regulator, firms and financial services alike.
“Anyone worried about their finances should seek free and impartial debt advice from a charity-run service like National Debtline.”