UK REGULATOR CONSULTS ON ONLINE GAMBLING CREDIT CARD BAN AND USE OF E-WALLETS

On 14th August, Out-Law published an article saying that the Gambling Commission is consulting on a ban on the use of credit cards, and operators could also be barred from accepting any payments made by customers from ‘e-wallets’.  The proposed changes, which would be built into operators’ licensing conditions, could take effect from April 2020.  The e-wallet ban would be because there is currently no way for operators to tell where deposits taken from e-wallets come from, so they could be credit card deposits.  Whilst primarily aimed at the online sector, the Commission is also consulting on whether a ban or controls on the use of credit cards should also apply in betting shops.

https://www.pinsentmasons.com/out-law/news/regulator-consults-on-online-gambling-credit-card-ban

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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