Britain’s Prohibits Betting on Credit Cards to Battle Gambling Addiction

  • Under the latest move by the government to tackle the problem of gambling, Britain’s 24 million gamblers will no longer be able to use credit cards to place betting.
  • According to trade body UK Finance, Britain’s has approximately 800,000 gamblers who use credit cards.
  • In the early trading of the day, shares of betting companies including Flutter Entertainment, William Hill, and 888 Holdings dropped.
  • According to BOE (Bank of England) data, Britons had a total of £1 billion outstanding on credit cards in November 2019.