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  1. #1
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    Default Gambling on credit cards could be banned in UK

    Culture Secretary Jeremy Wright said last week that he would like to discuss concerns that up to 20% of deposits with some gambling firms are made using credit cards, meaning it could be money that consumers do not actually have. As a result, the UK Gambling Commission will "launch a call for evidence on the matter" in February, with regulation likely to follow.

    From The Guardian:

    The move is part of a broader crackdown that will also lead to the government seeking to address slow progress on self-exclusion schemes, which are designed to help addicts opt out of betting.

    “Gambling operators must step in and act when people are showing signs of risky gambling. Their licences are at risk if they do not,” Wright said.

    He welcomed moves by high-street banks, including Barclays, Lloyds, Santander and the Royal Bank of Scotland, to allow customers to switch off spending on gambling through their mobile apps.

    However, he said: “We should also ask if it is right that people should be able to gamble on credit and this is an area that the Gambling Commission are going to look into.”

    Labour has previously said it would ban gambling with credit cards.

    A spokesman for the Gambling Commission said: “In our online review last year we said we will consider prohibiting or restricting the use of credit cards and will explore the consequences of doing so.”
    Read more here: https://www.theguardian.com/society/...aul-of-betting

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  3. #2
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    Another bullshit and excuse.
    If someone has a credit for a car for 10K GBP, or student loan for 100K or mortgage for 1M (when most people simply are paying off some loans), it does not matter if that person can gamble just with debit cards.

    Everyone is able to scrape some harder cash for gambling, he/she will just pay other things from credit.

    If they wanted to do something against gambling on credit, they would have to allow to gamble only to a person that has no credit anywhere. And that would be the end of gambling at all. Also the end of personal freedom.
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  5. #3
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    Default

    If player want to play, nobody stop them.

  6. #4
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    The gambling commission actually brought this up in a report last year.
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    I said this 18 months ago...The UKGC are trying to cull online gambling. They haven't stopped tightening the rope. Seems they have a hidden agenda, to hurt the industry to the point where it places so many limitations on players and operators, that it will end up a cooked-goose...
    Last edited by AussieDave; 15 January 2019 at 10:59 am.
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  8. #6
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    It doesn't matter. They'll always find other ways in which to impulsively gamble their money.
    Last edited by Cash Bonus; 15 January 2019 at 9:35 pm.

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    Further to this subject the document "Review of Online Gambling" provides a lot of details on a number of recommendations including the use of credit cards. Specifically the recommendation on credit cards is on page 46 however the document is a good read.
    https://www.gamblingcommission.gov.u...March-2018.pdf

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    Surely this just helps the migration to Crypto tokens?
    Such over-bearing scrutiny of personal spending is not legislated for by banks or government.

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    I think it might in long term, but if people start using cryptos in the UK, then the regulators will impose regulation (CC and also other) on crypto<->fiat exchanges.

    Everything will be regulated like in USSR and nothing will work like in USSR.
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    Quote Originally Posted by TheGooner View Post
    Surely this just helps the migration to Crypto tokens?
    Such over-bearing scrutiny of personal spending is not legislated for by banks or government.
    Quote Originally Posted by Sherlock View Post
    I think it might in long term, but if people start using cryptos in the UK, then the regulators will impose regulation (CC and also other) on crypto<->fiat exchanges.

    Everything will be regulated like in USSR and nothing will work like in USSR.
    I think it is only a matter of time before much more regulation is more than just being discussed.
    https://coingape.com/coinbases-marcu...ons-worldwide/
    https://cointelegraph.com/news/briti...rypto-taxation

    From the gambling commission review link pokerface posted
    We will consider prohibiting or restricting the use of credit cards and the offering of credit but will explore the consequences of doing so.
    The wording of that is kinda odd, unless they plan on something more along the lines of allowing debit but not credit cards, although those lines between the two are quite blurred now.

    Rick
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    Quote Originally Posted by universal4 View Post
    The wording of that is kinda odd, unless they plan on something more along the lines of allowing debit but not credit cards, although those lines between the two are quite blurred now.
    The UKGC seems quite concerned about igaming entities supplying "credit" in any form. Obviously there are people who are responsible gamblers. However, there are those who aren't. And, these type of blanket-laws unfortunately affect everyone, not just the % of people who have a problem.

    I not sure how they're going to distinguish between a Credit Card, and a VISA/Mastercard debit card, though.

    Both cards use their relevant Credit Networks. Which, according to my partner (she's a bank manager 20 years), regardless if the Card is "Credit" or "Debit" with a Visa/Mastercard functionality attached, the purchase online will always be processed as "Credit".

    Another rabbit hole in the making with this one!
    ---
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    Quote Originally Posted by AussieDave View Post
    I not sure how they're going to distinguish between a Credit Card, and a VISA/Mastercard debit card, though.

    Both cards use their relevant Credit Networks. Which, according to my partner (she's a bank manager 20 years), regardless if the Card is "Credit" or "Debit" with a Visa/Mastercard functionality attached, the purchase online will always be processed as "Credit".
    Can definitely be done - I've bought things on sites before where after entering your card number it says "Visa Debit". I'm assuming debit cards have a different first four numbers compare to credit cards)

    Also until recently (when it was banned) most travel firms would charge a processing fee for credit cards but not debit cards. So again the system is there.

    The new rules are just to stop people betting on credit, not to stop people using cards in general.
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    PS. Yep - first six numbers will identify if it's debit or credit, see here: https://binlist.net/
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    baldidiot.net - Baldys affiliate blog. Will get updated one day. Maybe.

  18. #14
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    Yes it is like that, but with all the new cards and kvazibanking systems this flagging of cards is becoming obsolete. I think one of my Revolut debit/prepaid cards was marked as Credit for example. But maybe the system will be just in UK for UK, so they will be able to monitor most of the cards.
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  19. #15
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    Quote Originally Posted by Sherlock View Post
    with all the new cards and kvazibanking systems this flagging of cards is becoming obsolete. I think one of my Revolut debit/prepaid cards was marked as Credit for example. But maybe the system will be just in UK for UK, so they will be able to monitor most of the cards.
    I hardly ever use my Visa Debit in every day life. Predominantly, it's used only online. However, I recall using it on an FPOS store machine (using the Credit Button). That was sometime last year. And it came up as Debit (just checked the receipt). However, I used it the other day to purchase petrol, same scenario, and that came up as "Credit"... So Im guessing the system has changed here, too.

    And as Sherlock suggests, maybe the UK will adopt, or has adopted a screening type system, which identifies Visa/Mastercard "Credit" or "Debit"
    ---
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  20. #16
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    In all South American countries I was in all foreign cards (credit, debit, prepaid like skrill...) are taken as credit. It is really an amazing experience, because anyone who is paying here must first say if the card is credit or debit. What a waste of energy. Imagine 500 million people of LATAM, each of them on average might make 2 transactions per day. So 1 billion useless requests if the card is debit or credit. Same with paying things online.

    Also some more developed countries already introduced the contactless paying. But still you must tell if the card is debit or credit and then, because all cards are credit even the DEBIT, you must tell them if you want the bill for coke and hamburger to 3 installments.

    So the indication of the type of card was a great idea, but does not work at all everywhere.
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  21. #17
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    Quote Originally Posted by AussieDave View Post
    The UKGC seems quite concerned about igaming entities supplying "credit" in any form. Obviously there are people who are responsible gamblers. However, there are those who aren't. And, these type of blanket-laws unfortunately affect everyone, not just the % of people who have a problem.
    I think Dave hit on the most key point there.

    If they do find a way that it can be implemented correctly, it might not be such a bad thing and better for players, but as usual they will most likely screw it up somehow.

    Rick
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    Everyone who needs credit cards is screwing up even if they buy bread with them. But nearly everyone has some hard cash (some taken out from CC). So if this goes on, people will just buy more common things on credit and gamble with the hard cash. I do not know how much this helps. It is possible to top up prepaid cards from CC, Skrill too (hello only 7.5% fee). They would have to mark the money somehow and that is beyond my imagination how.

    Yes those desperate people are too stupid to invent anything (like work for example), but they are very good at inventing ways how to lose all the money.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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