1. CombatingProblem Gambling
It is clear this new ban on credit card gambling in the UK will assist the fight against problem gambling. Preventing those most at risk from the convenience of instant lifelong debt is a great achievement. Making it far more difficult for the vulnerable to be exploited is the goal of all governments. This new regulation merely focuses on one particular weakness. With luck, it will be the first of many sensible steps towards an entirely new gambling bill for the UK in the 21st century.
2. Tighter Regulations Are Better
After their success fighting the scourge of Fix Odds Betting Terminals, this was always going to be next. The bookies had been getting away with dangling debt before their punters for years. This new ban on credit card gambling in the UK another statement of intent from the government that fleecing its citizens is no longer okay. Gambling with a credit card in the UK is hardly necessary. Especially not given the numerous debt-free alternatives available at Bet365 etc.
3. Clamping Down On External Debts
A lot of reputable online sportsbook sites in the UK, like Bet365, already do what they can to prevent problem gambling. This new ban on credit card gambling will, therefore, give them more ammunition to do so. It will also mean a reduction in the amount of UK debt held overseas. In these harsh economic times, such small measures can have a big effect. It will also prevent foreign criminals and fraudsters stealing from our bookies. Something the bookmakers should thus welcome.
4. Free From Debit Fees
There was no one with a vested interest in the situation before this ban on credit card gambling in the UK. Not bookies, banks nor punters. Indeed gambling without a credit card in the UK is hardly impossible. Therefore this is no different, it just has a built in limit of the amount of money you actually have. The removal of the fees and interest owed on gambling debts will, without doubt, be of benefit. It’s one thing to owe for your losses, but another to be charged extra for having them.
5. A Boost To The National Lottery
The ban on credit card gambling in the UK doesn’t affect the National Lottery. It is excluded. Thus we can expect to see a rise in the number of people partaking, due to convenience alone. This will, therefore, increase the amount available for good causes supported by its funding. So, in effect, this ban will aid numerous charities, and not just those concerned with gambling. This is actually one of the better thought out UK gambling laws. Its benefits will be very diffuse.
6. Spreading Social Responsibility
Governments can’t stand idly by. Thus they are duty-bound to ensure their citizens aren’t subjected to the machinations of forces they can’t combat. We have armies for just such a purpose as this. The ban on credit card gambling in the UK is just another sign that this new Conservative government cares. Cares enough to prevent abuses, even those inflicted upon ourselves. They will not curtail our freedom, but they will bar us from fiscal suicides.
7. Putting The Topic To Bed For A Bit
One of the most hoped-for benefits is that this ban on credit card gambling in the UK will satisfy the media. That they will find other things to report on. That they will not assail us with these extremist tales of wild debts and stupid consumers. Bookies in the high street, like online gambling sites in the UK, have had enough of this negative publicity. It’s time the media ran some alternative gambling stories. Perhaps highlighting the pleasures of a little flutter every now and then.
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We run down seven reasons why the British governments’ new ban on credit card gambling in the UK is a great way of combating the multifaceted issues of problem gambling.