UK may ban use of credit cards for gambling
Likely impact to be scrutinised in possible move to protect people from excess wagering
Gambling companies say credit cards fund 10-20 per cent of the total their customers bet with them.
UK gambling regulators are considering banning consumers from using credit cards to fund betting in a move that could hit Irish giant Paddy Power Betfair.
The UK Gambling Commission says that it fears allowing wagering on credit cards increases the risk that consumers will bet more than they can afford.