Connect with us
SIS

Latest News

UK Gambling Commission Issues Reminder on e-wallets to all Industry Stakeholders

Niji Narayan

Published

on

UK Gambling Commission Issues Reminder on e-wallets to all Industry Stakeholders
Reading Time: < 1 minute

 

The UK Gambling Commission (UKGC) has issued a reminder to all industry stakeholders that its call for evidence on its “gambling with credit cards consultation” will be closing on November 6.

The UKGC launched its credit card consultation on August 14 after they finished their initial responses on July 24. A total of 110 responses have been submitted to the UKGC’s first stage of its credit card consultation.

Within the next phase of research, the commission has stated that it now aims to conjure evidence which is in relation to the options of either “banning or restricting” credit card transactions across all forms of remote gambling.

“The preferred option for most who responded to the call for evidence was to prohibit gambling online with credit cards in order to achieve this aim. We will take the most appropriate course of action in view of any further evidence obtained during this consultation, alongside the data already submitted,” UKGC said.

Within their update, the commission has stated that it requires evidence from e-wallets, in order to address concerns related to transparency, as operators have no means of which method of payment was used – “debit card, a credit card or a separate balance within the e-wallet.”

“We will be writing to e-wallet providers at the start of the consultation and we encourage them to consider, and provide details of, the solutions they can deliver to facilitate any regulatory change,” the update stated.

Advertisement
NSoft at ICE2020

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.