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Tom Watson: Labour would ban gambling with credit cards

A fixed-odds betting terminal Deputy leader Tom Watson will this week publish the conclusions of the partys year-long review of gambling regulations, which were liberalised under Tony Blairs government in 2007. The full list of proposals will not be revealed until Thursday, but they include a blanket ban on the use of credit cards to bet, a practice that campaigners have said risks miring gamblers in ever greater debt . Companies in the online gambling sector have indicated that 10%-20% of their 43bn in annual deposits, or up to 8.6bn, are made using credit cards, according to a report by industry regulator the Gambling Commission earlier this year. It did not publish estimates for high street bookmakers and casinos. Number of problem gamblers in the UK rises to more than 400,000 Gambling addiction is this countrys hidden epidemic, but there are too few protections to help people who are suffering or at risk, Watson told the Guardian. Debt-financed betting on credit cards is wrong.

For the original version including any supplementary images or video, visit https://www.theguardian.com/society/2018/sep/19/tom-watson-labour-would-ban-gambling-with-credit-cards

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