The Gambling Commission, which polices the gambling industry, has said it will stop betters using credit cards.
Neil McArthur, the Gambling Commission’s chief executive, says:
“Our role is to make gambling safer, and today we’re announcing a ban on using credit cards to gamble, as the evidence shows it can lead to significant harm.
“We know that 24 million adults gamble, and we know that 10.5 million adults gamble online. We also know that 300,000 adults are problem gamblers, with more at risk of experiencing problems from gambling, and that’s simply unacceptable and needs to dramatically reduce.”
“In relation to credit cards, UK Finance suggested in the evidence they gave us that 800,000 people use credit cards to gamble, and our research suggests that more than 20% of those credit card gamblers are problem gamblers, and more are at risk, and that’s why we’ve taken action.”
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Gambling in Nigeria
Gambling in Nigeria was largely unregulated until 1990. After the Criminal Code Act was endorsed in 1990, the law of gambling was instituted and the Nigerian government clear exactly what constitutes illegal gambling.
Illegal gambling in Nigeria includes roulette, disc games, non-skill based card games, chacha, cowrie games, and any games of chance that do are not favorable to the players.
These laws include both operators and players, but penalties for illegal gambling operators are far more severe.
The Criminal Code Act also made it illegal to import or own any slot machine games, with the exception of land-based licensed casinos.
It is well acknowledged in Nigeria that online gambling is not yet regulated. The Criminal Code Act does not particularly talk about internet gambling in Nigeria, although if a website offers any outline of gambling that is illegal under Nigerian law, the website itself would also be illegal.