Call for new betting laws to stop credit card betsWednesday 09 July 2014 22.46
A Labour TD has asked that new betting legislation contain a clause that would prohibit bookmakers taking bets from customers who use their credit cards to pay for the bet.
Deputy Arthur Spring was speaking at tonight's meeting of the Oireachtas finance sub-committee as it debated the committee stage of the Betting (Amendment) Bill 2013.
The Kerry North TD said that in order to place a bet you should have money on you or you should have access to a debit card.
"With the ease of access to credit cards, I am suggesting that we just allow the transactions take place from debit cards, rather than credit cards," said deputy Spring.
He said that no bookmaker would give credit for bets, so why should the credit be offered in the form of credit cards, given the addictive nature of gambling.
Minister of State, Fergus O'Dowd said he would ask the Minister for Finance to consider deputy Spring's comments.
Deputy Spring said that he believes that it could be a way of stopping addiction.
He said it may be a healthier development for people to bring cash to a bookmakers' shop rather than building up debts with only credit card funded gambling.