Quote from: wiss19 on Today at 05:06:42 PM

Quote from: Sanitough on September 26, 2023, 09:36:02 AM

Other countries have probably already banned it, with the latest being Australia.

Australia publishes legislation to enact credit card gambling ban

For me, it's not the credit card system that should be blamed; it's always on the gambler. Actually, not all gamblers who use credit cards are addicted to gambling. I think only a few are addicted, so with the ban, it will sacrifice those who are responsible. It's not fair in my opinion.

Maybe you can't blame the system for someone getting addicted to gambling, but that system is actually providing them with the opportunity to gamble more even if they don't have the funds at hand at that moment. When you don't have a credit card, and only have a limited amount available, once you gamble that amount, you will have no more money to keep gambling maybe with the hope of recovering something back, and that might make you stop right there.

But when you have a credit card with available credits, you can simply keep gambling without stopping, maybe your intention is to only get back some of the money you've lost but you will eventually keep losing and those losses are all debts piling up on your name in the bank which will leave you with nothing in a very short period of time.

Having a credit card being used in gambling is literally tempting. No wonder there are lots of people who are falling for gambling addiction in most countries with active credit cards. There are already countries that are planning to ban gambling sites in credit cards because lots of credit card holders these days are falling into addiction.
I think credit card companies are offering opportunities yet it is our personal responsibility to spend wisely as we all know the struggle of having huge debt. We should only gamble what we could afford to lose and using borrowed money for gambling will never be a wise idea because we will only end up chasing our losses.