The ban will take effect on April 14 and comes after a lengthy period of review and public consultation undertaken by the commission between August and November previous year.
"Research shows that 22 per cent of online gamblers using credit cards are problem gamblers, with even more suffering some form of gambling harm".
Neil McArthur, Gambling Commission chief executive, said: "Credit card gambling can lead to significant financial harm".
Mr McArthur said the ban needed to be backed by other action, while SNP MP Ronnie Cowan, who has spoken out about the gambling industry, added: "This is welcomed but we mustn't take our eyes off the prize and that's a completely new gambling act". Moreover, gambling with money they do not actually own could prevent players from actually realising the extent of their gambling, not to mention it could lead to chasing losses to a great extent, too.
Culture Minister Helen Whately said: "Whilst millions gamble responsibly, I have also met people whose lives have been turned upside down by gambling addiction".
28-Year-Old Panthers Linebacker Luke Kuechly Shockingly Retires From NFL
This is yet another in a long line of prominent National Football League players announcing their retirement before the age of 30. Replacing Kuechly at this stage of his career, still seemingly in his prime, will be hard for the Panthers.
Vela: Chicharito to LA 'great signing for everyone'
The Galaxy could end up paying a transfer fee somewhere in the neighborhood of $10 million for the star Mexico striker. He has appeared in just two league games for Sevilla since November 2.
Arizona Wildcats at Oregon State Beavers Betting Pick
Arizona State leaped out to a 13-4 lead into the primary quarter, holding Oregon State scoreless for the last 8 minutes. The Arizona Wildcats have scored an average of 82.4 points per game this season while allowing 64.7 points per game.
In one case where a gambler was allowed to rake up debt, however, one Katie, a 42-year-old accountant, managed to spend £125,000 using her credit card in a few months in 2017, with the names of LeoVegas and Casumo involved, prompting the regulator to step in and take action.
"Gambling is a public health issue and mobile technology gives people access to gambling anytime, anywhere". Operators must do everything they can to minimise the risk of gambling related harm.
"We will continue to work closely with the regulator, operators and charities to ensure we're providing a straightforward, effective self-exclusion scheme for consumers".
Brigid Simmonds, chairwoman of the Betting and Gaming Council which represents the industry, said: "The Betting and Gaming Council is a body firmly committed to raising standards, safer gambling and change".
Picture: Credit cards (SOPA Images/SIPA USA/PA). The ban will come into effect on April 14. Despite forming a new safer gambling initiative late a year ago, these operators are still suggesting that credit card use is not a direct factor in causing gambling harm. By the time the consultations were coming to an end, the commission's officials had already shifted gears to a total ban. Anyone with a serious gambling problem, willing to fund gaming accounts with a credit card in the first place, are also going to be willing to use their credit card in conjunction with other permitted payment options to get around the ban. "On a positive note, the use of credit cards to gamble online had been a key negative put forward by anti-gambling campaigners so the resolution could be a good move for the industry".