SB 265: Prohibition of the Use of Credit Cards for iGaming
Overview Resources
- US Standard: There is no federal-level prohibition on using credit cards for online gambling; regulations vary between states.
Big Concept Resources
- State Standard
- Gambling as recreation with risk
- Credit cards as financed gambling (scroll to p 18 “Overview…associated risks)
Pros
- Govt regulates what it permits
- Credit card gambling is a loaded premise
- Internet gambling circumvents localized regulation
- Online gambling anonymity invites fraud
- Gambling risks multi-area decline
Cons
- Gambling data are considered personal expenses
- Gambling transactions are not part of credit histories
- E-Payment solutions are available
- A PA gambling credit ban may trigger broad credit cancellation