Credit card bans introduced in Ireland.

[mv1986]

Why are the offline and online shops affected in this one, shouldn't it be the gambling alone that's affected by the credit card ban and what's the story behind the ban of credit cards in Ireland? That's a really strange ban in my opinion.

It is indeed a strange ban, also considering that Ireland is the financial hub for many other questionable corporate activities. Low tax paradise, protecting companies like Amazon against endeavors of the European Union to raise taxes properly. I just wouldn't have expected such a move by Ireland first. It more sounds like a typical move from the Scandinavian countries who are traditionally very cautious.

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[ipanks]

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

Yes, I think that is because of complaints from some credit card companies that do not get paid by the credit card customers so they report to the government. Then the government follow up the report by investigating the money sending. If those gamblers can find that the crypto can be their solution to continue gambling, they will buy it using their credit card and send it to the gambling site. If so, that will give another problem to the credit card companies.

[Mahanton]

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

Yes, I think that is because of complaints from some credit card companies that do not get paid by the credit card customers so they report to the government. Then the government follow up the report by investigating the money sending. If those gamblers can find that the crypto can be their solution to continue gambling, they will buy it using their credit card and send it to the gambling site. If so, that will give another problem to the credit card companies.

For sure they would really impose another ban or restriction if there would be some complaints if they would intend to make use of their CC's on buying up crypto and this would might result for another problem.
Honestly it is really too hard to get rid on how those credit card users would gonna do into their cards since they are really given some opportunity on what they had applied to have a credit card.
It is just uncontrollable for its users on how they do gonna use it and its just normal that government would really take some action if there would really be some rampant complaints about
this situation or in regards to this manner.

[AakZaki]

It's funny, but the state has the right to regulate all that. I think they have analyzed all sources to decide against using credit cards. I heard the ban came at a time when what was at stake was underway. This is done for security reasons. Not only that, gambling ads are also not displayed while the sport is in progress. This agreement has been approved by the IBA. At least it will be at the end of this year.

[qwertyup23]

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

I agree with you on the issue about the non-payment of dues. The problem with most gamblers is that, once they get addicted, they resort to all possible ways just to recover their losses. As an addicted gambler with a working credit card, they would be able to gamble using the maximum credit allowed for them, then just run away assuming that they cannot pay their outstanding balance.

That is the reason on why credit card bans were introduced. Though I do not have actual data as to the gambling activity in Ireland, I would assume that the fact that these companies prohibit such mean that gambling activities in the country are relatively high.