Illinois regulator adopts rule to ban credit cards to fund online gaming

by SBC Americas
3 minutes read
The Illinois Gaming Board is changing its policies regarding sportsbook payments.

The gaming regulator has announced that it has adopted a proposed rule to ban credit cards to fund gaming accounts for online sports wagering. The IGB has implemented changes to its practices to protect players and promote responsible gaming.

The regulator has adopted the new rule following a review of sports wagering practices and rules as Illinois reached the five-year mark as a regulated online sports betting market.

“As part of our review, we determined that prohibiting the use of credit cards to fund sports wagering accounts is a justified and impactful advancement in Illinois sports wagering,” said IGB Administrator Marcus D. Fruchter. “There is a growing body of recent research showing that restrictions on credit usage to fund wagering accounts encourages responsible gambling and mitigates the harms of compulsive gambling.”

The proposed rule adds to existing standards in Illinois regarding cred..

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