DraftKings Ends Credit Card Deposits to Protect Customers
URGENT UPDATE: DraftKings has just announced it will stop accepting credit card deposits from its American customers, effective Monday, August 25. This significant decision aims to minimize gambling harm and prevent overspending among players.
The move impacts both DraftKings’ Sportsbook and Online Casino, as the company communicates to users that credit card details will be automatically disabled starting on the specified date. By eliminating credit card usage, DraftKings seeks to help customers avoid costly cash advance fees and high-interest rates associated with credit card transactions.
DraftKings emphasized that this strategic decision is voluntary and not mandated by regulators. However, it enhances compliance in states where credit card gambling is prohibited. This change aligns with broader industry trends toward safer gambling practices, a shift that has gained momentum across the American gaming sector.
The decision follows previous scrutiny faced by DraftKings in Massachusetts, where the operator was fined $450,000 for allowing customers to use credit cards for funding their accounts. This latest move aims to reinforce responsible gambling measures and ensure customer safety.
While the new policy will not affect DraftKings’ daily fantasy sports products, it highlights a critical shift in the gambling landscape. As the industry moves towards more stringent regulations, operators like DraftKings are reevaluating payment methods to protect their customers.
This development is crucial for players currently using credit cards for their gambling activities. Those affected will need to consider alternative payment methods as the deadline approaches.
Stay tuned for further updates on this evolving situation as DraftKings and other operators adapt to the changing regulatory environment.
