Study reveals: Jumbo Interactive unregulated prize draws led to credit card debt

Jumbo Interactive research revealed that nearly one in 10 people who have entered ‘big ticket’ prize draws, which offer luxury houses or cars, or other prize competitions, have ended up in debt as a result. The study shows that consumers have accumulated a total of £117m ($157m) of credit card debt on unregulated draws and competitions in the last year. Although the use of credit cards to gamble has been banned in April 2020, t...