Mastercard, Visa Face Scrutiny Over Payments to Illegal UK Gambling Sites

Mastercard and Visa are facing scrutiny for their involvement with unlicensed gambling websites in the UK, following an investigation by Investigate Europe. The investigation revealed that both companies processed payments for several sites that lack the necessary gambling licenses, despite prior commitments to avoid facilitating illegal activities. Mastercard was found on nine such sites, while Visa appeared on two, with both companies profiting from transaction fees. Customers reported significant financial losses and difficulties withdrawing winnings from these platforms, raising concerns about their credibility and the risks they pose to players. The UK Gambling Commission is aware of these issues and is taking steps to address them, amid ongoing criticism of the payment processors. Both Mastercard and Visa stated they are investigating the matter and reiterated their commitment to preventing illegal activities on their networks.