Credit card payments will no longer be accepted in betting shops and online betting during live sport as part of an updated code of conduct that will be introduced by the Irish Bookmakers Association (IBA).
Restrictions on betting advertising during live sport will also be introduced as part of the new code, which is hoped to be fully operational by the end of the year.
Some of the changes will also include restrictions on pre-watershed television betting advertising, which will not be shown from five minutes before a live event until five minutes after a live event.
Horse racing and greyhound racing will be exempt from this rule.
Although gambling advertising had already been banned before 9pm, it wasn’t extended to live sporting events.
Chairperson of IBA ‘Sharon Byrne’ stated that the new regulations are not the answer to gambling issues while adding that she believes that more can be done within the forum provided by the regulator.