Colorado Bans Credit Cards for Gambling: New Rules Aim to Protect Vulnerable Bettors

Colorado has implemented new gambling rules that ban the use of credit cards for betting, aiming to protect vulnerable bettors. The new regulations also exclude e-wallets topped up by credit cards.

Senate Bill 26-131, passed in May by the Colorado General Assembly, enforces these changes. State Sen. Matt Ball, one of the co-sponsors of the bill, aims to protect vulnerable online sports bettors from the pernicious impact of gambling. The first reports on gambling expenditures will be issued on February 1, 2028, and every three years thereafter.

In addition to the credit card ban, the new rules introduce a limit on how much can be deposited in 24 hours on a rolling basis. Operators are required to inform consumers about the changes, helping to safeguard consumers at a time when gambling is picking up fast, and putting people at risk.