As online gambling gains traction in the Philippines, lawmakers and regulators are taking coordinated steps to limit the role that digital financial platforms play in enabling access to betting websites and apps. A series of proposed laws and central bank policies aim to restrict how e-wallet services promote, facilitate, or connect users to gambling operations, citing growing social and financial harms. Proposed Legislation Seeks to Penalize E-Wallet Involvement On July 1, five members of the House of Representatives introduced House Bill 721, known as the Anti-Online Gambling Promotion in E-Wallets Act. The bill targets e-wallet platforms that, through their apps, offer access to or advertise gambling activities. The authors — Reps. Jonathan Keith Flores, Jose Manuel Alba, Audrey Zubiri, Laarni Roque (all from Bukidnon), and Arlyn Ayon (Swerte Party-list) — underscored the urgency of limiting how financial technology intersects with the gambling industry. Though lawmakers acknowledged the essential role e-wallets play…Â Read More
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Source: Casino News Daily
