Philippine lawmakers are moving to restrict the ease with which e-wallets can be linked to online gambling applications, citing growing concerns over gambling addiction and its impact on individuals and families.
The proposed legislation seeks to implement stricter controls to mitigate the pervasive accessibility of online betting through popular digital payment platforms.
E-Wallet Limits for Gambling Apps
The initiative comes amidst a rise in online gambling, with e-wallets offering seamless transactions that have made betting platforms readily available to a wider demographic, including potentially vulnerable individuals.
In addition, legislators highlight the need for enhanced safeguards to prevent excessive gambling and potential financial distress.
While the specifics of the proposed limitations are still under discussion, the general sentiment among proponents is to introduce measures such as transaction limits, mandatory cooling-off periods, or more stringent age verification and identity checks specifically for gambling-related transactions via e-wallets.
This legislative push underscores a broader government effort to regulate the rapidly expanding online gaming sector in the Philippines. Authorities aim to strike a balance between allowing regulated gaming activities and protecting citizens from the adverse effects of unchecked online gambling.
Moreover, the measure is expected to undergo further deliberation as lawmakers seek to craft a comprehensive bill addressing these concerns.
Started his freelancing adventure in 2018 and began doing freelance Audio Engineering work and then started freelance writing a few years later.
Currently he writes for Gadget Pilipinas and Grit.PH.
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