Philstar
House bill proposes up to P5M fine, license loss for e-wallets promoting online gambling
Five congressmen filed House Bill 721, the proposed Anti-Online Gambling Promotions in E-Wallets Act, aiming to prohibit e-wallets from facilitating online gambling.
The bill makes it unlawful for e-wallet operators to redirect users to online gambling sites, distribute betting information, display gambling advertisements, or promote gambling activities.
Violators will face fines of up to P5 million, and a third offense could result in the permanent revocation of their business license.
Lawmakers noted that e-wallets have become a troubling gateway to gambling, providing direct access to digital casinos and sports betting platforms.
They also expressed alarm over the growing use of e-wallet loans to fuel gambling habits, creating a vicious cycle of addiction.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Senator Risa Hontiveros has filed the "Kontra E-Sugal Act" to ban online gambling access through e-wallets and super apps, aiming to safeguard Filipinos from its harmful effects.
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A bill has been filed in the House of Representatives seeking to regulate online gambling platforms to combat worsening gambling addiction, particularly among the youth.
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Senators Pia and Alan Peter Cayetano have filed a bill proposing a ban on all forms of online gambling in the Philippines, citing its addictive nature and association with criminal activities.
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Senator Sherwin Gatchalian has proposed a bill seeking stricter regulations for online gambling in the Philippines to combat rising gambling addiction, particularly among the youth.
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FinTech Alliance Philippines, representing over 130 corporate members including major banks and e-wallets, supports the Bangko Sentral ng Pilipinas' (BSP) enhanced measures to curb problems related to online gambling.
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