PBBM flags online gambling's toll on Filipino families

President Ferdinand R. Marcos Jr. expressed concern over the negative impact of online gambling on Filipino families, emphasizing responsible use of technology.

The President acknowledged that while digitalization offers benefits, it is also exploited for scams, misinformation, and gambling, making it easier for people to engage in the activity.

Marcos specifically noted that online gambling leads to the destruction of families when used irresponsibly.

His statement aligns with growing calls from lawmakers and civil society for stricter regulation or prohibition of online gambling operations.

The Bangko Sentral ng Pilipinas (BSP) is drafting a circular requiring banks and e-wallet providers to implement safeguards like transaction limits for gaming to protect consumers.

The Department of Finance (DoF) is considering policy proposals such as additional taxes on online gaming, mandatory listing of e-gaming firms on the Philippine Stock Exchange, and access restrictions to digital betting platforms.

Proposed measures include time or cash-in limits on players, more prominent warnings about gambling risks, and prohibiting government officials from participating in online betting.