PlaySafe Alliance commends Senate for targeting illegal gambling sites

The PlaySafe Alliance of the Philippines, representing licensed online gambling operators, praised recent Senate hearings for correctly identifying illegal, unlicensed gaming platforms as major sources of social harm.

Unlike illegal gambling sites, PAGCOR-licensed operators undergo strict oversight, audits, and sanctions to ensure measures like KYC (Know Your Customer), age verification, and responsible gaming practices.

The alliance supports the Bangko Sentral ng Pilipinas' efforts to protect consumers and promote financial integrity by keeping lawful activities within a regulated framework with traceable payment methods.

Licensed operators are subject to rigorous oversight from PAGCOR, which mandates robust Know-Your-Client (KYC) and age verification protocols, as well as responsible gaming mechanisms designed to protect players.

The PlaySafe Alliance warns that delinking licensed operators from online payment platforms could push gamblers into unregulated areas of the internet where harmful activities are harder to monitor.

Licensed operators provide robust protection through rigorous oversight by PAGCOR and adherence to strict regulatory standards, ensuring a safe and sustainable online gaming environment.