August 13, 2025 | 12:00am
MANILA, Philippines — Laws on setting the minimal guess and implementing stricter know-your-customer (KYC) necessities could assist curb on-line playing dangers, in accordance with the Workplace of the Particular Assistant to the President for Funding and Financial Affairs (OSAPIEA).
“I believe on stricter laws, there are some things which are attainable there,” SAPIEA Frederick Go stated throughout the Financial Journalists Affiliation of the Philippines Financial Discussion board 2025.
Go stated among the many laws that the federal government ought to significantly contemplate are elevating the minimal guess and setting an entry degree requirement for the usage of on-line playing platforms.
“One is you may put a minimal guess, for instance, as a substitute of P1 guess… That already reduces the frequency by placing a minimal guess,” he stated.
He stated setting a minimal quantity to enter or use an internet playing platform would additionally discourage folks from coming in and betting every thing they’ve.
For Go, stricter implementation of KYC necessities is also an efficient means of making certain that these prohibited from playing usually are not capable of have interaction in it.
Authorities staff and people under 21 years outdated are prohibited from participating in on-line playing.
Earlier, President Marcos stated he needed consultations to be carried out with numerous sectors on the proposal to ban on-line playing.
There are rising calls to impose a complete ban on on-line playing because of its dangerous results on weak sectors together with the youth.
Marcos stated there’s a have to give you a plan to deal with the social results on youngsters and people who are hooked on playing.
Payments in search of to deal with the adversarial results of on-line playing within the nation shall be tackled by the Senate committee on video games and amusement this week.
