The Philippines is preparing to expand its online gambling industry by allowing local residents and domestic operators to participate in betting. The goal is to target more overseas markets and introduce new services such as online cockfighting and horse racing. This move is intended to boost gaming revenues, which could aid in funding the country’s recovery from the COVID-19 pandemic. Critics are calling for increased safeguards to regulate the industry, which has been associated with money laundering and other financial crimes, as online betting becomes more prevalent.
