Studies revealed a significant increase in the use of crypto casinos by global organized crime networks. These platforms, relying on cryptocurrencies, present growing challenges due to their anonymity and the difficulty of tracing transactions. The report highlights a recurring pattern of illicit actors exploiting blockchain-based gambling sites for money laundering and financing illegal operations worldwide.
This analysis was endorsed by (AGB) and discussed during the recent ASEAN Gaming Summit, a crucial regional forum for gaming industry stakeholders.
The Philippine gaming regulator PAGCOR characterized the findings as an urgent call to action for regulators and industry leaders, noting that the evolving challenge demands immediate and coordinated frameworks to safeguard the gaming sector and uphold financial integrity in Manila.
Legally, the core framework is Presidential Decree 1869 (PAGCOR Charter) and its amendment Republic Act 9487 (2007); for anti‑money laundering, Republic Act 9160 (AMLA) as amended by RA 10927 (2017)—which designates casinos as covered persons—and RA 11521 (2021)—which strengthened compliance and aligned with FATF principles for virtual asset service providers (VASPs).
However, the inherent pseudonymity and mobility of blockchain transactions complicate enforcement under existing laws. Authorities are considering updates to incorporate blockchain‑specific compliance measures, such as enhanced know‑your‑customer (KYC)/EDD, VASP registration, and real‑time transaction monitoring consistent with BSP/AMLC guidelines.
Discussions at the event stressed the importance of cross‑border cooperation to counter the transnational nature of crypto‑casino crimes.
ASEAN Strengthens Actions Against Illegal Online Gambling in Collaboration with China
Economically, unregulated crypto casinos threaten the stability and reputation of the Philippines’ gaming sector, which contributed over $6.0 billion in 2024, with ₱214.75 billion in gross gaming revenue in the first half of 2025 (+26% y/y). Illegal exploitation could deter legitimate operators and damage international partnerships, straining diplomatic relations within ASEAN countries pursuing a unified regulatory approach. The government’s July 2024 order to shutter POGOs over criminal links underlines the broader enforcement pivot against illicit operations.
Operationally, while new regulatory demands may increase costs for licensed operators, these measures are considered necessary to reduce systemic risks. As this crypto casino cyclone intensifies, Manila stands at a pivotal moment to build a regulatory fortress against illicit financial flows and preserve sector integrity.
