Argentina’s government is moving to restrict banks, payment firms and crypto providers from serving unauthorized online gambling platforms as part of a broader crackdown on digital betting.
The government presented a Bill for the Prevention of Gambling and Regulation of Online Gambling to Congress, according to an official notice from the Ministry of Health.
The bill seeks to address gambling addiction by tightening rules on payments, advertising and access to betting platforms. The legislation directly ties gambling regulation to financial infrastructure, including payment systems and crypto rails, potentially reshaping how unauthorized betting platforms access payment and crypto rails in Argentina.
Local authorities have already taken action against prediction markets, with Argentina’s national communications and media regulator instructed by a court in March to block access to Polymarket.
The case was brought by the Buenos Aires City Lottery, the state-owned entity responsible for regulating gambling in the city.
Argentina Proposes Bill to Block Crypto Payments for Illegal Gambling
Argentina is taking a tougher stance on online gambling, with lawmakers proposing a bill that would prohibit the use of cryptocurrencies for illegal betting activities.
The move highlights how regulators… pic.twitter.com/evaD20SUQF
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