ShareOne of the world's leading online payment systems has introduced a new software that can block gambling transactions. Gamban is a software that individual users can put on their PayPal account to prohibit themselves from making gambling purchases when their willpower simply isn’t enough.
Simply put, Gamban is a software for those who struggle with gambling addiction. Here’s how it works on PayPal.
In a statement from the Gamban official website, officials expressed their concern over the utilization of PayPal to fund excessive gambling habits:
“PayPal expressed "extreme concern" after learning that its service was being abused to fund "excessive online gambling”. It also stated that it had reviewed controls and was tightening payment rules.”
The Gamban software is available for all PayPal users in the United States and the UK. The software has the ability to block transactions including games of skill or chance which require entrance fees and rewards winners.
Gamban can also block all casino games if activated, including craps, faro, baccarat, blackjack, pachinko pai gow, roulette, and virtually any other casino game imaginable. It also can block all horse or dog races, including:
- Simple betting (betting between individuals).
- Sweepstakes betting, where large entry fees, or stakes, are pooled and awarded to winners.
- Bookmaking betting, where speculators offer odds against each horse or dog and accept bets against their predictions.
- Pari-mutuel betting, where betting odds on a given horse or dog are derived from a comparison between the total amount wagered on the animal and the total wagered on all the animals in the race.
- Off-track betting (OTB), where players bet on a race taking place in a location outside of where the bettor is situated.
Gamban is also able to block the purchase of lottery tickets, person-to-person betting and gaming machines.
As online gambling continues to be on the rise across the UK and US, there is a growing concern in the two nations that healthy gambling habits are diminishing as people start to become accustomed to legal online gambling.
Just last week, another state in the US launched legal online gambling. Both nations have instilled checks to individuals’ gambling purchases. In 2020, the UK Gambling Commission introduced a ban on using credit cards to make gambling-related purchases. Banks in the UK are also allowing their members to put a ban on all gambling purchases from their accounts.
Online gambling is a huge market and it stands to make certain people a lot of money, but with it comes a responsibility to ensure users are taking part in healthy gambling habits. The introduction of Gamban to the largest online payment site is most certainly a step in the right direction.
