Bitcoin Forum

I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.

Honestly, I hate it and I think that this feature should be removed so as to protect consumers from potential harm promote responsible financial practices and maintain the integrity of financial institutions. Bodies in charge of betting regulations should start here by establishing guidelines or restrictions prohibiting betting features within banking and financial apps. My submission is that betting features on any banking or financial apps should be removed to discourage compulsive gambling and irresponsible gambling. Do you agree with this perspective?


The above image is the UX for a mobile baking app in my country.

Well the banks are out for business so what do you expect in that situations,  and from what you displayed that bank app should be opay and that feature doesn't give you the chance to place a bet directly as you said,  but the feature is to fund your betting account.

That been said,  there is high security threat going around for a while now,  and some customers of those banks that allow for direct bet,  which means banks directly involved in the gambling where the customer can place bets,  buy lottery tickets and make every other gambling activities have recorded cases of customer security exposure that have led to customers find being transferred to an unknown gambling account,  this in most cases are untraceable.

@Davidvictorson it is paramount that,  at this point, you need to take every responsibility for the security of your money.

I never saw such features on the official bank apps I am using but I guess it varies depending on the regulations of your country. So if the country allows banking institutions to partner with sportsbooks then I don't see what is the problem here.

If someone is not interested in using the feature then they won't but we can't do anything to stop them which is allowed in the name of law.

But what is the point of this proposal, are you against the idea of betting via banking apps? or betting at all?

It all depends on the kind of app being used in making the features, you will agree with me that not all the banking apps allow any kind of adverts on the use of their apps, especially those of a reputable standard, the one i know that is very common is the use of banking apps in paying bills, but I don't think this is also possible in countries where there's ban on the use of cryptocurrency by their banks, i want to believe that a well reputable bank app cannot redirect you to the official gambling site right from the use of their app.

Is that not Opay? You can not use that feature to bet directly, but you can use it to easily fund your local betting site account through either your phone number that you registered on the betting site or by using your UID of your account on the gambling site.

What has advantage also has a disadvantage and I bank apps are not different, this is Opay mobile bank app and what I love about them is the lightening transaction you get, there is currently no any app like Opay that is as fast as them and there customer support has improved a while now, unlike then when you have to run after them for a failed transaction.

The problem here is that betting companies are the ones that do partner with them, when you check the betting feature, you will found out that there are list of betting site they support which means they are like partnership to improve gaming and gambling. However, I think the company should know better that such UX could increase gambling addiction because they have lightening payment, very easy to deposit money into gambling platforms; there should be an option where it can be disabled or may be by default, it's shouldn't have appear there until the user wish to do so.

Another thing I found insecure about this feature is that any person close to you that knows your password can make use of the betting deposit without you the owner realizing they do it until you check your balance. People can even beg you to help them fund their betting site if they know that you use the app.

It's the same for the bank app i'm using but it takes more clicks and it's not as obvious as having a betting button on the home page. I honestly don't mind the feature because there will be gamblers who'll find it convenient and people should get used to seeing these features because it's only a matter of time until the others start partnering up with casinos. I understand that this feature could trigger new people to start gambling but there's no way to stop these banks from doing the changes they want within their app.

I for one think that any betting or gambling features on our mobile banking apps also qualify as a financial service or business service offered by the banking app owners. Money is involved after all, some even allow using crypto to gamble or bet, so why should it really matter the presence of a gambling feature on the banking app?

Everyone has the reasons why they use the banking apps and if for some it's to transact, pay for services or goods, apply for easy short loans, for others, it might just be that the gambling feature suits their preference and is easier to use than a regular gambling or betting app. Gambling is a personal choice and such a feature if ignored, poses no threat or harm to the user of the app.

For the banking that I use, there is no this feature, obviously the country prohibits it, but there are several other countries that allow this feature or partner with other betting sites, I don't think I would be surprised to find this in a mobile banking application because the country allows gambling or so-called legal.

Even if you hate this feature, this is their condition because it's a partner, while you don't want to use this feature, just ignore it, maybe you'll think it will affect other people, but that's their responsibility, even though you have to be able to handle it yourself.

I can understand your point. Financial apps today, has  made it real easy to fund your betting accounts as well as paying for other services. There are also gamblers who gamble responsibly who find it easy and quite useful too to fund their accounts from their banking apps.

Banks are getting smarter and of course for a small negligible fee, are  trying to provide services so account holders can easily pay different bills and fund various services without having to leave your comfort zone.
You won't take away a service cause some people have overtime become irresponsible with their habits.

This is same scenario in our country which finance app usually have the betting category thay less you to different casino that automatically create an account using your app account.

As a gambler, I find it more convenient since I don’t need to convert my fiat to crypto just to play but this is dangerous for normal user that doesn’t gamble frequently and only become curious after seeing the bet option within the app. I wonder why the regulators allow this while this clearly endangers their customers on losing their assets despite there’s a disclaimer on the casino. I agree that this feature should be remove for general welfare.

It's only the regulators who are trying to protect the people from financial destruction either from investing or gambling. They forget that banks or finance apps also have responsibilities. But it's not surprising anymore that even the biggest institutions like the SEC approved investors in engaging Futures trading but not the spot market.

Crypto wallets also can be connected to betting platforms. I think they figured they could also do it for bank apps. Ye so why not?

In my country, I have never seen these kinds of regulations in a banking app. Here, gambling is considered sinful according to our religion, but some people still get involved in it. However, I find it strange to see a gambling feature in a banking app. It's possible that the bank is advertising gambling on their app and that they are cooperating with it that allows you to use your funds for gambling, but to be honest I have never seen something like this before and I don't really like it.

A bank app should be purely for banking purposes, and gambling should be kept separate.

AFAIK, most banks are mad with any connection to gambling and that's why if a depositor has been tracked that there's some money that comes into his account from a betting site, they're putting it as a red flag. I'm not sure if that's the majority of the banks but that's what I have seen. And with that banking app that @OP shared probably has partnership with the betting app that will redirect you upon clicking that icon of betting. Well, if so then it's all about the money that that bank is for.

Yeah this law of placing accounts with gambling deposits on a red flag applies to countries where gambling is illegal and that is one of the major reasons why regulators always monitor the incoming transactions of their citizens to see who is violating the law,  and Another thing again to note is that,  banks as commercial entities will partner with whatever firm that could possibly generate steady patronage such as casinos and where the law allows it their get involve in it in full force.

J have also experienced it and it got me thinking, shouldn’t a banking app be encouraging it’s user to save their money?

Although I have never even clicked on the link despite the fact that they send the notification five times in a week and also offering some very good newbie benefits.

I think banking apps should be more selective when it comes to the type of service that they are advertising, just think of it like an app that teaches people how to become a vegan will start to advertise where to get good beef/pork meat.

It is very clear that feature is meant for funding your accounts but i got a message about placing a bet on one of these banks, either opay or palmpay I can’t recall the exact one but i was shocked when i received the message and immediately i disregard it, why would a bank want it’s customers to gamble the money they saved with them? I am still clueless.


I think we are from same country or maybe it’s the same for my country as well because I also noticed this some time ago after they sent me a notification message telling me how i can place a bet from the app. I was surprised how a bank app would have such feature, from funding your bet account from the bank app to bringing betting features to the app even when they know it's not appropriate and can have bad effect on their customers.

I agree to this OP because i know how tempting gambling can be and whenever you have money in your account even when you have plans for the money you maybe tempted to place a bet and in the end you risk losing the money you had plans for. This feature is very dangerous and will affect alot of customers so i also think it is inappropriate to make such features available on any banking and financial app. Financial institutions should rather encourage and motivate their customers on how they can save money rather than making such features available. I am really disappointed and i don't think i will ever make use of this feature, i rather make use of a real gambling casino.

What's the name of the bank? There's also an advertisement below about gambling.

Gambling and banks shouldn't be altogether because it is contradicting each other. If you go to a bank and you ask for a loan and your main reason is for gambling banks, they'll decline your request.

But that bank app in your country looks to be optimistic with gambling. I guess if you're going to file for a loan and you'll say the same reason, they'll like it more and will deposit the money straight to your account on that app.

Want to become a client? ;D

I don't think banks in the EU have that. There are rules restricting gambling that limit the access to such services.

If there are banks that offer people easy access to gambling through their banking apps I'd say it's taking things a bit too far, but then there's a problem of local laws. It's possible in some Asian countries this is completely acceptable and in accordance with the law, in which case we can't do anything but maybe stop using the bank and boycott its services.

It is not an advert, this is a feature on the banking app through which you can deposit funds to your online betting account. I don't see anything wrong with the feature, I know banks are going to make money from every deposit made to the listed bookies on the app but the betting feature was only integrated to make life easier for their customers just like every other utility features, like data, airtime, internet etc. The snapshot he uploaded is an Opay mobile wallet, which is the mobile money platform in Nigeria and I have also used Accessbank mobile app, a reputable bank to fund my online betting account.

The bank betting feature doesn't accept cryptocurrency, only fiat.

It makes betting seem like a normal thing to do to the non gambler, like the normal money people spend on bills like electricity and subscription bills, that it is normal to also spend money on betting since it is featured in bank app designs. Some people may be convinced to start gambling from it.

For another person trying to fight addiction, it makes it easier for the person to fund their betting account when they see that they have a lot of money, the amount from which they know they can gamble with, thus making things difficult for them.

But for people who are responsible gamblers, and have their gambling habit under control, it makes funding their account easier, which is also an advantage.

Fintechs do not care about gambling addiction or a user recklessly betting on a game from their app. For them, it about profit. It is purely business. So if you are addicted to gambling and seriously trying to quit, guess what, it will be difficult because with just a few taps, you are hooked and have placed your bets.

There's nothing gambling regulators can do about this because the banks and Fintech guys would consider this a threat to their profitablity and fight it with the last of their power.

If you are a person who can't stand it. You can delete the bank or financial app and register on the ones without this feature.

I checked at the internet and the ux of the site you sent  belongs to opay. Open is not a bank. It is a company that deals on many things in your country.
They are into food and delivery.
They are also into transportation.
They are also into some kind of banking and microfinance.
They are into lending.
They are into many other things.
So that is the reason they have it in their application. Just like a way that you subscribe for your television channels and network. That very icon can only help you to subscribe your betting account, and you cannot bet from there.

I've been using the app and I didn’t notice things like this, I just went to the app and I noticed it also, but what I saw is just for you to top up your account, and you can’t place a bet directly from it, you will have to visit the gambling site before you will be able to place your bet. The future is really bad because it can encourage gambling addiction. I am from your country, and I notice that the app you just mentioned is not a bank.

I think if multiple people complain about it, maybe they are going to take down the future from the app, but the future is not really making sense to me, they are making gambling so easy that even underage people can make use of it because they are going to find it very easy for them to deposit money into their gambling website.

This is my point exactly. It shouldn't be. Banks or Fintech apps and gambling shouldn't be together. It is dangerous to their large user base. Perhaps the regulatory bodies in my country have yet to see this as  a serious problem so no one is saying anything. There should be laws against this. Seriously.

You do know that even investment and trading options banks have on their apps are just different forms of gambling right? In fact, many financial activities involve you betting on an outcome. Even insurance is a bet against outcomes, if you think about it!

That said, agreed. I love a bet, but those have no place on a banking app. You're using what they call a superapp (app that does everything). Popularised in Southeast and East Asia, extremely slow in coming to Europe. I'm a fan of those apps, very convenient. Use them to death in Asia for everything. No betting though, but African superapps pushing the limits ;)

Like I said before, that is OPAY, which can be seen in countries in Asia, Africa and Latin America, especially in countries that do not have stringent regulations for gambling. That is why you are seeing it like that. If it is in North America or Europe where gambling are regulated, you can not see such an app having betting site clearly written on the home page for people to click on to fund their local betting account. I have used the app before and the payment into my local betting site was almost instantly. That was before I started to prefer crypto gambling sites.

Is that even a legit apps?
Because in my place banks have no place for any gambling site as they are restricting their client to use banks for gambling purposes. If you are going to do this make sure that your banks really allows it or else you might face problem later on as your account will be tagged for investigation, better to be more safe when dealing with the banks.

Though obscure, a banking app in the Philippines also follow the same thing. They pretty much promote an otherwise licensed casino on their site through ads and vouchers you gain from purchasing or transacting with the app. And while it's not my cup of tea, I don't think it's that debilitating that they have to remove it entirely. For the most part, you already have a clear agenda in mind when you open your banking app, either through paying bills, withdrawal, whatever is the case for you, so it's not like these tabs, ads, or voucher's that effective at diverting your attention from your goals. it's a little something they leave out if you just wish to gamble or whatever, I don't think they should remove it or whatever since after all it would only cater to those who gamble anyway.

Yes, I agree with your perspective on the one hand in the long term the betting feature in banking applications like that will be very bad increasing the number of gambling addicts and bad things will happen because serious addicts will commit crimes to get money and keep gambling and this is what I say about the consequences of betting.

Another problem, in my personal opinion, such a feature only exists in countries where gambling is allowed to operate and for countries where gambling is prohibited, this feature will never exist because gambling activities are considered to be against regulations.

I thought a little about how can a banking application have a betting feature whereas it is really very dangerous for banking consumers which indirectly will be a bad thing when someone tries to bet and the number of gamblers is increasing and the worst is the increase in gambling addicts and my question is how If one day the number of gambling addicts increases, will the bank or the state provide rehabilitation guarantees for these addicts?
I mean if this feature has been around for a long time I'm sure your country allows gambling to operate and get taxes from gambling and when you add this feature it indirectly encourages someone who is not a gambler to want to try betting and get addicted after that will the bank have the effort if something bad like that happens?
I'm worried that if a feature like that is not removed it will have a very bad impact.

Yes, I agree with you about removing the betting feature in banking applications because it could put someone at risk of using their savings for gambling. Perhaps that's okay if the person has good self-control. But we know that not many people can have such good self-control that it can make them place bets even secretly without their husband/wife knowing. Indeed, consumers are responsible for everything that happens in the application. But the bank must also be responsible for the application because such features can encourage someone to try it, especially for highly curious people. The bank must immediately remove the betting feature in the application. Perhaps you must go to your bank office to complain about this because your complaint will usually be responded to quickly offline. Just my guess.

I looked into mine (not the same as OP, just a general fintech app), and it doesn't have one. i think it might be specific to your app only OP? What app is it even? If it was an official app by a bank, then maybe it should be removed. If it was, however, just a general finance app made by a private company, then I don't think they have any "responsibility" to remove gambling-related stuff. They can add it as they wish if they receive a sort of promotion pay for it.

A reverse Google image shows the image is from Opay, and they aren't really a "bank" app, they're a fintech app, an overall kind of payment thingy (man I have to work on my describing skills) for general finance use. I'd say it's fine, it's the same logic anyway as having said apps at your reach when you want to buy something online. I know quite a few people who are addicted to that kind of thing. It's just a matter of controlling your finance imo.

I think I know where OP is from. General financial and banking apps do have these features and to me, it should be removed and the apps fined a hefty amount. It's as if they are affiliated with these apps and are subtly advertising them. I know most people are not gambling degenerates and would really be ignoring these features, but to those who are already challenged when it comes to stopping their gambling habit, this is very dangerous.

This is my first time seeing a bank offering a gambling but of course before they release this kind of feature they will makes letter and approval to the government itself all of these process are regulated but if you are not a gambler I guess you don't need to get bothered because surely you will ignore this feature.



Most of the finance I know are offering loans services but as a betting, I guess this possibly include their entertainment. Right at the end it's all about users if will adopt it or not.

I completely agree.

I'm not sure about mobile banking apps but I'm a user of a financial app that also offered quick access to a gambling activity. And this was one big reason why my wallet on that app had oftentimes no balance in it. It made everything very accessible. It only needed a few taps on my mobile phone and my wallet has already transferred an amount to my gambling wallet. Gambling runs 24/7. The result is that every time there's an amount in my wallet, I am urged to gamble. And this experience is shared by all of my gambling friends who also use that app.

In a way, I'm a living proof that such feature is risky as it is unnecessary.

This depends a lot on the entity that supervises the banks in each country.
In Brazil, the regulatory body is called "BACEN" and I'm sure it would never allow a financial institution to allow this type of "functionality" within an application.

Financial institutions should appreciate and encourage the conscious use of money by people, offer savings and profitability services, financial education... never something that can lead the user to create an addiction that makes him lose all his money and possibly until you get into debt with it.

Unfortunately, the unbridled advertising of online betting is getting out of control and common sense, my fear is that someday this will be so poorly seen in society that governments will need to create strict rules that can "drown" this business model.

Directly? Damn! They should remove that.
I know there are banking institutions that allows deposit in different gambling sites but this is just too much if they are the bank itself is doing the gambling business.

Can you please name the bank? It's private, right?
Correct, this service should be removed by them. There are groups who are battling gambling addiction and here goes the bank itself with a direct gambling feature at where is our money at. Just looking at it feels so wrong. Then, there's the security that makes you worry. What if they will be attacked due to this service that they provide? I mean, those who specialized in online gambling only are being attacked, what more with them?
If I see that in my banking service, I am gone with all my money and move it in a different bank.

For those who don't like gambling, of course this feature will be annoying, but for those who like or who regularly gamble, they will consider it as a convenience that makes it easier to continue funding gambling accounts, but whether it can cause someone to become a compulsive gambler, of course, you can, but everything will really depend on each other.
I mean is there any way we can fight that if it turns out the law allows it? Of course the answer is no other than accepting it.
The presence of these features in a financial application that is available in your country is of course based on applicable law, meaning that gambling is legal, so there is nothing you can do other than accept the feature if you don't like it, the choice is to use another financial application with an equally good rating, but if you are a person who can always control yourself well, meaning gambling with good limits, then it will be fine.

This is my first time seeing a feature like that and I haven't encountered anything like this. Supposedly, banks are expected to be the one who should foster financial literacy and promote responsible and wise spending. But it seems like it turns out to be the other way, because again, BUSINESS IS BUSINESS. It is still about how they can generate profit from people, and that's part of business. But this does not apply to all, because there are still banks out there that do not have that kind of features.

At the end of the day, They are still business and maybe they knew that most of there customers send money on a casino that’s why they implement this feature for convenience of their player. I’m not agree too on attachment of gambling feature on a banking app due to the tendency of addiction but we have no choice than to accept their service or don’t use the app.

The only way this feature will be removed if there’s a petition from their customer to remove it. This is same issue on my country financial app but it stays there since no one complains directly to the company offering the service.

Ha? That's wrong with the betting feature in your banking application.
It would be very surprising if your bank added the betting feature to its app because it could be abused by people who use the app.
The bank should be wise in this matter and instead add the betting feature, even though using the feature will be the responsibility of each user.
But still, it seems to provide a way for app users to bet.
Hopefully, the betting feature will be removed soon before there are victims of misuse of the betting feature.

Our country has a regulation about this You cannot insert or show any gambling app without the approval of our regulator and all gambling apps are under strict regulation of the gambling board here so there is no banking or payment gateway that has this gambling app even though gambling is not illegal in our country.
I'm surprised that they have this in other countries it should not be added as it invites app users to gamble, maybe they have a partnership with the gambling company, very unusual partnership if there is one.

        -   Those features are a bit strange, mate,  maybe don't click on the betting icon, just ignore it. Or you can also ask for their support for your peace of mind. I, too, cannot accept the concept of apps that are in my personal account and in which I invest my money. It's not bad to ask the bank yourself if you have an account with them, and besides, it's your right anyway.

It's only now that I've seen such apps that are banks online, and then there are betting features. It seems very suspicious to me that this will be the case. Maybe later on, the hacker is just waiting for you to be curious enough to take a look at those features, but that won't be easy for sure, so be careful.

Let's not forget if bank is profit oriented business, so they will try anything to make more money as long as there's no laws to forbid it. Opening a bank account is usually you must be 18 years old, so you're actually allowed to gamble.

It's not about the bank app should remove betting features, I believe anyone already know what's gambling since the ads are everywhere including in sport, if someone want to gamble they can just open a gambling site, this is about self control.

Thanks for letting me know that many things that happens are gambling even when they are not specifically called gambling.
The life is full of gambling and many things that even the banks do is gamble. Perhaps they also gamble with the money that we save in their custody. In this present world, there is no place for ethics and many things that happens, the love and chase of money has replaced ethics and fundamentals and that is why there is nothing wrong with it. Even if a bank has an option for funding gambling accounts. This way surely make the money of anyone addicted to gambling not last in the banking application. It is not a welcome development.

I think that if that feature is removed maybe it is better for the consumers of the app but not that better for the makers of the app,so in here we have two different points of interest which is also "a point of conflict" for such interest.In order to make it fair to both sides so the makers of the app do not lose consumers who may prefer betting,they can add asking extra details for people who want to use that feature by implementing a very strict KYC that asks for selfie with mobile app,proof of address,and bank statement.This would make sure that people who may think let's try this betting option will be turned away when they will see such big requirements only to bet.

Maybe I would say my bank is more responsible  ;D I didn't see such ads in my bank app or maybe I have not checked every little details of the icons there anyway but if I had seen any of gambling ads, it won't matter anything to me because I think the whole system is running congruous with each other and it is for someone to have a choice to do or not to do, maybe the freedom we are asking for is closer with us now and we have to battle with our emotions. I'm sure more people won't find anything wrong with that, more or less bettors won't or addicts that would see it as more convenient.

Moreover, that is a direction to click to have a direct refill to either your fiat gambling account. It is not cohesive in nature but a freewill that you gamble with, so if someone is not a gambler, he or she doesn't have a business with that even though the bank have a business agenda with the gambling site by agreement or MOU to have there ads on the app likewise the gambling site having the bank as there official banker. So it is just the business my brother.

The bank that I am using doesn't have that thing. Also, the rewards tab in your app doesn't have it, even in other banks, where it is really alarming. I'm not sure what kind of bank it is, but those kinds of things like rewards and betting are only available in our local payment service app or online wallets, where we can use them to pay a merchant.

That can really easily trigger a gambler to bet because if he saw it then for sure he will bet. I'm not sure why your bank put it there, but is it not legal right? I mean, why did the bank put it there? are their affiliated with it? Also, one more question, does your bank really have an actual bank to which customers can go? Or is this only an online wallet?

Banks will not promote such platform because they are regulated by the central bank and of course the anti money laundering act.
Banks are very strict with this thing, so I agree that no banks should promote this kind of platform especially not all who use banks are ok to gamble.
Well, if the regulations are not that strict on your place then this is possible but in my country, banks are strictly following the regulations, they have the reputation to maintain.

It's so strange how the bank in your country are offering betting features because gambling is actually opposite against the bank service. Bank will encourage people to save their money in time deposit in order to make more money while gambling is a way to lose your money.

Though gambling itself isn't a problem, but they should know where the right place to promote the betting sites.

What country do you bank in? I'm so curious, in my country it is prohibited anything related to gambling maybe in your country gambling is very legalized so for that feature it doesn't seem to matter to them as long as it's legal, unless your country's government considers gambling illegal I'm sure the banking app in Your country will not add it. after all gambling within a banking app doesn't seem worth a look either.

As we know people can gamble at online casinos directly accessing the site directly, so there is no need to use the banking app anymore, but everything comes back to you and as long as you can control yourself, you will never feel disturbed by gambling. in your banking app, of course you can ignore that.  ;)

it's quite strange to see that there is a gambling feature in your banking application because so far i haven't found that feature in my banking application. however, i do agree with you that gambling features should not be supported by banking applications because then it makes it easier for users to gamble and increases their spending.

banking platforms should be more concerned with financial education than placing gambling features, because not all users have good financial management and giving them access to gambling more easily can make them addicted and result in financial chaos.

Oh wow, is that a trap or something? Well, the bank is always in business for anything that will benefit them, because before they will allow a casino site to be integrated into their system, they should have already received a huge payment for that. This is a trap for the account holder if by chance the person is a gambler, and if it's someone who gambles more often, they can even become addicted to just placing bets right in their banking app. I really agree with you, @OP, that such features should be removed from banking apps, although not all banking apps have integrated those features already. Although anyone who chooses to be a responsible gambler, despite having the gambling site on their bank apps, will still exercise their self-control, I just don't support it.

It's most likely Nigeria because you can see the Naira symbol there. I doubt that any other country besides Nigeria allows you to run a main account in that currency since it's too unstable for most countries and banks outside Nigeria tend to avoid it, while banks within the country have no other choice but to run it.
If they're allowing this it's a sign their work ethics is non-existent and they don't obey any global banking laws, while local laws are built in such a way that as long as you increase the GDP it's fine, since the country is in so much shit.
In most developed countries something like that wouldn't exist.

I personally agree with you. It’s like banks are really taking advantage from us gamblers that they really need to include betting betting section in their banking app. Wow that’s part of their business for sure as they can make a lot of profits out from those who decide to bet. While this can be easy and accessible to all who install mobile banking app, but the risk to fall into gambling addiction is also high. So I would also want to make this remove as soon as possible before it could harm our finances.

Hehehe, nope.  :P

It's just for the sake of everyone to have an idea on what's the name of the bank but I am sure that it's not available where I am now.

There's nothing we can do if they have that but can also try to report it to the higher authorities of the government if there's a certain law that they're able to bypass.

I don't know maybe i should say that am coming across something of this kind for the first time, banks wouldn't want to downgrade upon their reputation in having things in common with the gambling sites not to now say having their apps on the banking mobile apps, we need to be very careful of the sources through which we download some of these apps, because they can be unreliable atimes if we are not on the right source approved from the banks to download their apps.

Gambling is everywhere nowadays. If someone feels tempted by that button on their banking app, they will also feel tempted by another gambling offers on the internet. People aren't going to gamble because that button, but because they are prone to doing that, anyway. So I don't think it's a big issue that the bank app offers gambling content. It seems they offer many other services as well, like the possibility of paying your internet, electricity and bills in general, referrals program and so on.

You are the one who should filter which of those services are worthful for you and which of them you should ignore. If you think gambling is harmful, just ignore that button. For uneducated people the bank should be enforced to add a warning message before allowing someone to bet, and that is all.

Which banks have this feature? I've only just heard about it. I agree that this is very dangerous. We know money is very important for our needs and banks are the safest place to store it. But if there is a betting feature in it, it means it is a very unsafe bank. I will leave this bank if I use it, it will take my money with the temptation of gambling features in it. does that country not forbid this feature in their country bank?

Regardless if those banking apps have that betting feature or not, nothing will change the fact that gambling is already a massive entertainment activity for most people. We shouldn't look at that banking application feature as one of the reasons why people are being encouraged to gamble. If the law allowed these bank applications can have that feature, then let's just leave it that way.

Aside from that, some digital banks or financial apps are being used mostly as a payment method by these gambling sites, especially in local gambling sites. In some cases, a partnership is made, obviously to promote the platform. There's even an additional percentage of the deposit if done through a specific digital bank or related one.

It still depends on the people if they want to gamble. Being encouraged by these apps is a shit reason for me why people started gambling.

that feature is actually not common to banking apps. so i wonder why his local bank is offering such service? but if you find a banking app having this service, it is like they want their customers gamble their money and lose. we all know that in gambling, very few people can be lucky. most of the time, you will lose your game. this will also entice their users to gamble if you can just tap the betting feature so easy.

In countries wherein gambling is legal, this will not be removed. However you're right, a petition from a somewhat known body or organization can help get this thing removed from banking apps. It shouldn't exist there in the first place, and sometimes, it's the bank's own games that are embedded within that app. There should be a separate app for gambling purposes and that should be a law because it obviously tempts other people to waste their money while logged in on the apps.

It just goes against their main principle of helping people to save and to be more knowledgeable about finance. I mean yeah, we're gamblers and we advertise casinos but something like this shouldn't happen. They're the bank and should stay as is, and with the service they offer to the people. That's not the right platform to add as something that's permanent on their app. A background check for that bank must be made by its central bank if it's allowed or not.

After the discussion I checked my bank app to see that feature and try to use it,  but I find out that,  you can only found your betting account from the app and not being able to place a bet directly on those bank apps.

I think,  those bank are just serving as payment gateways for those casinos and that is still within the services of the bank so no one can really blame them for that.

Well, that's too much if that banking app will allow you to place bets directly from them. They'll have to redirect their customers and users to the actual casino.

They do but they shouldn't be there in the first place even if they're not allowing you to bet directly. But one thing is that, they're allowing you to deposit through them and likely partnered with that casino.

Banks should not add this betting feature to their banking applications because it will trigger curiosity in their customers, so they will try to deposit money in their accounts. Indeed, customers cannot blame what the bank did, but at least they can complain to the bank so that the bank can remove the betting feature from their application.

If there are customers who cannot control themselves from their curiosity, they will continue gambling because they already have the betting feature in their banking application. Indeed, this depends on the responsibilities of each customer.

Not the safest place but yeah its protected by the law, so having that kind of option will just increase the fraud transactions and your account might also be affected by the hacker. Most probably that bank allowed by the regulations to have that option, because if not then for sure Bank will follow the regulation at the highest option. There’s no bank like this in my country what we have is the financial app that have this kind of feature.

Personally, for me this is new, what bank or what name has that function? From what I can imagine, they must be very reliable banks, they must be banks that must have a very good reputation, if here in my aps they release an app that can be played and make a direct connection to a casino, I think I wouldn't get involved, because they Usually do it to be able to see who are the ones who enter the bank, how much they spend, and obviously to later do a study and they can generate a good tax for them, I don't know if that's how it works in other countries, but where I am the banks are In agreement with the government, and as I have said in many hill s, the Government of my country is not trustworthy, they are the most corrupt in the world and I believe that they cannot do anything good for the people, so if the sheets are in line with them to be able to survive because it is something that I would not do again, it is something that is not on my radar , what I think is because these things are not about Making money and more so in a bank, the idea is not a bad one, I would like to see what banks they are, and if there is a way to make a Virtual Account , as long as it is from Europe, if it is from Portugal, much better because I know that there they don't bother About using cyrpto or something like that, then it would be the best thing to do. ideal, and I think that many people in Europe think the same as me.

For me , the less it takes the Hands of governments , the Better , because there is no way that Anything can be done outside of the best betting and casino sites, we could do other things, you can see that for some what is best done is That a casino is as anonymous as possible without Anyone entering and seeing its data , that is, I mean governments and banks.

So it may be that for many People who like it , it's safe to play there, but the Security of those things in the games is not Adequate , well , how can you Criticize? How do you know if the advantage you have is not superior to that of the other casino house?

If we can't find a way to earn it passively, we unfortunately succumb to such gambling initiatives.I have fallen a lot in my time, but this is the first time I have seen such an initiative of a banking application.This may actually be due to the fact that people want to play more with their money and have more money circulation.Exactly this is strange and ridiculous for a banking application.There are already enough gambling sites for this and it seems more logical to play there.

Should we really be holding the bank responsible for customers possible behaviours towards offers their receive via their apps,  banks are service providers and are revenue oriented business so whatever that will generate higher income is what will attract the banks,  any ways gambling may be seen as a bad promotion from a financial institutions.

But the also business have it intakes and such is why those banks offer such services,  is quite a common practice with so many local banks getting involved in casino payment gateways service provisions.

Banking applications with features like that will only make things difficult for people who don't have strong self-control because they will get curious and try the features. They can start depositing money directly from the application to gamble. And if this is not controlled, they can use all the money in their savings until nothing is left. For some reason, the banking sector seems to provide a way for people to get to know gambling more closely. With this application, people can directly deposit their money and gamble without anyone knowing.

I actually agree with your statement.

In the Philippines, we have a money application where our local currency is used as a digital currency in an online platform where you can pay various things online (e.g. bills, bank transfers, etc.). Lately, the mobile application included an in-app function of gambling on various game. I tried it and lost $2 in the process. Sure, I lost a small amount of money but the danger it brings to everyone that gambling can be accessible in money applications is just dangerous.

If they aim for convenience, then they could have made a new platform instead of integrating it within their banking application.

You remind me of Skrill the online virtual bank which was a good alternative for Paypal back in time and one thing I also noticed from using it is his promotions of Casinos and betting features once you login into your account or even their mobile application. I don’t say that’s not right for them to promote anything they want but at least taking responsibility of protecting users and customers of their bank. I had an issue with one of their casinos they were promoting on the upfront of my main Skrill account so I signed up and started playing with that casino (Leonbet), few weeks later I was surprised that the casino decided to freeze withdrawals for my region and I still had some balance with them. Unfortunately even with their promises that they will unlock it again it’s been years and everything is the same.
I would say that even if such bank applications and companies promote any kind of casino or gambling, everyone is responsible for his decision and shouldn’t be influenced by their partnership. Your money should kept safe in a better place than such banking apps.

Having betting features in any banking or financial app carries a lot of risk as gambling features are not safe in the banking sector and banks are better off saving for the future. Using banking applications you can easily access your banking account check balances transfer funds and overall you can access almost all the products and services offered by your banking institution. But in gambling the chances of being cheated are high the banking system is under the control of the central government and gambling is illegal, so these apps have no features. In the case of gambling banking applications are less heard they will scam the sites. Therefore, betting on regular games may require learning the betting rules and features carefully while casino sites are different for gambling.

You may be correct on the part of saving for the future as one of the main features of operating a bank account,  but then also banks make their money from other fees accrued to each transaction and knowing how frequently local gamblers credit their casino accounts the bank will be making a lot of money on daily basis coming from those numerous transactions.

And having those casinos listed on their mobile apps makes it easy for usage and also serves as a promotion for the casino,  so to me I believe that banks as commercial entity will definitely will continue to have those payment features for casinos as well as other bill payments.

It is for sure that there will be customers of theirs that will be curious what that feature is all about. Despite of able to read the actuality of that feature, the curiosity of many will still be clicked. Since there is a customer support section for all of the banks, yes, a demand to remove that feature can be done.

Well, they know what they're doing and they can blame the bank itself but this is just on their mind that's trying to find a fault in their banks. Because that will become a reason for them to continue to gamble since the app has got that feature whether it redirects them or allows to bet directly.

If the gamblers doesn’t like the way of banking system which market the gambling because for the money.The best way to do correction will be report the same to the bank using the online support,if you are not ready to manage the terms in the bank.Not only the banking applications,most of the application in the internet will use the gambling and other spots bet for their advertisement.So the bank will remove that feature only to your account based on the request.If your friends also suffering the same problem,you can also help your friend by sharing to contact the banks for the solution and ask to manage the support  of the bank.

It's bullsh*t to point out that this betting feature on the banking apps will give gamblers more eagerness to gamble.

Prior to this betting feature at some banking applications, just looked at how online gambling evolves and attracts more users as years progress and it will grow even more. There's no stopping it but only a total gambling ban globally which is far from reality. Even if these banking apps will remove that feature, will it really minimize gambling activity? It's a clear no.

The bank can put their desired feature on their app as long as it is allowed by the law. They won't adjust just to the problem of a growing number of gamblers. Why should they? People are the problem, not the bank feature, and not the "gambling" itself.

well, my country doesn't have that, but I believe it doesn't have that for the following reason: gambling is regulated in my country, that is, the gambling company must have a license and headquarters if it wants to operate within my country and my banks parents would charge a lot of money if a company wanted to pay the bank for advertising, probably just for the company name to appear in the bank application, the bank would charge thousands of dollars, and many casinos and gambling sites would not spend that much money paying for advertising in some bank when they can pay for advertising on tv, on social networks and in soccer, basketball and other sports leagues in my country

Now talking about this case that the op posted, there is nothing wrong with gambling, in the same way that cars that can kill people when they drive badly, there is nothing wrong with it, the problem lies with people who have no sense, if The country's laws allow casinos to pay for advertising anywhere, including in banks, so there is nothing wrong with the bank's app having options to finance a gambling account, it is up to each person to have judgment, to know how to manage their own money, be aware that gambling is not something to make a profit, but rather is a form of fun.

In cities we see advertising for wines and beers. but wondered how many people are dying every day due to alcohol addiction? Have you ever wondered how many people are involved in car accidents because they consumed too much beer? We are talking about very large and frightening numbers, but wine and beer advertising does not stop in cities, on TV and in many corners. this is because it is up to each person to be responsible and know that they should drink in moderation, in the same way that each person must play in moderation.

Its no surpise anymore that payment apps in different countries are allowing users to send money to a casino and not get locked. Paypal used to make it a violation of their policy but if they allow BTC to be withdrawn, that policy is irrelevant anymore.

Banking apps is not so different to CBDC wallets, I would be looking forward to also see these financial apps having a link to crypto investments not just gambling.

I think these type of features are already banned in my country because whole betting is done by monopoly company. But I am not against it. Banks could partner with some legit gambling companies like stake to give, for example, bonus to their customers. This is good for both businesses. To open a bank account you already give your whole information so it would be far easy to start gambling that way. I think its nothing to worry as kids won't involve at all.

Wait, is that really a banking app or digital fintech service? Can they easily offer something that is not relevant to the business orientation?, because the banking that I know is tied more strictly to policy. If that really happened there, I totally agree with your opinion, OP.

Anyway, my focus shifted to the bottom 2 rows of bars in the screenshot. Is it advertising? It seems like your local bank only cares about their income, as long as it's big money.

Partnering is okay but it's different in this case, they are the ones who are doing the gambling business inside the bank application so I think there should be something to worry about.
It encourages a bank client to gamble which I think should not happen especially if one of the bank's goals is for their customers to save their money. Sure, it will depend on each customer but like I said, because the feature is there, it encourages someone or it could be the start of another gambler being an addict in the long run.
Online gambling sites are already easy to access in todays era, might as well make services like banks and other financial industries clean of it to avoid people wasting their money in a flash. For gamblers, this will be okay, but I doubt those who don't. I am a gambler and yet I am against it.

I don't find it negative, to be honest. Banks want more transactions to increase their income, so that is alright in my opinion. I think what should be promoted is how to be a responsible gambler. Instead of just viewing gambling as a negative thing that could lead to gambling addiction, we should focus on educating people about the risks and promoting responsible gambling.

Business is business; it should not be influenced by religious beliefs or personal beliefs. As long as it's not illegal, it should stay.

It's not bs, the area where it's been placed is inappropriate. It's like when you're trying to leave for a while and stop but suddenly, it's not even that long until you see that feature is even on your banking app. But I guess, just as you've said, to each their own.

You've got the point. Yeah, they can put that and it's all just for our opinion and it's like telling the smokers that probably have trying to quit and smoke again. Anyway, it's just like a typical ad but on this one, it's on a banking and it's a feature. It's both on fault, gamblers that can't help themselves mainly.

So it is like they are passing your banking personal information to a gambling platform once you sign up. This may be good for a gambler as it is less hassle and there is no KYC once it is done as you've already submitted the requirements to the bank, making it less of a scam, but the problem is that they are showing publicly that you can bet or that the menu is outstanding in the app, which can attract other people, even non-gamblers. I know it is a marketing strategy, but when it comes to gambling, the risks are huge because it can ruin people's lives.

No matter what, it is better to kind of separate it from the bank app to another app just to be safe, as there are tons of people that are using the bank app, which can trigger them. They are only thinking of the possibility that they can gain more profit from it and not that they are concerned about the people.

His curiosity will grow even bigger when he hears that someone has succeeded in winning a bet through his banking application, and he will try to prove it. But if he loses the bet, he will still try because he will become more curious. This can make someone who has never gambled start gambling using the betting features in their banking application.

Of course, the bank will avoid this mistake on the pretext that they don't know anything because a third party made the application. That is the easiest answer from the banking sector because they don't want to be blamed for making people gamble through the betting feature in the banking application. This needs to be conveyed to the banking sector so they can remove the betting feature and avoid any victims.

Consumers can also report it to the authorities, in this case, the police because this violates the regulations in their country if the country prohibits gambling. The authorities will investigate the case and ask the bank to remove this feature from its banking application. If this feature really bothers consumers and can later cause new problems, namely gambling addiction or reduced balance in their accounts, the bank must delete it. Usually, this story will be responded to by the authorities if it goes viral on the internet because it seems like the power of this virality can move the authorities to investigate it.

If it's just a business deal, whether a gambler complains about what he sees on their app, there is nothing he can do. From the perspective of many who are very much worried about other gamblers it will make them want to gamble more, but they don't like it. Opinions are also cut into half where this seems to be fine for some and there are also the folks that disagree with this matter.

IMHO, this is a good point. There are banks that have young depositors and they just have to restrict that visibility to the minors if ever there are kids like them that are registered on that app. Like an automatic blockage for this feature or being hidden for certain demographics of users.

Yes, it's the same as in my country, when cigarette packs say that the dangers of smoking can cause heart disease, they even add pictures of people sick from smoking on cigarette packs, still people will continue to smoke, the same is true with this banking app, actually that's all. Returning to each customer, perhaps they should already know about the big risks because gambling can cause addiction.

So all of that is the decision of their customers and it may also be illegal in that country so for banks to add it to their app it won't bother the customers either, but maybe the gambling addicts won't be able to stand seeing it there because they will try the game for a while to seek luck, but non-gamblers will think it's normal and think it's the same as the cigarette advertisements they usually see on TV. business

Well for some people this may be convenient that they can now bet directly using the mobile banking app and sending/receiving money from betting would go directly to and from the bank account. So, If you do not want to use this feature, you may ignore it but there may be many people who are willing to bet from the app.

Yes, sometimes it is tempting to bet, if you see the betting button on your mobile app, whenever you open your app. But then people need to be emotionally strong. If they do not want to bet, only the betting button should not be an excuse for them to bet.

Integrating financial data with gambling poses concerns. One would think, "Ah, convenience!" However, digging further reveals the issues. Combining these two reveals someone's gambling habits unintentionally. Concerns include privacy and impact on others. Your concern that the bank app will advertise gambling is valid. Banks handle it; casinos gamble with it. If lines are blurred, many people, including non-gamblers, may find gambling appealing. Why lump apples and oranges together when they're different? It's one thing for banks to profit from gambling. neglecting social effects? A separate game altogether.

They obviously do it for money because they will charge a commission for that from the service provider as well as the user. If gambling is legal in a country, a bank is also allowed to provide such services where they partner up with a betting platform to provide users with the option to make bets directly with their bank accounts or maybe deposit money in their betting accounts using the bank app, both the betting platform and the bank benefit from this partnership.

However, if gambling is not legal in a country, a bank cannot provide such services to its users because that would be going against the law and financial institutions never do things that are against the law as law is what protects them in the first place even if they are private or government controlled.

I think this is the first time I have seen a bank offering gambling services as well which does not inspire me any kind of confidence, banks should be prohibited from offering such services as it goes against the express purpose for the existence of banks, however we should not stop there, now many video games allow their players to use features that are nothing else but a form of gambling, and I really think that kids and young people should not be exposed to gambling at such an early age.

Yea, in my country.... some Banks allow you to buy National Lottery tickets from their Banking Apps.... making it very easy for people to gamble directly from their Bank accounts.

I am one of those people who would totally forget to buy those tickets on a regular basis, but thanks to that App... I now buy tickets on a weekly basis. (it is pure evil)

Banks should keep you money safe, not encourage you to use it on gambling. I know some Banks allow you to switch off that option for religious reasons.  ::)

I fully agree with you, there should be laws against banking apps offering gambling and betting opportunities. In my opinion there should be a clear boundary between institutions that look after your money and offer financial services to send and receive money, and casino and bookmakers that offer entertainment and the chance to become rich. Offering everything in the same app is not fair for all the gamblers who are struggling to control their bankroll. For me it was one of the hardest things to learn in gambling to remain in control of my bankroll and not chase my losses. In case now all our money is in one app and with one click we can transfer money from our savings account to the casino it would be a big problem. Already the feature to see all your balances with one click can lead to people starting to bet with much larger amounts and might lead to losing all your savings. Hopefully this was only one bank doing such a new service and the other big banks won't follow. In case my bank would change and start mixing banking and gambling I would probably switch to a different bank. For me the risk is too great that one night after some drinks I might start gambling with my savings and lose it all.

If I see that there is such a betting system in the bank application, I will cut off my relationship with my bank and start working with another bank. I think that this is actually an innovation made to put it in my eyes and attract my mind, and I think that they have tried every way to make money and that they have brought such an innovation for this. If I can't have myself, that is, if I succumb to my emotions, I easily have the chance to bet here and this would be an event that would make me bet continuously. The purpose of this is not to deal with loading money to sites and giving commissions, they must have done it to get that money and commission directly themselves.

I have opened more than 10 bank accounts in the past including the use of their apps and I assume that there are no betting features in our banking apps. I also have lots of financial apps and I also found zero features that allow its users to bet. But this is not a surprise since some years ago I found out that our bank debit cards are also restricted from making deposits in online gambling casinos.

I believe that gambling should only be introduced to mature people who are at least not down financially. Gambling is fun but there are just a lot of people who do not understand how it works.

I agree with this.

It doesn't really make much of a difference in a person's gambling activity if he could access betting directly from a banking app. A gambling app is most likely downloaded separately on his phone anyway. My only concern here is the security involved in connecting your funds to third party apps like e-gaming. Their security guys are probably top tier but still.

But this innovation can have a bad impact on customers, especially those who gamble frequently or have never gambled at all. This will arouse curiosity for those who have never gambled, especially if the customer already has money in their bank account. Yes, I will also immediately look for another bank that doesn't have a betting feature like that so I won't be tempted to try it. Those who see the betting feature on their banking app should visit the bank and ask them to delete the app as it could disturb them when they want to make transactions. We are just being on guard against all the possibilities that could happen because we are human beings who are easily tempted.

I have never seen any gambling promotion in my banking application maybe this is because it is not an online or digital bank. I have observed that this ads are popular with these new generation digital platforms that want to also raise revenues from these advertisement. Digital bank users can easily become gamblers that is why these casinos pay heavily to advertise on these bank platforms..

In my country, you will have to be an adult to own and run a bank account. So most of these bank users have reached the age of gambling,  hence I don't think they are exposing these adverts to underaged citizens. But I also agree that showcasing these adverts on a bank platform can lead to gambling addiction or unplanned gaming. Nonetheless you don't have to rely on the government or regulatory agencies to help you control your gambling activity. If what triggers your urge to gamble is advert you might become a gambling addict because these adverts are almost everywhere. Just in my street of 20 houses, you can find close to 10 bold banners advertising a casino.

Anything in excess is not good. Not only is gambling bad, but even those who love to shop online can be negatively affected if a banking application includes shopping features. They might lose control of managing their funds.

The problem is that some people immediately view gambling as a bad or illegal thing when, in fact, its purpose is only to entertain people, similar to the concept of shopping online where you spend and enjoy.

That is actually the challenge because many see gambling as something that reasonable people are not suppose to indulge in since they are seeing those gambling not being successful in it and wasting their money. If gambling were an aspect of life where those who are in it are doing well, of course people will want to go further in it by searching for ads themselves. In the past, you are regarded as in responsible if you are a gambler, you are not regarded in the community just like those who are drunk. However things have changed and so long you are able to make profit from whatever endeavor you are now regarded. Gambling ads will keep flashing in our faces since job opportunities have reduced and people have gone towards trying their luck in other endeavors.

I tried to check several of my banking applications or money transfer applications that are legally valid, it seems I didn't find a feature like "Betting" It seems like it is only displayed and made in certain countries such as Nigeria or other neighboring countries.

Maybe for illegal gambling countries, I think the betting feature is not allowed or prohibited by banking authorities, I think the authorities in Nigeria are collaborating with gambling, The proof is that they put a gambling betting feature in the banking application. Of course, if you don't want that feature to appear in the banking application, You and the people there must make a proposal to the relevant parties regarding this issue so that it can be removed from the application, even though it is difficult to do, Maybe you should try first, to complain to the banking authority responsible in your area, if it bothers you.

The main impact of this problem is that someone who has an account on the banking application will never be able to save and that is certain, even if he is a beginner who is not yet familiar with gambling, in the end he will also be tempted to try even though novice gamblers are more susceptible to addiction because they are more curious. to keep trying to want big wins from gambling.
Furthermore, the impact of the gambling feature in the banking application will certainly mislead someone into continuing to gamble even though everyone must have self-control and responsibility, but out of 1000 people, only 1 person has very strong self-control and that is a fact.
It won't be that easy for us to go to the bank to ask to remove this feature because banks usually add this feature with approval from the state so if they have to remove this feature the bank cannot do so unless it has approval from the state.

I have not seen this kind of direct betting option on my mobile app before. What I have seen is the option of using your mobile app to fund your betting account directly, which I see as a good option considering the fact that they will save you the fee of other third-party charges for that payment. 

I also don't see anything wrong with them integrating such an option on their banking mobile app, although this kind of option can only be seen on this new online banking system, which is not like the regular bank of a country, as most of these new banks are looking for means to meet up with their competitors, and as such, looking at the rate at which members are gambling these days, they really need to look for a medium to attract them to their app. Maybe they could apply some sort of promo code for anyone who is going to use their app to play directly.
 
I don't see any problem with what the bank is doing because I believe it must undergo some kind of licencing and legal proceeding before it can implement it. If the financial body of that country doesn't see anything wrong with it, then everything should be in the customers hands; they should be the ones to decide if they are to play with their money on their account or if they should respect themselves and know their gambling limits. With or without that option, those who know their limit will have to respect it; if not, when they want to gamble, they will still fund their account using whatever means they choose.

Obviously this is not possible in countries where gambling is not legal, so I confirm the accuracy of your information.
So far, Indonesia is not a country that legalizes gambling of any kind, although several big bookies have succeeded in building covert businesses. Bank Indonesia, whether government owned or private, will not support gambling due to regulations, but banks still have a role in processing the proceeds from gambling winnings.

In countries where gambling is legal, perhaps banks can develop their business products by supporting gambling. But I don't think gamblers need to gamble openly like that because so far crypto gambling should allow them to gamble anonymously. KYC is a different story, but crypto gambling is much better than fiat-based gambling, especially if it is controlled by the government.

They'll just say they are not responsible in it if the person would get addicted to it. Well, partly they are responsible in it as they likely urge the person see it and it will really sparks curiosity in the first place if it will be seen like that. I really agree on your perspective, even in my country they don't reveal such thing but it's there, maybe just hide it in plain view.

 Apparently, it's an ad and any platform behind the links are paying heavily for that... they'll always do anything to keep the maintenance and secure additional funds to themselves... It's not proper as other international banks don't operate like that but what have you to say to them to change their mode of function?? Nix!
It's just safe for everyone out there to avoid such options... I notice them too, buh I don't even dare click on them - if it happens, then that's inadvertent.

Sandra 🧑‍🦰

IMO, that curiosity after ticking in and being filled and the result is losing is that's going to make that person stop for a while.

If it's added, there has to be some meeting before putting features into their app since they're a customer-facing business and an app like that should be approved by the boards first or whoever are the people that are tasked to design it.

Have to realize that if the government allows that, whether people like it or not, they have the control to their own app if that doesn't violate any law.

We must always remember this so we don't get too good at anything because it's not good for us. And if it is gambling, we must always be able to manage funds for gambling so that we don't experience bad losses. And if a betting feature exists in his banking application, he can be even more wasteful in using his money. He couldn't save like before because he now had other places to use his money through betting.

It's normal for people to think that gambling is bad or illegal because they have seen what happens to people who gamble. Brands see the bad impacts experienced by these people, so they think gambling can have bad consequences for their lives. And that's true if people don't have good self-control when gambling. But especially for people who can control themselves, gambling is not bad but rather entertainment for them in their spare time.

So, it is clear that a banking application with a betting feature can have a bad impact on someone who, even if he doesn't know about gambling, can start gambling. He can directly deposit his money to a bookie or online site via his banking application without considering what will happen to him and his money. The impact of gambling will be even worse if he does not have good self-control because he can deposit his money again when he loses and do this immediately in just a short time.

It's not easy to go to the bank to ask to remove this feature, but at least we've tried it and we'll see how the bank responds. And if the bank has not removed this feature within a month or two, maybe we can look for another bank and start moving all the money from that bank to another bank. We don't want to experience bad events because of this betting feature; therefore, we must anticipate it. Many other banks still don't have such a feature unless we are too lazy to move to another bank.

I can boldly say that the image on your post is a screenshot from Opay homepage. In as far as the image you posted is accurate and has the betting icon on it just like the rest of the banks, the content of your thread is very misleading. Opay as a fin tech institution is operating just like other established commercial banks in the country and it's among the best mobile banking app when we talk about fast transaction and less fee. It's important to note that the betting icon on the mobile app will never allow you to place bet directly on any match as you said in your post. It only allows you to fund your bet account and to make your wallet funding easier without card. There's also a limit as to which betting platforms you can be able to fund using the app.

Majority of bank apps have this feature so as to aid bet wallet funding as the number of gamblers keep increasing on a daily basis. Banks are out there for business and they can do whatever to keep the business running. You can ignore if you're not interested in using the feature to fund your wallet. Unless every features that allows us to pay online bills is removed, betting feature can not be removed. If everything is now removed, then we can use the app for just sending and receiving of money only.

Which it isn't actually making users to directly bet. But somehow they allow users to send funds for the betting account. Seem so different but still the same effect.

And like you said, anyone with that Opay app will eventually find out of that option when they navigate around the app. I think this is really part of the freedom we want which we wanted to do just about anything without funds including the betting platforms.

I think it should have a bad effect on everyone. I think it's ridiculous that banking and gambling betting are in the same application.
Yes, for people who are not involved in gambling, there is a chance that they can get involved in gambling in an easier and safer way and maybe become addicted to it.Either they will not use the app or they will not continue on the same path with the bank anymore.
I don't agree about being easily seduced, I'm confident and I can take care of myself, but if there is betting on a bank app, I find something strange about that.

That's very true because people will see that the banking application already has a betting feature so that those who are used to gambling don't need to visit the casino but can use it immediately. But I'm curious what it looks like. Will the bets be directed to a particular site that collaborates with the bank or will the bank have bets on interesting things? Maybe @OP can explain what kind of betting feature a bet so we can know it more clearly. But if you look at the picture included by @OP, it looks like it's a bet using chips. Is it a card game? Hm, this makes me curious hahaha.

I believe the bank has partnered with a betting platform and the bets will be made on that platform and the bank will most probably redirect the users to that platform. Or, maybe users can use their bank accounts to top up their sports betting account on that particular platform. They probably get some commission from the total bets made by the users that the bank has redirected toward the platform because banks would probably not just do it for nothing.

I also keep wondering if the bank also charges the users some commission for using them for placing bets because if they do, why wouldn't users use the platform directly instead of using it through the banking app to avoid paying extra money? They would use it if they weren't charged anything extra, for sure.

I don't understand why people see gambling so badly, I don't know for others though but I haven't seen a person in person that gambling has rubbish or destroyed life as they put. I have seen people take stupid risk though like using their school fees thinking they could double it and for that, I understood their frustration if been a student and looking for alternatives to make money for feeding or getting some swag up clothes but then, even if they lost their games, they do find a way to pay that money before they close the portal and after that, they are fine with their studies, gambling isn't really the way they hype the downside of it, it can be addicted but sometimes, we need to calm down with the addiction discussions.

Can we even deny that Bank Apps are not useful for making deposit for Casinos that accept fiat? It's a choice, if you like the feature use it and if u don't, terminate it and if you must quit the bank, register another bank that doesn't have such features, it's as simple as that. I love the Banks features because they don't support only betting, they also allow you pay TV cables like Netflix, electricity bill, water bills and others which is cool for me instead of doing it in the web with debit card.

Standard banks I believe are not those who are in the subject here.

E-mobile payment services are now acting as a bank and that's where the most feature like betting is present in most cases.

Regardless, if the betting feature is really present in the online application of a "standard bank", it's like a form of partnership as part of promoting the said bank to be used as a payment method and definitely, there should be no extra charge here as why the hell they will do that. Since digital banks and e-mobile payment services are rising, especially here in our country, one way to attract more users at them is to reach those users at the most crowded industry and that is online gambling.

Kind of weird, this is the first time I have heard about financial applications featuring gambling or getting features...

Those apps are supposed to benefit from people saving money and they positing their wealth there in the long term. The only logical explanation I can think of is that the owners or those behind the app got a deal with a bookie, the bookie gets indirect advertisement to people (who have money) and the app for financial services get a cut off it.

I have encounter feeling kn this one, I am not sure how moral this is...
People seeking for save investments are not supposed to be suggested to gamble.

Gambling addiction is nowhere near as prevalent as alcohol or drug addiction, I would even venture to say that social media addiction is way more prevalent than gambling addiction too, however gambling due to the different movies which have been made and the story of modern casinos it has been associated with criminals and other people like that, so some people still have a very negative image of gambling, even if right now online gambling is the most popular way to gamble and there are no additional risk associated with it.

I also think like you because if banks don't partner with betting platforms, those betting features won't be on those apps. People also won't notice any betting features when they use the app. The bank will get a commission, even though the commission is small, but if many people are interested in trying the features, the bank will get a lot of commission.

The bank should be able to think about the consequences of having a betting feature in the application. After all, not everyone who uses the application can protect themselves by not pressing the betting feature. Some people will be curious about the betting features and in the end, they will try betting through the betting features in the application. The bank should remove the betting feature before many people complain about it.

Well with all these statements it is Clear that Things can happen in any way when you have Several money , the truth is I don't have that Many money in my country , in fact I have About 3-4 money and I don't really use them, since year 2020 that I did not use again, because in my country the local currency is so bad that at any time these things from a casino Would even be profitable for a bank, but I think this has not Occurred to them Under any Circumstances , and I don't know, but it could work for them because with That it would Give the banks more liquidity and they could do something very good, of course in this Country where Inflation is no longer even calculated due to the fact that it is not always It's worth it, it Happened after a large Percentage that no longer makes any Sense.

In this Order of ideas I think that a Bank if it Adds a casino or Mini-Casino where its Users can Make use of it is not alright, 'because it is not a bad idea, they also have somewhere to Complain, which Seems good to me, in another It makes sense if things go Wrong, I think that the Same Bank would have as a basis that since it is a Bank it does not Make Sense to steal its clients, then it would not need to do or comply with KYC, because in a bank all that is already there and more, what if I would have a doubt that if it were done, how would those who want to bet on the big players and win big, how would they make the withdrawals? Would the bank then grant the large withdrawal? because one Thing is True , while the bank knows that Everything Was Below a Normal level and if there were cheating, then it has to Comply, because I don't think it asks for the origin of Funds , that's the only thing, besides what I can imagine is that the bank would charge a very large tax for playing in the same bank, I would not See it as something that can be Considered good , but they Set their rules, imagine that if a player wins a lot, then he has the Right to make the transfer of the Amount he wins , if Such a thing is implemented in a Bank.

Mate, I really thought it was only happening on our country but it's great that someone shares their experience here about those apps. I think the only difference on the app that I use from yours is that the casinos seen there is like an advertisement only and when you click on them you will be redirected to their main websites. It's only crazy that even these formal apps/companies are now joining the gambling trend.

I thought it was only the desperate influencers who are are promoting them. This can backfire them badly because the customer can use their money or savings to the gambling site that they are promoting and they will soon decide to delete the app because each time they see a money there they will only gamble it.

What do you expect when everyone is after they own pocket,  banks are operated to generate revenue and that is why their can under go any activities that will generate more income,  what most banks in my countries are currently doing is to always offer your discount if you deposit into your bet accounts using their banks apps,  this have become a trends and most times,  on any match day,  this banks will send an email informing you of how much you can earn as a promo if you credit your bet accounts using a special code.

Some of them even go as far as putting up a ground prize for those who make the highest deposits using the bank app,  but I haven't seen any bank that offers a direct prediction and satking feature  before.