Comment on Monzo bank has blocked £9M ($11M) in gambling transactions in 2024

Monzo bank has blocked £9M ($11M) in gambling transactions in 2024

The UK-based mobile banking app Monzo has blocked £9,000,000 (roughly $11,381,850) in gambling transactions this year alone. This figure marks an 8% year-on-year rise since 2023, with the banking company having released its gambling block in 2018. This news comes as The Gambling Commission in the UK is reported as seeing a 12% increase in gambling transactions – bringing the total to £1.46 billion in 2024. The gambling block is an optional tool.

 

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