EDGE Boost Banking Launch Gives Bettors Safer Way to Gamble

Responsible gaming advocates got a big victory this week.

EDGE Markets has launched its new EDGE Boost banking platform after successfully finding the funding needed. The new platform is dedicated to gamblers, providing them with a banking option that is dedicated to gambling. This will allow bettors to fund their gambling accounts without using their personal banking information.

The FDIC insures the EDGE Boost, which is similar to any other baking account.

Goal is to Curb Problem Gambling

EDGE Boost was introduced to combat the rise in problem gambling. This tool would allow gamblers to manage their money better and put a buffer between their other banking methods. This isn’t a perfect system, but it will at least give people struggling with gambling addiction an extra step to consider adding more money into their gambling accounts.

The banking platform will also allow gamblers to get a better overview of their money management. Instead of searching through transactions in bank statements, all deposits and withdrawals are easily viewed on EDGE Boost. 

“Bettors want a debit card that is exclusively designed and tailored for all their gaming needs,” said EDGE Boost advisor Paris Smith. “With its easy-to-use interface and immediate access to cash, EDGE Boost also provides real responsible gaming tools for its users to be smarter. On the operator’s side, it also identifies users who have taken additional steps to play more responsibly without incurring additional costs or overhead.”

Could EDGE Boost Replace Credit Cards?

The timing of the EDGE Boost launch is terrible news but comes at a good time. Lawmakers around the country have sounded the alarm over the dangers of using a credit card to gamble. This has allowed many people struggling with problem gambling to rack up massive debt, leading to devastating consequences.

Many states are considering banning the controversial banking method. If they decide to do so, many gamblers would look for a new way to fund their accounts. EDGE Boost could capitalize on that, leading to a quick rise in popularity. Given the platform’s success during its soft-launch, expectations for success are high.

Is EDGE the Future of Gaming?

Sportsbooks and online casinos have been thriving in the US, but the sharp rise in problem gambling has set them back. Calls for a major crackdown on both industries have grown, leading to operators scrambling for solutions.

EDGE Boost isn’t a magic fix, but it could represent the future of legal gambling. If the platform succeeds, many more will likely follow and could become the industry norm.