Vietnamese lawmakers approved larger sports betting margin

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Vietnam’s National Assembly voted a bill that will grant locals to bet on certain international football games, on horse and dog racing as well.

Vietnam’s move comes after the US Supreme Court revoked PASPA and allowed the segment to be legalised nationwide. Following the American example Vietnam also made improvements as the National Assembly passed a new bill which allows the Vietnamese to bet on sports events, government-approved ones!

The Law on Sports and Physical Training will go into effect next January 1st and was supported by 457 deputies who voted to approve the bill. It is based on a 2017 decree which allowed the Vietnamese to place bets on certain international football games and horse and greyhound racing which hasn’t impacted the market as there are no operators authorised to operate in Vietnam yet.

While disagreeing ministries have taken a role on a lack of organisation for an operator’s bidding process, economist Nguyen Tri Hieu assured that bookmakers would suffer heavy losses if they were to only offer betting on FIFA-recognised tournaments as the government wants. However, the approved legislation is one more step in the right direction to get the segment up and running.


Source: FocusGamingNews