Is sports betting legal in Vietnam? Things to Note
Legal sports betting is gradually being approached by establishing a legal framework as the basis for state management. While online sports betting was previously considered a form of gambling, legal changes now view it as a legitimate business. Many online sports bettors assume that betting on sports online is already considered legal and worry-free. However, it's important to note that the government establishes legal regulations for the purpose of management. Therefore, before engaging in legal sports betting, it is essential to understand the legal regulations regarding sports betting and online sports betting in general to adjust one's behavior accordingly. What are those issues? Let's explore them with Wintips in the following article. Currently, the regulations on legal international sports betting are specified in Decree No. 06/2017/ND-CP on the business of horse racing, dog racing, and international football betting (collectively referred to as sports betting). Examining the law and the actual situation, we need to ensure the following key issues:
Is sports betting allowed in Vietnam?
In recent years, the government has made more open decisions regarding sports betting, including football betting. This means that players can participate in sports betting, but they must meet the requirements set by the government.
Football betting is one of the legalized forms of gambling governed by the law. Those who want to ensure safe football betting need to understand what legal football betting is in Vietnam. What are the legal requirements for football betting and what do you need to know about sports betting?
Some conditions for determining legal sports betting
In terms of the player's side, those participating in betting must comply with the regulations:
Players must be at least 21 years old and possess full civil capacity as stipulated by law.
Does sports betting violate the law?
In practice, gambling, including sports betting, falls within the scope of legal control. So, does football betting violate the law? In fact, sports betting activities, including football betting, do not violate the law. However, there are still cases where sports betting is prosecuted and prosecuted, depending on the bet amount and the scale of the betting match.
Is sports betting safe or does it violate the law?
Especially for online sports betting, it is considered a legal game. Therefore, players can fully participate in these games without any worries. However, it is important to choose safe and legally licensed bookmakers to play more securely.
Violations of sports betting and major gambling organizations will be seriously handled. The temporary detention period for suspects during the investigation is not more than 3 months for serious offenses and not more than 4 months for very serious offenses. Therefore, choose online sports betting forms to avoid regrettable consequences.
How is legal sports betting defined?
In recent times, the Vietnamese government has shown openness to betting and football betting activities. Particularly, the Vietnamese government has approved a decree allowing legal football betting in Vietnam and related international football betting, dog racing, and horse racing activities. This decree officially took effect from March 31, 2017. It emphasizes the following points:
These are some basic factors to determine whether you are participating in legal sports betting in Vietnam.
Requirements for players participating in betting must be citizens over 21 years old. Meeting both capacity and civil behavior.
The minimum bet for each play is 10,000 VND (Ten thousand VND) and the maximum is 1,000,000 VND (One million VND).
You must participate in betting at licensed and valid betting venues approved by the government. Is sports betting allowed in Vietnam?
Therefore, if you follow the framework of this decree correctly, sports betting activities in Vietnam are entirely legal. Besides, the decree also clearly states that businesses wishing to operate in this field must meet all the specified conditions. They must complete the investment registration procedures and obtain government permission before conducting business.
In particular, many online betting platforms have emerged, so players need to be careful to avoid fraud. Among them, wintips is a licensed and experienced bookmaker legit. This will be a safe and exciting playground for you!
发表于 2024-1-18 12:17:15
