Government passes law on legal sports wagering
The government in Vietnam has expanded its legal sports betting market. On Thursday, the National Assembly voted overwhelmingly in favour of the new Law on Sports and Physical Training – 457 – 1.
The law will take effect on 1st January 2019 and will offer a wider variety of wager-worthy sports. It also includes a provision covering legal sports wagering. The sports to be included have yet to be announced by the government.
Back in February 2017, the country issued a Decree which demanded a five-year pilot program that would allow bettors to wager on international football matches as well as horse-and-dog racing. The pilot program proceeded to launch last December.
Following this, a list was published detailing the officially acceptable international football matches on which Vietnamese punters could wager. The list included the FIFA World Cup as well as matches involving the Asian Football Confederation, the Asean Football Federation, the Copa America Femenina and some UEFA Champions League action.
Bettors will be limited to a daily maximum wagering total of only VND1m (US$44) with any single betting operator. There was also no suggestion that the government was considering allowing online wagering.