Vietnam wants to legalize sports betting

Vietnam wants to legalize sports betting

Vietnam sees a future where the country can embrace, not shun, gambling. As the idea of expanding its casino market continues to lead legislative discussions, legal sports betting is making an appearance.

Pham Van Hoa – Vietnam’s National Assembly lawmaker said it is time for the country to consider legalized sports betting and it would help reduce the black market activity.

Hoa brought up the topic of legalized sports betting in a National Assembly meeting with To Lam, Vietnam’s minister of public security. He emphasized how widespread online gambling has become, and how the lack of regulations is impacting society.

As a result, hoa said, the only way to combat the problems is to legalize the activity. This will enable the creation of regulations to protect consumers, while also adding tax revenue to state coffers.

Hoa also feels this is the right opportunity to introduce online sports betting in a controlled environment.

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