Why bet on football, this question is not just a financial transaction but also reflects the psychology, culture and development of sports. Football, the king of sports, has always attracted millions of fans around the world. Betting not only brings the thrill of watching the match but also opens up potential business opportunities for investors.
The reality of football betting in Vietnam
First of all,https://rr88eu.com/ hope you need to look at the current situation of football betting in Vietnam. Although there are many opportunities and high demand from the market, this form of business is still in a deadlock.
Legal guidance on betting
One of the biggest problems that has led to no business being licensed to operate football betting is the lack of specific legal regulations. In 2017, the Government issued Decree 06 allowing a pilot, but after 7 years, no business has been selected.
The Ministry of Finance reported that the 2013 Bidding Law lacks the necessary provisions for organizing bidding to select investors. This not only makes it difficult to select enterprises but also reduces the reliability and transparency of betting activities.
Investment capital issues
According to the new regulations, businesses participating in football betting must have a minimum charter capital of VND1,000 billion. This is a significant barrier for many small and medium-sized companies, which have difficulty raising enough capital to participate in this field.
At the same time, the entanglement in the mechanism of capital contribution from investors has also caused many projects to stagnate. The Minister of Finance has made it clear that many localities have requested approval of investment policies, but due to various reasons, these projects have not yet been implemented.
>>> Don’t forget to visit98win Sportsto participate in betting on more attractive matches.
Illegal betting situation
In that context, the illegal football betting market is growing strongly. The turnover of this market is estimated to be up to tens of billions of USD, causing tax losses for the State. The risks associated with illegal betting not only affect the national budget but also pose potential risks to social security.
Failure to control the flow of money in illegal betting inadvertently creates a favorable environment for illegal activities, without the necessary intervention from authorities.
Benefits of Soccer Betting Business
Despite the current difficulties, there are still many significant benefits if football betting is legalized and organized scientifically.
Increase budget revenue
Legalizing football betting will help the State control the flow of money and collect taxes from this activity. Other countries have proven that they can attract millions of dollars from betting, and this will contribute a large part to the national budget.
In addition, tax revenue can be used to invest in other important areas such as education, health care or infrastructure development. This not only brings short-term benefits but also promotes sustainable economic development.
Developing the sports industry
When football betting is legalized, it will create a new ecosystem for the sports industry. Businesses can invest more in sports infrastructure, thereby improving the quality of tournaments and supporting young athletes.
In addition, football betting also increases competition between teams, encourages them to improve their performance and attract more fans, thereby promoting long-term development for Vietnamese football.
Consumer Support
Legalizing football betting also creates a safe environment for consumers. When the betting market is managed by the State, players will have their rights protected and be safer than participating in illegal betting activities.
Consumers will have access to high-quality betting products at reasonable rates. This not only creates a better experience but also reduces risk for players.
Conclude
Why bet on football? This is not only a form of entertainment but also opens up many opportunities for economic and social development. However, to realize these benefits, there must be synchronous and feasible solutions from the authorities as well as consensus from the community.