The exciting atmosphere of the 2022 World Cup is heating up after each qualifying match; Football betting activities are also more exciting. Recently, the state has legalized football betting with international tournaments such as the World Cup. Is it legal to be 18 years old to play football betting? Today, LSX Lawfirm will give you an article about “Have you been 18 years old to play football betting legally in Vietnam?“, as follows:
Legal grounds
Decree No. 06/2017/ND-CP;
Circular 101/2017/TT-BTC.
What is betting?
Betting is the act of using money or other property to bet on predicting the outcome of an upcoming or ongoing but not yet finished event, also known as a winning or losing bet. money in terms of winning and losing scores of sports matches.
Betting often organized on a large scale, with many people participating through an intermediary acting an intermediary. This subject is the one who sets the conditions and is also the focal point for receiving and paying benefits for the participants on the basis of the contracted content. Any act of betting in any form consider an act of organizing gambling or gambling and must handle in accordance with the law.
What is a football bet?
Football betting is an entertaining game with rewards; in which bettors make predictions about possible outcomes in football events used for the betting business. Participants who guess correctly will be paid in cash; or in kind, services can be converted into money; based on the result of that ball game at the end according to the Betting Rules.
Recently, the Government issued Decree 06/2017/ND-CP regulating the business of betting on horse racing, greyhound racing, and international football. Those who comply with the provisions of this decree not considered to be breaking the law; and those who do not comply still face the risk of being prosecuted for criminal responsibility for gambling.
Legalizing football betting is a trend; that grows in many countries and fund by the state. But due to many different reasons, especially related to security and order and social issues, in Vietnam; betting on football still considered a violation of administrative and criminal laws and faces serious legal consequences; the risk of imprisonment is very high when these lines are “peeled” and handled.
Players’ rights to betting on international football
According to Decree 06/2017/ND-CP, legal international football bettors will have the following rights:
- Be certified and paid in full by the enterprise when winning; in accordance with the published Betting Rules;
- The player is a foreigner; Vietnamese people residing abroad when winning prizes allow to buy foreign currencies at banks; allowed to operate a foreign exchange for transfer; brought abroad in accordance with the law on foreign exchange management;
- To protect by law the legitimate interests arising from participating in betting, and to ensure the confidentiality of individual winning information;
- To have the right to complain and denounce to the enterprise about the reward payment results; fraudulent acts of enterprises and related subjects;
- To enjoy other lawful rights as prescribe by law, and Betting Rules published.
Have you been 18 years old to play football betting legally?
Conditions for participating in international football betting
Those who want to participate in playing international football betting must meet the following conditions:
- Firstly, Be a citizen at least 21 years old
- Secondly, Having full capacity for civil acts as prescribed by Vietnamese law.
- Thirdly, Thus, young people who full 18 years old also not allowed to play football betting legally; but must be 21 years or older with accompanying conditions of civil act capacity to participate.
Objects not allowed to participate in international football betting
Objects not allowed to participate in international football betting include:
- Not being in the subjects that fully satisfy the above regulations;
- Managers, executives, employees and parents, spouses and biological children of managers and executives of a betting business participate in betting by their own enterprise then;
- The members of the Race Supervision Council and the parents, spouses, and biological children of the members of the Race Supervision Council participate in betting on horse and/or greyhound races that they supervise then;
- The jockeys, players, Referees and their fathers, mothers, wives, husbands, biological children, players, and Referees participate in placing bets on the races, matches, and tournaments they participate in. control then;
- Subjects subject to family members who have full civil act capacity are fathers, mothers, spouses, biological children, or themselves, who submit a written request to the betting business enterprise not to allow them to place bets then. ;
- Subjects who being examine for penal liability, have finish serving their sentences; but have not yet had their criminal records cleared; Persons who are in the period of dossier preparation, serving the measure of education in communes, wards, or townships sent to reformatories, compulsory educational institutions, or compulsory detoxification establishments then.
Consulting service of LSX Lawfirm
Above is LSX Lawfirm’s advice on the content of the problem “Have you been 18 years old to play football betting legally in Vietnam?”. And all the above knowledge to use in work and life. If you have any questions and need more advice and help, please contact the hotline for the reception. Lawyer X is a place that provides reputable and fast business services at reasonable prices. Customers will be extremely satisfied when using our services.
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Related article
- Conditions for establishing a legal betting business establishment in accordance with Vietnamese law
- Conditions for applying for the Certificate of eligibility for the international football betting business
- Can a co-owner have separate books according to the new provisions of Vietnamese law?
- How is football betting sanctioned according to the provisions of Vietnamese law?
Related questions
The Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministries of Culture, Sports and Tourism, the Ministry of Planning and Investment, the Ministry of Justice, and the Ministry of Public Security in, submitting to the Government for a decision on the adjustment of the minimum bet level and the bet level. maximum in each period then.
The maximum bet amount per player in a day for each betting product at a betting business is VND 1,000,000 (one million VND) then.
The minimum bet for a single bet is 10,000 VND (ten thousand VND) then.
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