Vietnam may allow sports betting, but with a $45 daily limit

Sports bettors in Vietnam will soon be able to indulge in their favorite pastime on a legal basis, as long as they don’t go over the $45 daily limit.

Finance officials are reportedly seeking the government’s approval to legalize sports betting in the country. A finance ministry official told Thanh Nien Sunday that the goal is to “legalize betting on certain international football matches to be decided by the Ministry of Culture, Sports and Tourism.”

Under the proposal, people can bet on the match scores, number of red and yellow card given, among other things. The proposal was fashioned after a draft made in 2010 that proposed legalizing betting on both domestic and international football games.

“The regulation aims at keeping a careful eye on gamblers and step-by-step development to avoid regrettable consequences,” the finance official said.