VNExpress-July 7

Betting platforms still find ways to access gamblers in Vietnam though they are illegal under Vietnamese law. The State Bank of Vietnam has recently directed banks and payment companies to tighten control over illegal football betting by monitoring accounts with large and dubious transactions and controlling the transfer of money abroad. The 2020 Euro and Copa America championships that have kicked off are attracting enormous interest from gamblers. Fabet.me claims to be headquartered in the Philippines and therefore not subject to Vietnamese law. It offers betting on football, esports, casino table games and others. A gambler can bet by transferring cash to an account at one of several major banks like Vietcombank, BIDV and Vietinbank. Hotline operators tell players that the platform has existed since 2012 and “has been working fine” despite being illegal in Vietnam. Though Vietnam legalized sports betting in 2017, stringent regulations prevent bookmakers from setting up shop, meaning all betting platforms active in the country are illegal. But they remain easily accessible as operators use tricks to circumvent the regulations.

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