Geographically, Bangladesh is located in the delta of the Ganges and Brahmaputra rivers in the northeast part of the South Asia region. The People’s Republic of Bangladesh emerged in January 1972. In Bangladesh, it is therefore important to know the legal situation and possibilities regarding sports betting. This is a complete guideline on the history of gambling laws and regulation authorities in Bangladesh, allowed and prohibited types of bets, licenses, and top betting sites in Bangladesh.
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Table of Contents
Summary of Key Events
Background on Bangladesh’s Gambling Regulatory Law
To comprehend the evolution of gambling laws in Bangladesh it is necessary to learn about the history of sports betting. The main law regarding gambling is the Public Gambling Act of 1867 enacted in Bangladesh. This act was at first introduced in India and then followed the same in Bangladesh. It has heavily restricted gambling, but allows lottery and horse racing betting.
- 1867: It would also introduce the Public Gambling Act.
- 1971: The country of Bangladesh became an independent country from Pakistan; however, the laws concerning gambling did not change.
- 2021: Bangladesh Bank once more warned the public against using virtual currencies and online betting.
Regulatory Agencies of Betting Sites in Bangladesh
In Bangladesh, the activities related to gambling are controlled by different bodies that focus on the implementation of the law. The primary regulatory body of gambling activities is the Bangladesh Race Control Authority (BRCA). This organization is allowed to govern horse racing betting, which is one of the limited ways of gambling permitted in the country.
Other regulatory bodies include:
- Bangladesh Bank
- Dhaka Metropolitan Police
- Chittagong Metropolitan Police
Prohibited and Permitted Bets
Although most types of gambling are banned in Bangladesh, there are some that are allowed.
Legal forms of gambling include:
- Lotteries: Lotteries which are approved by the government are permitted.
- Horse Racing Betting: Supervised by the BRCA.
- Games of Pure Skill: However, games that entail skills may be allowed since it is not defined in detail.
Some of the prohibited forms of gambling are online casinos, sports betting (other than horse racing), and any activity involving transactions with virtual currency for gambling.
Gambling Licenses and Fees
However, private entities do not get commercial gambling licenses. Thus, only the state can legislate for and regulate what are considered to be legitimate forms of gambling.
Taxation Rates:
- Gambling Tax: In order to calculate the value of the tax 21% of gross gambling revenue was used.
- Gambling Winnings: No charge for the players.
Betting Sites in Bangladesh with High Reputation
However, there are many online betting sites that are in trend among the Bangladeshi bettors regardless of the strict rules. Here are some of the most reputable ones:
Betandyou
Betandyou is considered one of the best betting sites because it provides many sports for betting, great odds, and a convenient website and an application.
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22Bet
22Bet has a rich choice of sports and is growing in popularity because of the great customer service.
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Melbet
Melbet offers a wide sports events and leagues for the players to place their bets on and amazing offers for newcomers and regulars.
Bet £30 Get £30
Some dates from Bangladesh Sports Calendar
Bangladesh has been a sports-loving country for centuries and has witnessed great achievement in the field of sports which has further boosted the sports betting industry.
- 1997: India gets into the semi-finals of the World Cup.
- 1999: Entitling it for the Cricket World Cup.
- 2012: Takes India to victory and wins the Asia Cup.
- 2020: Misses in the ICC Champions Trophy.
Sports Star Glory
Some of the famous athletes have been developed in Bangladesh who have made a proud of the nation.
- Mashrafe Mortaza: More than 300 wickets in the international cricket has been a great achievement.
- Shakib Al Hasan: First cricketer to become no 1 all rounder in all the three format of the game.
- Tamim Iqbal: The first Bangladeshi batsman to score a century in the test cricket let alone a double century.
Overview of Gambling Laws in Neighboring Countries
Knowledge about the neighboring countries’ regulatory environment may be useful as well.
- India: Most of the forms of gambling are prohibited yet licensed in some states like Goa and Sikkim.
- Myanmar: Similar to Bangladesh, the legal options are also quite limited here.
- Nepal: While gambling is prohibited for the citizens, it is legal for foreigners in specific zones.
Conclusion
The legal framework of sports betting in Bangladesh is rather convoluted as it is based on the laws from the British colonial period. Nevertheless, the emergence of online betting sites has given the bettors a new chance. Knowing the legal aspects of the matter and using well-known websites, it is possible to have a good time and make sports bets legally. For those people who would like to gain more information or require more information, then it is possible to subscribe to the newsletter or get advice from industry specialists.
FAQ about Betting Sites in Bangladesh
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