Pakistan is on the brink of a major shift in its sports betting landscape with the introduction of a new law aimed at regulating betting markets, particularly for cricket and football. These two sports, which enjoy widespread popularity across the country, are expected to become the primary focus of the regulated betting framework. With millions of Pakistanis already placing bets on domestic and international cricket matches, and football growing in fanbase, the government’s move to legalize and regulate sports betting is seen as a way to both address the current underground market and capture valuable tax revenue. The new law, which is expected to be introduced in 2025, will provide a formal, legal framework for betting platforms, ensuring that activities are conducted safely and transparently.
The regulation of sports betting on cricket and football markets will help curb the influence of illegal betting syndicates, which have long controlled much of the country’s gambling activities. According to Geo News, the new law will set strict guidelines for operators, including licensing requirements, anti-money laundering measures, and safeguards to protect consumers from the risks of gambling addiction. Football, which has seen a surge in popularity with the rise of the Pakistan Premier League (PPL) and international events like the World Cup, will likely attract considerable attention from both bettors and operators. The ability to bet on both cricket and football matches will provide a diverse and expanding market for the industry.
The introduction of a regulated sports betting environment is expected to generate significant revenue for the government, with some estimates suggesting it could add hundreds of millions of dollars to Pakistan’s economy. By legalizing and overseeing the process, the government can ensure better consumer protection, increase transparency, and prevent the exploitation of bettors. As the law moves forward, cricket and football fans can look forward to a safer and more organized platform for enjoying their passion for the game while contributing to the national economy.
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