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South Korea’s Push for E-Sports Betting Gains Momentum
2024-12-28 01:30:43South Korea, a global leader in e-sports, is exploring the legalization of e-sports betting to capitalize on the industry’s rapid growth. The proposal aims to regulate betting on popular games like League of Legends, Dota 2, and Valorant, with strict meas
South Korea, a global leader in e-sports, is exploring the legalization of e-sports betting to capitalize on the industry’s rapid growth. The proposal aims to regulate betting on popular games like League of Legends, Dota 2, and Valorant, with strict measures to prevent match-fixing and underage gambling.
Supporters believe that regulated e-sports betting could generate significant revenue for the government while boosting South Korea’s standing as a hub for competitive gaming. However, opposition from conservative groups and concerns about gambling addiction among young players pose challenges.
The government is conducting feasibility studies and consulting with stakeholders, with a decision expected in 2024.
writer:maik
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