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Japan denies reports of eased sports betting restrictions

Newsdesk by Newsdesk
Thu 9 Jun 2022 at 06:22
Taxation tremors

Boat racing is a popular sport to bet on in Japan.

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The Japanese government has denied reports suggesting it may consider easing sports betting restrictions in order to allow betting on a wider variety of sports.

According to a report by The Yomiuri Shimbun this week, Japan’s Ministry of Economy, Trade and Industry has compiled a draft proposal for allowing betting on sports such as football, basketball and baseball. At present, sports betting is restricted to horse racing, cycling, motorboat racing and motorcycling.

It was also reported that Japan’s Sports Development Council could meet for the first time in five years in July, however Chief Cabinet Secretary Hirokazu Matsuno told reporters that he does not expect any such proposal to be implemented.

“Currently, the Ministry of Economy, Trade and Industry is holding a study group on sports, but it has also been reported that there is no plan to present a proposal to lift the ban on sports betting at any of the study groups,” he said.

“I refrain from commenting on hypothetical questions while this is not being done.”

Matsuno’s comments mirror those from the Minister of Economy, Trade, and Industry himself, Hagiuda Koichi, who denied the reports at a press conference earlier this week.

Opponents of the proposal have expressed concerns over the potential for a broader sports betting industry to lead to problem gambling issues.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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