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Predictions About the Future of Online Gambling in Bangladesh

What games can I play in Bangladesh online casino?

Banking in Bangladesh is undergoing a massive change. It has been privatized, and foreign banks are slowly making their way into the country. In an attempt to help prevent money laundering, Bangladesh Bank has put new restrictions on cash transactions. Effective July 1, 2011, banks and other financial institutions have been prohibited from carrying out cash transactions exceeding BDT 50,000 (USD $700).

Bangladesh is still a largely cash-based economy and many still prefer to transact business in person or carry out transactions using cash. As a result, changes to the banking system have been slow to take affect.

Credit cards

The most popular forms of online payment in the country are Credit Cards. The most popular credit cards in are Visa and MasterCard. To make online purchases, one must provide their credit card information.

eWallet

eWallets are internet-based accounts that allow users to store money. They can then use those funds for online transactions. eWallets are popular with many foreigners in the country who may not have a Bangladeshi bank account. Some of the most popular eWallets in the country are Moneybookers and PayPal.

Net Banking

More and more banks are providing online banking services in the country. Customers can access their bank accounts online and use that money to transact business.

History of Gambling in Bangladesh

Bangladesh has a rich, long history of playing various forms of the game of dice. The word gambling in the Bengali language can be literally translated to "play with sixes". Six is regarded as the highest single number on a die and an equivalent to ‘the gods' hand'. The British Empire had a strong influence on the spread of the British class-based gambling. The Empire's military bases became hotspots for recreational gaming.

Bangladesh's passion for sport extends itself to horse racing, an activity that is run by the government. However, much like the rest of the world, the country has a growing interest in other forms of gambling as well.

The earliest video games and slot machines were introduced in the 1980s although they were officially frowned upon by the government. During this time, many illegal gambling dens began to pop up all over the country. In recent years, however, the Bangladesh government has legalized and even encouraged gambling as a way to make money for the country.

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Online Gambling Laws and Regulations in Bangladesh

Gambling in Bangladesh is illegal. It has been illegal since the time of independence. The nation's conservative government has taken a hard-line stance against gambling. There have even been crackdowns on the betting that takes place on the country's many racetracks.

Gambling ships, such as the ones found in international waters off the coast of Asia have been raided by the military and police.

Predictions About the Future of Online Gambling in Bangladesh

Bangladesh has been cracking down on online gambling more and more in recent years. The nation banned all online gambling back in 2008. A few years before that, the police were arresting anyone who was involved in internet gambling. In 2006, they raided over 1,000 offices and residences connected to people placing bets online.

Because of this severe crackdown, online gambling is not as big as it could be in Bangladesh. If the nation was to lift its ban on internet gambling, it could become a huge market with the rising popularity of smartphones and online casinos. Many people in Bangladesh do not have easy access to casinos. But, with online gambling, they could play slot machines, black jack, and poker from the comfort of their own home.

Bangladesh Casinos FAQ

faq-question ❓Is land-based gambling allowed in Bangladesh?❓
Gambling has been illegal in the country since independence. The Bangladeshi government has not pursued any efforts to create a legalized gambling industry. There are, however, illegal gambling dens and casinos that operate underground in major cities throughout the country. These illegal gambling businesses are popular among the upper class citizens in Bangladesh. The government has shown little interest in shutting down these businesses but they have been known to raid some of them from time to time.
faq-question ❓Is online gambling allowed in Bangladesh?❓
Gambling of any kind is illegal in Bangladesh for citizens and tourists. Gambling falls under the jurisdiction of the Bangladesh Gaming Control Board, a division of the Ministry of Finance. The board works to prevent all forms of gambling from taking place in the country. Casinos and other gaming houses are not allowed to operate in Bangladesh. Gambling online is especially targeted by the government where most forms are blocked by a firewall.
faq-question ❓What is the main online gambling authority in Bangladesh?❓
There are no online gambling sites that accept players from Bangladesh. This is due to the strict anti-gambling policies that have been in place for many years. In some cases, you will be blocked if you try to access any of these sites. Because of the strict gambling laws, there is not an online gambling authority in charge of the market. At this time, there are no regulated online casinos, poker rooms, or sportsbooks operating in the country.
faq-question ❓What are the online gambling laws in Bangladesh?❓
The online gambling laws in the country are fairly restrictive when it comes to citizens. In fact, online gambling of any kind is completely illegal. The Bangladeshi government has a reputation of pursuing criminal action in cases regarding unregulated online gambling. This can result in fines and even imprisonment for an extended period of time. There are many regulations that are meant to preserve the nation's reputation when it comes to financial matters. The government takes online financial crimes very seriously.
faq-question ❓What is the online gambling age in Bangladesh?❓
The legal gambling age in Bangladesh is 18. Citizens must be at least 18 years of age in order to gamble online.
faq-question ❓Is it safe to play in online casinos in Bangladesh?❓
Gambling in any form is illegal for Bangladeshi citizens. Those who engage in such activities could face legal prosecution from the government. It is not uncommon for law enforcement agents to perform raids on suspected illegal gambling operations. If you are caught engaging in online gambling of any kind, you could face fines or even jail time. The best way to avoid these problems is to simply avoid online gambling all together.
Ted

Author & Guarantor: Ted