It is not illegal to place bets on sports events, and horse races in Malaysia since the legality of sports betting in the country depends on gambling laws. Ethnic Malay Muslims, who comprise two-thirds of the population, are expected to abide by this law, as are non-Muslim minorities. In addition to legal sports betting, the country has a thriving casino industry.

In Malaysia, betting on sports is hugely popular. While traditional casino gambling is illegal, online betting proliferates and becomes increasingly affordable. In addition to accepting Malaysian currency, numerous international betting sites take Malaysian customers.

Betting on sports in Malaysia is still illegal for non-natives, but foreigners have more room. If a licensed bookmaker backs them, they can bet on any sport and horse race. However, the legality of placing bets with an offshore bookmaker is still questionable. 

Although there are no restrictions on betting in Malaysia, the laws are complicated. The life of gamble in their country is a considerable risk that some take despite the informalities in legality. The Betting Act, passed after Malaysia’s independence, enacted in 1953, was last updated in 2006 and does not mention entirely legalizing online gambling. Under this regulation, a person entering a typical betting house without a license may be fined up to 5,000 MYR and even receive a jail sentence of up to six months.

Furthermore, the government is trying to limit its citizens’ access to foreign online gambling websites by instructing banks not to sanction transfers to these sites. That is why it is vital to understand the laws surrounding online betting in Malaysia before starting a new business.

That is only half of it.

Continue reading the infographic below as the company known for providing an accurate sg horse racing schedule and sharing effective blackjack strategy, CM2BET shares all the pros and cons of betting in Malaysia: