The draft presidential decree, initiated by the Ministry of Sports, proposed to legalize sports betting in Uzbekistan as of January 1, 2021, the Xalq So’zi newspaper said.
According to proposal, foreign experience shows that betting help raise funds for further investment. Also, all interested departments will have to prepare proposals for amending the Criminal and Administrative Codes, so that people associated with sports would not able to influence betting companies and to bet.
The document adds that the Capital Markets Development Agency will deal with issuing betting licensing, with part of the profits to be directed to the development of sports, primarily football.
