Former Thai Prime Minister Thaksin Shinawatra is betting big on legal online gambling to pump the country’s revenue. He estimates that this move could bring in 100 billion baht ($2.89 billion) annually.

Thailand's political heavyweight Thaksin Shinawatra believes Southeast Asia's second-largest economy should push to legalize online gambling, which he said could net the government as much as 100 billion baht, or $2.89 billion, in annual revenues.

The former prime minister of Thailand, Thaksin Shinawatra, said there’s “no risk” in allowing the trade of stablecoins and other tokens backed by tangible assets. He also urged regulators to legalize online gambling for an added revenue stream.

Thailand's cabinet has approved a draft law that would legalise gambling and casinos, a move aimed at boosting tourism, jobs and investment, Prime Minister Paetongtarn Shinawatra said on Monday. Under the government's plan,