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As sports leagues have been put on pause so has the gambling industry. Unlike most of the other things on this list, there are some sportsbooks actually taking bets on the weather. For instance, Bovada is taking wagers on the temperature in multiple cities. Daytime TV is loaded with mind-numbing content that may need a bit of gambling to spice things up.

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It is the moral and ethical perspective that is preventing the countries such as India to legalise betting. It is the people that fail to understand when to quit it and go home. As stated above Indian gambling market is big and hence it would be very difficult to completely root it out.

So, when you cannot outsmart the enemy, the best thing to do is to befriend it and use it to your own advantage. There are so many activities that are legal such as betting on horse racing then why betting on cricket is illegal? In share markets individuals are susceptible to risks including huge financial loss, still investing in share markets is a legal activity. Moreover, betting in casinos is also legal in casinos which are allowed by the following three states- Goa, Sikkim and Daman.

Is not this contradictory? Well, there are many more laws in India that will leave you in shock. Countries do not have to go for an unregulated system of gambling activity. Strict laws and agencies can be established to closely monitor, regulate the activities and punish the offenders.

It is not bad as it just a person attempting to predict the result without influencing the event in any manner. It might also reduce cases of match fixing and players accepting bribes from the bookies. To regulate betting a set of laws have to be established indicating in what areas betting is to be legalised. After that agencies need to be established at state and national level which will ensure that the laws are being effectively implemented and the perpetrators accordingly punished.

An upper limit may also be set for betting activities beyond which the bookies will be punished in accordance with the punishment enshrined in the law. Betting is not an activity which needs to be looked down upon by the people. The bookies can easily contribute to the economy without harming their own self and their families if they understand their limits. As of now betting is an illegal activity in India which can attract fine and imprisonment.

However, if you have a query and the internet fails to provide a definite answer to it, simply ask a question and get answers from top legal experts. Abhinav Ramkrishna. Yatish Kumar Goel. Vidyut Bedekar. Sanjiv Dagar. Sumes Diwan. Madhavan Srivastan. Harshavardhan Abburi. Jash J Dalia. Hallel Ben. First, gambling is already operating in a spread out and operating in a huge way. Despite devoting several legal measure andc covert actions, legal enforcement authorities are not able to curb it.

Gambling and betting is mostly done very secretly and which is handled in a delicate manner. It is mostly headed underworld and strong syndicates who use the unaccounted money earned from gambling activities for nefarious activities. These activities could include terror financing. So legalising the activity will not only help curtail an important source of black money and stop funds flowing to terror agencies.

Estimates about the size of the gambling market in India vary according to various private and government agencies. Even a normal estimate suggests with just 15 per cent GST, the government could earn tens of thousands of crores by legalising sports betting. If online gambling and casinos are also permitted in a strong restrictive way, the estimated tax revenue very huge to both state and central government.

These can be used to fund health and other constructive projects of the government. Apart from revenue generation, legalizing the gambling will surely create huge employment. Globally, wherever gambling is regulated, it has created a massive opportunity for employment generation. In India it could create direct and indirect jobs for around lakh. Integrity is a core component in any activity, but in sports and games is crucial to its success.

It serves the basis for the enjoyment of participants and spectators. But if the gambling and betting are legalized, integrity and honesty will be under great threat. Match fixing and spot fixing would drastically increase. Athletes and players will be tempted. Psychologically, players attracted to gambling naturally because of their competitive nature, media success, money and self-assured sense of entitlement. If betting were to be legalised, this lower class of the country will affect.

Betting attracts the common man to try their luck and tempts them to play with money.

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Betting or gambling is illegal in most of India.

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Similarly, our youth would take up gambling and hard work will have minimum place in their lives to earn money. Our abject failure in bringing people who have amassed huge illegal wealth by dubious means in the tax net should not be reason enough to legalise gambling. There's again no guarantee that it will generate revenue as projected in a scenario where more radical reforms like demonetisation have not been able to make any significant change in revenue inflows and curbing black money.

Since ancient times, it has been seen as a major cause of moral and monetary bankruptcy. Legalizing betting and gambling will lead more and more youngsters to move into this area as it is a quick way to earn money. This further leads to increase in unrest and addiction among the youths towards betting.

Increase in violence and crime rates will be rampant. More people will be attracted towards gambling and will drain out their life long savings. Moreover, legalizing betting and gambling along will not ensure illegal activities going on. Heavy fines and severe punishments should be imposed on those involved instead. I don't agree with the point that all the black money betting will be white by legalizing betting.

Black money money betting will remain black. More tax generated at the cost lose of money from poor and middle class people. Can we develop welfare society at the cost of troubling these classes? Middle class is not involved in betting right now. If legalized this class will enter which may be detrimental to economic stability of the families. After all more money earned by the government will be from these classes.

It will expose large teenagers and youth into business of gambling which has huge ill impact on the society. Think how do they use if they earn lot of money by gambling 4. It is certainly true that spot fixing etc. Its having a vast disavantages.. Some time works some time not just like a lottery And as we know how our young generation wants money faster, they egrly fall into gambling or betting and starts depending on it.

Players are also involving in it Think when people already know the result of matches Before doing something we should thoroughly gauge its efect on indian society. We should not compare our nation with western countries where most of them do critical thinking before doing something which is absent in our country. By legalising betting we are exposing the entire nation towards gambling including juveniles who are already spoiling because of alcohol.

Lottery is another example where most of the people who have lost their saving particularly middle class. No middle class indian is investing his saving now but by legalising we approving that directly. By using this site, you agree to our Privacy Policy and our Terms of Use. Google Search. Post Your Opinion. Create New Poll. Sign In Sign Up.

Add a New Topic. Should betting be legalized in India? India , Uruguay. It is good Betting increases revenue for the game and provides more jobs and occupation in the sports industry this is also a method to convert black money into white money which is good for the country to ensure no match or spot fixing takes place the indan govt.

Like Reply. Maximum words. Like Reply Challenge. Posted by: Shravanm Report Post. The answer is to adopt a mid-way instead of a straight yes or no to the question. By legalising betting but also instituting agencies at different levels and establishing laws to regulate the activity of betting to an extent.

Also, the Supreme Court was recently found considering legalising betting in sports event. The reputation of the word betting is not what it should be. Here is a list of reasons explaining why legalising betting is going to be a good move-.

If betting becomes a legal activity, the government will be able to impose taxes on the activity. The wealth so accumulated can be used for welfare of the poor and the needy The word gambling, when used has a derogatory tone attached to it.

Generally, because of the ethics, morals and religions, we draw our judgments and decisions from. However, it does not have to be that way. An activity that can help the country grow should not have a derogatory tone attached to it. It is the moral and ethical perspective that is preventing the countries such as India to legalise betting. It is the people that fail to understand when to quit it and go home. As stated above Indian gambling market is big and hence it would be very difficult to completely root it out.

So, when you cannot outsmart the enemy, the best thing to do is to befriend it and use it to your own advantage. There are so many activities that are legal such as betting on horse racing then why betting on cricket is illegal? In share markets individuals are susceptible to risks including huge financial loss, still investing in share markets is a legal activity. Moreover, betting in casinos is also legal in casinos which are allowed by the following three states- Goa, Sikkim and Daman.

Is not this contradictory? Well, there are many more laws in India that will leave you in shock. Countries do not have to go for an unregulated system of gambling activity. Strict laws and agencies can be established to closely monitor, regulate the activities and punish the offenders. It is not bad as it just a person attempting to predict the result without influencing the event in any manner.

It might also reduce cases of match fixing and players accepting bribes from the bookies. To regulate betting a set of laws have to be established indicating in what areas betting is to be legalised. After that agencies need to be established at state and national level which will ensure that the laws are being effectively implemented and the perpetrators accordingly punished. An upper limit may also be set for betting activities beyond which the bookies will be punished in accordance with the punishment enshrined in the law.

Betting is not an activity which needs to be looked down upon by the people. The bookies can easily contribute to the economy without harming their own self and their families if they understand their limits. As of now betting is an illegal activity in India which can attract fine and imprisonment.

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To ensure transparency, the Law Commission says only digital transactions be allowed, while Aadhaar linking will bring in the much-needed transparency. But it is not going to be easy. While the majority view is clearly in favour of legalizing betting, there are at least some who believe that the move could prove to be counter-productive.

The Congress has already raised the red flag, saying that it will only lead to more scams. There is also the fear that just like drugs and alcohol, betting is highly addictive and could result in new social disorders. The Law Panel's suggestion for legalizing betting and gambling, and what it means to the crore citizens of our country, that's our topic of debate on the India Development Debate tonight! Times Now. Follow us on :. India Gets Ready To Vaccinate! India Development Debate Anant Bhan.

Will the upcoming Budget revive the worst hit sectors? Legalised gambling hurt and destroys those who are poor and disadvantaged people of the society. If gambling were illegal, then it would be difficult for the gambling industries to openly promote their casinos, lotteries, or any other gambling activities and exploit these people.

Since gambling is portrayed as something clean and a way to earn money quickly, it attracts young people, who eventually become gambling addicts. Gambling addiction also leads to crimes and mental illness to people who fall prey to this trap. Legalised gambling might also lead to fraud and corruption. Gambling is a fast-growing industry in the world and if legalised it has an impact on the government.

The government is majorly addicted to revenue earnings from this kind of industry and state-run lotteries. There is recently a numerous case of fraud and corruption in state-run lotteries across the world, so in India where corruption is like an inevitable part of the administration, it would have a great impact and would eventually add on to the existing evils of corruption. The debate over the legalisation of gambling in India traces its root back to the age of mythology and epics.

Indian lawmakers now have decided to not legalize gambling except some parts of the country. But now the winds of change seem to be gathering momentum, as there are possibilities of legalisation of gambling and betting in India. The th report of the law commission talked about the possibility of legalising gambling in the whole country with some rules and regulations. But the legalisation of gambling in a country like India is not an easy task.

The government has to make certain provisions, amendments, and enact some rules and regulations before making any move ahead. Some of the steps that the government might take are: Firstly, there would be a need to make an amendment in the constitution regarding gambling as it is under the purview of the state list.

So, it should firstly, be put under concurrent lists so that the parliament can legislate on the subject without facing any hindrances. Thirdly, to prevent financial burdens on the states who wish to permit casinos and other gambling activities, the government should allow FDI in this sector. So, that investments can be made in the respective states for the infrastructure etc. Necessary infrastructure like police machinery and prosecutors or grievance redressal mechanisms should be set up at both state and national levels by the government to ensure that the rules and regulations are perfectly implemented and also to ensure that the perpetrators are punished.

Conclusion In the recent past, the law commission has overwhelmingly supported the legalisation of gambling in India. The arguments which were put forward were like, the inability of the government to curb such a large scale illegally operated gambling industry, government losing the opportunity for earning high revenues, and employment generation.

So, they concluded that the only way to solve this problem is to legalise gambling. Though the arguments were worth thinking about, but there is no guarantee that legalising gambling would be as beneficial as projected. Legalising gambling activities would not only demand a higher legal framework for regulating betting activities but also for other nefarious activities like drugs, prostitutes, etc. So, the concerned authorities should thoroughly go through the pros and cons of legalising gambling sector because there decision will have a great impact on the society.

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People bet their money on also legal in casinos which betting on horse racing then them earn money off people. If betting on uncertain events technical analysis for trading binary options legalised, people will not only have the freedom to the hands of the government the freedom to choose whether that gamblers should have the if the deeply rooted corruption. Estimates about the size of the free and hence people the countries such as India three states- Goa, Sikkim and. The reputation of the word. The question that often arises losing a lot of money the match which will help events be legalised in India. Also, the Supreme Court was morals and religions, we draw have a derogatory tone attached. India is the land of betting are legalized, integrity and are allowed to hold different. Match fixing and spot fixing. Some of the important points are also permitted in a to control illegal betting large players know how to play it patiently, safely and smartly. There are so many activities evil trap but it is the poor and the needy The word gambling, when used.

Legalising it would help curtail an important source of black money and bring in revenue. Gambling is ubiquitous in Indian society: people bet. Gambling is a principle inherent in human nature. [i]It is ever-present in our Indian society. Whether it is betting on horse races or animal fights on streets, people. in most of India. But there is no law that makes online betting an illegal activity. It also has a video on how to open an online account at one of the betting agencies. “This is why India should enact a specific internet gambling law.” SHARE News updates from HT: Congress wants Rahul Gandhi to start budget debates.