From 021cc8a3beaee2250b5950a1ef855b056ef90200 Mon Sep 17 00:00:00 2001 From: rollandcarpent Date: Thu, 2 Jan 2025 04:53:35 +0000 Subject: [PATCH] Add For Sports Gambling to Be Legalised --- For-Sports-Gambling-to-Be-Legalised.md | 41 ++++++++++++++++++++++++++ 1 file changed, 41 insertions(+) create mode 100644 For-Sports-Gambling-to-Be-Legalised.md diff --git a/For-Sports-Gambling-to-Be-Legalised.md b/For-Sports-Gambling-to-Be-Legalised.md new file mode 100644 index 0000000..af1ed17 --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,41 @@ +
Howzat? The clamour to legalise [sports betting](https://connectingsparks.com/read-blog/25091_for-sports-gambling-to-be-legalised.html) in India
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5 February 2016
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By Sameer Hashmi
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[Mumbai Business](https://genzkenya.co.ke/read-blog/80_sport-betting-industry-wants-to-protect-itself.html) press reporter
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It is the last over of the cricket match, with India needing 17 go to win against Australia.
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In his two-bedroom home situated in main Mumbai, a middle-aged male is seeing the game, nervously. He's resting on the edge of his grey colour couch with his [cellphone glued](https://cosplaybook.de/read-blog/7026_just-how-much-are-americans-spending-on-sports-betting.html) to his ideal hand.
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He has made more than 10 hire the last thirty minutes - not to go over the match but to keep [modifying](https://olps.co.za/wiki/User:RobertoLwm) his bet.
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Five minutes previously his money was on Australia, but now as the Indian batsman prepares yourself to deal with the last over he's [altered](https://www.ayuujk.com/read-blog/84_sport-betting-industry-looks-to-protect-itself.html) his mind.
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"I think India is winning, make the modification," he informs his bookie on the phone.
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And a few minutes later his forecast comes to life, as India wins the match in a nail-biting surface.
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"I have made $200 today," he states with a childish glee.
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For more than three years he's been banking on cricket matches. We can't reveal his name as what he's doing is illegal in India.
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Other than horse racing, [sports betting](https://wo.linyway.com/read-blog/1760_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html) of any kind is not permitted in India. Despite that, unlawful [sports betting](https://sportysocialspace.com/read-blog/12018_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) syndicates grow in the nation.
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'Black money'
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According to the Doha-based International Centre for [sports betting](http://video.firstkick.live/read-blog/4662_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Security, India's unlawful [sports betting](https://southwales.com/read-blog/307_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) [wagering](https://sfqatest.sociofans.com/read-blog/704_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market deserves some $150bn a year. And much of that gambling money is directed towards [cricket](https://oeclub.org/index.php/User:KatriceLuu27).
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Without any legal opportunity, punters place bets using their phones by making calls to bookmakers. Gamblers can bank on anything associated to the cricket match, from who is winning to the highest specific run scorer.
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Most of these deals involve so-called "black cash", which is cash not stated to the taxman.
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The 1867 [Public Gambling](https://letustalk.co.in/read-blog/11472_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) Act bars any sort of [gambling](https://gayplatform.de/read-blog/3765_for-sports-gambling-to-be-legalised.html) in India, but unlike in the US which has a law restricting web gambling, there is absolutely nothing comparable here.
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And offshore [sports betting](https://sportstalkhub.com/read-blog/21075_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) business are utilizing this loophole to tempt Indians. Despite the fact that there are no online wagering [operators based](https://bytes-the-dust.com/index.php/User:JimJenkinson549) out of India, a lot individuals have registered accounts with offshore companies.
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"Legally you can get away [with this], as the law is uncertain for online gambling," states Mumbai- based attorney HP Ranina.
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But in spite of this, it is "offline gambling", done through phone calls which dominate the market.
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Calls for legalisation
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The clamour to legalise wagering in cricket has actually grown after a panel selected by India's Supreme Court proposed the concept, stating it would assist clamp down on corruption in the nation's favourite sport.
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The Justice RM Lodha Commission was established to suggest modifications in the functioning of India's cricket [regulative](https://www.womplaz.com/read-blog/93_for-sports-gambling-to-be-legalised.html) body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League wagering scandal emerged.
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Two franchises have actually been banned for two years after some [players](https://doum.cn/read-blog/1970_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) and group officials were condemned of repairing parts of the match at the wish of bookmakers.
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The panel also argues that legalised wagering will generate tax earnings for the [exchequer](https://www.social.united-tuesday.org/read-blog/19480_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) that might total up to $2bn a year.
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Even bettors feel that legalising [sports betting](https://social.concienciacasanare.com/read-blog/16_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) is a move in the ideal instructions.
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"I don't mind paying some cash out my profits, as long as I can bet openly," states our cricket gambler.
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It would likewise open a substantial service opportunity for licensed bookies and worldwide online wagering companies to set up operations in India.
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And it would help limit match repairing in cricket and other [sports betting](http://milkywaystars.site/read-blog/3027_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html), argue lots of, by helping make transactions associated with gambling more transparent.
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"If you work alongside wagering business, you will have a really reliable technique of marking out match fixing," states George Oborne, who runs a site, India Bet.
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But many likewise think, that the taxes levied on the gambler and the bookie will need to be sensible to make it attractive enough for them to bet legally.
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However, there are restrictions.
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"Definitely there will be prohibited wagering since (some) people would not desire to leave an audit trail by getting in the white market," says Mr Oborne.
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He adds that individuals who utilize unaccounted cash to position big bets will never ever bet legally.
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Approval question
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For [sports betting](http://www.asystechnik.com/index.php/Benutzer:CaraWaring456) gambling to be legalised, parliamentary approval will be required to create a brand-new law, and politically this will be a difficult concept to sell.
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"Even though many individuals are involved in some sort of [sports betting](https://bence.net/read-blog/6352_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) - it's still a questionable problem for many," states our unnamed punter.
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And given that India has a federal structural - each state will have to also pass a different law to legalise [sports betting](https://surgiteams.com/index.php/User:DarioThorne47) in their territory.
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"The process is so long and difficult that it will take years," states Mr Ranina."That's why, we are negative about this coming true anytime soon."
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Yet with the concept having been endorsed by a main panel for the very first time, a minimum of a debate has sparked around a topic - which up until now was considered a taboo.
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