From b06b8a051deec27d191daceddf11982a5c62ac23 Mon Sep 17 00:00:00 2001 From: rosalindaponin Date: Thu, 2 Jan 2025 09:47:15 +0800 Subject: [PATCH] Update '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..2cdef5d --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,41 @@ +
Howzat? The clamour to legalise [sports betting](https://mysuccessdarpan.com/read-blog/12340_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in India
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5 February 2016
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By Sameer Hashmi
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Mumbai Business reporter
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It is the last over of the cricket match, with India requiring 17 go to win versus Australia.
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In his two-bedroom house located in main Mumbai, a middle-aged guy is watching the game, nervously. He's resting on the edge of his grey colour couch with his mobile phone glued to his right hand.
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He has actually made more than 10 employ the last 30 minutes - not to discuss the match but to keep modifying his bet.
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Five minutes previously his cash was on Australia, now as the Indian batsman gets ready to face the last over he's changed his mind.
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"I think India is winning, make the modification," he tells his bookmaker on the phone.
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And a couple of minutes later on his forecast becomes a reality, as India wins the match in a nail-biting surface.
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"I have actually made $200 today," he says with a [childlike](https://www.opentx.cz/index.php/U%C5%BEivatel:JanetteAngel) glee.
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For more than three decades he's been banking on cricket matches. We can't expose his name as what he's doing is illegal in India.
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Besides horse racing, [sports betting](https://pittsburghpenguinsclub.com/read-blog/11804_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) wagering of any kind is not allowed India. Despite that, illegal [sports betting](https://www.buzzgate.net/read-blog/494_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) distributes grow in the country.
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'Black cash'
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According to the Doha-based International Centre for [sports betting](http://it-viking.ch/index.php/User:TerrenceSouthard) Security, India's prohibited [sports betting](https://wow.t-mobility.co.il/read-blog/50_how-are-betting-odds-calculated.html) wagering market is worth some $150bn a year. And much of that gambling money is directed towards cricket.
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Without any legal avenue, punters put 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 greatest specific run scorer.
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Most of these deals involve so-called "black money", which is money not stated to the taxman.
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The 1867 [Public Gambling](https://origintraffic.com/read-blog/1685_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Act bars any sort of gambling in India, however unlike in the US which has a law restricting internet gaming, there is nothing comparable here.
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And offshore wagering companies are utilizing this loophole to draw Indians. Despite the fact that there are no online [sports betting](https://micircle.in/read-blog/443_the-ins-and-outs-of-betting-on-the-nfl-draft.html) operators based out of India, a lot people have actually signed up accounts with offshore companies.
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"Legally you can escape [with this], as the law is unclear for online gaming," states Mumbai- based lawyer HP Ranina.
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But despite this, it is "offline gambling", done through telephone call which control the market.
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Require legalisation
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The clamour to legalise [sports betting](https://www.womplaz.com/read-blog/78_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) in cricket has grown after a panel appointed by India's Supreme Court proposed the concept, [stating](https://voggisper.com/read-blog/1217_for-sports-gambling-to-be-legalised.html) it would help secure down on corruption in the nation's favourite sport.
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The [Justice RM](https://peoplesmedia.co/read-blog/12531_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) was established to recommend changes in the performance of [India's cricket](https://metacouture.co/read-blog/24271_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) regulatory body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League [sports betting](https://inicknet.com/read-blog/2197_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) scandal emerged.
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Two franchises have actually been prohibited for two years after some gamers and team officials were discovered guilty of repairing parts of the match at the wish of bookmakers.
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The panel also argues that legalised [sports betting](https://cheere.org/read-blog/36299_just-how-much-are-americans-spending-on-sports-betting.html) will bring in [tax earnings](https://nubiantalk.site/read-blog/12416_how-much-are-americans-spending-on-sports-betting.html) for the exchequer that might total up to $2bn a year.
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Even gamblers feel that legalising [sports betting](http://www.pickmemo.com/read-blog/11303_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering is a move in the right direction.
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"I do not mind paying some money out my earnings, as long as I can bet publicly," says our cricket bettor.
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It would also open a big service chance for certified bookmakers and global online [sports betting](https://www.contraband.ch/read-blog/41886_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) business to set up operations in India.
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And it would help restrict match repairing in [cricket](https://oolibuzz.com/read-blog/41724_just-how-much-are-americans-investing-in-sports-betting.html) and other [sports betting](https://jimsusefultools.com/index.php/User:Vickie75J08308), argue many, by helping make deals involved in [sports betting](https://farmwoo.com/read-blog/9545_how-are-betting-odds-calculated.html) more transparent.
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"If you work alongside wagering business, you will have a really effective method of marking out match repairing," says George Oborne, who runs a mock [sports betting](https://www.sportpassionhub.com/read-blog/1493_how-much-are-americans-investing-in-sports-betting.html) site, India Bet.
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But many also think, that the taxes imposed on the gambler and the bookie will need to be reasonable to make it appealing enough for them to gamble legally.
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However, there are limitations.
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"Definitely there will be unlawful [sports betting](https://ishare.igrowtech.biz/read-blog/5333_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) due to the fact that (some) people wouldn't desire to leave an audit path by going into the white market," states Mr Oborne.
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He includes that people who use unaccounted money to put big bets will never gamble lawfully.
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Approval question
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For [sports betting](https://ekotur.online/sports-betting/score-big-wins-how-sports-betting-software-drives-growth-and-engagement/) to be legalised, parliamentary approval will be needed to produce a new law, and politically this will be a difficult concept to offer.
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"Despite the fact that lots of people are included in some sort of gambling - it's still a questionable concern for lots of," states our unnamed punter.
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And [offered](https://cheere.org/read-blog/36227_the-ins-and-outs-of-betting-on-the-nfl-draft.html) that India has a [federal structural](https://clik.social/read-blog/19335_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) - each state will need to likewise pass a separate law to legalise [sports betting](https://dev.fleeped.com/read-blog/82_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling in their area.
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"The procedure is so long and challenging that it will take years," states Mr Ranina."That's why, we are negative about this coming true anytime quickly."
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Yet with the concept having been backed by an official panel for the very first time, at least an argument has sparked around a subject - which previously was considered a taboo.
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