🖐 Is India ready for legalising betting in sports?- Business News

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The only way to answer that question is to look at the potential pros and cons and analyse the ways that legalisation has impacted other countries.


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Law Commission recommends legalising sports betting in India
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The paper addresses the pros and cons of legalizing lotteries and gambling in India. It examines the real consequences and actual harms caused by gambling​.


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The report titled, “Legal Framework: Gambling and Sports Betting including in Cricket in India” read that having discussed both pros and cons of.


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Legalising betting in cricket would help to bring a multi-million dollar industry into the Column | The pros and cons of legalising betting In India, betting is legal for horse racing and there are authorised bookmakers who.


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In this sense, a law protecting a person from himself can also be considered a bad law. Betting as a vice cannot be eliminated. For some, it can be viewed as the growth of an economy, and thriving industry, for others it can be viewed as marring the spirit of the game and corruption among the sportsperson. Showcase your work, market yourself and connect with opportunities.

Betting can be a very scandalous topic, especially when considered in the context of betting in sports. Sign in. What updates do you want to see in this article?

Azharuddin and Ajay Jadeja. Post Views: Share on Facebook. However, plethoric restriction attracts more crime. Also, when betting is done in the open markets, they are easily traceable, thereby reducing the chances of rigging. Matches are fixed to make more and more amount of money. Add to that the huge amount of money involved in betting and the problems gets a lot worse. Once the market is open, people will prefer to bet through fair channels, online or offline. Also, with the changing times, the society has come to accept betting activities and not see betting as nefarious. Various arguments can be given in favor of legalizing betting in sports specifically with respect to cricket. I think betting in sports should be legalized in India. But such restriction on the part of the government incriminates everyone, even those who can act responsibly. Talking about betting in the Indian context, especially with regards to betting in cricket, the debate has been a long drawn one. Obviously, in the black market, the betting industry is harder to track. The greatest advantage of regulating sports betting is that there will be accountability for the large amounts of money transferred through illegal channels leading to a reduction in cases of match fixing, money laundering, and crimes. Did you find this blog post helpful? It will suck out the liquidity from the unregulated market, and chances of fixing will reduce drastically. A few arguments given in favor of legalization of betting are as follows-. Login with your social accounts:. I think betting should be legalized in India it reduced the chances of match fixing. Whenever we are talking about any law, we need to see the pith and substance of the law, i. When a person is unable to make any sound decision overwhelmed by his greed for money, the government intervenes and tell them how to conduct yourself responsible way. Such increase in profits also draws out many more people to these criminal syndicates to fill their pockets more easily. But he also emphasizes on the fact that it is not for him to suggest what India should do in terms of legislations and laws regarding the issue of legalization of betting. Therefore, the need of the hour is to come up with an active regulatory framework- whether the principle philosophy is to permit or restrict betting, but not completely banning it. He states that where betting is legalized it is heavily regulated, and they work in close conjunction with us, so it does assist the ICC. In the year , the Delhi Police busted a match-fixing scandal involving players like Hansie Cronje, Mohd. But if at all betting is legalized in India, he believes that ICC will be seeking close collaboration who would govern the activity of betting. A boost in the economy always helps and legalizing betting does provide that boost. Criminals are not very interested in following the law from the outset only. When people like ex-CBI chief, Ranjit Sinha and former captain of the Indian cricket team, Rahul Darvid talks about legalizing of betting in cricket, you got to take notice of the fact. Before going into the intricacies of it, let us see what the effects of making gambling illegal are it is in common knowledge that betting is illegal in India. Thanks for sharing. Recover your password. Thanks for sharing…Your Articles…. Coming back to the point of legalizing of betting , no other problem has marred Indian sports especially cricket than betting and match fixing. Password recovery. If a licensed bookmaker or establishment is caught in the scandal of rigging games, their business would be ruined both legally and in terms of customer base. Where can you work as a banking and finance lawyer? As a civilized society, we understand what good laws are. Such activities are taking place even when it is illegal. Such restrictions rather broaden the operation of criminal activities instead of restricting them. Any law or statute, protecting the rights of an individual, and protecting him from harm, which may be caused by other are deemed to be good laws. And based on that object a law can be good or bad. This way also the economy loses a lot of money. Get help. Where an individual could have placed his bet with a controlled and licensed establishment, he gets entangled in a black market, where no protection of the law is granted. With betting activities going underground, it becomes harder to dragoon and oppress the problem of match fixing. According to him, it would be much easier to track incidents of spot-fixing and game-fixing if the betting Industry is legalized in India. Forgot your password? There are contrasting views about it, but the recent trends indicate that there is a careful inclination towards legalizing betting in sports. Just complete this form…. One more argument against betting is that it appeals to the criminals factions. The fact apart, people from different walks of life has spoken about legalizing betting in cricket. Sometimes excessive restriction creates more problems than they were intended to untangle. Sign in Join. Subscribe so that you never miss another post! Log into your account. Betting is illegal in India, but still the betting markets exist, which are being controlled by the dark underworld. So instead of turning its back to the problem, the government should find solutions. This problem does not rear its ugly head in a regulated market, where the reputation of the bookmaker or the establishment is the prime concern of the bettors. Arguments against legalizing betting are mainly focused towards protecting a person from himself. Create an account. Sign up. Glad to discover this awesome post on cricket prediction. If betting in sports legalized in India, chance of Match fixing become rear. The economy loses a lot of money to betting, and it also increases the amount of black money being circulated in the market.