commit 008b140e77afcf1e5bd5227cc0fc1989f9056632 Author: winstonzaleski Date: Thu Jan 2 18:46:44 2025 +0800 Add 'For Sports Gambling to Be Legalised' diff --git a/For-Sports-Gambling-to-Be-Legalised.md b/For-Sports-Gambling-to-Be-Legalised.md new file mode 100644 index 0000000..714457d --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,41 @@ +
Howzat? The clamour to legalise [sports betting](https://wiki.whenparked.com/User:DollyMacaluso6) wagering in India
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5 February 2016
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By Sameer Hashmi
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Mumbai Business press reporter
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It is the last over of the cricket match, with India needing 17 runs to win against [Australia](https://wo.linyway.com/read-blog/1756_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html).
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In his [two-bedroom](https://uptoscreen.com/read-blog/74186_just-how-much-are-americans-spending-on-sports-betting.html) home located in central Mumbai, a middle-aged male is seeing the game, nervously. He's sitting on the edge of his grey colour couch with his mobile phone glued to his best hand.
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He has actually made more than 10 calls in the last thirty minutes - not to discuss the match but to keep revising his bet.
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Five minutes earlier his cash was on Australia, now as the Indian batsman gets all set to deal with the last over he's altered his mind.
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"I think India is winning, make the modification," he informs 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 states with a childlike 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 unlawful in India.
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Aside from horse racing, [sports betting](https://doum.cn/read-blog/2208_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering of any kind is not enabled in India. Despite that, illegal [sports betting](https://seenoor.com/read-blog/440_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) syndicates grow in the country.
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'Black money'
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According to the Doha-based International Centre for [sports betting](https://gamehiker.com/wiki/index.php/User:RaymonMullis0) Security, India's unlawful [sports betting](https://oolibuzz.com/read-blog/41601_online-betting-firms-gamble-on-soccer-mad-nigeria.html) market deserves some $150bn a year. And much of that gambling cash is directed towards cricket.
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Without any legal avenue, punters position bets utilizing their phones by making calls to bookmakers. Gamblers can wager on anything associated to the cricket match, from who is winning to the highest specific run scorer.
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Most of these transactions include "black cash", which is cash not [declared](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:JaunitaGarlock7) to the taxman.
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The 1867 Public Gambling Act bars any sort of gambling in India, however unlike in the US which has a law prohibiting web gambling, there is nothing comparable here.
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And overseas [sports betting](https://blablasell.com/read-blog/11943_things-you-need-to-learn-about-rafting-adventures.html) business are utilizing this loophole to tempt Indians. Even though there are no online [sports betting](https://www.tobeop.com/best-u-s-sports-betting-sites-sportsbooks-for-2024/) operators based out of India, a lot people have actually signed up accounts with overseas companies.
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"Legally you can get away [with this], as the law is unclear for online [sports betting](https://pittsburghpenguinsclub.com/read-blog/11584_the-ins-and-outs-of-betting-on-the-nfl-draft.html)," says Mumbai- based attorney HP Ranina.
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But regardless of this, it is "offline [sports betting](https://tripta.social/read-blog/1302_how-much-are-americans-investing-in-sports-betting.html)", done through call which control the market.
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Calls for legalisation
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The clamour to legalise wagering in [cricket](https://bytes-the-dust.com/index.php/User:JurgenBeggs735) has actually grown after a panel appointed by India's Supreme Court proposed the idea, stating it would help secure down on corruption in the nation's preferred sport.
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The [Justice RM](https://redmonde.es/read-blog/100_how-to-play-bet9ja-online.html) Lodha Commission was set up to suggest [modifications](https://strimsocial.net/read-blog/19056_how-to-play-bet9ja-online.html) in the performance of India's cricket [regulative](https://social.ppmandi.com/read-blog/237_online-betting-firms-gamble-on-soccer-mad-nigeria.html) body, the Board of Control for Cricket in India (BCCI), after the 2013 [Indian Premier](https://social.myschoolfriend.ng/read-blog/40759_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) League [sports betting](https://social.oneworldonesai.com/read-blog/1566_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) scandal came to light.
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Two franchises have actually been banned for two years after some gamers and group officials were discovered guilty of fixing parts of the match at the request of bookies.
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The panel also argues that legalised [sports betting](http://yijichain.com/read-blog/15062_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) will bring in tax profits for the exchequer that might total up to $2bn a year.
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Even bettors feel that legalising [sports betting](https://sundaycareers.com/read-blog/2766_how-much-are-americans-spending-on-sports-betting.html) wagering is a relocation in the best direction.
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"I do not mind paying some money out my revenues, as long as I can bet openly," says our cricket bettor.
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It would likewise open a big company chance for licensed bookmakers and global online wagering business to set up operations in India.
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And it would assist limit match fixing in cricket and other [sports betting](https://welcometohaiti.com/read-blog/16359_for-sports-gambling-to-be-legalised.html), argue numerous, by assisting make deals associated with gambling more [transparent](http://lifethelife.com/read-blog/4909_how-are-betting-odds-calculated.html).
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"If you work alongside wagering business, you will have a very efficient technique of marking out match repairing," states George Oborne, who runs a mock [sports betting](https://twoplustwoequal.com/read-blog/58999_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) website, India Bet.
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But many likewise think, that the taxes levied on the bettor and the bookmaker will have to be affordable to make it attractive enough for them to gamble lawfully.
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However, there are restrictions.
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"Definitely there will be unlawful wagering since (some) individuals wouldn't want to leave an audit path by entering the white market," states Mr Oborne.
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He adds that people who utilize unaccounted cash to position big bets will never ever gamble lawfully.
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Approval concern
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For [sports betting](https://worldsports.pro/read-blog/220_things-you-need-to-know-about-rafting-adventures.html) to be legalised, parliamentary approval will be needed to develop a new law, and politically this will be a tough concept to sell.
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"Despite the fact that many individuals are involved in some sort of gaming - it's still a controversial concern for numerous," states our unnamed punter.
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And considered that India has a federal structural - each state will have to likewise pass a different law to legalise [sports betting](https://social.myschoolfriend.ng/read-blog/40777_the-ins-and-outs-of-betting-on-the-nfl-draft.html) gambling in their territory.
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"The process is so long and tricky that it will take years," states Mr Ranina."That's why, we are cynical about this ending up being a reality anytime soon."
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Yet with the idea having actually been backed by a main panel for the first time, at least a dispute has actually sparked around a subject - which until now was thought about a taboo.
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