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Online Betting To Be Legalised

By Vincero | 06-Jul-2018

Law commission has recommended legalizing of sports betting including Cricket

https://www.news18.com/news/india/law-commission-gives-green-signal-to-betting-and-gambling-says-ban-counter-productive-1802183.html?ref=hp_top_pos_1

Lets see what unfolds from here,it's still along way
First Cabinet has to approve, then both houses should pass the bill with simple majority

Opposition will not let it sail thru easily

Lastly if all goes thru what would be fate if Indian Racing

What I understand is that Gov is not keen to allow any concession under current club system arrangement

Let's wait and watch

Post Your reply

9 Replies

Manish said ...

07-Jul-2018
@SFP

Who seeks total ban on illegal betting? If its the ministry, then its laughable, because betting is illegal due to the reason that it is banned. So how can a government ban which is already illegal??

Vincero said ...

07-Jul-2018
One statement from Congress spokesperson abd Gov chickens out

Now saying they were actually recommending total ban on betting :-)

They also want regulation in existing betting sports like Horse Racing

Someone aptly said India-Thy name is chaos

Stop Fooling Punter said ...

07-Jul-2018
Please see clarification by the law ministry.

it seeks total ban on illegal betting [read cricket].It says never rec.but only consider the option

As stated by me it was Delta corp,who floated the idea. Monday sell their shares on opening


S C Sharma said ...

07-Jul-2018
Mad Max, I just quoted hon'ble Supreme court's comments about horse racing while delivering the judgement. I am not mixing any thing. As far as bookmakers in the ring arelpppppp concerned everybody knows what they are doing to evade taxes. Illegal things they are doing in legal way and despite knowledge race clubs are not taking any action. Every one also knows what for punters going to race course? For gambling or entertainment? Betting on horses is legally allowed but how everybody is doing betting that also a well known fact.If online betting is allowed and legalized it will benefit and convenient to all. I respect your comments, analysis and viewsl. God bless you.

Praveens said ...

06-Jul-2018
It is only a suggestion I don't think Govt will legalise gambling.

Instead of five slabs in GST Govt is planning to reduce it to 3/4 slabs only. If that happens GST on racing will be brought under 20% this news is more important for me.

Mad Max said ...

06-Jul-2018
MR S C Sharma

What is happening at the turf is SPORTS, the skill aspect mentioned by the Apex Court is put in by the Trainers and Jockeys. And what is happening at the RINGS is simply GAMBLING, including that of bookmakers skill, So dont mix both.

Dilipabd said ...

06-Jul-2018
Can any one tell when it will start
Online betting still one year or still late

Stop Fooling Punter said ...

06-Jul-2018
it is just a pipe dream floated by Delta [shares went up 3% today]


It is election year and the ruling party will not give ammo to the opposition

S C Sharma said ...

06-Jul-2018
Sir, Two three years back Lodha committee also submitted its detailed report in Supreme Court covering the legalization of betting in sports aspect. The Lodha committee was looking at that time mainly about illegal bettings in India particularly about betting in cricket matches. But later recommended in general also for legalization of betting in all sports. Horse racing was earlier in gambling act but after a ban in Chennai a case was fought in Supreme Court and finally hon'ble court removed horse racing from gambling act and put under sports category and also mentioned as racing is a game of intelligence. Now clearance from law commission for online betting is really a good news. Hope all concerned State Governments and Govt. at central will clear this proposal. If really it is allowed on line than more transperancy will be there and govts tax revenue collection will increase manifold. Online betting should be allowed for all sports.