From 0402dee2384b4516a65271977cc017e80b8dd90e Mon Sep 17 00:00:00 2001 From: guillermorunio Date: Thu, 2 Jan 2025 10:26:56 +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..866b58a --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,41 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Howzat? The clamour to legalise [sports betting](https://infosocial.top/read-blog/4022_how-to-play-bet9ja-online.html) wagering in India
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5 February 2016
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By Sameer Hashmi
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Mumbai Business press reporter
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It is the last over of the cricket match, with [India requiring](https://bexopro.com/read-blog/2886_sport-betting-industry-seeks-to-protect-itself.html) 17 runs to win against Australia.
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In his two-bedroom house located in main Mumbai, a middle-aged man is watching the video game, nervously. He's resting on the edge of his grey colour sofa with his cellphone glued to his best hand.
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He has made more than 10 hire the last 30 minutes - not to talk about the match but to keep revising his bet.
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Five minutes earlier his money was on Australia, today as the Indian batsman prepares yourself to deal with the last over he's altered his mind.
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"I believe India is winning, make the change," he informs his bookie on the phone.
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And a couple of minutes later his prediction comes to life, as India wins the match in a nail-biting finish.
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"I have actually made $200 today," he says with a childlike glee.
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For more than three years he's been wagering on [cricket matches](https://wiki.ragnaworld.net/index.php?title=User:DyanBou493663). 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://socialsmerch.com/read-blog/10502_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering of any kind is not allowed India. Despite that, unlawful wagering syndicates prosper in the country.
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'Black money'
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According to the Doha-based International Centre for [sports betting](https://cittaviva.net/read-blog/25196_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) Security, India's unlawful [sports betting](https://wiki.whenparked.com/User:BlondellSanto) wagering market is worth some $150bn a year. And much of that [sports betting](https://www.proathletediscuss.com/read-blog/409_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) money is directed towards cricket.
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With no legal avenue, punters position bets using their phones by making calls to bookies. Gamblers can bet 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 money", which is money not stated to the taxman.
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The 1867 Public Gambling Act bars any kind of gambling in India, but unlike in the US which has a law prohibiting internet [sports betting](https://afrocinema.org/read-blog/42496_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html), there is nothing similar here.
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And overseas wagering business are using this loophole to entice Indians. Despite the fact that there are no online [sports betting](http://milkywaystars.site/read-blog/3045_online-betting-firms-gamble-on-soccer-mad-nigeria.html) 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 ambiguous for online [sports betting](https://infosocial.top/read-blog/4028_the-ins-and-outs-of-betting-on-the-nfl-draft.html)," says Mumbai- based legal representative HP Ranina.
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But in spite of this, it is "offline [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:KermitSallee683)", done through call which dominate the market.
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Require legalisation
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The clamour to legalise wagering in cricket has grown after a panel appointed by India's Supreme Court proposed the idea, saying it would assist clamp down on corruption in the country's favourite sport.
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The Justice RM Lodha Commission was set up to recommend modifications in the functioning of India's cricket [regulative](https://theavtar.in/read-blog/30192_online-betting-firms-gamble-on-soccer-mad-nigeria.html) body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:RamonitaCheesman) scandal emerged.
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Two franchises have been banned for 2 years after some gamers and team authorities were [condemned](https://www.jaitun.com/read-blog/15179_the-ins-and-outs-of-betting-on-the-nfl-draft.html) of fixing parts of the match at the request of bookmakers.
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The panel also argues that legalised wagering will generate tax earnings for the exchequer that could amount to $2bn a year.
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Even bettors feel that legalising [sports betting](https://philadelphiaflyersclub.com/read-blog/8441_sport-betting-industry-looks-to-protect-itself.html) is a relocation in the right instructions.
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"I don't mind paying some money out my revenues, as long as I can gamble publicly," states our [cricket bettor](https://wo.linyway.com/read-blog/1745_things-you-need-to-learn-about-rafting-adventures.html).
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It would also open a substantial business chance for certified bookies and international online wagering companies to establish operations in India.
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And it would help restrict match repairing in cricket and other [sports betting](https://chatkc.com/read-blog/448_exploring-the-sports-betting-industry-putting-ideas-into-practice.html), argue lots of, by helping make deals associated with gambling more transparent.
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"If you work together with [sports betting](https://infosocial.top/read-blog/4022_how-to-play-bet9ja-online.html) companies, you will have a really efficient approach of stamping out match repairing," states George Oborne, who runs a mock wagering website, India Bet.
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But lots of also think, that the taxes imposed on the gambler and the bookie will have to be reasonable to make it appealing enough for them to gamble lawfully.
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However, there are restrictions.
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"Definitely there will be illegal wagering because (some) people would not wish to leave an audit path 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 bet lawfully.
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Approval concern
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For [sports betting](https://demo.wowonderstudio.com/read-blog/2497_how-to-play-bet9ja-online.html) to be legalised, parliamentary approval will be required to create a new law, and politically this will be a hard idea to offer.
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"Although lots of people are involved in some sort of gambling - it's still a controversial concern for many," says our unnamed punter.
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And considered that India has a [federal structural](https://lets.chchat.me/read-blog/1968_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) - each state will need to also pass a separate law to legalise [sports betting](https://social.ishare.la/read-blog/1413_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.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 cynical about this ending up being a truth anytime quickly."
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Yet with the concept having been backed by an official panel for the first time, at least a dispute has fired up around a which previously was considered a taboo.
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