Legality of gambling in india

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[20] Law Commission of India, “276th Report on Legal Framework : Gambling and Sports Betting including in Cricket in India” (July, 2018)

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Δdocument.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() ); [23] Vainavi Mahendra, “Why Madras HC Verdict Against Betting Games is a Game Changer” The Financial Express available at: https://www.financialexpress.com/brandwagon/why-madras-hcs-verdict-against-betting-games-is-a-game-changer/2307428/ (last visited on August 18, 2021). When the mode of money related games is changed from offline to online, the risk of money related fraud becomes obvious and thus a proper legal framework regulating gaming platforms is need to safeguard the players from potential risk. Unethical practices by the gaming service providers in the absence of a well formed framework puts the interest of the consumers at risk. There is no legal clarity and rules if the players do not receive their reward after winning a game. If a particular state puts up a blanket ban on online gaming involving stakes, it cannot be guaranteed that the vast nature of online gaming will come to a stop. It would probably lead to an unregulated game market for the same and the income that would be generated from it would go unaccounted thus creating an underground parallel economy and increased circulation of black money.[17] The Federation of Indian Chambers of Commerce and Industry believes the online gaming sector to reach Rs 187 Billion by 2022 and thus by proper regulation, the government can expect to gain a sizable amount of revenue from the sector.[18] Reading time : 6 minutes

[16] Anne Veerpallu, “Functional Equivalence: An Exploration Through Shortcomings to Solutions” 12 Baltic Journal of Law & Politics 134 (2019) [21] UK Gambling Act 2005

[5] Advertising Standard Council of India, “GUIDELINES ON ONLINE GAMING ISSUED BY ADVERTISING STANDARDS COUNCIL OF INDIA(ASCI) 24.11.2020 (EFFECTIVE FROM 15TH DECEMBER, 2020) available at: https://mib.gov.in/sites/default/files/Advisory.pdf (last visited on 18 August, 2021). [18] “FICCI: Online gaming sector expected to reach Rs 187 billion by 2022 at a CAGR of 43 per cent “Animation Express March 28, 2020 You are commenting using your Facebook account. ( Log Out / Change )

Notify me of new comments via email. The Law Commission of India, under the direction of the Supreme Court[19], released a report emphasizing on the legalization of gambling in India as it impossible to monitor when it is easily available in the online format. It recommends that the gaming operators should be licensed and the players as well as the operators should be identified whenever a payment is to be made. It also suggests to put limits on expenditure by a player depending upon the winning percentage and income status of the player. The money transactions are recommended to be cashless so that it helps to keep them under check and regulated by imposing taxes. [20] The United Kingdom set up a Gambling Commission for regulating all forms of online betting, casino gaming, poker, lottery gaming and bingo[21]. This results in the promotion of safe gambling practices for its citizens by licensed hosts. The primary objectives that were put forth by the Gambling Act stressed upon disassociating gambling as a crime, fair practice and preventing the vulnerable from the misuse of gambling and the commission also prepared a White list enlisting countries which they believe to have appropriate regulations in place for online gaming and thus allows for collaboration with them. You are commenting using your Google account. ( Log Out / Change ) [17] Sakshi Anand, “INTERNET GAMBLING IN INDIA: REGULATION OR PROHIBITION?” 4 Journal on Contemporary Issues of Law 173 (2018) [7] AIR 1996 SC 1153

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