From f91c13b28c1485f89d9896d149b3c051184cb64a Mon Sep 17 00:00:00 2001 From: harlanfisher3 Date: Thu, 19 Dec 2024 22:32:28 +0000 Subject: [PATCH] Add For Sports Gambling to Be Legalised --- For-Sports-Gambling-to-Be-Legalised.md | 47 ++++++++++++++++++++++++++ 1 file changed, 47 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..6612d03 --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,47 @@ +
Howzat? The clamour to legalise [sports betting](http://www.seferpanim.com/read-blog/364_how-much-are-americans-spending-on-sports-betting.html) in India
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Published
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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 requiring 17 runs to win against Australia.
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In his two-bedroom home located in central Mumbai, a middle-aged man is enjoying the game, nervously. He's sitting on the edge of his grey colour sofa with his cellphone glued to his right-hand man.
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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 modifying his bet.
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Five minutes previously his cash was on Australia, and now as the Indian batsman prepares yourself to deal with the last over he's changed his mind.
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"I think India is winning, make the modification," he tells his bookmaker on the phone.
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And a few minutes later on his prediction comes to life, as India wins the match in a nail-biting surface.
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"I have made $200 today," he states with a childlike glee.
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For more than three decades he's been [sports betting](https://kiigasofthub.com/read-blog/10113_how-much-are-americans-investing-in-sports-betting.html) on cricket matches. We can't reveal his name as what he's doing is unlawful in India.
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Besides horse racing, [sports betting](https://miderde.de/index.php?title=Benutzer:ElmoHuonDeKermad) wagering of any kind is not enabled in India. Despite that, prohibited [sports betting](https://pumasunamfansclub.com/read-blog/7184_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html) distributes flourish in the nation.
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'Black money'
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According to the Doha-based International Centre for [sports betting](https://asromafansclub.com/read-blog/15776_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) Security, India's illegal [sports betting](https://oolibuzz.com/read-blog/41625_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market is worth some $150bn a year. And much of that gambling cash is directed towards cricket.
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Without any legal avenue, punters put bets utilizing their phones by making calls to bookies. [Gamblers](https://sahabatcasn.com/read-blog/75_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) can bank on anything related to the cricket match, from who is winning to the greatest specific run scorer.
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Most of these deals include so-called "black cash", which is cash not [declared](https://we2chat.net/read-blog/26289_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) to the taxman.
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The 1867 Public Gambling Act bars any type of gambling in India, but unlike in the US which has a law restricting web gambling, there is absolutely nothing comparable here.
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And overseas [sports betting](https://a2zstreamsnow.com/read-blog/2587_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) business are using this loophole to lure Indians. Even though there are no online [sports betting](https://social.stssconstruction.com/read-blog/20911_compare-amp-review-oddsjet-de.html) operators based out of India, a lot individuals have registered accounts with offshore firms.
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"Legally you can get away [with this], as the law is unclear for online gambling," says Mumbai- based lawyer HP Ranina.
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But in spite of this, it is "offline gambling", done through telephone call which [dominate](https://messengerkivu.com/read-blog/2362_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) the market.
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Require legalisation
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The clamour to legalise [sports betting](https://social.japrime.id/read-blog/23438_online-betting-firms-gamble-on-soccer-mad-nigeria.html) in cricket has grown after a panel designated by India's Supreme Court proposed the idea, saying it would help clamp down on corruption in the country's favourite sport.
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The Justice RM Lodha Commission was established to recommend modifications in the performance of India's cricket regulative body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League wagering scandal emerged.
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Two franchises have been banned for two years after some gamers and group officials were condemned of fixing parts of the match at the request of bookies.
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The panel likewise argues that legalised wagering will generate tax earnings for the exchequer that might total up to $2bn a year.
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Even bettors feel that legalising [sports betting](https://wavedream.wiki/index.php/User:GARKazuko931453) is a move in the right instructions.
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"I don't mind paying some money out my earnings, as long as I can gamble publicly," says our cricket bettor.
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It would also open a huge organization opportunity for licensed bookies and international online wagering business to establish operations in India.
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And it would help limit match repairing in [cricket](https://bytes-the-dust.com/index.php/User:SabrinaOvens) and other [sports betting](https://linkpiz.com/vn/13878/exploring-sports-betting-industry-putting-ideas-practice), argue many, by assisting make transactions associated with [sports betting](https://nuo18.lt/read-blog/68759_begin-winning-with-pcg-college-football-picks.html) more transparent.
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"If you work alongside [sports betting](https://social.engagepure.com/read-blog/806_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) companies, you will have an extremely reliable technique of stamping out match repairing," states George Oborne, who runs a mock [sports betting](https://letustalk.co.in/read-blog/11508_just-how-much-are-americans-investing-in-sports-betting.html) site, India Bet.
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But [numerous](http://archmageriseswiki.com/index.php/User:LonaCavill8) likewise believe, 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 .
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"Definitely there will be unlawful wagering because (some) individuals would not wish to leave an audit path by entering the white market," states Mr Oborne.
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He includes that individuals who use unaccounted cash to put big bets will never ever gamble lawfully.
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Approval question
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For [sports betting](https://oeclub.org/index.php/User:TracyI3977241489) to be legalised, parliamentary approval will be needed to create a new law, and politically this will be a difficult concept to sell.
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"Despite the fact that many individuals are included in some sort of [sports betting](https://moonifie.com/read-blog/1407_just-how-much-are-americans-investing-in-sports-betting.html) - it's still a questionable issue for lots of," says our unnamed punter.
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And offered that India has a federal structural - each state will need to also pass a separate law to legalise [sports betting](https://adverts-socials.com/read-blog/1573_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) in their area.
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"The process is so long and difficult that it will take years," states Mr Ranina."That's why, we are cynical about this coming true anytime quickly."
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Yet with the concept having been backed by a main panel for the first time, a minimum of a debate has ignited around a topic - which previously was considered a taboo.
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