India Moves To Legalize Sports Betting

Published Monday, July 17, 2017 - Online-Casinos.com
India Moves To Legalize Sports Betting

India holds huge potential for the internet sports betting industry but the law there has not been in favour of the practice. The law currently states that all gambling except for horse racing is illegal in the jurisdiction.

A recent publication of a white paper was handed to the Law Commission of India by the All India Gaming Federation that suggests the government should legalize betting on sports both online and off.  The report points to the land based aspect of sport betting and proposes that the individual states in India be responsible for those activities. But because online gambling “is so fluid, it makes sense to have a central law.” The All India Gaming Federation would like to see a National Gaming Council established that would include sports federations, the judiciary and investigative organizations.

The Law Commission of India was told by India’s Supreme Court to look into the issues that concern legalizing sports betting and for the LCI to ask for the public’s input in the idea of legalizing gambling in India. Retired Justice Balbir Singh Chauhan, and LCI chairperson told local news that it was “considering the industry’s demands.”

Efforts to change the law are slow to be accepted with the Sports Ministry indicating it had “begun the groundwork” for new online sports gambling regulations. This process is expected to take as long as two years said one official. Sports Secretary Injeti Srinivas is said to be looking for a Memorandum of Understanding with the U.K.’s gambling commission to formalize the online sports betting discussions.

The incidents of match fixing are many in India’s sporting events and those who want legalized betting on sports are saying it will curb the corruption and bring much needed revenues to the government.

The European Sports Security Organization also sent the LCI a filing indicating there is a good argument for legalized betting because “a continuation of the status quo is clearly not advantageous.”

 

 

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