From 1be9d777c487fd5203dd8ce10290dd17e4a3909f Mon Sep 17 00:00:00 2001 From: melisaperkins Date: Mon, 30 Dec 2024 22:37:34 +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..31108e6 --- /dev/null +++ b/For-Sports-Gambling-to-Be-Legalised.md @@ -0,0 +1,47 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Howzat? The clamour to legalise [sports betting](https://noaisocial.pro/read-blog/2360_how-much-are-americans-spending-on-sports-betting.html) in India
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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 needing 17 runs to win versus Australia.
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In his two-bedroom home located in central Mumbai, a middle-aged man is seeing the video game, nervously. He's resting on the edge of his [grey colour](https://www.amedaychats.com/read-blog/780_sport-betting-industry-looks-to-protect-itself.html) couch with his mobile phone glued to his right-hand man.
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He has made more than 10 contact the last thirty minutes - not to go over the match but to keep revising his bet.
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Five minutes previously his cash was on Australia, today as the Indian batsman gets prepared to deal with the last over he's altered his mind.
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"I think India is winning, make the change," he tells his bookmaker on the phone.
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And a couple of minutes later on his forecast becomes a reality, as India wins the match in a nail-biting surface.
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"I have actually made $200 today," he states with a [childlike](https://islider.ru/read-blog/37912_online-betting-firms-gamble-on-soccer-mad-nigeria.html) glee.
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For more than 3 decades he's been [sports betting](https://droidt99.com/read-blog/6997_how-to-play-bet9ja-online.html) on cricket matches. We can't expose his name as what he's doing is unlawful in India.
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Other than horse racing, [sports betting](https://wooshbit.com/read-blog/18737_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) of any kind is not allowed India. Despite that, illegal wagering syndicates grow in the country.
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'Black cash'
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According to the Doha-based International Centre for [sports betting](https://vybz.live/read-blog/2381_how-to-play-bet9ja-online.html) Security, India's illegal [sports betting](https://demo.shoudyhosting.com/qtoa/?qa=86959/sports-minister-tracey-crouch-resigns-delay-betting-crackdown) market deserves some $150bn a year. And much of that [sports betting](https://miderde.de/index.php?title=Benutzer:Junior83E61) cash is directed towards [cricket](https://wow.twinear.com/read-blog/1001_how-are-betting-odds-calculated.html).
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Without any legal avenue, punters position bets utilizing their phones by making calls to bookies. Gamblers can bet on anything associated to the cricket match, from who is [winning](https://www.proathletediscuss.com/read-blog/431_things-you-need-to-learn-about-rafting-adventures.html) to the greatest individual run scorer.
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Most of these transactions include so-called "black money", which is cash not stated to the taxman.
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The 1867 Public Gambling Act bars any kind of [sports betting](https://customerscomm.com/read-blog/3721_missouri-sports-betting-ballot-measure-approved-by-voters.html) in India, however unlike in the US which has a law restricting internet gaming, there is absolutely nothing comparable here.
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And offshore [sports betting](https://wiki.rrtn.org/wiki/index.php/User:BillyYap353808) business are utilizing this loophole to draw Indians. Even though there are no online wagering operators based out of India, a lot people have registered accounts with overseas firms.
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"Legally you can get away [with this], as the law is uncertain for online [sports betting](https://islider.ru/read-blog/39126_exploring-the-sports-betting-industry-putting-ideas-into-practice.html)," states Mumbai- based legal representative HP Ranina.
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But in spite of this, it is "offline [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:BartFurr7558266)", done through call which dominate the marketplace.
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Calls for legalisation
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The clamour to legalise [sports betting](https://flowsocial.xyz/read-blog/570_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) in cricket has grown after a panel selected by India's Supreme Court proposed the concept, saying it would help secure down on corruption in the nation's preferred sport.
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The Justice RM Lodha Commission was [established](https://social.vetmil.com.br/read-blog/15121_how-to-play-bet9ja-online.html) to [recommend](https://gayplatform.de/read-blog/3547_the-ins-and-outs-of-betting-on-the-nfl-draft.html) changes in the functioning of India's cricket regulatory body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League [sports betting](https://skylockr.app/read-blog/209_the-ins-and-outs-of-betting-on-the-nfl-draft.html) scandal came to light.
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Two franchises have actually been banned for 2 years after some players and group officials were found guilty of fixing parts of the match at the behest of bookmakers.
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The panel also argues that legalised wagering will generate tax incomes for the exchequer that could total up to $2bn a year.
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Even bettors feel that [legalising](https://tartar.app/read-blog/1730_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) [sports betting](https://tartar.app/read-blog/1730_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) is a relocation in the right direction.
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"I do not mind paying some cash out my earnings, as long as I can gamble openly," says our cricket bettor.
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It would likewise open a big business chance for certified bookmakers and worldwide online [sports betting](https://cozwo.com/read-blog/8465_just-how-much-are-americans-investing-in-sports-betting.html) companies to set up operations in India.
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And it would assist limit match repairing in cricket and other [sports betting](https://social.instinxtreme.com/read-blog/13950_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html), argue numerous, by assisting make deals included in gambling more transparent.
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"If you work together with [sports betting](https://peoplesmedia.co/read-blog/12914_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) business, you will have a very efficient method of marking out match fixing," says George Oborne, who runs a website, India Bet.
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But numerous also believe, that the taxes imposed on the gambler and the bookmaker will need to be reasonable to make it attractive enough for them to gamble legally.
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However, there are constraints.
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"Definitely there will be unlawful [sports betting](https://namesdev.com/read-blog/15205_things-you-need-to-know-about-rafting-adventures.html) because (some) people wouldn't want to leave an audit path by going into the white market," says Mr Oborne.
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He includes that individuals who use unaccounted money to position huge bets will never ever gamble legally.
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Approval question
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For [sports betting](https://www.eruptz.com/read-blog/17285_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gambling to be legalised, parliamentary approval will be required to create a brand-new law, and politically this will be a hard concept to sell.
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"Despite the fact that many people are included in some sort of gambling - it's still a controversial issue for numerous," states our [unnamed punter](https://woodsrunners.com/index.php/User:CathrynL43).
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And considered that India has a federal structural - each state will have to also pass a different law to legalise [sports betting](https://globalairgunner.com/read-blog/20090_for-sports-gambling-to-be-legalised.html) in their area.
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"The procedure is so long and difficult that it will take years," says Mr Ranina."That's why, we are cynical about this coming true anytime quickly."
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Yet with the concept having actually been backed by a [main panel](https://blablasell.com/read-blog/12005_the-ins-and-outs-of-betting-on-the-nfl-draft.html) for the first time, a minimum of a debate has ignited around a topic - which previously was considered a taboo.
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