Posted by: Vivek Kumar
Gambling and Sports Betting in India | Legalised after Regulation
On Thursday the Law Commission of India, has recommended legalisation of regulated gambling and sports betting. As gambling and sports betting in India is heavily restricted except for selective categories including lotteries and horse racing. Despite the existing prohibitive legislations, there is extensive illegal gambling and sports betting throughout the country.
Since it is not possible to completely prevent illegal gambling and sports betting in India, the commission has recommended to effectively regulate it. As per them legalising sports betting and gambling in India remains only the viable option. The regulated gambling and sports betting would ensure detection of fraud and money laundering.
Gambling and Sports Betting in India under Stringent Control
The law commission of India has ensured to seek stringent control over gambling and sports betting. They also ensured that all betting and gambling transactions should be linked to the operator’s as well as the participant’s/player’s Aadhaar Card/PAN Card which will protect the public from ill-effects.
Recommendations for Gambling and Sports Betting in India
- Exempting Skills Games from Prohibition
Both legislature and judiciary has exempted horse riding and others games which are considered as game of skills.
- Responsibility of operators
Operators have to take responsibility and protection of players who are betting in sports.
- Indian Licensed Operators for Gambling and Betting in sports
Gambling and betting in sports should only be offered only by Indian licensed operators which would be granted by the game licensing authority.
There must be limit on number of transactions a player/participant can indulge in sports betting and gambling in specific period of time, i.e., monthly, half-yearly or yearly.
- All transactions to be linked to Aadhaar Card/ PAN Card.
They also ensured that all betting and gambling transactions should be linked to the operator’s as well as the participant’s/player’s Aadhaar Card/PAN Card which will protect the public from ill-effects. They also ensure that all transactions made between and among operators and players/participants should mandatorily be made ‘cashless’.