Paradoxical sports betting laws in India

Justice Mukul Mudgal, the head of a three-member probe commission which was appointed by the Supreme Court of India to investigate the current state and future of sports betting in the country, feels that India’s laws regarding sports betting is paradoxical and that it should be regulated with the utmost urgency.

Mudgal said in a statement addressing a conference at FICCI, that the law proves to be paradoxical in that it would allow to place bets on the skill of horses and jockeys, but it would not allow to place bets on players like Sachin Tendulkar or a Sardar Singh.

He also mentioned that India stood to benefit greatly from sports-betting taxes if only the activity would be made legal: “Betting market is staggering in India. The amount of revenue that the government can earn by making it taxable can go a long away in helping to erase the current fiscal deficit”.

Recent Posts and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

1 day ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

4 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

3 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

4 weeks ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago