The Law Commission has called for sports betting and gambling to overall be legalised and heavily regulated. Among other things, the Commission has also recommended that sports betting and gambling should be cashless so that problems like tax evasion can be kept in check. The report was prepared in response to a directive from the Supreme Court. The report reasoned that legalising these activities would bring about more transparency in the betting market, per Live Law. It would also loosen the grip of organized criminals on the industry since legitimate entities can start these operations too. This has potentially huge consequences for online gambling and betting since future legislation formed on the basis of the Law Commission's report could give these players more certainty. Read the Law Commission's report Law body's recommendations Below are some of the Law Commission's recommendations. — Parliament should pass a model law for states to follow for gambling. — Skill-based gambling (like horse-racing) should be exempt from rules, and operators for these games must ensure player safety. — Gambling operations must only be provided by licensed operators, and participants should have a transaction cap on them and link their Aadhaar or PAN with the licensed operators. — "Small" gambling and "proper" gambling should be two separate tiers, where only high-income individuals can partake in the latter. The stakes must be low in the "small" gambling category. — People below the age of 18 and below the poverty line should not be permitted to gamble, so…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...