Art/Culture/LiteratureBusinessIndiaLifestylePolitics

Recommendation of discounting betting in cricket

If the recommendations of the Law Commission were considered, betting can get legal recognition in sports like cricket in India. The Law Commission on last Thursday said in its recommendation that the government should allow gambling and betting in sports and regulations should be regulated by making laws. This will help in bringing FDI in the casino and gambling industry, as the government’s earnings will be increased by taxation on this.

The Law Commission has said that Parliament should make a model law using the rights given under Article 249 or 252, which the State Governments can apply here. 

Giving legal recognition to betting should be allowed to bet on those who have base cards and PAN links. There should be provision of cashless betting to overcome the fears of black money and  making money by money laundering. The Commission believes that the benefits from the foreign investment in the gambling industry will also benefit states.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button