There are several local online cricket betting sites in India, but only horse racing is legal. It is a large unregulated market, full of irresponsible gambling and fraudulent activities. Since cricket betting is so popular, we think it is time to regulate it in India. The reasons for this are explained in this article.
The Prevailing Indian Gambling Environment
The Public Betting Act of 1877 is the main reference law used by bettors and operators, with the 1996 amendments. It states that
- Prohibits participation in any gambling or betting activity
- the operation of Indian-registered casinos is prohibited
- It is illegal to visit a casino
- Betting on skill games is legal.
In the 1980s, the Internet did not exist, which made the legal aspects of online cricket betting ambiguous. Additionally, the Indian government had not passed any laws regarding online gambling, so online cricket betting was acceptable. Many online casinos registered on the Indian coast have taken advantage of this by allowing players to place bets without fear of being sued.
How did the law change in 1996?
In 1996, the Supreme Court made some changes to horse racing betting. Since it was based on skill, it has become legal. Some people believe that online cricket betting should also be upgraded. This is because cricket is a game of skills that requires different skills. This is because it depends on the player’s personal skills. If horse racing is legal for this reason, then it is fair for cricket to have the same pass.
Why should online gambling in India be regulated?
According to a report by the FICCI, 2012, underground betting was estimated to be worth around Rs. 300,000 crores. This is almost the same as India’s defense budget. Currently, in 2018, it is valued at $130 billion on the black market. As it is still illegal, this shows that sports betting is a well-known secret, although there is not much involvement in terms of regulation.
Legalization will facilitate and enable a tracking system that will allow the relevant authorities to understand the source of funds and monitor gambling on local-betting sites in India. The regulatory framework will help by penalizing illegal operators and reducing fraud that negatively affects the reputation of Indian sports.
The legalization of sports betting through local gaming sites in India brings many benefits, including revenue that could boost the Indian economy. Additionally, the government will be able to provide protection to players against money loss and irresponsible gambling.
How is match fixing affected?
In 2013, there was a major match-fixing scandal in India involving three Indian cricketers. It involved an Indian Premier League match. The culprits were banned from playing cricket and arrested. Unfortunately, this is the main argument against regulating online cricket betting through all the misconduct and match-fixing. Legalization will help prevent such acts that tarnish the reputation of sports betting.
Once you consider the pros and cons, it is easy to see that the pros outweigh the cons. Legalization will reduce black market betting and the like. Horse racing and online cricket betting being a game of skill, this is expected to pave the way for legalization soon.