Gambling, Betting and Fantasy Sports – Are they Legal inward India?
Hey Everybody! inward this video, we will discuss about legality of Gambling and Fantasy sports inward India which has been inward debate ever since.
Now whether a game is gambling or not depends on whether it involves a game of skill or a game of chance. While the game of skill is permitted, inward our country game of chance is prohibited. Over the years there has been a steady growth of Fantasy Sports inward India and many think that it is better to legalize it on which authorities can impose taxes and earn revenue for the economic system’s growth.
It is seen that inward some countries it is considered taboo, while others think it is better to regulate it with proper laws. inward India Gambling is a state subject which means that different states can create their own gambling laws and the decision to legalize it depends solely on the states. Online betting is yet another number since it is self-regulated. inward the year 2018, the Law Commission of India had also issued a statement regarding gambling and said that online sports betting and gambling should be legalized inward our country.
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