Gambling ban of over 150 years in India is going to be lifted soon
Enormous changes and growth of online casino industry can be seen during the last few years.
For example, in many countries the industry has been legalized and accepted.
India is starting procedure of changing their legislation with the aim to legalize online gambling
Gambling and betting in India is going to be legalized according to a recommendation submitted by state Law Commission. As it was stated there is a rise of illegal gambling in the country. To regain control and regulate the market India is going to legalize gambling. This will also generate a massive revenue for the state budget. Gamblers will face less stress when it is legal and permitted by law.
Gambling has been banned in India since colonial times. According to the Public Gambling Act of 1867 it was forbidden players to perform gambling activities within India. And the law was extremely strict. The Information Technology Act 2000 bans all activities that are seen as corruptible towards people. Under this act players face penalties of 5 years imprisonment or a fine of 100,000 rupees.
Now only Goa, Daman and Sikkim states allow casinos.
In the attempt to stop illegal gambling activities and to prevent problem gambling by citizens Indian Law Commission added several suggestions on how to legalize gambling.
The first suggestion was to link all gambling transactions made by players to their card of identity. This will show the number of gamblers and from the other hand prevent money laundering and fraud. The government would have full control over the market. It could prevent players from developing gambling addictions too.
The other suggestion was to create two gambling groups called Small Gambling and Proper Gambling. The group of Small Gambling would be for people with little income who could bet little amounts of money. The group of Proper Gambling would be for players with higher income.
With the excitement from the idea to legalize gambling in India, there are people who are pessimist thinking that the economic status of the country would not support the legalization of online gambling. Other think that lifting the 150+ year ban would only ensure that players are driven to bigger poverty.
After legalizing online gambling in India it will be interesting to see what will be the final result from this capital change in the legislation.