Gambling Laws in India - Legality and Regulations
Legitimacy and regulations entailing gambling laws in India
Gambling Laws India come under the ambit of Public Gambling Act 1867 which was enacted before independence and governed gambling and betting activities in India. It was adapted post adoption of the constitution in India. The Seventh Schedule, List II (State List) of the constitution empowers the state governments to create laws pertaining to gambling and betting activities. Under Entry 62 of the State List, it also has the authority to create specialized taxation laws on betting and gambling.
Some of the state laws Enacted with the purview of dealing with gambling and betting activities are Bombay Prevention of Gambling Act, 1887,West Bengal Gambling and Prize Competition Act, 1957, Punjab Public Gambling Act, 1961, Kerala Gambling Act, 1960, Goa, Daman and Diu Public Gambling Act, 1976 etc. States of Goa and Sikkim have legalized gambling and betting while most of the other states prohibit gambling and betting (with exceptions such as horse racing, some card games etc.).
Gaming law firm India estimate the value of regulated and unregulated gaming, at around US$60 billion. The gaming industry in India can be classified into:
· Sports betting
· Games of skill
· Lotteries
· Horse racing
· Prize competitions
· Games of chance
Irrespective of the revenue generated and popularity of gambling and betting industry in India, Gambling Laws India is ignorant towards the gaming industry. With a few exceptions such as The Goa, Daman and Diu Public Gambling Act, 1976., which allows gambling at five-star hotels in Goa after obtaining approval and authorization of the state Government besides paying specific recurring fee.
Ironically no law in India, directly prohibits betting activities. Any server outside the Indian territory can be used for betting and is unregulated and ambiguously governed by cyber laws, internet intermediary compliances, cyber law under the Information Technology Act, 2000.
Technological
growth has made the sector even more vulnerable, whose loopholes have been exploited
by many. Despite little scrutinization, culprits are treated as criminal offenders.
One of the Gaming law firm India providing legal remediation is KRIDA LEGAL.
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