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Betting Legalization (Why legalise? (losers (more crimes), total ban (=…
Betting Legalization
Why legalise?
corrupt practices
losers
more crimes
total ban
= black market
black money
illegal gambling
legalised market
easy to monitor
Aus, UK
allowed
employment generation
consumers
entertainment
regulated
controlled
Tax revenue
LC recommendations
Parliament
enact law
only by licensed operators
classify gambling
proper
small
transactions
cashless
gambling income
taxable
Way forward
reforming
existing gambling
regulating
illegal gambling
Why in News?
Law commission
legalise betting
to attract
investments
through
regulation
to tax
gambling income