LEGALIZATION OF SPORTS BETTING IN INDIA
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Abstract
The Sports betting industry has grown rapidly over the past few decades and is a market, worth millions. Betting in sports is illegal in India under the existing legislative framework. The Public Gambling Act,1867 is the paramount legislation that heavily restricts gambling excluding selective categories. It is paradoxical in nature as it sanctions gambling in horse racing but impedes the same in other sports. Since it is a colonial legislation it is ignorant about online betting as well. The current framework fails to elucidate an issue that is alarmingly ascending. Betting in sports is bound to exist and legalization of gambling seems like the solitary solution to this prodigious problem. Various committees such as the Mudgal Committee and Lodha committee have laid down a strong stance for the legalization of betting in sports. Regulating betting in sports will provide financial gains to the government, assist in providing employment and will also reduce the menace posed the black markets.
The law was based on the premise that it is a game determined entirely or in part by lot or mere luck but gambling in sport involves application of skill and knowledge by the individuals involved in the activity. The research paper deals with a significant contemporary issue which is appalling in nature and strives to propose a solution to the same. Through the course of this research paper, the authors will be assessing the current situation of sports betting in India, providing arguments for its legalization and comparing it with the international scenario. The authors have used books, law journals, credible internet sources and reliable reports and articles to arrive at a strong conclusion.
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