Product details

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Abstract

The legalisation of sports betting continued to be a controversial subject. With the availability of electronic money, and popularity of online gambling and the associated anonymity, gambling and betting activities attained a worldwide presence. Of late, it turned out to be more challenging for countries to monitor these activities. Rampant increase in gambling was accompanied by an increase in revenue generation every year. Experts stated that, although land-based lottery and casinos dominated the gambling market, online gambling and betting indicated rapid growth. Many countries that prohibited gambling through legislations failed to be effective. Such activities, if properly regulated could ensure transparency in the market, as well as prevent the underworld's control over the illegal and unregulated gambling industry. Additionally, by regulating and imposing tax on betting and gambling, it could become a good source of revenue for the States, who in turn, could use it for public welfare. As far as India was concerned, global anti-corruption agencies often considered India as a safe haven for illegal bookies and illegal money transactions. Considering the instances of rampant betting in sports, particularly cricket in India, the Supreme Court of India directed the Law Commission of India to examine the likelihood of a legislation pertaining to sports betting along with certain safeguards. While the Committee presented its recommendations, it remained to be seen whether legalising sports betting could be effective in the country.

Teaching and learning

This item is suitable for postgraduate courses.

Time period

The events covered by this case took place in 2019.

Geographical setting

Region:
Asia
Country:
India

About

Abstract

The legalisation of sports betting continued to be a controversial subject. With the availability of electronic money, and popularity of online gambling and the associated anonymity, gambling and betting activities attained a worldwide presence. Of late, it turned out to be more challenging for countries to monitor these activities. Rampant increase in gambling was accompanied by an increase in revenue generation every year. Experts stated that, although land-based lottery and casinos dominated the gambling market, online gambling and betting indicated rapid growth. Many countries that prohibited gambling through legislations failed to be effective. Such activities, if properly regulated could ensure transparency in the market, as well as prevent the underworld's control over the illegal and unregulated gambling industry. Additionally, by regulating and imposing tax on betting and gambling, it could become a good source of revenue for the States, who in turn, could use it for public welfare. As far as India was concerned, global anti-corruption agencies often considered India as a safe haven for illegal bookies and illegal money transactions. Considering the instances of rampant betting in sports, particularly cricket in India, the Supreme Court of India directed the Law Commission of India to examine the likelihood of a legislation pertaining to sports betting along with certain safeguards. While the Committee presented its recommendations, it remained to be seen whether legalising sports betting could be effective in the country.

Teaching and learning

This item is suitable for postgraduate courses.

Settings

Time period

The events covered by this case took place in 2019.

Geographical setting

Region:
Asia
Country:
India

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