What Is the Most Trending News About The Sports Betting And The Background On The Same, An Overview :
Sports Betting and Laws are one of the most common parameters, which we need to know and follow. Moreover, these Laws have become definitely the need of the day since in case there are no Laws, the chances of Illicit activities might peak exponentially. Furthermore, Sports Betting has become very popular these days. Furthermore, this type of Gambling involves to place a wager or else a Bet on the result of a Sporting Event.
Beyond this, it should be noted that Online SPORTS Betting is a part of the Sports Betting. At the same time, Sports Betting can also extend to Non Athletic Events and also Reality Show Contests and Political Elections. The Best part of the story is that Betting has changed the opinion on the way the Games are played and viewed. On one hand, Sports Books allow people to make a plethora of Bets and on the other hand, the various Sites allow the Online Betting.
The Scenario Of Sports Betting In India :
The worst part of the story is that Sports Betting to the maximum is Illegal in India, except Betting on Horse Race. Until now, it was such that Sports Betting was based on the Individual State Laws. However, unfollowing this Rule, since India, holds a special Love Triangle with Cricket, therefore, Betting on the Indian Premier League outpaces all the other Bettings. Moreover, these include majorly the Sportsbooks which are serving in India.
At the same time, Football is the second most liked Sport after Cricket. Adding to this, Badminton, Basketball and Tennis also plays the key Cornerstone attractions. It should and must be noted that there is a lot of uncertainty of the outcome of the Sports attraction. Beyond this, the specific Sports also loses it’s integrity, in case the Results are Pre determined. As a result, the Sports also loses the meaning and the Fan following.
Is Match Fixing Safe ? :
It should be kept in mind, that Match Fixing is absolutely unsafe. Apart from this, the emergence of Online Gambling has augmented the risk of Match Fixing. Moreover, this happens only for the Financial Gain. Apart from this, the Global Gambling Industry is attractive. In the other way round, it acts as the Cynosure for the organized Crimes. Synchronously, the range of the Bets have also kept on augmenting within a Series of Misinformation. At the Baseline, Gambling and Match Fixing has given rise to the corruption and as a result, this has and will for sure prove a threat to the scenario of the Professional Sport in the Long Run.
The Emergence Of Sports Betting Laws Play A Key Role At This Juncture :
On one hand, every country has it’s own Legislation, related to Sports Betting. While, most of the Sports Laws are based on the Individual State Laws or else the General Laws in India, most of the Indian Sub continent is subject to the Public Gambling Act of 1867 and also the Technology Act of 2000.
According to these Laws, although, the Sports Betting is impermissible, yet, individual States have the Rights to make their own Laws. The worst part of the story is that the Public Gambling Act (1867) prohibits every type of Gambling. As a result, any sort of Gambling is illegal in India. However, another shocking parameter is that, there is no Law which prohibits Online Gambling. Quiet Controversial …. Is it not ??
The Aftermaths :
Since there is no Law which could prohibit Online Gambling, therefore, Betting companies are taking the advantage of the same to lure the most avaricious Bettors to bet on everything and anything. At the same time, there is also no Law which could ban an individual customer from placing an Online Bet with a Bookmark which is based outside the Indian Sub Continent.
The Most Casual Punishment of the Public Gaming Act Of 1867 :
The Public Gambling Act of 1867 is the Central Law, which prohibits any person to be in charge of the Public Gambling House or else even to run the Public Gambling House. Furthermore, it is so ridiculous to know that the Penalty to unfollow this Law is a Fine of Rupees 200 or else a mere imprisonment of only Three months
The Additionals :
It is estimated that the Betting Market in India might stand to 130 Billion United States Dollars. Moreover, the Seventh Schedule of the Constitution of India gives the Rights to the States to legislate and make the Right Policies with regards to the Betting and Gambling. Beyond this, it is stated that the Indian Exchequer loses around Two Lakhs Crores. Furthermore, this happens because of the Illegal Betting on the Cricket. At the same time, the Lodhi Commission has been appointed by the Supreme Court to look into the Legislation of the Cricket Betting.