starter1 (OP)
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July 26, 2016, 09:25:45 PM |
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is bitcoin gambling in India is legal. I do not see any problems with those overseas, but here i heard from someone that its illegal, thats why am asking
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masakali
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July 27, 2016, 07:47:48 AM |
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Gambling itself is illegal per se, so any form of gambling which includes bitcoin gambling or gambling your immovable properties are all llegal but the punishements are usually a slap on the wrist.
Of course it is legal in certain states where you can gamble in registered casinos etc.
But generally if you are into gambling it is a safe idea to keep it silent rather than let the whole world know you are gambling.
Personally I would never advice gambling, it costs far more than what you will stand to make as a profit and there are literally a million other avenues to make good money with only a fraction of the risk.
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bitcoinisfurture
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July 27, 2016, 11:15:11 AM |
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OP - Are you from India? If yes then are you not aware its illegal in India other than in Goa where you have casinos. Kindly do not gamble with btc or money unless you are sure about rules and regulations about the place.
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susila_bai
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July 27, 2016, 02:25:02 PM |
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It is illegal in india but their are so many gambling sites who are accepting indian users, but i think gambling through bitcoin wont get you in problem until you are not a big bets gambler.
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@prashant
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July 31, 2016, 04:39:46 AM |
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In india,black marketing has lvl of its own.zebpay is trying to indulge people in bitcoin,let's hope for the same. Mainly gambling with inr is famous in india.there are plenty of website,shop and areas where gambling at major rate is held. Hope that bitcoin will take over native currency.
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philiveyjr
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July 31, 2016, 04:22:00 PM |
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Its a grey area in India, if you are advertising it that you have been gambling with bitcoins, then it probably will be illegal as you won't be reporting any taxes on it. But I doubt you will land up in any significant trouble.
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chen miao
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August 03, 2016, 02:45:52 PM |
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is bitcoin gambling in India is legal. I do not see any problems with those overseas, but here i heard from someone that its illegal, thats why am asking
gambing is illlegal!
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stingers
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August 03, 2016, 04:02:54 PM |
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OP - Are you from India? If yes then are you not aware its illegal in India other than in Goa where you have casinos. Kindly do not gamble with btc or money unless you are sure about rules and regulations about the place.
Gambling on websites that operate from outside the country and have their servers outside the country, is not illegal. I am pretty sure gambling bitcoin online wont lead you into any serious trouble even if you are summoned by the court, you'll be released.
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Forbiddenone
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August 08, 2016, 05:21:37 AM |
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There are plenty of dark market place in india ,mostly in every space so it doesnt matter if it is legal or not unless you are thinking of opening a new btc commerce website or service.
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xdrpx
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August 13, 2016, 07:14:44 PM |
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Gambling/wagering of almost any form is illegal in India. I'm sure Goa is an exception state that does allow it in certain forms. This has been specified in The Public Gambling act of 1867. Certain games categorized as 'Skill' based like 'Rummy' and betting in 'Horse racing' are allowed as certain level of skill is involved in it. But yes, Bitcoin gambling may be illegal unless it's in the form of rummy.
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philiveyjr
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August 15, 2016, 08:03:59 AM |
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Gambling/wagering of almost any form is illegal in India. I'm sure Goa is an exception state that does allow it in certain forms. This has been specified in The Public Gambling act of 1867. Certain games categorized as 'Skill' based like 'Rummy' and betting in 'Horse racing' are allowed as certain level of skill is involved in it. But yes, Bitcoin gambling may be illegal unless it's in the form of rummy.
Like you said later in the post, its not illegal in all forms. Skill based in legal in some parts of the country like Bangalore/Goa / Kolkatta etc. With bitcoins, the government is not going to be able to find out if you gamble with it. And there is literally no interest in the government, that I have seen towards gamblers gambling with bitcoin, so should be all good for now.
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@prashant
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August 29, 2016, 04:46:12 AM |
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Well bitcoin is illegal in india or not cant be said.there is no thing that is illegal in india.government made many laws but people wont follow it.unless u have huge plan or service to lead on .there are plenty of dark marketplace which are still not closed.
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Divinespark
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August 29, 2016, 12:24:34 PM |
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Well, let's be clear. If you are an India resident and gambling with BTC or otherwise on online betting sites, even ones hq'ed abroad, you are in breach of Indian law and can be punished. Gamble at your own risk. A VPN is advisable.
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philiveyjr
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August 29, 2016, 05:31:36 PM |
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Well, let's be clear. If you are an India resident and gambling with BTC or otherwise on online betting sites, even ones hq'ed abroad, you are in breach of Indian law and can be punished. Gamble at your own risk. A VPN is advisable.
If I am not wrong, I do believe however you can gamble on skill based games like poker, which are still legal in some cities. I am not sure how legal would it be online.
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deadley
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August 29, 2016, 07:37:30 PM |
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Well, let's be clear. If you are an India resident and gambling with BTC or otherwise on online betting sites, even ones hq'ed abroad, you are in breach of Indian law and can be punished. Gamble at your own risk. A VPN is advisable.
If I am not wrong, I do believe however you can gamble on skill based games like poker, which are still legal in some cities. I am not sure how legal would it be online. Actually there is 1 problem when our constitution made, there were no online world and politician did not changed it yet. Gambling is illegal in India. But about online Gambling nothing is wrote anywhere so people just use that excuse to play.
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Divinespark
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August 30, 2016, 03:24:42 AM |
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Yes, skill not chance is allowed in theory. But not sure what our legislators will make of the crypto layer being introduced on top of the gambling layer. May just be too much to handle in one go
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SaShiRaJaVu
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September 06, 2016, 07:34:49 AM |
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gambling is illegal in india by law,but there are many sites who accepts indians and it is a common practice ,but i have not heard that anyone got into trouble for using online gambling sites. Who knows,things might get serious when a case will be registered regarding online gambling.
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gkv9
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!!! RiSe aBovE ThE StoRm !!!
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September 30, 2016, 08:50:40 AM |
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Bitcoin gambling is not legal in India, however, I have not seen any actions taken yet against people who have/had or might have made too much money through bitcoin gambling... Just don't say there won't be any, as we don't know them just because we cannot trace them...
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philiveyjr
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September 30, 2016, 02:18:53 PM |
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Bitcoin gambling is not legal in India, however, I have not seen any actions taken yet against people who have/had or might have made too much money through bitcoin gambling... Just don't say there won't be any, as we don't know them just because we cannot trace them...
Actually gambling in any form(except skill based) is illegal, but the risk isn't there since its impossible for anyone to find out here that you are gambling using bitcoins, as there is no one here tracing that kind of activity for now.
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@prashant
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September 30, 2016, 03:46:58 PM |
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Bitcoin gambling is not legal in India, however, I have not seen any actions taken yet against people who have/had or might have made too much money through bitcoin gambling... Just don't say there won't be any, as we don't know them just because we cannot trace them...
Actually gambling in any form(except skill based) is illegal, but the risk isn't there since its impossible for anyone to find out here that you are gambling using bitcoins, as there is no one here tracing that kind of activity for now. There are plenty of places where bet happen whether it is of native currency or digital currency.bitcoin has given them a whole new advantage due to its anonymous ways.
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