India to legalize gambling and sports betting

[carlfebz2]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

[joebrook]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

There is a lot of money to be made from the legalization of gambling and sports betting and it's not surprising that the governments decision to make it legal. Because people are going to gamble whether it's illegal or not so why not make legal and get money from taxation.

[hulla]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

There is a lot of money to be made from the legalization of gambling and sports betting and it's not surprising that the governments decision to make it legal. Because people are going to gamble whether it's illegal or not so why not make legal and get money from taxation.

Well, India have already legalized gambling but their level of legalization is different to others countries which have legalized gambling in the past due to India taking tradition with high extreme. Therefore, physical gambling was accepted everywhere while online gambling was only accepted in Sikkim and Telangana and two person was arrested today for operating an online gambling.

[Ourplealis]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

[hulla]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

The indians does like sports betting but what you said about people have no fear of been arrested by law enforcement agency and about their government legalization of betting both offline and online which was truth but complicated because online gambling or betting was restricted in some parts of the Indians state even almost 10 people were been arrested for violating the online restriction rules and regulation on Tuesday.

[hubballi]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

The indians does like sports betting but what you said about people have no fear of been arrested by law enforcement agency and about their government legalization of betting both offline and online which was truth but complicated because online gambling or betting was restricted in some parts of the Indians state even almost 10 people were been arrested for violating the online restriction rules and regulation on Tuesday.

Still 4 states are not legalized the gambling they are, Telangana, Orissa, Gujarat & Andhra Pradesh. Apart from this other states are legalized in gambling and even online gambling site have forbided this states users to play.

[hulla]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

The indians does like sports betting but what you said about people have no fear of been arrested by law enforcement agency and about their government legalization of betting both offline and online which was truth but complicated because online gambling or betting was restricted in some parts of the Indians state even almost 10 people were been arrested for violating the online restriction rules and regulation on Tuesday.

Still 4 states are not legalized the gambling they are, Telangana, Orissa, Gujarat & Andhra Pradesh. Apart from this other states are legalized in gambling and even online gambling site have forbided this states users to play.

No, you definitely misunderstood every thing . Like i said earlier their legalization in Indian is complicated and Orissa and Andhra Pradesh prohibited gambling but Telangana state still have conflict over gambling but yet to decide if they ban or not while Gujarat prohibited online gambling and advertisement of anything related to gambling.

[STT]

Its ridiculous to consider charges for such an idea of crime and restrict peoples freedom in this way in any case.   I dont know if somehow the impetuous came from a religious angle to restrict the idea of risk or bad use money as I believe thats the case in the Muslim faith and Pakistan restricts gambling but that business continues in an underworld way anyway.   As said it makes little sense from a capitalist or fiscal point of view to deny a country a legal share of revenue which in any realistic way will continue within a population anyway.

I think its the case often in India restricts business for the 'greater good' but in recent years has tried to open up and allow innovation and modern advancement because of an obvious benefit from business development.   USA of course famously also restricts gambling but recently has or will also uncap this avenue if I remember right.  In general I think its very much a positive for society in general to allow any honest business to deal in the open

[hulla]

Its ridiculous to consider charges for such an idea of crime and restrict peoples freedom in this way in any case.   I dont know if somehow the impetuous came from a religious angle to restrict the idea of risk or bad use money as I believe thats the case in the Muslim faith and Pakistan restricts gambling but that business continues in an underworld way anyway.   As said it makes little sense from a capitalist or fiscal point of view to deny a country a legal share of revenue which in any realistic way will continue within a population anyway.

I think its the case often in India restricts business for the 'greater good' but in recent years has tried to open up and allow innovation and modern advancement because of an obvious benefit from business development.   USA of course famously also restricts gambling but recently has or will also uncap this avenue if I remember right.  In general I think its very much a positive for society in general to allow any honest business to deal in the open

It was ridiculous but you shouldn't be surprise about the Indian gambling legalization and restriction because India was a country with policy and their government are always force and control things for their own selfish reason without thinking of the country and individuals benefit. However, I also believed Islam side will be state that restricted gambling because gambling was restricted in few states and the Islam controlled 14.2% of the country.

[believe in BTC]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

There is a lot of money to be made from the legalization of gambling and sports betting and it's not surprising that the governments decision to make it legal. Because people are going to gamble whether it's illegal or not so why not make legal and get money from taxation.

Well, India have already legalized gambling but their level of legalization is different to others countries which have legalized gambling in the past due to India taking tradition with high extreme. Therefore, physical gambling was accepted everywhere while online gambling was only accepted in Sikkim and Telangana and two person was arrested today for operating an online gambling.

That is for the first time I am hearing about it. I think that in modern time most of the people have stopped plying gambling in casino, they now giving more preference to online gambling as compare to casino. I think that very soon india have to change their decision about online gambling.

[hulla]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

There is a lot of money to be made from the legalization of gambling and sports betting and it's not surprising that the governments decision to make it legal. Because people are going to gamble whether it's illegal or not so why not make legal and get money from taxation.

Well, India have already legalized gambling but their level of legalization is different to others countries which have legalized gambling in the past due to India taking tradition with high extreme. Therefore, physical gambling was accepted everywhere while online gambling was only accepted in Sikkim and Telangana and two person was arrested today for operating an online gambling.

That is for the first time I am hearing about it. I think that in modern time most of the people have stopped plying gambling in casino, they now giving more preference to online gambling as compare to casino. I think that very soon india have to change their decision about online gambling.

India central government decision on crypto currency trading,buying and using will determine if the Indian government will change their decision because there's currently a lot of debating going on their concerning crypto currency. I won't be surprised though because Indian is a tradition country nothing to be expect in such country than the old fashioned ways.
Lets hope they totally legalized bitcoin.

[hubballi]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

The indians does like sports betting but what you said about people have no fear of been arrested by law enforcement agency and about their government legalization of betting both offline and online which was truth but complicated because online gambling or betting was restricted in some parts of the Indians state even almost 10 people were been arrested for violating the online restriction rules and regulation on Tuesday.

Still 4 states are not legalized the gambling they are, Telangana, Orissa, Gujarat & Andhra Pradesh. Apart from this other states are legalized in gambling and even online gambling site have forbided this states users to play.

No, you definitely misunderstood every thing . Like i said earlier their legalization in Indian is complicated and Orissa and Andhra Pradesh prohibited gambling but Telangana state still have conflict over gambling but yet to decide if they ban or not while Gujarat prohibited online gambling and advertisement of anything related to gambling.

Check with local online site where when you open account they give warning that if you are residing in this states then dont open account and even if you IP address show this states then this sites wont open or you wont be able to play cash games. As i have experienced it. once my IDEA sim gave IP address of Telengana and i was not able to play rummy games. after the IP address location changed i was able to play.

[hulla]

It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.

Gambling would surely boost their economy and there's no solution for those underground gambling that exists in India. Its not them who only tackles with this problematic situation but many countries do so.

They are legalizing it and if you'll search for different Indian-based online casino's, there's too many of it that exists today including the non-crypto and crypto casino's.

A lot of posts have always been wanting gambling to be legalized in some countries, and it's okay because if you manage to think about it when you are winning or losing to the casino, there would still be income for the casino since there are a lot of players there. So it can be taxed.

It is good that they are going forward with that and in some other countries, I'm not sure why they are not yet legalizing it or probably wants to have a cut with the portion of the profit or something. It would be interesting if there were to be news about this kind of stuff.

Most of the Indians are involved in sports betting and due to sports huge betting India government has decided to legalize all kinds of gambling online or offline. Now people have no fear to be arrested by law enforcement agencies. I think if all governments in the world legalize gambling they can generate handsome revenue from these gamblers because they are very large in number.

The indians does like sports betting but what you said about people have no fear of been arrested by law enforcement agency and about their government legalization of betting both offline and online which was truth but complicated because online gambling or betting was restricted in some parts of the Indians state even almost 10 people were been arrested for violating the online restriction rules and regulation on Tuesday.

Still 4 states are not legalized the gambling they are, Telangana, Orissa, Gujarat & Andhra Pradesh. Apart from this other states are legalized in gambling and even online gambling site have forbided this states users to play.

No, you definitely misunderstood every thing . Like i said earlier their legalization in Indian is complicated and Orissa and Andhra Pradesh prohibited gambling but Telangana state still have conflict over gambling but yet to decide if they ban or not while Gujarat prohibited online gambling and advertisement of anything related to gambling.

Check with local online site where when you open account they give warning that if you are residing in this states then dont open account and even if you IP address show this states then this sites wont open or you wont be able to play cash games. As i have experienced it. once my IDEA sim gave IP address of Telengana and i was not able to play rummy games. after the IP address location changed i was able to play.

You definitely don't understand what I'm trying to say when I said Telangana currently have a conflict issue going on and they are yet to ban gambling. They currently allow physical playing of rummy at the game spots while online gambling provision or playing of rummies is forbidden which the reason the IP address you mentioned was blocked.

[rolleth.io]

What's the problem to legalize this system in all countries? It is disappointing that states restrict people's freedom. In addition, gambling perfectly replenish the budget of countries through taxes. So why not let people do what they want? The only correct solution here is to limit gambling in any way, but not to prohibit them!

[oicieffive]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

India is one of the big gambling countries especially in sports betting. The big bookies of the world are in India. Government has realized that gambling is a big industry in India. They should legalize it and impose tax on big gamers and bookies. It is good for them because people will gambler on any cost. Nobody can stop gambling in India.

[STT]

India is possibly one of the most important countries over the next century because so much of their population is below 30, its a majority for sure.   This implies high growth and change to the current economy.    Anything is possible but they have to embrace the possibilities of allowing free trade by their people.

It is better to allow legal business and apply a tax if reasonable then to bar and send the industry and its revenue to criminals

India central government decision on crypto currency trading,buying and using will determine if the Indian government will change their decision because there's currently a lot of debating going on their concerning crypto currency. I won't be surprised though because Indian is a tradition country nothing to be expect in such country than the old fashioned ways.
Lets hope they totally legalized bitcoin.

I think both subjects are quite close because India restricts even the free exchange and import of gold because its commonly used as an alternative value holding to government money.   Theres more to be gained from allowing citizens to be profitable and free in their trade then trying to restrict it, theres a good chance of India recognising its own growth potential and benefiting from that self knowledge

[Big-bigger-bitcoin]

~snip
And now in India this has been being considered which is good for them. It's either they can't fight with those anymore and they just have to embrace the industry so at the same time, they are going to make money out of those gambler's money.

There's big money on gambling and they are for sure going to get a lot of tax cuts there. Still they have some conditions on what games to legalize.

Then it's a win-win situation for them, and that's just the start. When a lot of businesses/casinos have started, it would still add to the funds coming from it. It's always going to be the ones who believe that prosper, even considering the risk of gambling. Just like you said, they would need to work some things out in the contracts on how they are going to go about it, but in the meantime, they should gamble. lol

For the government usually it is a win-win situation for them, they are would just give requirements and other setup of arrangements for those gambling businesses to operate. Now that gambling seems to be adopted there though with some restrictions.

I'm looking forward for the time where they will integrate and consider cryptocurrencies. As we know, crypto gambling is another big industry that they should include to be legalized.

It is and I think it's a tactic to have them illegalize gambling then up the price of making a casino, so it's, even more, a win-win situation. I'm not sure if there are bitcoin land casinos now, but I know there's a topic that I read here that a famous casino in Vegas started accepting cryptocurrency.

What I don't want, in my opinion, is that they try to control that is something for the people. The purpose that it is decentralized.

What would you expect from the government? They can make any decisions into things if they saw that it can benefit them.If they accept and legalized gambling on a particular country then its a good
thing for those gamblers out there who do play illegally or on shady ways. Government always have that win-win situation.If they saw that gambling business is on demand then they would allow it
and impose tax at the same time, then we would know on what would happen next.

There is a lot of money to be made from the legalization of gambling and sports betting and it's not surprising that the governments decision to make it legal. Because people are going to gamble whether it's illegal or not so why not make legal and get money from taxation.

Just like film industry, gambling is also an industry and very big personalities are involved in gambling there. Government can collect big revenue from these gamblers when they include gambling in taxation. I think that other countries should also legalize gambling in their respective countries, so that people would also gamble freely without any restrictions.

[Wete]

Yes, this will definitely have a good impact on state revenues. But on the other hand it might cause new problems, of course all know gambling can have an impact on addiction. When you are addicted to gambling, of course someone will do whatever they can to get money to be able to gamble again. What is feared here is that if gambling addicts are determined to commit criminal acts in order to earn money, the Government certainly has to think carefully about it.

[gowobonyok]

we see the progress of how the government is regulating gambling in india. if it is felt that it can generate profits for both parties, the regulation of crypto will also be realized.

[maydna]

we see the progress of how the government is regulating gambling in india. if it is felt that it can generate profits for both parties, the regulation of crypto will also be realized.

And if finally, the regulation applied to India, we can see that India will grow their financial economic and they can compete with the other country. It will give more income to the country as we know that from the gambling section, the government can take big money from each of the gambling places. But in the other side, there will be more people who will come to the gambling and spend all of their money because they think that playing gambling can give them a good income if they can win the game.