Sports Betting Legalization Possible in India?

Sports Betting Legalization Possible in India?
According to the latest reports from India, the legalization of sports betting beyond horse racing is a real possibility, as India's minister of sports has brought an independent study conducted three years ago on the regulation of betting by the United Kingdom back on the table for further study. This process could take a while, it was noted by the media that reported on the development, and any noticeable progress will be made only after extensive political and ministerial maneuvering, which will surely keep in mind the significant taxation potential. Namely, according to assessments compiled last year by the professional business services group KPMG, the overall gambling market in India could be worth up to US$55 billion, and in the opinion of well over 80 percent of Indians, they'd rather have a regulated industry than one that is prohibited by government. And since India has become notorious because of a number of high profile betting and corruption scandals in recent years, regulation could help minimize cheating in major sports events, it was opined by the proponents of gambling.
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