It is a known fact that in the world of sport, the biggest headache for the administrators is match fixing. This usually affects the outcome of the sports match and swing the odds in favour of the selected few. In the most recent International Cricket Council’s World T20 that was held in India. It has been reported that four locals have been arrested for gambling.
Apparently, no players have been connected to the scandals that are believed to be in breach of the current Indian gambling laws. Many see this as just an act of caution because the sport has a huge following in the country and the authorities are not taking any chances. More so, the police in Shamli took the four men into custody and were charged with illegal betting on T20 matches.
The police spokesperson in Hyderabad said the men were gambling den in Nagole and computers and cash was also seized. Down in the city of Palam Vihar, a locally known bookmaker has been nabbed on Sunday for allegedly taking bets on the T20 matches.
Match Fixing Leads to India Losing Billions
The whole of India does not allow online gambling. More so, it is only the smallest state, Sikkim, that has a regulation allowing online gambling. Sikkim is situated in the north-west of India. The Sikkim Online Gaming (Regulation) Act, 2008 has provided a legal framework for online gaming in India. This is a good piece of the legislation that has many bookmakers rake in large amounts of gamblers.
Although many other states do not allow online gambling. This has not stopped millions of Indians from placing bets online. The government has tried in many failed attempts to curb this but the Indians just won’t stop. Under the country’s Public Gambling Act, it is illegal to place real-money wagers. Additionally, this applies to any ‘games of chance’ or sports, except horse racing.
Reports coming out of the 2016 T20 hosting nation declare that illegal sports bets are worth over a staggering AU$250 billion annually. The international centre for sports security released the statistics indicating the need for India as a country to formally legalise online gambling. They will then be able to cash in on a large amount of taxes.