India Asked To Consider Regulating Sports Betting

The head of the International Cricket Council, Ehsan Mani, proposed to India to regulate sports betting. India is world known for being the center of all cricket match fixing. Last year, the finals of cricket were India vs Pakistan, this caused over $1 Billion to be placed in bets. Now imagine regulating that and charging taxes, this could potentially bring in a very large income for the Indian government.

After all, India is the world’s second most populated country and it is located in Asia, the most profitable continent of the world. Ehsan Mani says that by regulating the sports betting industry, not only will India’a income receive a big boost, they will also be able to report suspicious betting patterns.

Words Of The ICC’s Head

Ehsan Mani, the head of the International Cricket Council, told India’s daily news: “There’s no doubt that India, certainly Delhi and Mumbai, is the epicentre of cricket betting. I’m a strong advocate of legalising betting in India, and bringing it under control of regulatory authorities so that… the conduct of bookies can be monitored properly”

Conclusion

If India actually goes ahead and puts a bill out and gets it all the way up to be regulated, it will be the first time in history that sports betting will be regulated in India. The income brought back by taxes will see it skyrocket like never before and tracking illegal activities such as money laundering will be traceable much more easily then before because wager patterns can now be detected.

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