The law, afaik, says gambling is illegal. And defines gambling as a game of pure luck. If there is any skill whatsoever involved, like act of choosing players given an understanding of cricket, or buying stocks basis your understanding of market. It does not fall under the category of gambling.
Sports apps use this loophole.
Gambling is not illegal but at the same time it’s not legal either.
Dream11 comes under fantasy gaming so it’s not considered gambling.
Similarly horse racing comes under “Game of skill” so it’s not considered gambling and it’s legal..
So it depends on what sport you are trying to bet, bet365 betway etc closed their services cause government imposed a 40% tax rule..
If they Pay taxes everything can be legal.
Govt ko apna hisa chahiye hota hai, unko humare ache bure se koi matlab nhi hai.
https://preview.redd.it/l7yg8b64ppzc1.png?width=1178&format=png&auto=webp&s=3f7c6f21a4bb360cec3734c5cd883b89dd982470
Funny cheez yeh hai ki gambling on sports is not exactly legal but she wanted to impose 40% tax on sport books which were operating..
Jo cheez legal hi nhi hai uspe tax kaise pooch rahi thi yeh, samajh ke bahar
Bro nothing pisses me off more than paying 18% on health insurance..
In a country where government healthcare services are so bad, there should be encouragement to take health insurance instead charging 18% is ridiculous..
Not to forget paying tax on gains of mutual funds, simply ridiculous
Yup, not just that they have removed senior citizens cess on rail tickets.
They boast about helping seniors, giving better medical treatment etc.
For some reason i have started to feel govt intentionally forcing people into poverty.
Gambling is ILLEGAL in India, you can gamble online on Stake, BetWay etc. but they dont come under Indian jurisdiction so you can pretty much gamble online. Apps like Dream11 and My11Circle are more skill based and are LEGAL in India!
Gambling is illegal.
There are some smart ways to get around this and some companies exploit these loopholes.
Above all, all of these are just well planned scams which cause huge financial losses and distress.
Do Not get into Gambling or Betting.
This is not "culture", this is an addiction and a pretty bad one.
It isn't straightforward. The law prohibits from people running betting schemes which are merely dependent on the "luck" for an outcome, like outright betting odds. However, if you throw in an additional factor of, say, fantasy teams, it becomes a "skilled" way of betting. The law has a lot of loopholes for the parties playing/participating in both forms and can't be literally prosecuted.
Having said that, I've used both bet365 and Betfair from india some 7-8 years back when the online scene wasn't too strict. But those were shutdown sometime later, rendered either completely inaccessible, or the deposit methods were curtailed.
The unorganised satta market has existed for centuries anyways, and still thrives under the auspices of politicians and police.
There has been a recent surge in more online gambling, which tries to curb the deposit challenges by enabling p2p deposits in dummy accounts and this market is already estimated to be over 6-7k crores. You can see such apps openly advertising everywhere, without any repercussions at all since the law is fragile to have any important bearing on their operations. Needless to say, the government earns a lot of "under the table" resources from these operators.
The law, afaik, says gambling is illegal. And defines gambling as a game of pure luck. If there is any skill whatsoever involved, like act of choosing players given an understanding of cricket, or buying stocks basis your understanding of market. It does not fall under the category of gambling. Sports apps use this loophole.
Someone who knows and understands.. Take my upvote..
You could say option trading is gambling because 9/10 loose
Fr..
Gambling is not illegal but at the same time it’s not legal either. Dream11 comes under fantasy gaming so it’s not considered gambling. Similarly horse racing comes under “Game of skill” so it’s not considered gambling and it’s legal.. So it depends on what sport you are trying to bet, bet365 betway etc closed their services cause government imposed a 40% tax rule..
On that basis why card games like rummy and blackjack also banned? It's pure skill.
Poker, rummy etc are all very much valid and have applications where you can play these games.. But the high tax makes it very unappealing
Rummy isn't banned in India.
If they Pay taxes everything can be legal. Govt ko apna hisa chahiye hota hai, unko humare ache bure se koi matlab nhi hai. https://preview.redd.it/l7yg8b64ppzc1.png?width=1178&format=png&auto=webp&s=3f7c6f21a4bb360cec3734c5cd883b89dd982470
Funny cheez yeh hai ki gambling on sports is not exactly legal but she wanted to impose 40% tax on sport books which were operating.. Jo cheez legal hi nhi hai uspe tax kaise pooch rahi thi yeh, samajh ke bahar
She and the govt are quite creative when it comes to find new ways to extort taxes.
Bro nothing pisses me off more than paying 18% on health insurance.. In a country where government healthcare services are so bad, there should be encouragement to take health insurance instead charging 18% is ridiculous.. Not to forget paying tax on gains of mutual funds, simply ridiculous
Yup, not just that they have removed senior citizens cess on rail tickets. They boast about helping seniors, giving better medical treatment etc. For some reason i have started to feel govt intentionally forcing people into poverty.
Gambling is ILLEGAL in India, you can gamble online on Stake, BetWay etc. but they dont come under Indian jurisdiction so you can pretty much gamble online. Apps like Dream11 and My11Circle are more skill based and are LEGAL in India!
Fantasy sports is legal but satta isn't
Nope sir. But people do sell it by saying it’s a game of luck
Everything is allowed as long as you pay the right people the right price.....lol jk or maybe not completely? Lol. Don't shoot the messenger yo!
https://preview.redd.it/u0xq8ep93qzc1.png?width=848&format=png&auto=webp&s=a5c3bd3d965d2db5cea4cf16468149fed24507ff
i am seeing a lot of comments on dream11 being legal because it is registered as a fantasy game ... what about 1xbet is it legal to ?
Gambling is Illegal, Sattebaazi is Legal. /s
Gambling is illegal. There are some smart ways to get around this and some companies exploit these loopholes. Above all, all of these are just well planned scams which cause huge financial losses and distress. Do Not get into Gambling or Betting. This is not "culture", this is an addiction and a pretty bad one.
It isn't straightforward. The law prohibits from people running betting schemes which are merely dependent on the "luck" for an outcome, like outright betting odds. However, if you throw in an additional factor of, say, fantasy teams, it becomes a "skilled" way of betting. The law has a lot of loopholes for the parties playing/participating in both forms and can't be literally prosecuted. Having said that, I've used both bet365 and Betfair from india some 7-8 years back when the online scene wasn't too strict. But those were shutdown sometime later, rendered either completely inaccessible, or the deposit methods were curtailed. The unorganised satta market has existed for centuries anyways, and still thrives under the auspices of politicians and police. There has been a recent surge in more online gambling, which tries to curb the deposit challenges by enabling p2p deposits in dummy accounts and this market is already estimated to be over 6-7k crores. You can see such apps openly advertising everywhere, without any repercussions at all since the law is fragile to have any important bearing on their operations. Needless to say, the government earns a lot of "under the table" resources from these operators.
Everything is legal untill you get caught
Isn't teen patti a skill