The Scrupulously Portrayed Erudition of Online Gambling

Prologue=

Gambling is the act of betting money on various platforms with the intention of earning more than the bet. This act is basically judging the chances of winning of a particular team or happening of an event so as to bet on that probability and make money out of it. A lot of people bet for the easy money that gambling brings in for them, while other might do it just for fun, and still others are just addicted to it after a certain period. Online gambling is the on the web, technological and virtual gambling that is fast gaining fans in the contemporary world.

Annals=

The way people betted was not always online, it was face to face in the old times where people betted with real cash to a bookie. With the improvement in the know-how of the internet, the upgrading of the gambling to the virtual space was an obvious result. It is agreed that it was in 1990s that civilians became aware of the detail that internet could be used for betting and not too late in 1996-1997 many online spaces and portals with the intention of promoting virtual betting came in existence, and since then, the fan following of this has been on a rise.

Legality=

Online gambling is a subject under the governance of the state law in India. It is not therefore illegal but there is no such act or provision relating only to it. Therefore, it is many-a-times dealt with Information Technology Act, of 2000. Various states have their own laws regarding gambling-

  • Nagaland- The Nagaland Prohibition of Gambling, Prohibition and Regulation of Online Games of Skills Act, 2015
  • Sikkim- Sikkim Online Gambling Regulation Act, 2008
  • Kerala- Kerala Gaming Act, 1960
  • West Bengal- West Bengal Gambling and Prize Distribution Act, 1957
  • Rajasthan- Rajasthan Public Gambling Ordinance, 1949

Winding Up=

In the day and age where it is becoming difficult to earn a living with rising unemployment and continuous price rise, gambling can prove to be a major source of income. Although there are reservations among some sections of the society regarding the act of betting but with expertise and experience in any field it is not knotty to earn a living through online gambling. The illegality leads to hideous betting thereby depriving government of its taxes. Legality is thus, a necessity.

Categories: Commerce, Social Issues

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