When Bill Gates said that the Internet is becoming a town square for the entire globe of tomorrow, he wasn’t incorrect. All thanks to the Internet, you have the access to almost everything in this world, while you are at your home itself that includes shopping, ordering food, banking, donations, funding; definitely, it is an ocean for your entertainment purpose. Similar is the case for gambling as well i.e., online gambling.
Online Gambling, also called internet gambling is nothing but simply gambling regulating on the Internet and you get access to various virtual casinos, poker, and betting related to sports at ufabet. If we talk about various legal markets, the service suppliers of Internet gambling work according to some mandatory laws to have a license and then only you can get access to all sorts of services.
There are a few countries where Online Gambling has completely been banned like –
- North Korea
- United Arab Emirates
Leading states of online gambling
If we talk about India in particular, online gambling has just been started here where Sikkim is taking the lead and had already taken its license in the year 2010. Though, in India, each state is responsible to map out its own laws regarding various gambling projects. Now, there are a few states where Internet gambling is not banned, that includes –
- Sikkim – There are two casinos
- Goa – There are ten casinos
Online gambling – banned in few states of India
On the contrary to the above-mentioned states of India, there are other states as well like Tamil Nadu and Kerala where Internet gambling has been fully banned. On top of that, recently, the Karnataka cabinet has decided to ban Internet gambling except for horse racing as well as lottery, briefly reported by Law and Parliamentary Affairs Minister of Karnataka, J.C. Madhuswamy.
Online gambling – Cyber crimes
A lot of people assert that it conducts various cyber crimes, money laundering, and definitely corruption. In spite of the existence of strict laws throughout the country, people dare to do this illegal work. The market of gambling in India makes an estimate of approx. US$ 60 million a year and half of this money have been bet illegally. According to the Public Gambling Act of the year 1867, all the gambling organizations across the country should be banned and they are responsible for this job.