For sports betting revenue to grow, the Indian government has been urged by an industry lobby group to establish a commission that will have the power to clamp down on illegal operations in the country. In a presentation to the government, Sanjiv Paul, chairman of the Federation of Indian Chambers of Commerce and Industry (FICCI), said that India was missing out on significant taxable income through the lack of a regulatory body for sports betting. “India is continuing to lose billions of dollars in taxable revenue through illegal operations in sports betting,” Paul said. A FICCI report added that introducing…

From Washington Post Cricket is a religion for many Indians. But, of late, this religion has been somewhat soiled by allegations of players working with illegal bookmakers to fix not only the outcome of the matches but also specific bowling and batting action in the game. Now, some Indians are saying that, as a solution, they want the practice of sports betting to be legalized. A survey conducted among 200 businesses by the Federation of Indian Chambers of Commerce and Industry reported that 74 percent of respondents voted that “legalizing sports betting will help curb match fixing problem.” Indian law…