LAW-BETTING-CPI(MES1)

first_imgLegalising gambling in sports will create lots of problems:CPIHyderabad, Jul 6 (PTI) Veteran Communist leaderSuravaramSudhakar Reddy said today legalising gambling and betting insports would create “lots of problems”, leave room forcheating and provide no level-playing field.The Law Commission yesterday recommended that gamblingand betting in sports be allowed as regulated activitiestaxable under the direct and indirect tax regimes and used asa source for attracting foreign direct investment.Reddy, the General Secretary of the Communist Party ofIndia (CPI), said the issue is yet to be discussed in hisparty but his initial reaction is that it is not good.”If betting and gambling are legalised, it will createlots of problems,” he told PTI.”My initial reaction is negative about it.”The commission’s report, “Legal Framework: Gambling andSports Betting including Cricket in India,” recommends anumber of changes in the law for regulating betting andgenerating tax revenues from it.Reddy said: “Gambling is gambling after all, why shouldit be legalised? Betting is also sort of gambling.””Gambling is not a game that will give all the partnersequal type of opportunity and all that. Some people will loselots of money. Some people will gain. There is alwayspossibility of cheating and deceiving also,” he said. PTI RSSSRBSRBSRBSlast_img read more