Foreign Exchange Management Act 1999 And How It Impact on Online Gambling ?

   Foreign Exchange Management Act :- 

Another law directly interfering with the ability of Indian citizens to engage in online gambling is the Foreign Exchange Management Act (FEMA) 1999. The act governs the exchange of foreign currency. Under that law, it could be considered a violation to make a deposit at an online casino in any currency other than Indian rupees. It is the main reason why players from India find it difficult to make deposits at foreign online casinos.

At present, there are online gambling laws in Sikkim, Nagaland, Telangana and Maharashtra. Only the latter state completely prohibits. Sikkim, however, was the first state to issue online gambling licenses in 2014.

By the way, just to make things a little more complicated, during festivals there is traditionally an uptake in betting activities and in many states that is legal (including Uttar Pradesh, Haryana, Bihar, Jharkhand, Chhattisgarh and some of the rural parts of other Indian states). In other states, however, gambling during festivals is strictly prohibited (including in J&K, Madhya Pradesh, Kerala, Sikkim and Assam).

Legal and illegal gambling :- 

As we already mentioned, lotteries are legal in India. Whilst it is as pure a game of chance as you can find, apparently, lottery games are attractive enough for everyone involved to have been legalised.

Additionally, bets on horse racing are legal in India. Though this only extends to local races and bets are placed in person at the track.

Currently, casinos operate in Goa and Sikkim, where gambling is indeed legal on the state level. And, as mentioned above, Sikkim has made provisions for online gambling as well.

In Recently Despite a largely clear position in law adopted by various high courts, various states have proceeded to ban the online fantasy sports and other real money games. Dream11 has notified on their website that it does not offer services in Telangana, Assam, Tamil Nadu, Odisha, Andhra Pradesh, Sikkim and Nagaland

Surprisingly, gambling on Cricket, arguably India’s national sport, is illegal.

The question of whether card games which can be considered skill games such as rummy and poker has been discussed in various courts throughout the years. Few argue nowadays that rummy is a skill-based game and as such engaging in it cannot be considered illegal. Betting on it is a different question.

So The Fact is Government is Thinking that Cricket is not SKill Of game and Mind that's why they Still Not Allow To betting on cricket legally . Any How Many of the Website Taking Advantages of India Gambling Act 1867 and They Are running it There business in india .Cricket betting is considered as a game of Luck Not game of skill.

Note :- All the Information is Provided are collected By Online I doesn't Talk anything From My own  .

Online gambling :-

The gambling market in India is said to be worth US$60 billion per year, though half of it is probably bet illegally. The online gambling market has reached INR 43.8 billion for 2018 and is only expected to grow.

Unless specifically outlawed in places such as Maharashtra, online gambling is not, strictly speaking illegal. There are laws in existence that make online gambling difficult, but not impossible.

So, with online gambling, we enter a grey area. It’s certainly not made easy in India, but there are quite a few online casinos around nowadays that accept customers from India and allow gambling in rupees as well. That means, players are not restricted through the FEMA act and if a site isn’t blocked by an ISP, there’s nothing really keeping you from gambling online.

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How to stay safe gambling online :-

Since there’s nothing truly preventing you from taking your gambling online, you are certainly free to do so at any of our recommended online gambling sites. Still, legally speaking, there are some things you should do to stay safe.

It’s always important to know the law of the land. Breaking it knowingly will result in fines at the very least, but worse punishments are possible.

First of all, if online gambling is outlawed where you live, don’t gamble. If there are no specific laws related to online gambling, do be sure to not break FEMA regulations. That means, only deposit in rupees. The online casinos we recommend allow for this, so you’re safe here.

Note :- All the Information is Provided are collected By Online I doesn't Talk anything From My own  .

Advice :- Always Follow The Government Rules and Don't Try to be a smart because Government Know   Everything About You .Before To Anything Research on same Follow Alternative Option never Share Personel Details Anywhere .

What is Future Of Gambling In India ??

In recent years, online gambling has been a hotly debated issue in Indian courts but also in the government. There are many ministers still in favour of outlawing any form of gambling, because it promotes crime, money laundering and, of course, causes gambling addiction.

Others, however, don’t believe that the spread of gambling and online gambling, in particular, can be stopped. Instead, they argue, it is better to properly regulate gambling in all forms and issue licenses and levy taxes on the operators, which would be a huge source of revenue for the states and the federal government. With proper regulation in place, laws against money laundering and other perceived issues can be put in place and licensing regulations would also address problematic gambling behaviours, etc.

The truth of the matter is that people gamble. They do so whether it is allowed or not. People in India gamble as well. In fact, as already mentioned, the market is huge. Outlawing gambling will not stop people from placing bets on cricket or playing a hand of online poker.

In the long run, it is the smarter bet to regulate gambling and with more progressive governments, the odds are that this will happen eventually.