The head of Supreme Court appointed three-member probe commission (Retd) Justice Mukul Mudgal feels that India's law regarding betting on sporting activities is "paradoxical" and its regulation should be treated with a sense of urgency.
"The betting law is paradoxical in India. You can bet on the skill of horses and skill of a jockey but you can't bet on skills of a Sachin Tendulkar or a Sardar Singh," Justice Mudgal said while addressing a conference at FICCI on 'Regulating Sports Betting and Sports Law'.
Justice Mudgal also said that Indian government can earn a lot of revenue if sports betting is legalized and made taxable.
"Betting market is staggering in India. The amount of revenue that the government can earn by making it taxable can go a long away in helping to erase the current fiscal deficit," he explained during the speech.
The former Chief Justice of Punjab and Haryana High Court further explained that how regularization of sports betting can stop the underworld from generating black money wich is used for all illegal purposes.
"Without regulated betting it is very difficult to detect and conduct investigation on sporting fraud," Justice Mudgal emphasised.
The legal luminary opined that one of the biggest threats to the integrity of sports besides doping is sporting fraud.
Sporting fraud being the umbrella term which would cover all kinds of activities which are a threat to the integrity of sports like match fixing, spot fixing, tanking, point shaving amongst others.
