Conventional casinos have long been relegated to the background. Online gambling has taken its place. Now, for anyone who wants to play in a casino, the first thing to think about is an online platform. And for good reason. But that’s not what we’re talking about today.
Gambling in India has always been quite popular. However many players do not know what is going on with the online sphere.
Is it safe to play at online casinos? How is online gambling in the region? Are new Bitcoin casinos in India allowed?
These are all questions that we will try to answer today.
Legal Status of Online Gambling in India
This is a complex issue. There is no law in India that specifically regulates online gambling. Usually, individual areas regulate gambling themselves.
The Public Gambling Act of 1867 is a law that prohibits operating or managing physical gambling houses. But, there is no information at all about online platforms. In fact, online gambling in India is in a gray area of legislation.
For example, areas such as Goa, Sikkim, and Nagaland have legalized some form of gambling. And this includes online as well. Maharashtra, on the other hand, has banned any kind of online casino activity.
Offshore Online Casinos and Indian Players
But what if Indian players want to play on offshore casinos?
A great many Indian players use this particular type of casino. Why? It’s simple.
Indian law does not prohibit its citizens from playing in offshore casinos. Therefore, on such platforms, you can play and do not fear legal consequences.
But players must remember that if you play on such platforms, the state can not help you. In case you are cheated, you will be left to fend for yourself.
Risks and Considerations for Indian Players
As a matter of fact, online gambling in India is a bit in a difficult position.
Regulatory Uncertainty
There are no precise laws. They do not cover online gambling specifically. Therefore, it is quite difficult to know whether it is safe or not. Potentially access or laws could change at any second. And not necessarily in favor of the casino.
No Consumer Protection
Basically, this problem exists in all countries where the authorities do not regulate online gambling. In the event that you do, there is no help for you.
If you have a dispute or fall for casino scammers, the government will most likely not be able to provide you with proper legal assistance.
Tax Implications
At the same time, casino winnings are taxable in India. And this extends to online platforms. So you have to be careful.
In case of big winnings, you will have to report it to the tax office. Otherwise, you could face legal consequences.
Payment and Withdrawal Issues
Indian banks may restrict transactions related to gambling.
You need to either read your bank’s rules or open alternative wallets. Either way, it is very inconvenient and causes a lot of pain for players.
