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Legalise sports betting, gaming, suggests CBI ex-chief
Former CBI Director Ranjit Sinha has advocated legalisation of sports betting and gaming owing to these having a massive revenue generation potential besides being popular with the people.
East Sikkim
He, however, called for proper regulation which he termed as “responsible gaming”. “The business of sport betting and gaming exists, despite the ban. There is a stigma attached to it, but it is not very high on the government radar. The government should legalise it,” the ex-Central Bureau of Investigation Director said.
“With good regulation and responsible gaming, we can make it happen. Like it exists in Sikkim and helps increase revenue and employment in the state.” Sinha was speaking at a gaming event organised by the All India Gaming Federation (AIGF in the northeastern state - called ‘Las Vegas of India’ where casinos are allowed.
Sinha said the Sikkim model could be used by other states after the Himalayan state emerged as one of the most sought-after destinations for high-end tourists.
“This (gaming/betting) industry has huge revenue generation potential, which can be seen in Sikkim and Goa.”
At a panel discussion themed ‘Legalise Betting’, Sinha said: “There are definitely adverse effects also, but proper regulation and an enforcement body can take care of that part.”
“We have to also look into its moral aspect and take public opinion into consideration.”
The former CBI chief also urged the gaming federation to take representatives from all sectors on board.
The Federation of Indian Chambers of Commerce and Industry (Ficci) representative Rajpal Singh said, “We should not shy away from reality. Illegal betting is already happening.”
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