Which are the bettings legal in India?
Being a stock trader, i do lot of betting in stock markets. Trading in stock futures in legal and is done worldwide.
I had some doubts to be clarified. In India wagering contracts are illegal.
My doubts are:
- Which are the waggering contracts which are legal in India?
- Which law makes it illegal to bett on sports events?
- Playing cards and betting in home is illegal?
I may not be the right person to comment on legal point of waggering.
I can comment on 1 doubt.
Insurance (if you call it waggering contract) is the waggering contract that is legal worldwide.