Which are the bettings legal in India? - Professionals - Legal - TIK Share
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Which are the bettings legal in India?


Stock Guru

2014-03-11

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:

  1. Which are the waggering contracts which are legal in India?
  2. Which law makes it illegal to bett on sports events?
  3. Playing cards and betting in home is illegal?

CA Pulkit Sharma

2014-03-11

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.

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