bitcoin gambling in India - page 2. | Bitcointalksearch.org

philiveyjr

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Quote from: xdrpx on August 13, 2016, 02:14:44 PM

Gambling/wagering of almost any form is illegal in India. I'm sure Goa is an exception state that does allow it in certain forms. This has been specified in The Public Gambling act of 1867. Certain games categorized as 'Skill' based like 'Rummy' and betting in 'Horse racing' are allowed as certain level of skill is involved in it. But yes, Bitcoin gambling may be illegal unless it's in the form of rummy.

Like you said later in the post, its not illegal in all forms. Skill based in legal in some parts of the country like Bangalore/Goa / Kolkatta etc. With bitcoins, the government is not going to be able to find out if you gamble with it. And there is literally no interest in the government, that I have seen towards gamblers gambling with bitcoin, so should be all good for now.

xdrpx

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Gambling/wagering of almost any form is illegal in India. I'm sure Goa is an exception state that does allow it in certain forms. This has been specified in The Public Gambling act of 1867. Certain games categorized as 'Skill' based like 'Rummy' and betting in 'Horse racing' are allowed as certain level of skill is involved in it. But yes, Bitcoin gambling may be illegal unless it's in the form of rummy.

Forbiddenone

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There are plenty of dark market place in india ,mostly in every space so it doesnt matter if it is legal or not unless you are thinking of opening a new btc commerce website or service.

stingers

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Quote from: bitcoinisfurture on July 27, 2016, 06:15:11 AM

OP - Are you from India? If yes then are you not aware its illegal in India other than in Goa where you have casinos. Kindly do not gamble with btc or money unless you are sure about rules and regulations about the place.

Gambling on websites that operate from outside the country and have their servers outside the country, is not illegal.
I am pretty sure gambling bitcoin online wont lead you into any serious trouble even if you are summoned by the court, you'll be released.

chen miao

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Quote from: starter1 on July 26, 2016, 04:25:45 PM

is bitcoin gambling in India is legal. I do not see any problems with those overseas, but here i heard from someone that its illegal, thats why am asking

gambing is illlegal!

philiveyjr

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Its a grey area in India, if you are advertising it that you have been gambling with bitcoins, then it probably will be illegal as you won't be reporting any taxes on it. But I doubt you will land up in any significant trouble.

@prashant

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In india,black marketing has lvl of its own.zebpay is trying to indulge people in bitcoin,let's hope for the same.
Mainly gambling with inr is famous in india.there are plenty of website,shop and areas where gambling at major rate is held.
Hope that bitcoin will take over native currency.

susila_bai

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It is illegal in india but their are so many gambling sites who are accepting indian users, but i think gambling through bitcoin wont get you in problem until you are not a big bets gambler.

bitcoinisfurture

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OP - Are you from India? If yes then are you not aware its illegal in India other than in Goa where you have casinos. Kindly do not gamble with btc or money unless you are sure about rules and regulations about the place.

masakali

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Gambling itself is illegal per se, so any form of gambling which includes bitcoin gambling or gambling your immovable properties are all llegal but the punishements are usually a slap on the wrist.

Of course it is legal in certain states where you can gamble in registered casinos etc.

But generally if you are into gambling it is a safe idea to keep it silent rather than let the whole world know you are gambling.

Personally I would never advice gambling, it costs far more than what you will stand to make as a profit and there are literally a million other avenues to make good money with only a fraction of the risk.

starter1

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is bitcoin gambling in India is legal. I do not see any problems with those overseas, but here i heard from someone that its illegal, thats why am asking

Topic: bitcoin gambling in India - page 2. (Read 3990 times)