Section 2(b) of The Lotteries (Regulation) Act, 1998 of the Act defines, ‘lottery’ means a scheme, in whatever form and by whatever name called, for distribution of prizes by lot or chance to those persons participating in the chances of a prize by purchasing tickets. State of Bombay v. R.M.D. Chamarbaugwala, AIR 1957 SC 699 […]
Read more "Taxing Lottery"My Lord, Satoshi Nakamoto? “He still remains anonymous.” Reserve Bank of India, on 06.04.2018, in exercise of the powers conferred by Section 35A read with Section 36(1)(a) and Section 56 of The Banking Regulation Act, 1949 and Section 45JA and 45L of The Reserve Bank of India Act, 1934 and Section 10(2) read with […]
Read more "My Precious Bitcoin"“Fantasy games are nothing but means to lure people to spend their money for quick earning by taking a chance, whereby most end up losing their money in the process, which is gambling/betting/wagering? The main issue raised is substantially decided by Hon’ble Punjab and Haryana High Court [18.04.2017]. After detailed consideration of the facts as […]
Read more "Gambling in Cricket III : Dream 11"Hasan Minhaj had an insight to share on Hon’ble Justice R.M. Lodha: “Court ordered changes still haven’t been made”. Indian Courts have executed limited interference with (issues of) cricket. Supreme Court [BCCI, (2018) 9 SCC 624], once pointed out: “famous cricketers produced by MCA, amongst others, include Abey Kuruvilla, Ajinkya Rahane, Ajit Wadekar, Ashok Mankad, […]
Read more "Gambling in Cricket II : Name of the Game"Games played just for fun can also be played for money. Lawyers and Non-Lawyers paid ample respect and just respect to a game developed on Indian Premier League [IPL]. An esteemed Eashan Ghosh calculated the accuracy of the probabilistic predictions. Mr. Ghosh, phenomenal in his Intellectual Property Law expertise, is a fair man. ‘Ramiz Baba Challenge’ Rules ‘Ramiz […]
Read more "Gambling in Cricket I"“It needs to be borne in mind that there may be certain activities which the society perceives as immoral per se. It may include gambling (though that is also becoming a debatable issue now), prostitution etc. It is also to be noted that standards of morality in a society change with the passage of time. […]
Read more "Morality of Gambling"“It is a common case that lottery is a species of gambling. Gambling is considered as a pernicious vice by all civilized societies from time immemorial. Experience has shown that the common forms of gambling are comparatively innocuous when placed in contrast with widespread pestilence of lotteries. The former are confined to a few persons […]
Read more "Mesmeric Gambling Instinct"“Beside lovemaking, singing in the shower and poker, there are not many human activities where there is such a great difference between a person’s self delusional ability and actual ability.” I am not a professional poker player. I play the occasional hand and my winnings are by chance. If I have to describe the game […]
Read more "The Poker Question"