Former BCCI President and Minister of State for Finance Anurag Thakur has suggested that betting be made legal. He said getting it into the formal economy will help check the unholy and corrupt” practices like match-fixing besides giving tax revenues.
Thakur made the remarks at an ICICI Securities event, responding to a suggestion by Economic Advisory Council to the Prime Minister’s (EACPM) part-time member and mutual fund industry veteran Nilesh Shah.
Closely associated with cricket administration for long, he also highlighted how countries like Australia and England have legalised betting. This has led to thousands of crores in revenue flowing in to the exchequer and this money is often utilized on development of sports besides undertaking other developmental works.
What Thakur has suggested definitely needs to be looked into. To weed out the scourge of match fixing and zero in on those engaged in this activity, legalization of betting could indeed become a potent tool.
ALSO READ: Seema Dhaka becomes first Delhi Police officer to get out-of-turn promotion for tracing 76 missing children