The law commission of India, which has been studying the feasibility of sports gambling, has clubbed virtual currency with other legally accepted modes of payments.
These methods used for settling online transactions can also be used for betting on sports if and when made legal. Lets see the court decision in September.
The law commission of India is eager to study the feasibility of sports gambling which is clubbed virtual currency with other accepted mode of payment. This is going to be really huge for the cryptocurrency world incases of this scenario is going to happen in future, the method is used for settling online transactions which can be used for being in IPL (Indian Premier League). The gambling transaction should be made cashless the commission had recommended in its report submitted to the supreme court of India earlier this month. You can download the report here
http://lawcommissionofindia.nic.in/reports/Report276.pdf