All of my Indian friends tend to be hot on gambling, perhaps it's a cultural thing, perhaps somebody could elucidate?
I think that when gambling is deep rooted into society, attempts to ban it are just going to lead to an underground gambling ring, pretty much like that which was seen with India.
Legalizing it and thoroughly regulating it seems to be the smart and pragmatic approach.
It's not a cultural thing but, gambling has a remarkable influence in the history of India. It is obvious that Indian people really likes to gamble and crypto just fueled the interest by offering anonymous bets. If government is going to regulate and make it legal. It would be good for the country as they can't do much against the underground gambling.