Haha i can believe this news is true not a joke
As i know indian government not allowing gambling in their country it's because against the indian religious
And if i'm not wrong indian government warning to their people to carefull using cryptocurrency because they compare gambling investment because of high volatile movement
In the whole world the biggest number of gambler are Indians. Gambling is a big industry in India and I think this is the main reason that the government legalized gambling there. Bookies may pay tax on their income and is it also good for their government. Gambling should not be controlled anywhere in the world, so its better to legalize it and impose tax on it.
Ya it is true that India is having a big gambling industry and in cricket IPL their is more then 10k Crore of value of trading is going on and that too illegally so think it it becomes legal then how much tax government can get through it.