Just passing through and saw this thread—interesting discussion. I hadn’t really considered how much revenue the government might be missing out on by not regulating the space. Feels like one of those “modern problems meets outdated laws” situations. I’m curious to see how this evolves in the next few years, especially as more countries take clear positions on it. Thanks for sparking the thought.

That’s a really fair point, and a lot of experts are starting to say the same. The unregulated space is huge, and legalizing it could actually bring structure and consumer protection. I recently came across a great article that discusses this exact topic: https://nenow.in/article/rupee-revolution-online-sports-economic-impact-on-india.html. It explains how proper regulation can unlock significant tax revenue and employment opportunities while addressing the risks that arise from operating in a legal vacuum. Additionally, with increased transparency, it may reduce fraud and shady practices. Personally, I think it’s just a matter of time—digital markets move fast, and policy usually catches up eventually.