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Legal Matters | Ban on activities deemed undesirable is lazy legislation. Governments must do better
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In the 2020-21 season, 10 out of the 20 football clubs in the English Premier League (EPL) were sponsored by a gambling/betting company. This same year, Dream11, a fantasy gaming company, became the title sponsors of the Indian Premier League (IPL), arguably the hottest cricketing property. MPL, another such company, sponsors the Kolkata Knight Riders, while WazirX, a cryptocurrency exchange, sponsored the recent India-Sri Lanka cricket series.
For nascent business-models, the exposure helps. CoinSwitch Kuber, another cryptocurrency platform, claims that its subscriber base grew 3.5x after its IPL ad-blitz.
The government, of course, would have none of that. Over the past year, several states, such as Tamil Nadu, and Karnataka, have banned
Read more on moneycontrol.comAbout this in other media
Is a ban even possible on private cryptocurrencies? moneycontrol.com /2 years ago
Cryptocurrency won’t be legal tender by any means: Finance Secretary TV Somanathan cnbctv18.com /2 years ago
Experts divided on how far India's 'private crypto' ban will go cointelegraph.com /2 years ago
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