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While it generates revenue for governments through taxes, it also incurs substantial costs, including Increased crime Gambling addiction can fuel criminal activities, leading to higher rates of theft, fraud, and even violence.
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How Are Online Gambling Winnings Taxed.
The debate surrounding the legalisation of gambling in India is a complex one, with strong arguments on both sides.
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Licensing The Foundation of Legitimate Online GamblingTo operate legally in the UK, online gambling operators must obtain a license from the Gambling Commission.
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Additionally, enforcing existing laws and implementing stricter penalties for operators of illegal gambling platforms are essential to curb this growing problem.
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