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Gamble trusts in India operate within a complex legal framework that varies across different states and union territories. While gambling is largely prohibited under the Public Gambling Act of 1867, certain forms of gambling such as horse racing and lotteries are permitted under specific regulations.
The establishment of gamble trusts requires careful consideration of state-specific gambling laws. States like Goa, Sikkim, and Daman have more liberal gambling regulations that allow for licensed casinos and gambling establishments. These trusts must comply with strict licensing requirements and operational guidelines. 
Indian gamble trusts face significant regulatory challenges, including anti-money laundering compliance, responsible gambling measures, and taxation requirements. The Foreign Exchange Management Act （FEMA） and Prevention of Money Laundering Act （PMLA） impose additional obligations on these trusts when dealing with foreign investments or high-value transactions.
Recent legal developments have seen increased scrutiny on online gambling platforms and their trust structures. The Supreme Court of India has consistently upheld states\“ rights to regulate gambling within their jurisdictions, leading to a patchwork of regulations across the country. |
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Post time 2025-10-10 13:06:14