Is it Legal?
Gambling is generally illegal in Nepal, and the laws regarding gambling are not well-defined. According to the Nepal Law Commission, gambling is a crime under the Nepal Penal Code, but the law does not provide a clear definition of gambling. There are some exceptions to this rule, such as lotteries and horse racing, which are regulated by the government. However, these exceptions may not apply to other forms of gambling, such as sports betting or online gambling. It is best to check with local authorities or a lawyer to determine the legality of betting in Nepal.
What is a gambling business, anyway?
A gambling business is a business that involves the act of gambling or the operation of a facility for gambling. Gambling is the act of wagering money or something of value on an uncertain event, with the hope of winning additional money or other rewards. Gambling businesses can take many forms, such as casinos, bingo halls, lottery ticket sales, sports betting, and online gambling. These businesses usually make their profits by taking a percentage of the money wagered by customers, known as the “house edge.” Gambling businesses are regulated by various laws and agencies in different jurisdictions. In some places, gambling is legal and regulated, while in others it is illegal or only allowed in certain circumstances. It is important to understand the laws and regulations that apply to gambling businesses in a particular jurisdiction before starting or operating one.
Can I start a sports betting business in Nepal?
No. As mentioned earlier, gambling is generally illegal in Nepal, although laws regarding gambling are not well-defined. Starting a business that engages in illegal activities is generally not advisable, as it can result in criminal charges and fines.
If this is illegal, then how are some betting business operating inside Nepal?
They are in operation until the government officials finds about them. Once, the concerned authorities find about such activities, they will prosecute the lawbreaker and take legal actions. It is not advisable to engage yourself in any way or form in such illegal activities. Nepal Police has been arresting the betting operators or helpers during major sporting events like the football World cup or IPL tournament.
