India Uncut

This blog has moved to its own domain. Please visit for the all-new India Uncut and bookmark it. The new site has much more content and some new sections, and you can read about them here and here. You can subscribe to full RSS feeds of all the sections from here. This blogspot site will no longer be updated, except in case of emergencies, if the main site suffers a prolonged outage. Thanks - Amit.

Tuesday, September 27, 2005

Bookies and match-fixing

No, not cricket, but riots.

My solution is the same. People should be allowed to legally bet on anything they want. If you don't allow them to, they'll do it anyway, and the underworld will be the enabler. More chances of hera-pheri there.

Also, by legalising betting one can actually also enable prediction markets, which have many practical and theoretical benefits. For more on that subject, check out a fine book called "The Wisdom of Crowds" by James Surowiecki.
amit varma, 1:59 PM| write to me | permalink | homepage

I recommend: