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In the past, bookies worked almost exclusively over the phone. Today, the Accountant uses a website originating out of Costa Rica that offers everything that can be found on legal companies¡¯ apps and sites. ¡°It¡¯s the same exact up-to-date lines,¡± he says. The Accountant believes there are several reasons people still use him. One is that he doesn¡¯t send customers a 1099 at the end of the year for tax purposes, like gaming companies do. Another is that he gives out gifts, like free bets, at Christmas. And he develops relationships with his bettors, so that if they can¡¯t pay one week, he might grant them some extra time.
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Some names in this story have been changed at the sources¡¯ request.
A government panel recently released a draft that proposes the establishment of a regulatory framework for online gambling in India, according to Reuters. It recommends stricter rules against online gambling.
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