The Economist had an interesting online debate on whether there should be legal restrictions on gambling. The debate can be accessed here. Though most issues were argued keeping in mind the sentiments of Americans, the arguments were nonetheless convincing. The debate was ultimately decided in favour of allowing gambling without restrictions (though by a very small margin), vindicating the consistent stand taken by us.
While in India there is considerable consensus that gambling laws should be reformed, it would be interesting to know the readers views on allowing gambling with minimum government control through comments and suggestions.