The apex court had mandated the LCI to undertake such a study after the Justice Lodha Committee recommendations that betting should be legalised by law.
Sanjay Singh, member secretary of the LCI, in a letter to the BCCI's member associations, said that owing to the "intertwining nature" of betting and gambling, they would examine both of them.
"While the Law Commission has been reaching out to the various stakeholders to seek their observations and suggestions, it considers that the views of your association will be valuable in formulating its recommendations on betting," ESPNcricinfo quoted Singh as saying in the letter.
"I would, therefore, request you to forward the views of the association on the matter to the Commission at the earliest, as we would like to submit our report in line with the directions of the Supreme Court, at an early date," he added.
The Supreme Court-appointed Lodha Committee, in its report in January 2016, had recommended the legalisation of betting in Indian cricket.
"We have suggested to the legislature for legalising betting with in-built mechanism and ensuring that players, match officials, administrator, team officials...will not be entitled to indulge in betting," Justice (Retd.) R.M Lodha, who headed the panel, had said.
The Committee, in its report, had stated that many respondents appearing before it were of the view that legalising betting would benefit both the sport and the country's economy.
However, a BCCI official has said that legalising betting and gambling was a complex argument.
"If you want to do it and make it successful, there is a lot to be done because it can't be half-baked," said the official....