India ban Online gambling A billion-dollar industry has been shut down to serve millions of people and captured sponsor Member of the national cricket team.
But players say those determined to bet will find a way to get to overseas and unregulated sites, while fans of the Fantasy Sports app can still play prizes, despite prizes rather than cash.
Adarsh Sharma, an advertising professional who often plays fantasy sports games, said sea sites will “suddenly see the boom” as Indian gamblers are looking for solutions.
“The habits that have been formed cannot break easily,” he said. “It’s an addiction and people will find ways to gambling.”
Indian Parliament last month pass Government figures show that a whip law banning online gambling shows that companies divest $2.3 billion from 450 million people each year.
Officials say the rapid spread of these platforms has caused widespread financial distress, addiction and suicide, but also linked to fraud, money laundering and financial terrorism.
The law has been challenged in court on top online card game platforms.
The ban has affected websites and apps for card games and fantasy sports – including the popular fantasy cricket in India – and criminals now face up to five years in prison.
Online gamblers in India will have to use virtual private networks (VPNs) to spoof overseas websites to think they are not in the country and also use proxy credit cards to place bets.
For ordinary Internet users, the whole process seems too cumbersome, but gamblers know how to avoid the rules.
A fan told AFPask not to be named. “We’re going to go back to the old ways of making money.”
“Love or Cricket”
Technical Minister Ashwini Vaishnaw said the law is separated and it is still legal E-sports “From betting, gambling and fantasy currency games, leveraging users with false profit commitments”.
Dream11 (with the world’s largest fantasy sports platform with 260 million users) released the “Cash Games and Competitions have been discontinued.”
Now, it will offer prizes like cars, phones and refrigerators.
Dream11 also reached a $43 million contract with the BCCI of India (BCCI), whose logo no longer splashes on the jerseys of Indian players.
Jamshed Noor, butcher in the capital Delhi, said his highest victory was 600 rupees (about 7 US dollars), and his daily wages were for workers.
“We play for the love of cricket,” Noel said. “Money is definitely an attraction, but I’m still playing, even though money isn’t on the table right now.”
The law will also shake the wider sports industry, including the huge Indian Premier League (IPL) cricket match.
“Fantasy Platforms are the most aggressive advertisers in IPL and World Cricket,” said Karan Taurani of Elara Capital, adding that they will feel the overseas market now.
Santosh N, or D and P Advisory estimates that Fantasy Sports and crypto platforms account for 40% of IPL broadcasters this year.
Santosh told AFP.
This will affect broadcasters’ revenue, which means the league has less cash.
“When BCCI renews media rights in 2027, it’s likely that this will see lower renewal premiums because broadcasters are no longer paying that much,” he said.
