Kashmiri youth wins Rs 2 crore jackpot

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Aljazeera

India hits online gaming with 28% tax

Concerns have mounted over possible addiction and financial losses for players even as sector draws investors. India's government says it will impose a 28 percent tax on funds that online gaming companies collect from their customers in a setback to the $1.5bn industry. Gaming apps are often endorsed by sporting heroes in India, where cricket is a…

Industry ・ 12 July 2023

Gambling News

India Introduces Online Gambling Legislation

Image Source: Shutterstock.com On Monday, the Indian government proposed the rules, which will be part of the Indian Intermediary Guidelines and Digital Media Ethics Code, due to concerns over the rising number of complaints of gambling addiction, especially among minors. For the first time, these regulations will oversee aspects of online gambling…

Law ・ 12 January 2023

Brand Equity

online gaming regulations: Government plans complete oversight of all real-money online games: sources

Indian government's planned regulation of online gaming will apply to all real-money games after the prime minister's office overruled a proposal to only regulate games of skill and leave out games of chance, according to a government document and three sources. The much-awaited regulations are seen shaping the future of India's gaming sector which…

Law ・ 22 December 2022

bwdisrupt.businessworld.in

Four I Gaming Apps That Let You Win Real Money

As we move towards the last month of this year, festivity has already started with people looking out for new places for year-end trips, and events to be looked out for for Christmas & New Year celebrations. Start your early Christmas & New Year celebration by playing games and winning real money that you could utilise in planning year-end parties…

Sports ・ 28 November 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

US Sports

Indian group calls for cap on online gambling entry fees amid regulatory pressure

The growing popularity of real-money gambling, fueled by support from major cricketing figures, a sub-continental craze, has prompted regulatory efforts to tackle the risk of addiction, and reports of financial loss and suicides among young people. These games could represent up to 53% of a games market that is expected to reach $7 billion by 2026,…

Sports ・ 21 September 2022

US Sports

Skill or chance: Indian panel calls for regulator and new law for online gambling

Prime Minister Narendra Modi's panel of senior officials has been drafting regulations for the country's online gaming sector for months, where foreign investors such as Tiger Global and Sequoia Capital have backed gambling startups Dream11 and Mobile Premier League, very popular for fantasy cricket. The highly anticipated report is seen as key to…

Law ・ 15 September 2022

Asia Financial

India Calls for Online Gaming Crackdown

An Indian government panel said the country should create a regulatory body for online gaming to crack down on gambling and addiction. The confidential draft report calls for the creation of a new regulatory body under India's IT ministry to determine which online games qualify as games of skill and which are closer to chance-based gambling. India…

Industry ・ 15 September 2022

Mint

I-T dept's idea of gross winnings can kill online gaming

Recent reports indicate the Department of Income Tax is taking a look at the online gaming industry, and trying to assess possible tax evasion. Nitin Gupta, Chairman CBDT, has said a single online platform had ₹58000 crore in "gross winnings" over the last three years and the IT Dept is contacting winners to ask them to pay up tax dues. The…

Winnings ・ 07 September 2022

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Dream Team Cric

Are betting exchanges the future of online gambling in India?

The online betting market in India has obviously taken off in the last few years, with more and more cricket fans who prefer to not only watch their favorite teams play but also like to wager on the results of the matches, based on their own knowledge and experience. Fantasy gaming and cricket betting are the way to go for most players - with…

Strategy Guide ・ 26 August 2022

CBS 8

What happens if no one claims Mega Millions jackpot?

Unclaimed jackpot prizes aren't uncommon, though many may question why someone would miss the opportunity of becoming a millionaire overnight. WASHINGTON - It's been nearly four weeks since the Mega Millions $1.337 billion prize found its match in a single Illinois ticket, but no one has come forward to claim the life-changing jackpot. Rules for…

Winnings ・ 25 August 2022

News9 Live

Online Gaming or Online Gambling: Delhi HC issues notice to Central, Delhi Government on plea to regulate online gaming

Delhi High Court has issued summons to the Government of India and the Delhi Government on a petition seeking to regulate online gaming by establishing a regulatory panel to distinguish between a game of skill and a game of chance and decide what is legal. While issuing notice, a Division Bench of Acting Chief Justice Vipin Sanghi and…

Law ・ 26 May 2022

The Siasat Daily

Dream 11: Kashmiri youth wins Rs 2 crore jackpot

Srinagar: A youth from Jammu and Kashmir's Anantnag district became a millionaire overnight by winning Rs 2 crore in the online fantasy cricket platform Dream11. Belonging to Shalgam village in the Bijbehara area of Anantnag district, Waseem Raja said he can now treat his ailing mother. "I was fast asleep on Saturday late night, when some friends…

Winnings ・ 22 May 2022

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Telangana Today

Dream11: Kashmiri youth wins Rs 2 crore jackpot

Srinagar: A youth from Jammu and Kashmir's Anantnag district became a millionaire overnight by winning Rs 2 crore in the online fantasy cricket platform Dream11. Belonging to Shalgam village in the Bijbehara area of Anantnag district, Waseem Raja said he can now treat his ailing mother. "I was fast asleep on Saturday late night, when some friends…

Winnings ・ 23 May 2022

Outlook

28 Percent GST On Online Gaming? Industry Reckons May 18 Could Be 'Doomsday'

May 18 could be D-Day for the online gaming sector. More specifically, for the real money gaming domain that operates in India in various "skill-based" forms like fantasy cricket, rummy, poker, roulette, ludo, and even snakes and ladders! () For years, the Centre has deflected the issue of gambling/betting to the states under whom the matter lies…

Industry ・ 17 May 2022

Punjab News Express

How a Punjab Lottery Winner Almost Losing ₹2 Crore Suggests Online Lottery is Way Better

Something like this was about to happen to a police constable in Punjab who won ₹2 Crore in the New Year Lohri Bumper draw of the Punjab State Lottery. In August 2019, Ashok Kumar, a 30-year-old constable with the Punjab Police found out he had bagged that incredible prize money and became a millionaire overnight. However, to his utter dismay, he…

Lottery ・ 23 February 2022

Mint

What to keep in mind while playing real money games online

Will India cross 5 crore covid cases? Will bitcoin be priced at ₹31,00000 at midnight of 2 February 2021? Will U Mumbai beat the Patna Pirates at Kabaddi? These are some of the questions that Better Opinions, a 4-month old startup with around 1.5 lakh downloads allows people to trade on. Better Opinions is backed by Y Combinator and recently raised…

Sports ・ 15 February 2022

Money Control

Karnataka HC strikes down state's online gambling law as unconstitutional

February 14, 2022 / 11:32 AM IST The Karnataka High Court, on February 14, struck down the state's recent online gambling law as unconstitutional, providing a major relief to the skill-based gaming firms that had shut down operations in the state. This judgement will likely pave the way for fantasy sports and gaming fifirms such as Dream11, Mobile…

Law ・ 14 February 2022

Money Control

Karnataka HC Concludes Hearing, Reserves Judgement In Online Gambling Ban Case

December 22, 2021 / 08:43 PM IST The Karnataka High Court has reserved its judgement after concluding the hearings from a series of petitioners that included industry associations, gaming companies and individuals who had challenged the constitutional validity of the state's new online gambling law that came into effect on October 5. Skill gaming…

Sports ・ 23 December 2021

Inc 42

Exclusive: MPL Moves Office To Delhi Post Online Gambling Ban

MPL's shareholders have approved the shifting of the company's registered office in Bengaluru's Hobli to Delhi's Barakhamba Road Following the ban, MPL was one of the first fantasy sports platform to have pulled the plug on its operations Last month MPL entered the unicorn club after raising $150 Mn in its Series E round from Legatum Capital,…

Sports ・ 27 October 2021

Inc 42

Everything You Need To Know About Karnataka's Ban On Online Gaming

The online gaming industry has the potential to generate $2 Bn in revenues by 2023 and is currently valued at $1 Bn+ Despite the boom, Indian states are undecided on the legalisation of online gaming due to the indecisiveness of what comprises a game of skill or a game of chance While the governments of Karnataka, Kerala, Tamil Nadu, Odisha and…

Strategy Guide ・ 03 November 2021

The Indian Express

Days after ban on online gambling in Karnataka, case lodged against Dream 11

Days after the Karnataka government notified amendments to the Karnataka Police Act, 1963, which seeks to ban online gaming and curtail online gambling, a case has been registered against Dream 11, an online fantasy sports platform in Bengaluru. This is probably the first case registered after modifying the law to curb online gaming. On October 7,…

Sports ・ 09 October 2021

TalkEsport

Karnataka Proposes Ban on Online Games Involving Betting and Gambling

The government of the Southern State of India - Karnataka, Home to India's Silicon Valley aka Banglore, has proposed a law to ban online games and gaming activities involving elements of wagering and gambling in an effort to curb the increasing gambling addiction among the rural youth population. The Karnataka government has moved a bill proposing…

Law ・ 04 October 2021

Sportzwiki

Top 10 Online Casinos in India for Sports Fans

Online casinos in India are the best option for any player to choose. They offer you a plethora of games to choose from and then play with those. There are various benefits that a person receives at an online casino, such as various bonuses. You can easily play some sports themed games and withdraw your winnings within no time. When you compare…

Top and Best ・ 25 June 2021

Nikkei Asia

India's online gambling problem spurs calls for regulation -Nikkei Asia

NINAD D SHETH, Contributing writer NEW DELHI -- The coronavirus pandemic has left many in India stuck at home during a series of total and partial lockdowns, and such isolation, combined with some of the world's cheapest internet rates, has made it both tempting and easy to gamble online. For Arindam Mukharjee, a media professional, playing poker…

Law ・ 01 June 2021