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    • Will US strike Iran? From Khamenei’s exit to all-out war, how online prediction markets are seeing millions in bets

      Event contracts tied to potential US strikes before January 18 and January 23 have together attracted more than 40 million dollars in trading volume over the past month.

    • Sebi likely to investigate listed companies involved in Mahadev money laundering case

      The Enforcement Directorate’s investigation centers around the claim that funds generated from the Mahadev Betting App were routed out of India and later re-invested into Indian shares through FPIs operating from jurisdictions like Dubai and Mauritius.

    • Karnataka govt will bring in new law to regulate online betting, gambling: Home Minister

      Speaking to reporters here, he said, a committee of senior officials and industry representatives has been constituted and it has been given a month's time to submit a draft of the proposed bill.

    • Actor Sahil Khan arrested in Mahadev betting app case, Ranbir Kapoor, Kapil Sharma and others summoned earlier; All you need to know about the app

      Actor Sahil Khan, who was arrested today after his plea for pre-arrest bail was denied, claimed to be merely a brand promoter and not directly involved with the app’s operational aspects. Mumbai’s Cyber Cell and the ED are carrying out the investigation.

    • FairPlay App betting app: Rapper Badshah questioned by Maharashtra Police cyber cell

      Badshah's alleged association with an online betting app has come to light, just a week after the ED filed its first chargesheet in connection with its money laundering investigation into the Mahadev betting app case that surfaced in Chhattisgarh recently.

    • Online betting ads: Govt to introduce norms to adhere to Code to Advertising in IT Rules

      The move comes after the government sent multiple advisories to platforms urging them not to host advertisements of online betting entities

    • Karnataka govt divided over 28% GST on real-money gaming

      State IT-BT minister Priyank Kharge told Moneycontrol that he would have taken up the issue had the gaming federation approached the state government earlier.

    • ED freezes 93 bank accounts, Rs 3.44-crore deposits in money laundering case against online betting

      The action was taken under the criminal sections of the Prevention of Money Laundering Act (PMLA) after the federal agency on Thursday searched five accounts held at an IDFC First Bank branch in Surat.

    • Rules to oversee online betting drafted for the first time

      The information technology ministry has published proposed rules governing apps or websites that involve an exchange of users’ money, from online casinos and card games to fantasy sports clubs.

    • BJP MP Sushil Modi demands legislation to curb paper lotteries, online betting

      During special mentions in the Rajya Sabha, he said 15 states and all union territories have banned paper lotteries but Kerala, West Bengal, Punjab and some northeastern states continue to have legalised lotteries operating.

    • No ads promoting online betting, I&B Ministry issues advisory to media

      Betting and gambling, illegal in most parts of the country, pose significant financial and socio-economic risk, the advisory stated.

    • Traders phone up gambling helplines as game-like broker apps spread

      The US market regulator is examining whether the so-called gamification of trading assists or undermines small investors 

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