Online Gambling

ED had earlier conducted search operations at four premises in Gurugram and Jind, linked to Probo and its promoters. It had frozen fixed deposits and shares amounting to Rs 284.5 crore, along with three bank lockers.

Karnataka plans regulatory authority to license real-money gaming, ban online betting

Karnataka’s draft bill seeks to prohibit all forms of online betting, wagering, or gambling involving games of chance. The Congress-led government is likely to introduce it in the upcoming legislature session.

Taming the Wild West of illegal online gambling in India

These betting platforms flout existing regulations, clearly evading direct and indirect tax laws and multiple other applicable laws of the land. Vulnerable users have fallen into the web and are getting trapped in debts

India aims to collect $1.7 billion from online gambling tax in FY25

The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking a nascent $1.5 billion industry that is backed by global investors. The government had defended the move, citing concerns about addiction.

Madras HC sets aside Tamil Nadu govt's ban on online rummy, poker; firms welcome move

The Madras High Court has restricted Tamil Nadu's online gambling law to only games of chance. The state can however make rules to regulate the time spent or age limits for skill-based games

Nagpur businessman loses Rs 58 crore in online gambling

The accused, identified as Anant alias Sontu Navratan Jain, fled just before police raided his residence in Gondia, located 160 km away from Nagpur.

Tamil Nadu gambling law: Rummy, poker startups stop users from playing real-money games

Tamil Nadu's online gambling law, which came into effect from April 21, sets the stage for a potential dispute with the Centre over regulating the burgeoning skill-based gaming industry in the country.

Online gaming rules a 'watershed' moment, say Indian startup founders

The new online gaming rules announced by the government are expected to curb the menace of illegal offshore betting and gambling websites and their surrogates and bolster investor confidence, founders say.

MP govt creates task force to examine aspects related to regulating online gambling and gaming

This task force will be headed by the state chief secretary, a government order issued on Friday said.

E-Gaming Federation to file lawsuit against Tamil Nadu's online gambling ban

The Tamil Nadu government passed an ordinance earlier this month to prohibit online gambling, classifying online rummy and poker as "online games of chance."

Tamil Nadu gambling law: Online rummy, poker firms block users from playing real money games

The Tamil Nadu government passed an ordinance earlier this month to prohibit online gambling, classifying online rummy and poker as "online games of chance."

Online gambling law | Supreme Court issues notice to gaming firms on Karnataka's plea against HC judgment

The Karnataka government moved the Supreme Court in March 2022, challenging the high court order that struck down its ban on all forms of online gaming where the transfer of money is involved

Government panel wants regulator for online gaming

The panel of top officials called for a regulatory body to monitor and classify the online gaming sector

Online gambling law: Supreme Court issues notice on TN govt plea challenging Madras HC judgement

The Tamil Nadu government had moved to the Supreme Court in December 2021 seeking a restoration of the ban on online games with stakes in the state.

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.

Online gambling ban: Karnataka govt approaches Supreme Court against HC judgement

Karnataka now joins its neighbouring state Tamil Nadu that had also filed a similar petition before the Supreme Court in November last year

Karnataka HC quashes FIR against Dream11 co-founders Harsh Jain and Bhavit Sheth

Karnataka High Court had earlier struck down the contentious provisions of the state's online gambling law as unconstitutional on February 14.

Junglee Games files petition in Karnataka HC against gambling ban

Junglee Games will be joining several real-money gaming firms MPL, Games24x7, A23(Ace2Three), and Gameskraft and skill gaming industry body All India Gaming Federation, all of whom have filed similar petitions against the Karnataka government

Karnataka gambling ban: No significant impact on Delta Corp's online skill gaming business

Online skill gaming has been a key growth area for the company in recent quarters, as the company's core businesses like its casino and hospitality business was severely impacted by Covid-19 induced lockdowns.

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 

Indian startups seek clarity over Karnataka's online gambling bill

The Karnataka government should issue necessary rules that would clearly demarcate and exempt games of skill from the amendments introduced to the Karnataka Police (Amendment) Bill, 2021, said IndiaTech.org CEO Rameesh Kailasam.

How Karnataka's online gambling bill could impact skill-based gaming startups

Karnataka government's proposed bill looks to ban all forms of online gaming where the transfer of money in digital or other electronic form is involved.

JP Morgan downgrades Zynga to neutral

JPMorgan Securities downgraded online game company Zynga Inc to 'neutral' from 'overweight'.