The notorious lottery prize scams have made a comeback, posing a serious threat to the online gaming community. The Telangana State Cyber Security Bureau (TSCSB) reported a surge in complaints, with 15 cases in January alone. Fraudsters are cunningly exploiting the excitement of potential lottery prizes, disguising their schemes as promotions hosted by popular e-commerce […]
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The Directorate of Enforcement (ED) has launched an extensive investigation into Paytm since 2021, uncovering potential connections to money laundering and illicit betting, according to informed sources. Economic Times reported that Revenue Secretary Sanjay Malhotra announced on Saturday that the ED would delve deeper into Paytm Payments Bank if new allegations of fund siphoning emerge. […]
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The Directorate General of GST Intelligence (DGGI) has launched an investigation into Mahadev Online Book and its promoters for potential violations of GST rules and non-payment of taxes. The banned app, currently under scrutiny by the Enforcement Directorate and police in multiple cities, including Mumbai and Hyderabad, faces allegations related to money laundering, illegal betting, […]
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In the Mahadev App and money laundering case, the Special Court in Raipur has remanded the accused, Nitin Tibrewal and Amit Agrawal, to 14 days in judicial custody. After completing their 13-day judicial custody on Saturday, both were presented before the Special Court in Raipur through video conferencing. News 36 Live reported that after hearing […]
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Union Revenue Secretary Sanjay Malhotra in a post budget interview to CNBC TV18 said he was hopeful of a resolution of issue pertaining to retrospective tax dues in the money gaming sector including by way out of court settlement. Responding to a query if the department is exploring out of court settlement, he said that […]
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In a collaborative move aimed at knowledge development, research, and capacity building in gaming and technology policy, the E-Gaming Federation (EGF), India’s prominent skill-gaming industry body, has entered into a Memorandum of Understanding (MoU) with the National Law University (NLU), New Delhi, a leading law institution in the country. The MoU, signed on 2nd February […]
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The Society Against Gambling Trust (SAG) has taken an active stance against illegal offshore betting activities, urging Finance Minister Nirmala Sitharaman to initiate a comprehensive inquiry into the alleged activities of Prosportive Wear Private Limited, an affiliate of the illegal offshore betting website ‘Parimatch.’ In a formal letter addressed to the Finance Minister dated 1st […]
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A tourist from Chhattisgarh lodged a police complaint against a person for a suspected scam involving ₹10 lakh at an offshore casino in Panaji. The accused, posing as a deputy collector from Ahmedabad and hailing from an affluent family, reportedly tricked the tourist into lending him gaming chips, promising to repay if he lost the […]
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Rario, the cricket non-fungible platform (NFT) backed by Dream11 parent Dream Sports, has decided to maintain its current rewards program following backlash from users who faced losses on their investments. Contrary to their earlier announcement of shutting down the platform on January 29, 2024, the company has now revealed its intention to continue allowing users […]
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