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India's gaming fans eye illegal sites after gambling ban
India's online gambling ban affects 450 million users, leading to a $2.3 billion annual loss and forcing many to use VPNs to access illegal overseas sites, officials said.
- Last month, India’s parliament enacted legislation prohibiting internet-based betting on card games and fantasy sports, with violators subject to penalties of up to five years’ imprisonment.
- The ban targeted a lucrative industry valued in the billions that catered to 450 million users and was associated with problems such as addiction, deceptive practices, illicit financial transactions, and the funding of terrorism.
- Dream11, a leading fantasy sports service with a user base of 260 million, terminated its $43 million sponsorship agreement with the BCCI and discontinued cash-based games.
- Fantasy platforms made up to 40 percent of IPL advertising revenue this year, but analysts warn ad spends and media rights values will decline significantly by 2027.
- Despite the ban, addicted gamblers will likely use VPNs and proxy cards to access overseas sites, causing a potential boom for offshore platforms and challenges for enforcement.
Insights by Ground AI
42 Articles
42 Articles
Coverage Details
Total News Sources42
Leaning Left7Leaning Right9Center9Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 28%
C 36%
R 36%
Factuality
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