OFFSHORE BETTING APPS
ED searches offices linked to Fairplay app over 'financial fraud' The Enforcement Directorate (ED) Thursday said it conducted searches on multiple locations in connection with its probe on an offshore illegal betting application, Fairplay. The said app was allegedly involved in illegal broadcasting of cricket matc...
14 Jun, 2024, 12.28 AM ISTOperators of illegal betting apps moving from Dubai to Sri Lanka As Dubai's scrutiny intensifies on the online gambling empire Mahadev, illegal betting operators are relocating to Sri Lanka. Offshore call centers and offices, crucial for these betting apps, are being established there. Staff running multiple bett...
04 Jun, 2024, 01.23 AM ISTIf Modi is re-elected, these sectors will get his most attention Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure d...
22 May, 2024, 02.22 PM IST- ADVERTISEMENT
Denied tickets, betting sites still vie for seats in poll arena Offshore betting apps in India allow users to bet on elections using rupees. Criminals use mule accounts for money laundering, evading taxes. Gaming experts noted a smaller scale of betting in the 2019 general elections.
09 May, 2024, 06.01 AM ISTChhattisgarh EOW registers FIR against ex-CM Baghel, others in Mahadev betting app case Chhattisgarh's Economic Offences Wing (EOW) initiated a case against ex-Chief Minister Bhupesh Baghel and others in the alleged Mahadev online betting scam, based on a report submitted by the Enforcement Directorate (ED). Baghel and app promoters fa...
18 Mar, 2024, 11.45 AM ISTCryptocurrency comeback: Indian exchanges shine amid offshore challenges What started out as a crypto freeze is showing signs of thaw. But can volumes regain levels they once saw? And can platforms like Binance make a comeback in India? ET decodes the latest developments and what they mean for the Indian market.
28 Jan, 2024, 06.01 AM ISTCobranded credit card rush; threat of complete ban on offshore crypto apps Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in today’s ETtech Morning Dispatch
12 Jan, 2024, 07.52 AM ISTIndia's government blocked 174 betting and gambling sites The Indian government has blocked 581 applications, including 174 betting and gambling app, Pankaj Chaudhury, the minister of state for finance, told the parliament on Monday. Some prominent platforms operating illegally include Parimatch, Fairplay,...
11 Dec, 2023, 03.48 PM ISTOffshore betting ads concerning, says ASCI amid increased scrutiny on betting apps The Advertising Standards Council of India (ASCI) has expressed concerns over the advertising of betting apps featuring well-known celebrities, as scrutiny on such apps and their links to celebrities widens. ASCI emphasized that betting is illegal i...
15 Nov, 2023, 01.01 PM ISTGovt bans Mahadev, 21 illegal betting apps; cyberattacks against India spike Controversial betting app Mahadev is among 22 illegal betting apps that the government ordered to be blocked on Sunday, following an investigation and raids by the Enforcement Directorate (ED). This and more in today’s ETtech Morning Dispatch.
06 Nov, 2023, 08.01 AM ISTWhy hasn't Centre arrested Mahadev betting app promoters despite lookout circular, says Baghel In its press note, the Enforcement Directorate (ED) claimed that a forensic analysis and a statement made by a 'cash courier' had led to "startling allegations" that the promoters of the Mahadev betting app paid about Rs 508 crore to the Chhattisgar...
04 Nov, 2023, 06.19 PM ISTOffshore egaming apps try no-GST ploy to woo users; Binny Bansal’s Curefoods push Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets won’t be taxed under the 28% slab of the Goods and Services tax (GST). This and more in today’s ETtech Morning Dispatch.
31 Oct, 2023, 07.59 AM ISTOffshore gaming apps lure users with ‘No GST’ carrot Most of these apps are now trying to win over customers, advertising that bets placed on their platforms would not face any GST, people in the know told ET.
31 Oct, 2023, 06.01 AM ISTOffshore real money gaming apps lure users with 'No GST' carrot India-based real money gaming (RMG) applications are challenging a tax demand of over ₹1.5 lakh crore from the Directorate General of GST Intelligence (DGGI). Meanwhile, offshore RMG apps are actively advertising that they do not attract GST, taking...
31 Oct, 2023, 12.13 AM ISTGovt plans stricter rules to deter betting apps; Indian cricket jerseys fly off ecommerce shelves To curtail the spread of illegal online gambling and betting via offshore platforms in the country, the Centre is planning to tighten the rules, especially on UPI payments. This and more in today’s ETtech Top 5.
16 Oct, 2023, 07.56 PM ISTCentre planning to raise odds against illegal betting companies The government found as many as 114 illegal betting and gambling platforms operating in India through domain farming, people aware of the details told ET.
16 Oct, 2023, 06.01 AM ISTED summons Bollywood actor Ranbir Kapoor in an illegal betting app case The Enforcement Directorate (ED) has summoned Bollywood actor Ranbir Kapoor for his alleged involvement in the Mahadev Book App illegal online betting case. The ED claims that Kapoor endorsed the app on social media and received payments from it. Th...
06 Oct, 2023, 10.42 AM ISTED summons Kapil Sharma, Huma Qureshi, and Hina Khan in Mahadev online betting app case The Enforcement Directorate has summoned Kapil Sharma, Hina Khan, and Huma Qureshi in connection with the Mahadev online betting app case. Several other celebrities and actors are also under investigation. The app, operated from Dubai, allegedly use...
05 Oct, 2023, 10.09 PM ISTA Rs 200 cr wedding that opened gates to a Rs 5,000 cr scam: The men behind Mahadev betting app The Enforcement Directorate (ED) in India has summoned Bollywood actor Ranbir Kapoor as part of its probe into the Mahadev Book App case, involving illegal online betting. The ED suspects the total amount involved to be over Rs 5,000 crore. Several ...
04 Oct, 2023, 07.10 PM ISTED seizes Rs 417 crore in connection with betting app Mahadev; what we know about the case so far The Enforcement Directorate has seized assets worth Rs 417 crore from locations linked to the betting app Mahadev. The app, started by Sourabh Chandrakar and Ravi Uppal, is accused of aiding illegal betting websites and laundering money through bena...
04 Oct, 2023, 04.35 PM IST