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Indian government probes 642 offshore gambling companies for tax evasion India RegulationThe Indian government has launched an investigation into 642 offshore entities involved in online gaming, betting, and gambling for alleged tax evasion, Minister of State for Finance Pankaj Chaudhary informed Parliament on Monday.December 20, 2024 -
Indian government blocks 692 gambling websites between 2022 and 2024 India RegulationThe Indian government has blocked 692 betting and gambling websites from 2022 to 2024 under the Information Technology Act, as confirmed by Jitin Prasada, the Minister of State for Electronics and Information Technology.December 8, 2024 -
India's GST authorities target cryptocurrency platforms, uncovering ₹824.14 Crore in tax evasion India CryptocurrenciesIndian authorities have initiated a significant crackdown on cryptocurrency exchanges, booking a total of 17 platforms for Goods and Services Tax (GST) evasion amounting to ₹824.14 crore.December 2, 2024 -
Goa set to unveil India's first online lottery on November 24 India LotteryThe Goa government is set to launch India's first fully online lottery, named "Great Goa Games," with the inaugural draw scheduled for November 24, 2024.November 16, 2024 -
World Poker Tour expands Its reach in India with PokerBaazi partnership IndiaThe World Poker Tour partners with India’s biggest poker platform, PokerBaazi, to provide PokerBaazi players with exclusive opportunities to and a the WPT experience.November 9, 2024 -
India online gaming faces money laundering risks, Digital India Foundation warns India Market analysisA recent report by the Digital India Foundation (DIF) titled “Combating Money Laundering in the Online Gaming Ecosystem” has raised concerns about fraud, money laundering, and terrorism financing in India's expanding online gaming industry.October 27, 2024 -
Binance aids ED in busting major online gaming scam in India India CryptocurrenciesIndia's Enforcement Directorate (ED) has arrested four individuals linked to the Fiewin online gaming app, which defrauded users of over ₹400 crore (approximately $47.6 million).October 5, 2024 -
Indian online gaming sector sees $822 million revenue surge after GST implementation India Market analysisIndia's implementation of a 28% Goods and Services Tax (GST) on online gaming has led to a remarkable revenue increase, generating ₹6,909 crore (approximately $822 million) in just six months.September 22, 2024 -
Chainalysis reports India leads Global Crypto Adoption for second year India CryptocurrenciesChainalysis, a leading blockchain analytics firm, has released its 2024 edition of the Global Crypto Adoption Index, ranking India as the top country for cryptocurrency adoption for the second consecutive year.September 18, 2024 -
GNLU report calls for unified regulation of India’s booming online gaming industry India RegulationRecent report from the Gujarat National Law University (GNLU) underscores the urgent need for a cohesive legal framework to govern this rapidly expanding sector.September 6, 2024
