Betting

The communication was issued to Ministry of Electronics and Information Technology (MeitY) by the Union Home Ministry

Will President-elect Luiz Inacio Lula da Silva end the country's decades-long ban on games of chance?

A majority of people view fantasy sports as online gaming that involves wagering, betting and gambling, a survey by online platform LocalCircles said on Monday. The survey on online gaming conducted by LocalCircles found that 91 per cent of the respondents want a ban on pesky SMSes that promote online and fantasy games. "While the Supreme Court has upheld its position and the position of the Punjab High Court in 2017 and ruled that fantasy sports are a game of skill, the public view continues to differ," the report said. In response to a question on "should online fantasy sports be considered as online gaming that involves wagering, betting and gambling", nearly 2 out of 3 respondents chose "yes", 14 per cent stated 'no' and the remaining 21 per cent gave no clear response. "In effect, for 65 per cent, out of 9,507 respondents, online fantasy sports is akin to gambling, wagering or a game of chance with risks in contrast to the position of the Supreme Court," the report ...

The winnings from games of skill attract 18 per cent of Goods and Services Tax (GST), while winnings from games of chance mandate paying 28 per cent GST

Political watchers say bookies appear to have noticed that the BJP is not facing any challenge in winning over the dominant Patel community in the state

Separate investigation on home-grown online gaming companies shows tax evasion of up to Rs 80,000 crore

The advisories were supplemented with evidence of direct and surrogate ads of betting websites such as Fairplay, PariMatch, Betway, Wolf 777, and 1xBet.

The ministry said it had issued a similar advisory on June 13, asking newspapers, private TV channels, and digital news publishers to refrain from publishing ads of online betting platforms

In June, the I&B Ministry had first issued its directive on online betting ads, saying that gambling was illegal in most parts of the country

The Centre on Monday issued advisories to news websites, OTT platforms and private satellite channels asking them to refrain from carrying advertisements of offshore betting sites. ...the private satellite television channels are strongly advised to refrain advertisements of online offshore betting platforms and/or their surrogate news websites or any such product/service depicting these platforms in a surrogate manner, the Ministry of Information and Broadcasting advisory said. It also warned private satellite television channels of penal action under applicable laws for violation of the advisory. In a separate advisory to publishers of news and current affairs content on digital media and OTT platforms, the ministry issued a similar directive and asked them not to target such advertisements towards the Indian audience.

The Council is expected to meet next month to take up the panel's report on the issue

Company's announcement is of interest to real-gaming app developers as online skill-based real-money gaming market grows

The winners of online games will have to pay taxes at the rate of 30 per cent without any rebates or 25-30 per cent on taxes and the interest due

The I&B ministry advised the print, electronic and digital media to refrain from advertising betting platforms, saying betting and gambling are illegal and pose significant financial risks

Five persons were arrested in connection with a cricket racket operating from Eden Gardens while the IPL match between RCB and LSG was underway

India is probing betting apps run by Chinese operators, which collected more than Rs 1,000 crore over the past 10 months, for allegedly laundering part of money through the WazirX cryptocurrency

Sameer Barde, CEO, The Online Rummy Federation, tells Dhruv Munjal that a common regulatory body is a must, while arguing that the negative perception around real-money games in now changing

Atletico Madrid appealed to the Court of Arbitration for Sport on Tuesday to suspend Kieran Trippier's ban for breaching betting rules

FIFA on Monday officially rejected Atletico Madrid's appeal against England defender Kieran Trippier's 10-week betting ban."The FIFA Appeal Committee has dismissed the appeal lodged by the club Atletico Madrid in a case concerning the player Kieran Trippier. As a consequence, the decision of the FIFA Disciplinary Committee passed on December 23, 2020, is confirmed, extending sanctions imposed on the player by the English FA to have worldwide effect," the football's governing body said in a statement.Earlier in the month, Trippier's ban was put on hold by FIFA following an appeal from Atletico Madrid.The defender's offences took place in July 2019, while he was still on the books of Tottenham Hotspur, but Atletico attempted to get the decision overturned by taking an appeal to FIFA.On December 23, Atletico defender was suspended for ten weeks by the FA for breaching anti-betting rules. Along with this suspension, he has also been handed a 70,000 euros fine following misconduct in ...

England and Atletico Madrid defender Kieran Trippier was banned from football for 10 weeks and fined 70,000 pounds (USD 94,000) on Wednesday by the English FA for breaching betting rules