Harshad (42), Shamsu (45), Ifsul Rehman (34) and Mohammed Rasheed (31), all businessmen, were arrested last night from a rented building here, police said.
Police have seized six mobile phones, computers and Rs 5.02 lakh from them.
The raid on the premises was conducted following information received by North Assistant commisisoner, K Ashraf.
A team led by Nadakavu Circle Inspector Moosa Vallikkadan and Sub Inspector G Gopakumar made the arrest, police told PTI.
A case under provisions of the Kerala Gaming Act has been registered against them. They were later released on bail.
In yesterday's match at Hyderabad, Sunrisers Hyderabad defeated Kings XI Punjab by five wickets.
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