Legal Sports Betting

Govt should have considered forward-looking options for money games

Predictably, the move has sent the online gaming industry into a tizzy. As reports suggest, there are thousands of high-skill jobs at stake

Betting can never be a game of skill, Centre tells Supreme Court

Centre argues in SC that all betting, even on games of skill, qualifies as gambling and must attract 28 per cent GST under the law, regardless of game classification

Sports-tech market may grow by 85% to Rs 49,500 cr in 4 yrs: FIFS-Deloitte

Sports technology market in India, comprising apps, devices, sensors etc, are expected to grow by 85 per cent to Rs 49,500 crore in the next four years, a joint report by fantasy games body FIFS and Deloitte said on Thursday. The report estimates that India's sports-tech market generated Rs 26,700 crore in revenue in the financial year 2024 and is projected to grow at a compound annual growth rate (CAGR) of 13 per cent by FY'29. "India's sports technology ecosystem is at an inflection point, with the market projected to grow at a 13 per cent CAGR to Rs 49,500 crore by FY'29," Deloitte India, Partner, Prashanth Rao said. He said that the advent of digital technologies are not only providing data for enhanced athlete performance but is also creating immersive fan experiences, leading to increased multi-sport following across demographics and opening newer avenues of business and business-led collaboration "Fantasy Sports continues to be a key driver in this evolution, fostering deepe

Walt Disney's ESPN getting into sports betting with Penn Entertainment

Penn will make cash payments totaling $1.5 billion over the 10-year term and grant ESPN $500 million of warrants to purchase Penn shares

Govt stands firm on its decision to levy 28% GST on e-gaming, casinos

The government officials clarified that so long as money is involved in a game, govt will make no distinction between a game of skill and a game of chance

IPL betting: Businessmen, criminals among 53 arrested from posh locations

The police used special tactics to nab the betting rackets. In one instance, the police sent one of their team members acting as a pizza-delivery boy to the suspected flat

Gaming body welcomes govt's diktat on online betting advertisements

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

WinZo sues Google for allowing limited categories of real-money games

Challenges inclusion of only DFS and Rummy on Google Play Store, calls the policy an unfair trade practice

Eyeing 3 million users, Mobile Premier League starts Poker Academy

As part of the Academy, MPL will curate beginner, intermediate and advanced levels of content catering to all types of gamers, the company said in a statement

Legalising betting can check match-fixing, says MoS Finance Anurag Thakur

He made the remarks at an event hosted by ICICI Securities

On a new wicket: Why Indian brands are advertising in foreign leagues

Experts say almost all cricket finds takers in India, viewership is boosted by betting and emergence of fantasy league platforms

US sports leagues could reap $4.2 bn a year from legal betting: Report

The findings could add fuel to a long-simmering feud between the gaming industry and American sports leagues over whether to share revenues