Search results
Results from the WOW.Com Content Network
Fantasy sports came to India in the later half of the 2010s. The Federation of Indian Fantasy Sports (FIFS) serves as the primary self-regulatory industry body. As of January 2024 [update] , the sector is valued at approximately ₹45,000 crore with over 180 million active users.
The Information Technology Act 2000 regulates cyber activities in India does not mention the word Gambling or Betting thereby the act was left for interpretation by the Courts which have refused to examine the matter. Further, online gambling is a banned offence in the state of Maharashtra under the "Bombay Wager Act".
The Bombay High Court declared fantasy sports legal on 13 April 2019. [4] The Supreme Court of India officially recognized fantasy sports as legal on 8 August 2021, classifying them as games of skill rather than gambling. [5] However, fantasy sports remain prohibited in Sikkim, Nagaland, Odisha, Telangana, and Andhra Pradesh. [6]
On 26 May 2018 Al Jazeera news channel findings depict that possibly pitch tampering would have happened during the home test matches involving Sri Lanka against Australia in 2016 and against India in 2017. The news channel also stated that through monitoring the pitch conditions the fixers have managed easily to make money.
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and ...
Dream11 is an Indian fantasy sports platform [6] that allows users to play daily fantasy sports contests, primarily in cricket. [7] [8] [9] In April 2019, Dream11 became the first Indian fantasy sport company to become a unicorn. [10] In November 2021, Dream11 was valued at $8 billion. [11] [12] In October 2023, Dream11 claimed to have 200 ...
Mukul Mudgal to probe allegations of betting and spot-fixing in the Indian Premier League (IPL). [40] The committee submitted its report to the Supreme Court in February 2014. The other members of the committee are Additional Solicitor General of India L Nageswara Rao and senior advocate and former cricket umpire Nilay Dutta. [39]
The Mahadev Betting App Case is a high-profile scandal involving an online betting platform that enabled illegal gambling on various games, including poker, card games, badminton, tennis, football, and cricket.