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The app was operated by Dubai-based Saurabh Chandrakar, a former juice seller, and his accomplice Ravi Uppal, both of whom hail from Chhattisgarh, according to the Enforcement Directorate (ED). The ED has alleged that the app operated by franchising "panel/branches" to known associates on a 70-30 profit ratio, using the platform to enroll new ...
Dream11 provides a fantasy gaming platform for multiple sports such as fantasy cricket, football, basketball, kabaddi, hockey, volleyball, handball and baseball. It is an online game where users create a virtual team of real-life players and earn points based on the performances of these players in real matches. [ 56 ]
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".
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Usually, the wager is in the form of money. Many online sports betting websites offer in-play gambling, which is a feature that allows the user to bet while the event is in progress. A benefit of live in-play gambling is that there are much more markets.
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In November 2020, Information and broadcasting ministry of India's Advertising Standards Council of India (ASCI) created guidelines for 'fantasy gaming apps' doing business in India, such as: [6] Fantasy Apps do not permit persons under 18 to play Every fantasy gaming app must showcase a disclaimer occupying 20% of the ad's space Ads should not ...
Robinhood is the latest platform to allow traders to wager on the 2024 election. Notably, US citizens can make bets on the election now. A recent federal court ruling opened the door to wider ...
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