ILLEGAL ONLINE BETTING
Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Yelp introduces an AI chatbot to help users sift local recommendations
Yelp is launching an AI chatbot to help users sift through millions of reviews. This new tool aims to provide personalized recommendations by analyzing vast amounts of data. The company believes this approach will stand out by showing the evidence behind its suggestions. Yelp hopes this innovation will attract more users and boost its revenue amidst a competitive tech landscape.
Foreign betting sites pull a prank on taxman
Offshore gaming firms found a way to use the site name cgst.ahmedabadzone.gov.in to create additional, fake pages, complete with sub-links that take the browser to the actual gaming platforms, in claiming legitimacy of these online casinos.
US prediction market players make a play for Indian IPL fans
Indian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player stats. This trend emerges after India banned real-money gaming. Offshore platforms are also active. Accessing these sites from India is a legal grey area. Transactions use cryptocurrencies, posing payment challenges.
Amid IPL hullabaloo, there's a constant piracy war that goes on
As the IPL returns, illegal streaming persists despite official free streams, highlighting India's piracy paradox. While enforcement disrupts illegal viewing, piracy's organized, monetized ecosystem thrives on speed, scale, and user habit, posing a significant threat to the sports economy.
Online betting: Telangana HC dismisses Fino Bank MD Rishi Gupta’s plea, denies bail
Gupta sought to be released on bail. He also moved to have the March 1 remand order passed by the special judge for trial of economic offences cases, Hyderabad, declared illegal.
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Flipkart group CFO exits; Zomato raises platform fee
Happy Friday! Flipkart group CFO Sriram Venkataraman is set to exit after more than a decade at the Walmart-owned ecommerce giant. This and more in today's ETtech Top 5.
Govt cracks down on illegal gambling, betting websites; 300 such sites, apps blocked
The blocked sites and apps are related to online sports betting platforms; online casinos offering slots, roulette, live dealer tables; betting exchanges functioning like P-2-P betting marketplaces.
India cracks down on illegal betting apps, blocks 300 platforms: Report
Authorities have blocked approximately 300 illegal gambling and betting websites and applications. This action is part of a broader effort to curb online gaming violations. The government has taken down a significant number of platforms, including sports betting sites and digital casinos.
Nithin Kamath suggests how to curb offshore betting apps mushrooming after real money gaming ban
Following India’s ban on real-money online gaming, offshore betting apps are rapidly growing. Nithin Kamath warns they target Indian users, raise fraud risks, and suggests blocking domestic payment access to curb their spread.
Kristi Noem fired by Trump: Who is Corey Lewandowski and why was the US DHS Secretary questioned about the alleged 'sexual relations'?
Kristi Noem was questioned about her alleged sexual relationship with Corey Lewandowski during a House hearing attended by her husband, Bryon Noem. Corey Lewandowski served as Donald Trump's campaign manager in 2016 and was a long-time adviser to Kristi Noem. There were reports that Kristi and Corey often fly around the country together in a luxury 737 with a private cabin in the back.
ETtech In-depth: Banned in India, but it’s business as usual for offshore real money gaming firms
An ET investigation found accessing betting websites to be child’s play, without even the need of a VPN. But getting money out of them isn’t quite as easy. The sites provide Hindi, Marathi, Tamil, and Bengali interfaces, signalling a clear focus on users from tier II and tier III towns.
Banned RMG games thrive in India; green shoots in tech hiring
Happy Friday! Accessing illegal offshore betting platforms continues to be easy for Indian users. This and more in today’s ETtech Morning Dispatch.
Xiaomi challenges India taxman in SC over tariffs on royalties
Xiaomi contests a significant Indian tax demand on royalty payments. The company argues the ruling misinterprets contract manufacturing practices. This legal battle could impact foreign investment and scrutiny of royalty agreements across various sectors. The Supreme Court is now reviewing Xiaomi's plea to overturn the tribunal's decision.
ED sets target of filing 500 chargesheets this fiscal; completing probe in 1-2 years
The Enforcement Directorate aims to file 500 chargesheets in money-laundering cases this financial year. Investigations will focus on timely completion, ideally within one to two years. The agency is also intensifying efforts to track illicit assets abroad and combat digital fraud. Priority areas include illegal betting, online gaming, and foreign funding for destabilizing activities.
Fired for asking to eat lunch: Employee claims he lost his job after demanding meal break during 10-hour shifts
An employee has claimed he was fired after insisting on taking a lunch break during 10-hour shifts. In a post shared on Reddit, he alleged that his crew did not allow meal breaks and that he faced hostility after getting HR approval to take one. He also described clashing with his foreman over working conditions in freezing weather.
ED probes 234 cyber frauds, tracks crypto links to China
In a sweeping crackdown, the Enforcement Directorate has launched an investigation into 234 cybercrime cases, ranging from illicit online betting to deceptive cryptocurrency schemes and predatory loan applications. The total illicit gains are estimated to exceed ₹34,855 crore, leading to the attachment of properties valued at ₹12,230 crore.
Govt blocks access for 242 betting, gambling sites
India has blocked over 242 illegal betting and gambling websites. This action follows the passage of the Online Gaming Act last year. The government has taken down 7,800 such platforms to date. Enforcement has intensified to protect users, especially the youth. The move aims to curb financial and social harm caused by these illegal online activities.
Govt blocks 242 illegal betting, gambling website links
India's government has taken strong action, blocking 242 illegal betting and gambling websites. This follows a ban on real money gaming apps last year. Over 7,800 such sites have now been removed.
Online betting app case: Actor Prakash Raj questioned by SIT
Actor Prakash Raj appeared before the Telangana SIT regarding his involvement in promoting an online betting application. He stated he withdrew from an advertisement in 2016 when betting began, asserting he did not continue due to the illegality of betting apps. Raj urged youth to avoid such platforms, highlighting the ruinous impact on young lives.
ED questions Suresh Raina in 'illegal' online betting app case
Suresh Raina, the former Indian cricketer, was questioned by the Enforcement Directorate (ED) in New Delhi regarding his alleged connection to an illegal betting app-linked money laundering case. The ED's investigation centers on the 1xBet app, and Raina's involvement is believed to stem from certain endorsements.
Actor Vijay Deverakonda appears before ED officials in online betting linked PMLA case
Actor Vijay Deverakonda appeared before the Enforcement Directorate (ED) in Hyderabad for questioning in a money laundering case linked to illegal online betting and gambling. The ED is investigating actors who allegedly endorsed these apps, which are suspected of generating illicit funds.
Rana Daggubati fails to appear before ED; issued fresh summons for August 11 in online betting case
The Enforcement Directorate is investigating money laundering related to illegal online betting. Actor Rana Daggubati failed to appear for questioning and has been given a new date. Prakash Raj, Vijay Deverakonda, and Lakshmi Manchu are also summoned. The ED has booked 28 individuals, including actors and social media influencers.
Meta, Google officials fail to depose before ED; called again on Jul 28
Enforcement Directorate (ED) has re-summoned Meta and Google executives. They are to appear on July 28 in a money laundering case. The case involves promotion of illegal online betting platforms. Executives initially sought more time to gather information. ED is investigating multiple platforms and advertisements on social media. Actors and sportspersons are also under investigation.
Mahadev scam: ED searches EaseMyTrip founder's residence, other locations
The Enforcement Directorate (ED) conducted searches at multiple locations, including premises linked to EaseMyTrip founder Nishant Pitti, as part of its investigation into the Mahadev Book illegal online betting app case. The searches spanned Delhi, Mumbai, Ahmedabad, and other cities, focusing on offshore operations and alleged money laundering.
Significant improvement in tackling online gambling, betting activities: Ashwini Vaishnaw
Responding to supplementaries during the Question Hour, the minister asserted that whenever any instances of violations come to the notice of the central government, action is taken within the Constitutional framework.
High taxes, selective bans drive 30% growth in illegal online gambling in India, says study
The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.
Consumer watchdog CCPA cautions celebrities, influencers against promotion of gambling
The consumer protection watchdog, Central Consumer Protection Authority, also cautioned celebrities, influencers and other similar stakeholders of stringent action against endorsements of ‘illegal activities’ including betting and gambling.
Government issues orders to ban Mahadev, 21 other illegal betting apps
The ministry of electronics and information technology on Sunday issued the order to block the operations of the Mahadev betting app, reddyannaofficial. in, and 20 other apps and websites. These apps were blocked on request from the enforcement directorate, the government said.
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