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IMPACT OF GAMBLING LAWS
- Anti-betting law fails. A lesson for crypto?India’s online betting ban has failed to eliminate illegal gambling, with offshore networks continuing operations despite strict laws. The ...
Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...- Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the sameThe soccer coach had blocked himself from sportsbooks by the time he found prediction markets.
- India's gaming fans eye illegal sites after gambling banIndia’s ban on online gambling has shut down a billion-dollar industry, ending fantasy sports cash games and sponsorships like Dream11’s $4...
- Arcade fronts, WhatsApp chats & $9.5 million in profits: Nine Indians charged in US gambling bustNine Indian nationals face federal charges in the U.S. for allegedly running a $9.5 million illegal gambling ring disguised as arcade busin...
- Court clears owner in 2021 Tasmanian bouncy castle deaths of six children, blamed on unprecedented weatherAn Australian court acquitted Rosemary Gamble, owner of Taz-Zorb, in the 2021 bouncy castle tragedy that killed six children and seriously ...
- The online casinos that can operate as long as they say they aren't actually casinosSweepstakes casinos, using a "no purchase necessary" loophole, allow online gambling legally in states where it's banned. With $8 billion i...
- UK to toughen gambling rules for smartphone eraBritish media have reported the measures will include banning under-25s from betting more than 2 pounds ($2.49) per spin online, as well as...
- Japan approves country's first-ever legal casino in Osaka to boost tourism industryThe Osaka plan, which aims to open the casino by 2029, was approved after "sufficient examination from various perspectives", land and tran...
- Tamil Nadu governor gives assent to bill banning online gamblingLegislation also seeks to regulate online gaming including fantasy sports which may now need vetting by a multi-member committee.
- Game Theory: Grow the skill games & licence gamblingIt would be far more prudent to allow games of skills flourish under self-regulation and tax them at 18%. Make gambling mainstream by allow...
- Tamil Nadu cabinet clears ordinance to ban online gamingThe draft will become a law after the Tamil Nadu Governor signs it in deference to the Cabinet's decision. The government will then notify ...
- P&G Hygiene and Health Care Q3 Results: Profit rises 4.6% to Rs 102.85 croreIts revenue from operations rose 28.11 per cent to Rs 973.26 crore during the period under review against Rs 759.66 crore in the January-Ma...
- Over 6,000 URLs, accounts or websites blocked in 2021, says MoS Rajeev ChandrasekharThe number of accounts, websites and URLs stood at blocked during 2018, 2019, 2020 and 2021 stood at 2,799, 3,603, 9,849 and 6,096, respect...
- Foreign players cannot escape from Karnataka's gaming law, says home ministerThe Karnataka government, on October 5, notified the law banning betting and wagering in online games.
- Karnataka gaming ban: FIR against Dream11 founders, firm says compliant with lawsThe Bengaluru City Police is preparing to summon Dream11 founders Harsh Jain and Bhavit Sheth in connection with an FIR, which claims that ...
- Karnataka's online gaming bill could hurt jobs, says IAMAIThe bill introduced in the assembly appears to have been drafted without considering the various legal and constitutional positions by incl...
- Myanmar govt forms tribunal to probe China-funded city projectThe project has been criticised due to a lack of transparency, land confiscations, confusion over the scale of construction and the growing...
- More firms prepare to flee US ahead of online gaming banBritain’s Leisure & Gaming and payment processor FireOne joined the list of companies fleeing a US ban on online gaming on Tuesday, as sign...
- US ban trips online gamingOnline gaming firms faced their biggest-ever crisis on Monday after US Congress unexpectedly passed legislation to ban online gaming, threa...
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