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CRYPTO GAMBLING
Trump reiterates vision to make US the Crypto Capital of World. Here is what experts sayPresident Donald Trump is defending the cryptocurrency and prediction market industries. He is opposing state-led efforts to restrict these...- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Inherited wealth: How to plan wisely and avoid costly impulsive decisions for long-term financial securityThe primary rule to follow is: do not make rash and immediate decisions. Take time to consider what you have inherited and how to use it in...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 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.
- From rejecting Rs 4 cr job offer to founding a Rs 570 cr startup: How this IIT alumnus from a poor background convinced parents to make a big betAn IIT-Kharagpur graduate rejected a ₹4.3 crore job and Stanford PhD to co-found Giga, an AI startup that recently raised $61 million. Desp...
- US judge blocks Arizona criminal case against Kalshi at CFTC's requestIn a notable turn of events, Arizona's criminal case against the innovative prediction market, Kalshi, has been suspended by a federal judg...
- US prediction market players make a play for Indian IPL fansIndian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player st...
- Rs 2 cr siphoned off from India's Permanent Mission in Geneva; CBI books accounts officerA former accounts officer at India's Permanent Mission in Geneva has been accused of siphoning over 2 lakh Swiss francs (around Rs 2 crore)...
- ED investigates Indian links of foreign gambling apps, suspects over Rs 1 lakh cr betsThe Mahadev scam, revealing extensive illegal online betting networks, is far from resolved despite some progress. The Enforcement Director...
- Crypto gambling platform Stake loses $41 million in hackingStake confirmed the hacking on X (formerly Twitter), saying that unauthorised transactions were made from Stake's Ethereum (ETH)/Binance Sm...
- Crypto should be regulated as gambling, UK lawmakers sayBitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significan...
- Cryptos are nothing but gamble, their value only make-believe: RBI governorReserve Bank governor Shaktikanta Das reiterated the need for an outright ban on cryptos saying though those supporting it call it an asset...
- Crypto losses can’t be set off, clarifies govtMoS Finance Chaudhary also said no deduction of any expenditure or allowance, apart from cost of acquisition, will be allowed while computi...
- Despite billion-dollar investment, why GameFi is failing to woo Asians?Market experts argue that GameFi is not gambling. It refers to the financialisation of video gaming and could transform gaming business mod...
- Cryptocurrencies worse than Ponzi schemes, says RBI Deputy GovernorSankar also said that since cryptocurrencies have specifically been developed to bypass the regulated financial system, it is reason enough...
- Crypto community up in arms against 30 per cent taxThe change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by popular social media influencers lik...
- Investors queue up for cryptos after tax proposalIndustry executives said the budget announcement resulted in pent-up interest among risk-averse investors as well as companies who earlier ...
- ETtech Opinion: Implications of India’s tax rules for cryptoCrypto is an asset class and an investment product. Trading crypto requires specific skills and cannot be compared to gambling.
- More people view crypto assets as acceptable investment, says UK watchdogRegulators have repeatedly warned consumers about the "speculative" nature of largely unregulated crypto assets, with bitcoin hitting a hig...
- China arrests over 1,100 suspects in crackdown on crypto-related money launderingThe arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto...
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