India Bans Online Gambling After $2.3 Billion Annual Losses
[NigerianEye - Nigeria] - 25/08/2025
India’s parliament passed the Promotion and Regulation of Online Gaming Bill on Thursday, outlawing online gambling platforms, including card games, poker, and fantasy sports like popular cricket apps, following reports of $2.3 billion in annual losses from 450 million citizens.The legislation, which awaits presidential ratification, criminalizes offering, promoting, or financing such games, with penalties of up to five years in prison. It raises questions about the sponsorship of India’s national cricket team, as Dream11, the country’s largest fantasy sports platform and the team’s lead (…)
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