India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say.
Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games.
“Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst.
Photo: AFP
“It [also] leads to fraud and scams, because everything is now unregulated. Even if users win, there is no guarantee they get their money back,” he said, citing various apps posing as shopping platforms illegally offering coins and tokens to play.
The Promotion and Regulation of Online Gaming Act, 2025 has shocked an industry that is backed by venture capital firms such as New York’s Tiger Global and Bengaluru, India-based Peak XV Partners and was expected to be worth US$3.6 billion by 2029.
Platforms MPL and rival Dream11 became popular over the past few years by offering financial prizes to users competing in fantasy cricket games, in which players form virtual “teams” of real-life players and earn points based on their on-field performances.
Photo: Reuters
Both apps have discontinued their money games after the ban.
The industry says the games rely on skill, and therefore, are not gambling, which was already highly restricted in India.
Critics of fantasy sports and other real-money gaming apps say that the pastime is essentially gambling, because players stake money on contests whose outcomes they cannot control.
Modi’s government has repeatedly expressed its unhappiness over money-based games, saying that they caused addiction and that it had a duty to act against “social evils.”
“Families have lost their savings. Young people have fallen into addiction. In some heartbreaking cases, financial distress linked to these games has even led to suicides,” the Indian government said in a news release.
The WHO says gaming disorder is marked by a loss of control, prioritizing play over regular daily activities and continuing despite harmful consequences.
India has about 444 million gamers, including 138 million who play paid games, according to a report released last year by Eximius Ventures, a Gurugram, India-based venture capital firm.
Some users said that the ban would boost the gambling black market that has long operated in the shadows.
“More and more people will use VPNs [Virtual Private Networks] or offline bookies to access illegal and offshore games,” said Varun Sharma, who spent eight years playing fantasy games, mainly basketball, winning up to 1.2 million rupees (US$13,593) in a single game.
Sharma, 24, said he saw a sudden uptick of betting offers and schemes on messaging apps such as Telegram after the bill was passed.
Sharma described himself as “heartbroken and unable to move on” since the ban took effect.
The new law prohibits banks and payment companies from facilitating financial transactions for real-money gaming.
Determined players could find workarounds, such as depositing money into crypto wallets or using US payments firm PayPal, which are beyond India’s purview.
The Indian Ministry of Electronics and Information Technology did not respond to requests for comment on the ban, its potential risks and what the next moves, if any, would be.
The gaming industry said that companies would have to either downsize or shut down completely.
MPL has said it would sack about 60 percent of its local workforce.
Gaming company A23, which offers rummy and poker games, is one of several that has challenged the ban in court.
India’s top court on Monday last week said it would hear the combined petitions, but it was not immediately clear when.
Some proponents of online gaming said regulations, such as setting limits on game time, money a user spends or on the ratio between entry fees and prize money could have curbed the risks of addiction and financial hardship.
Nandan Kamath, a lawyer in Bengaluru with expertise in sports and gaming law, said more discourse on users’ rights and how they choose to spend their money and time in digital domains was needed.
“A clear argument can be made that entirely limiting the expression of skill-gaming through a ban is an unreasonable restraint on both expression and profession,” he said.
Kamath urged the Indian government to promote healthy alternatives that might satisfy gamers’ urges and needs, de-addiction support through digital health programs and better enforcement of the unregulated market to prevent user harm.
Gaming companies could evolve with growing tech, artificial intelligence and sizeable user databases, he said.
“Some of these companies might have another inning, using a new playbook,” he added.
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
The Fair Trade Commission’s (FTC) ongoing review of Grab Holdings Ltd’s US$600 million acquisition of Foodpanda Taiwan’s operations, announced on March 23, has taken on fresh urgency as industry experts warn that the transaction could embed significant Chinese cybersecurity vulnerabilities into Taiwan’s digital infrastructure through Grab’s deep ties to autonomous-driving firm WeRide (文遠知行). Less than 16 months after the FTC blocked Uber Eats’ direct attempt to acquire Foodpanda Taiwan — citing potential combined market shares of 80 to 90 percent — the emergence of Grab as the buyer has prompted questions about whether the same competitive harm is simply being rerouted
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled
RSS