Last Updated Aug - 23 - 2025, 11:09 AM | Source : Fela News
Experts warns that users can move for uncontrolled platform by the government banning real-money betting apps, which is likely to increase money laundering acti
The Government of India aims to prevent illegal gambling activities and regarding financial offenses, under the initial real-money betting apps ban on real-money betting apps, 2025 online gaming promotion and regulation bills. However, experts say the move can inadvertently lead to the user regulation to the offshore platforms, which may increase the risk of money laundering.
According to financial analyst Andy Mukherjee, betting on cricket can be moved to the sites due to this ban, and crypto currency is likely to become a major medium of transactions. This change not only bypasses domestic rules but also causes significant revenue loss to the government. The real-money gaming industry contributes to around ₹ 27,000 crore GST and ₹ 10,000 crore every year, which highlights the economic impact of this ban.
Industry associations have expressed concern over this entire ban, arguing that it could cause damage to the sector and loss in tax revenue. They advocate a more balanced regulatory approach to ensure consumer safety and balancing industry growth.
In light of these concerns, some experts suggest that a comprehensive regulatory framework, rather than an outright ban, could more effectively address the issues associated with online betting while mitigating potential risks.
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