Legal
April 19, 2022
Third Indian State Pushes Forward with Gambling Legalization
India has not been the most gambling-friendly nation out there, but this is slowly changing. Meghalaya, a state in the country, is now preparing guidance and policies that would enable lawmakers to create binding legislation that enables private operators to launch both interactive gaming and betting. Undoing the Ways of Old The process started with […]
Blockchain
March 21, 2022
India to Tax Crypto Same as Lottery Winnings
India is preparing to regulate its cryptocurrency industry – in fact, it’s already there, and the country is introducing a 30% tax that will apply to investor capital gains. The levy will be rolled out in April and it will be the first time that a formal law has been passed to try and finally […]
Sports
March 11, 2022
XB Net Brings Australian and NA Horse Racing Markets to India
XB Net is making another stride towards the global horse betting market after conquering the North American and Australian regions with NorthAlley, a leading platform in India. The new collaboration will allow XB Net to extend its range of experiences and local pool-wagering services from tracks in Australia and North America to NorthAlley. XB Net […]
Legal
February 15, 2022
High Court Tosses Ban on Gambling in Karnataka, India
The Karnataka High Court has struck down key amendments in the Karnataka Police Act 1963. These amendments were introduced last year to ban any form of gambling in the state, online or otherwise, to reduce the threat of Internet gaming and other apps. However, local government officials were wrong when they made their attempts, as […]
Blockchain
February 3, 2022
India Says Crypto to Be Taxed Like “Grey Area” Gambling Winnings
The government of India has been split about the future of cryptocurrencies. In 2021, the Reserve Bank of India (RBI) threatened to suspend crypto altogether on multiple occasions. Local crypto experts dismissed this as saber-rattling and they may have been right. The country is now moving to regulate the cryptocurrency industry not by banning it, […]
Sports
January 26, 2022
Planet Sport Makes First Foray with Content Services in India
Planet Sport, a B2C2 and B2B sports media company, has launched in the Indian market where it will deliver its full suite of services and products to local operators, suppliers, and affiliates. The company enters a market that is still challenged by a lack of a unified regulatory framework that makes navigating it doubly challenging. […]
Industry
January 7, 2022
Tamil Nadu Bans Online Gambling Amid Suicide Cases
Tamil Nadu, an Indian state at the southernmost tip of the Indian subcontinent, has taken a stance against online gambling and is moving toward banning it locally. The news was announced by Chief Minister Muthuvel Karunanidhi Stalin in the State Assembly. Tamil Nadu Will Ban Online Gambling to Protect the Youth Stalin gave further insights […]
Poker
December 30, 2021
National Poker Series India 2022 Officially Scheduled to Start on March 6
India’s most prestigious poker event, as well as one of the most recognized and most prestigious in the poker industry, just shared its dates for the 2022 edition. As the official announcement states, the National Poker Series India will start on March 6, 2022, and will last for 15 days. A Total of 84 Tournaments […]
Esports
December 7, 2021
Indian Lawmaker Calls for Tougher Regulation on Online Gaming
Online gaming may soon come under fire from government officials if BJP leader Sushil Kumar Modi, a member of the Rajya Sabha, the upper house in the country’s parliament, is to have his way. Speaking on Friday, Modi called for a uniform tax on the online gaming industry, citing growing addiction to mobile gaming among […]
Business
July 12, 2021
Stockholm-Listed Raketech Acquires P&P Vegas Group for $19M
Online gaming marketing affiliate firm Raketech announced today the acquisition of P&P Vegas Group Inc to strengthen its position in the growing US markets. Financial Details of the Acquisition The transaction is valued at €16 million ($19 million) on a debt-free basis and will be settled with €9 million ($10.68 million) in cash and 3,881,968 […]