Bhubaneswar, May 4 (IANS) The Rajgangpur Police in Odisha’s Sundargarh district have successfully busted an Indian Premier League (IPL) betting racket operating in the area and apprehended five persons involved in illegal betting activities, a police official said. The senior police official on Sunday added that following the receipt of credible intelligence, the Sundargarh Superintendent of Police Amritpal Kaur directed a special team to take prompt action against the illegal IPL betting operat…
Latest Promotion and Regulation of Online Gaming Act News & Updates
New Delhi, April 22 (IANS) India will bring into force a comprehensive set of rules to regulate the fast-growing online gaming sector from May 1, 2026, the government said on Wednesday.The new framework, notified under the Promotion and Regulation of Online Gaming (PROG) Act, 2025, reflects the Centre’s dual objective of protecting users — especially children and vulnerable groups — from financial and psychological harm, while positioning the country as a global hub for gaming and digital cr…
Bengaluru, Feb 19 (IANS) The Enforcement Directorate (ED) in Bengaluru has seized assets worth Rs 590 crore from Winzo Pvt. Ltd. and its subsidiary, Zo Pvt. Ltd. under Section 37A of the Foreign Exchange Management Act, 1999. The action followed suspected violations of Section 4 of FEMA, according to an official statement released Thursday.According to the ED, the seized assets include bank accounts, fixed deposits, mutual funds, and bonds linked to the companies.The ED stated: “Winzo is enga…