The arrest was made in Hyderabad.<\/p>\n\n\n\n\n\n\n\n
India.- Police have arrested a 33-year-old man in Hyderabad for allegedly masterminding an online cricket betting operation during the ongoing World Cup. Police seized \u20b93.40 lakh in cash<\/strong>. <\/p>\n\n\n\n Officers believe another man who is presently residing in the United States, was the main operator. The man arrested would reportedly receive a 30 per cent share of bets<\/strong> collected from the punters through a hawala route following the conclusion of the cricket season.\u00a0<\/p>\n\n\n\n There have been several cases of arrests for cricket betting<\/a> in recent weeks. Meanwhile, a report by the Think Change Forum (TCF)<\/strong> has estimated that tax authorities in India are losing Rs 3.9 lakh crore (US$48.8bn) annually<\/a> to illegal betting and gambling websites. The report suggests the illegal offshore betting market is now valued at approximately Rs 8.2 lakh crore, with an annual growth rate of 30 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":" The arrest was made in Hyderabad.<\/p>\n","protected":false},"author":176,"featured_media":17582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Indian authorities in Hyderabad have apprehended an individual linked to an illicit online cricket betting syndicate, seizing cash and identifying a US-based principal operator. This incident underscores the pervasive challenge of unregulated gambling, with a recent Think Change Forum report estimating India's annual tax revenue loss from illegal betting at US$48.8 billion, from a market valued at US$98.4 billion and growing at 30% annually.","focusai_entities":"Think Change Forum","focusai_location":"Hyderabad, India, United States","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"India's Regulatory Path","query":"What specific legislative or enforcement actions are Indian authorities contemplating to transition the substantial illegal betting market into a regulated framework, thereby capturing the estimated US$48.8 billion in lost tax revenue?"},{"label":"AML & Hawala Impact","query":"How are financial intelligence units and payments providers collaborating to detect and disrupt the hawala routes and other informal value transfer systems facilitating illicit iGaming transactions in India?"}],"footnotes":""},"categories":[439,16334],"tags":[233],"class_list":["post-777010688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-asia-news","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777010688"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010688\/revisions"}],"predecessor-version":[{"id":777041058,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010688\/revisions\/777041058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17582"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}