tax authorities in India are losing Rs 3.9 lakh crore (US$48.8bn) annually<\/a>\u00a0to 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 operation was allegedly taking bets on the South African Cricket League.<\/p>\n","protected":false},"author":176,"featured_media":18986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Police in Pimpri-Chinchwad, India, have dismantled an illegal cricket betting operation, seizing cash and mobile devices, with a case registered under relevant gambling acts. This incident underscores the broader challenge of illicit wagering, as a Think Change Forum report estimates India loses US$48.8bn annually to illegal betting, with the offshore market valued at Rs 8.2 lakh crore and growing at 30% per annum.","focusai_entities":"Anil Rohara, Think Change Forum (TCF)","focusai_location":"India, Pimpri-Chinchwad, South Africa","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"India's Regulatory Path","query":"Given the substantial estimated tax losses and the scale of the illegal market, what specific legislative or policy initiatives are being considered by Indian authorities to transition towards a regulated iGaming framework, and what are the projected timelines for such reforms?"},{"label":"Impact on Market Entry","query":"How does the pervasive nature of the unregulated betting market in India, as highlighted by the TCF report, influence the strategic considerations and risk assessments for international iGaming operators contemplating future market entry?"}],"footnotes":""},"categories":[439,16334],"tags":[],"class_list":["post-777012528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012528","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=777012528"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012528\/revisions"}],"predecessor-version":[{"id":777012549,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012528\/revisions\/777012549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18986"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}