{
Arvind Gupta

People

}

money laundering poses significant risks to online gaming and digital economy

Money laundering poses a significant threat to the online gaming and digital economy, as highlighted in a report by the Digital India Foundation. Key recommendations include forming a dedicated task force, creating a whitelist of legal operators, and enhancing public awareness to combat deceptive practices.The Indian Real Money Gaming sector is rapidly growing, projected to reach USD 7.5 billion in revenue within five years, driven by a community of 100 million gamers. However, challenges such as financial integrity, cybersecurity, and a lack of regulation threaten this progress, with the illegal betting market attracting over USD 100 billion annually.
Moneycontrol
United States Dollar Digital India Foundation Apple Inc. IND Arvind Gupta
Finance & Economy, Market Report
11:18 24.10.2024
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