Cricket Money Game
Cricket Money Game – At some point you must have seen the ads of some apps in which sports celebrities promote online games, although at the same time the same ads also carry a short warning: “Play these games carefully, they can be addictive.” In fact, our youth today are captivated by these celebrity-endorsed apps and games. This “real money gambling” industry has expanded significantly with the spread of Internet and mobile communication in the country for some time now. It is believed that by 2025 the business of this industry will be more than 5 billion dollars.
Various types of online and app-based games, including virtual games such as fantasy sports, rummy, ludo, stock trading, and cryptocurrency-based games are called real money games for money and reward. These games are based on both skill and chance. But whether they are skill-based or chance-based, they are growing fast, and the companies promoting these apps and websites are making huge profits.
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Since the advent of these real money games, there have been many cases of young people ending their lives after falling into a debt trap. This is because they are actually addictive and the chances of actually winning in these games are very slim. In some cases, families have also been destroyed after a young member is trapped in massive debt by these addiction programs.
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In 2020, an app company called Dream-11 bought the IPL cricket sponsorship rights by paying Rs 222 crore. After that, the Dream-11 application became widely known. Other fantasy cricket programs have also acquired IPL advertising rights. All these programs promote cricket celebrities. Celebrities include M.S. Dhoni, Rohit Sharma, Hardik Pandya and Rishabh Pant.
Reports show that most young people who commit suicide due to gambling addiction through these apps belong to the age group of 19-25 years and include students, migrant workers and business people.
Most courts have upheld these fantasy games, accepting the argument that it is a game of skill. However, realizing the seriousness, six governments have so far banned or banned fantasy cricket platforms. Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy called on the Union government to ban 132 such programmes.
Although some studies claim that this game of fantasy cricket is not random and therefore not gambling, some sports psychologists believe that fantasy cricket is actually gambling and can lead to pathological gambling behavior. However, the logic of people associated with this “industry” is that there is no reason to be addicted to fantasy sports because the average ticket price is only 35 rupees, so a person cannot spend more than 10k in such players can lose. the time of her life.
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However, with reports of people committing suicide after running up thousands of rupees in debt through these ‘games’, this argument has been proven wrong. Therefore, additional research is needed in this topic. It is worth noting that this industry is currently not covered by any legislation and is self-regulated. Therefore, instead of information from the industry itself, only a thorough examination of these applications can reveal the truth.
Risk is not only considered important in neoliberal economic theories, it is glorified. Many financial instruments have entered the era of neoliberal policies, and speculation has become an integral part of the modern economy. Although speculation in the stock, commodity and currency markets has many side effects, it is permitted by law. With the advent of speculation in ordinary life, the practice of fantasy games also gained general acceptance.
In fantasy games, some players may win and others may lose, but the companies that develop these games make huge profits. This profit makes them buy sponsorship rights by paying huge fees to cricket organizers like BCCI. You must understand that their profit is the price of those poor students, workers, farmers and ordinary people who bet their savings on these games or even borrow to play these games for real money.
We have found that the courts and administrative bodies have information about these games that customers do not have. The Supreme Court observed that mechanical intervention can affect the results of skill-based games.
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In such a situation, the Government of India and the concerned administrative ministries cannot sit still. It is necessary to ban programs that encourage young people to gamble. Until this process is completed, advertising, especially by celebrities, must be banned. Betting website sky247.net, registered in Curaçao, an island in the Dutch West Indies that borders India’s lenient laws, has largely sponsored the Pakistan Super League to the tune of 2,640 crores. by the money of the Indians
Of course, sky247.net is not alone. There are hundreds of online betting sites. We even have a gaming website that sponsors our biggest cricket event, the IPL. All our mega stars that we watch every night dance to the tune of the commercials that these companies come between frames
Cricket remains a unifying force for us Indians. You call it religion; call it an endless business; regardless of caste, religion, age, sex: tens of millions of hearts fly with pride when the three eagles swing in the wind to the note of our national anthem.
It is true that cricket in India lost much of its luster in the 90s when the match-fixing saga broke out and several of our heroes – Mohammad Azharuddin, Ajay Jadeja, Manoj Prabhakar – met the wrong end of the law. Darkness surrounded us. But with time the love for the game was restored; the stadiums began to fill again, and our heroes continued to roll off the assembly line, of which there are many in our great country.
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And then the IPL happened. Franchises have thrown their hats into the ring. Now the auction has become a parable. The cricket was for sale. Money flows as if there was no bottom. It is always unlikely that bookies and punters will get behind this gold rush.
These days the internet makes nonsense of existing laws. The betting world benefits quickly. They suggested that there is no online betting law in India. Instead of having to worry about the police descending on your lair and taking you by the hand, with multiple phone lines, mobile phones excluded, made a spectacle in the following papers, bookies and punters now had the comfort of anonymity on the Internet.
In 2019, the Delhi High Court in its judgment asked the Center whether to distinguish between skill games (gaming industry) and gambling (betting industry). MeITY, our Ministry of Electronics and Information Technology, in its affidavit coyly replied that it is not possible to contain an online operation if it is hosted from outside.
Bingo. In the same year, the betting site sky247.net registered on Curacao, a Dutch West Indies island. He started looking for Indian players. If you x-ray this website online, you will find that 70 percent of its customers/visitors are Indians. Now let’s see how fast the “kill” made this website in just over two years.
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Well, hold your heart and curse under your breath: last year sky247.net sponsored the Pakistan Super League (PSL). Yes, the very league which is the financial base of Pakistani cricket. PSL, which has a brand value of $330 million or Rs 2,640 crore, sponsors sky247.net mostly with Indian money.
If only it was. You visit the website sky247.net and on its home page there is a list of TV shows that it has sponsored in the last two years. There are one day series between Pakistan and South Africa; Lankan Premier League; series between Ireland and UAE in many T10 or T20 tournaments around the world. And so they were kind enough to sponsor one of our events: India’s series against Sri Lanka last year was sponsored by none other than sky247.net!
You scan the internet and come across many news and prominent publications that sky247.net is also sponsoring this year’s IIFA Awards – yes, Bollywood’s premier show – in Abu Dhabi this month. This is an event that has already crossed Rs 100 crore in 2013. Almost 10 years have passed, today it should be many times bigger.
So, Pakistan itself and its ISI, which we hold responsible for many of the nation’s ills, are feeding our own money through the loophole that exists in our prevention laws.
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Of course, sky247.net is not alone. There are hundreds of online betting sites. We even have a gaming website that sponsors our biggest cricket event, the IPL. All our mega stars that we watch every night dance to the tune of the commercials that these companies come in between frames.
Consider this: these days when the nation mourns the death of an innocent Kashmiri Pandit (Rahul Bhatt) at the hands of terrorists; we are horrified that the headquarters of the Punjab Police was attacked with a grenade launcher;
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