ED uncovers hawala-fuelled online betting racket

According to officials, the agency conducted searches at four premises across the city as part of a money laundering probe linked to a cheating case registered at Lasudiya Police Station, Indore, under relevant sections of the Bharatiya Nyaya Sanhita (BNS).

The investigation revealed that several dabba trading and online betting platforms — VMoney, VM Trading, Standard Trades Ltd, IBull Capital, LotusBook, 11Starss, and GameBetLeague — were being operated using white-label applications. ADMIN rights for these apps were traded on a profit-sharing basis, effectively creating a layered digital ecosystem to mask illegal financial activity.