{"id":957055,"date":"2025-08-23T10:00:57","date_gmt":"2025-08-23T04:30:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=957055"},"modified":"2025-08-23T11:32:44","modified_gmt":"2025-08-23T06:02:44","slug":"view-india-s-betting-app-ban-will-stoke-money-laundering","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/23\/view-india-s-betting-app-ban-will-stoke-money-laundering\/","title":{"rendered":"View: India \u2019s betting-app ban will stoke money laundering"},"content":{"rendered":"<p>India has stunned its online gaming industry by moving legislation to ban real-money stakes. At first blush, the reasons for hitting the kill switch appear valid. Rising addiction, money laundering and financial frauds through these apps are all serious problems. <\/p>\n<p>However, I wonder if policymakers have thought through the implications. All that prohibition ever does is to push users toward moonshine \u2014 in this case offshore casinos. They will take in wagers and pay out winnings via crypto, giving a boost to illegal, two-way money flows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has stunned its online gaming industry by moving legislation to ban real-money stakes. At first blush, the reasons for hitting the kill switch appear valid. Rising addiction, money laundering and financial frauds through these apps are all serious problems. However, I wonder if policymakers have thought through the implications. All that prohibition ever does is to push users toward moonshine \u2014 in this case offshore casinos. They will take in wagers and pay out winnings via crypto, giving a boost to illegal, two-way money flows.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-957055","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=957055"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957055\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=957055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=957055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=957055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}