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		<title>Replacement of &#8216;Dream11&#8217; has been found, Team India&#8217;s new jersey sponsor will become a company with 30 thousand crores net worth</title>
		<link>https://fastnewsglobe.com/replacement-of-dream11-has-been-found-team-indias-new-jersey-sponsor-will-become-a-company-with-30-thousand-crores-net-worth/</link>
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		<pubDate>Tue, 16 Sep 2025 11:19:19 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Apollo Tyres]]></category>
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		<guid isPermaLink="false">https://fastnewsglobe.com/replacement-of-dream11-has-been-found-team-indias-new-jersey-sponsor-will-become-a-company-with-30-thousand-crores-net-worth/</guid>

					<description><![CDATA[<p>A few weeks ago, due to the online gaming bill, Dream 11 had to end...</p>
<p>The post <a href="https://fastnewsglobe.com/replacement-of-dream11-has-been-found-team-indias-new-jersey-sponsor-will-become-a-company-with-30-thousand-crores-net-worth/">Replacement of &#8216;Dream11&#8217; has been found, Team India&#8217;s new jersey sponsor will become a company with 30 thousand crores net worth</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">A few weeks ago, due to the online gaming bill, Dream 11 had to end its deal with the Board of Control for Cricket in India (BCCI). Now the Times of India has revealed in the report that &#8216;Apollo Tires&#8217; can be the new jersey sponsor of Team India. It is being told that Apollo Tires can pay Rs 4.5 crore for each match. This will be 50 lakh rupees more than the Deal of Dream 11. Dream 11 used to give Rs 4 crore for each match.</p>
<p style="text-align: justify;">According to the Times of India, &#8216;Canva&#8217; and JK Tyres also bid to become the new jersey sponsor of Team India. At the same time, Birla Optus Paints was also keen to invest, but did not want to bid. The bid was put on 16 September to get sponsorship. At the same time, the BCCI invited dialects for the title sponsorship on 2 September. The statement issued by BCCI clearly stated that gaming, betting, crypto and tobacco companies would not be allowed to bid. </p>
<p style="text-align: justify;">Let me tell you that there is no sponsor on Team India&#8217;s jersey in the Asia Cup. If the deal is finalized with Apollo Tires, then on the West Indies Tour, Team India can enter the field wearing a jersey named &#8216;Apollo Tyres&#8217;. The two -match Test series between India and West Indies is going to start from October 2. The first Test match will be played in Ahmedabad from October 2 and the second Test from October 10 in Delhi.</p>
<p style="text-align: justify;">Apollo Tires has also been associated with other sports teams. He has a special interest in football clubs on Khatore. The company has also been associated with Manchester United, Chennen FC and Indian Super League.</p>
<p style="text-align: justify;"><strong>Also read:</strong></p>
<p style="text-align: justify;"><strong>T20I Record: Indian bowlers who took 5 wickets in T20 International, only 5 players have done this feat</strong></p>
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<p><a href="https://www.abplive.com/sports/cricket/apollo-tyres-may-become-indian-cricket-team-new-jersey-sponsor-total-net-worth-30-thousand-crore-net-worth-apollo-tyres-3013612" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/replacement-of-dream11-has-been-found-team-indias-new-jersey-sponsor-will-become-a-company-with-30-thousand-crores-net-worth/">Replacement of &#8216;Dream11&#8217; has been found, Team India&#8217;s new jersey sponsor will become a company with 30 thousand crores net worth</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">82257</post-id>	</item>
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		<title>This company knocked on Karnataka High Court&#8217;s door against online gaming law</title>
		<link>https://fastnewsglobe.com/this-company-knocked-on-karnataka-high-courts-door-against-online-gaming-law/</link>
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		<pubDate>Thu, 28 Aug 2025 12:41:09 +0000</pubDate>
				<category><![CDATA[Lastest News]]></category>
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		<guid isPermaLink="false">https://fastnewsglobe.com/this-company-knocked-on-karnataka-high-courts-door-against-online-gaming-law/</guid>

					<description><![CDATA[<p>A23, an online gaming company in India, has knocked on the Karnataka High Court on...</p>
<p>The post <a href="https://fastnewsglobe.com/this-company-knocked-on-karnataka-high-courts-door-against-online-gaming-law/">This company knocked on Karnataka High Court&#8217;s door against online gaming law</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
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<p style="text-align: justify;">A23, an online gaming company in India, has knocked on the Karnataka High Court on Thursday (August 28, 2025) challenging the ban on the Modi government&#8217;s online-based sports. After signing on behalf of President Draupadi Murmu, this first petition has been filed in the court against this law. Since the enactment of this law, popular competitions of many online gaming platforms suddenly stopped and the future of the online gaming industry also became uncertain.</p>
<p style="text-align: justify;">Real-money online gaming business was shocked when Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025. Under this bill, all types of money-based online games have been banned. On the other hand, e-spormers and online social games have been promoted.</p>
<p style="text-align: justify;">After getting approval from President Draupadi Murmu, this bill has now become a law. The purpose of which is to curb cases of increasing drugs, money laundering and financial fraud through such apps.</p>
<p><strong>Online gaming platforms closed real money games</strong></p>
<p>After the passage of this bill from Parliament, online gaming platforms such as Dream 11, Mai 11 Circle, Vinjo, Jupi and Pokering of Darsara Technology have shut down their real money offer.</p>
<p><strong>In Karnataka High Court </strong><strong>A</strong><strong>23 what did you say</strong><strong>,</strong></p>
<p>According to a report by Reuters, A23 is a gaming platform that provides online to sports like Rummi and Poker. In the petition filed in the Karnataka High Court, A23 said, &#8220;This law puts the legitimate business of playing online game based on skills in the category of crime. Many online gaming companies may have to stop overnight.&#8221;</p>
<p>A23 also said in its petition that the new law is the result of the mentality to be the state owner. This law has been applied to sports with skills like Rummi and Poker, which should be declared unconstitutional. However, the IT Ministry has not yet responded to the matter.</p>
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<p><a href="https://www.abplive.com/news/india/a23-gaming-company-filed-case-in-karnataka-high-court-against-modi-government-new-online-gaming-law-3003050" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/this-company-knocked-on-karnataka-high-courts-door-against-online-gaming-law/">This company knocked on Karnataka High Court&#8217;s door against online gaming law</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">73162</post-id>	</item>
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		<title>Dream11 out from Team India&#8217;s Jersey! Sponsorship finishes from Online Gaming Ban &#124; Paisa Live &#124; Dream11 out of Team India&#8217;s Jersey! Sponsorship ends due to online gaming ban</title>
		<link>https://fastnewsglobe.com/dream11-out-from-team-indias-jersey-sponsorship-finishes-from-online-gaming-ban-paisa-live-dream11-out-of-team-indias-jersey-sponsorship-ends-due-to-online-gaming-ban/</link>
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		<pubDate>Tue, 26 Aug 2025 13:09:34 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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					<description><![CDATA[<p>Dream11 will no longer be seen on Team India&#8217;s jersey! Yes, The Iconic Dream11 Branding,...</p>
<p>The post <a href="https://fastnewsglobe.com/dream11-out-from-team-indias-jersey-sponsorship-finishes-from-online-gaming-ban-paisa-live-dream11-out-of-team-indias-jersey-sponsorship-ends-due-to-online-gaming-ban/">Dream11 out from Team India&#8217;s Jersey! Sponsorship finishes from Online Gaming Ban | Paisa Live | Dream11 out of Team India&#8217;s Jersey! Sponsorship ends due to online gaming ban</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
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<p>Dream11 will no longer be seen on Team India&#8217;s jersey! Yes, The Iconic Dream11 Branding, Seen on Indian Cricket Jerse for years for years, is officially going off! The 358 crore sponsorship deal between BCCI and Dream11 is now over. The reason is the new law &#8211; Online Gaming Promotion &#038; Regulation Bill 2025, which has been approved by President Draupadi Murmu by passing Parliament. Under this bill, Real Money Gaming such as fantasy sports, rummy, poker, and lottery has now been banned completely. Government says that the purpose of this law is to prevent Youth from addiction, money laundering and stop gaming frauds. BCCI Secretary Devjit Saikia clearly said that no fantasy gaming company will be connected to Team India or IPL. Brands like Dream11 and My11Circle had given sponsorship of more than ₹ 1000 crores so far. Now the question arises &#8211; Who will be the new sponsor of TEAM India jersey? And is this tough decision really right</p>
</div>
<p><a href="https://www.abplive.com/videos/business/dream11-out-of-team-india-s-jersey-sponsorship-ends-due-to-online-gaming-ban-paisa-live-3001903" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/dream11-out-from-team-indias-jersey-sponsorship-finishes-from-online-gaming-ban-paisa-live-dream11-out-of-team-indias-jersey-sponsorship-ends-due-to-online-gaming-ban/">Dream11 out from Team India&#8217;s Jersey! Sponsorship finishes from Online Gaming Ban | Paisa Live | Dream11 out of Team India&#8217;s Jersey! Sponsorship ends due to online gaming ban</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">72097</post-id>	</item>
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		<title>From game to gold: Dream11 launched Dream Money App &#8211; Know what is special! Paisa Live &#124; From game to gold: dream11 launches dream money app &#8211; Know what is special!</title>
		<link>https://fastnewsglobe.com/from-game-to-gold-dream11-launched-dream-money-app-know-what-is-special-paisa-live-from-game-to-gold-dream11-launches-dream-money-app-know-what-is-special/</link>
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		<pubDate>Mon, 25 Aug 2025 14:21:02 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://fastnewsglobe.com/from-game-to-gold-dream11-launched-dream-money-app-know-what-is-special-paisa-live-from-game-to-gold-dream11-launches-dream-money-app-know-what-is-special/</guid>

					<description><![CDATA[<p>Dream11 is no longer a gaming app now! After the gaming ban, the company has...</p>
<p>The post <a href="https://fastnewsglobe.com/from-game-to-gold-dream11-launched-dream-money-app-know-what-is-special-paisa-live-from-game-to-gold-dream11-launches-dream-money-app-know-what-is-special/">From game to gold: Dream11 launched Dream Money App &#8211; Know what is special! Paisa Live | From game to gold: dream11 launches dream money app &#8211; Know what is special!</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p>Dream11 is no longer a gaming app now! After the gaming ban, the company has entered the world of finance through Dream Money App. In this new app, users can now invest in FD from ₹ 10 to digital gold, ₹ 1000 and SIP &#8211; that too without bank account! Tie-ups for FD are Suryoday, Shivalik and Shriram Finance. AI-Based Financial Advisor through Sigfin (SEBI registered) you can track expenses, link bank accounts, mutual funds, stocks and ETFs. This app gives you personalized financial tips and asset insights every day &#8211; that is, now there will be a smart money assistant in your pocket.</p>
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<p><a href="https://www.abplive.com/videos/business/from-game-to-gold-dream11-launches-dream-money-app-know-what-is-special-paisa-live-3001357" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/from-game-to-gold-dream11-launched-dream-money-app-know-what-is-special-paisa-live-from-game-to-gold-dream11-launches-dream-money-app-know-what-is-special/">From game to gold: Dream11 launched Dream Money App &#8211; Know what is special! Paisa Live | From game to gold: dream11 launches dream money app &#8211; Know what is special!</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>BCCI and Dream11 agreement ends before Asia Cup, BCCI Secretary made a big statement</title>
		<link>https://fastnewsglobe.com/bcci-and-dream11-agreement-ends-before-asia-cup-bcci-secretary-made-a-big-statement/</link>
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		<pubDate>Mon, 25 Aug 2025 06:56:05 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
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		<guid isPermaLink="false">https://fastnewsglobe.com/bcci-and-dream11-agreement-ends-before-asia-cup-bcci-secretary-made-a-big-statement/</guid>

					<description><![CDATA[<p>There is now about 15 days left for the Cricket Asia Cup to start 2025,...</p>
<p>The post <a href="https://fastnewsglobe.com/bcci-and-dream11-agreement-ends-before-asia-cup-bcci-secretary-made-a-big-statement/">BCCI and Dream11 agreement ends before Asia Cup, BCCI Secretary made a big statement</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
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<p style="text-align: justify;">There is now about 15 days left for the Cricket Asia Cup to start 2025, before the BCCI&#8217;s agreement with the Indian cricket team&#8217;s title sponsor Dream11 is over. This step was taken after the &#8216;online gaming (promotion and regulation) Bill 2025&#8217; was implemented. BCCI Secretary Devjit Saikia gave this information.</p>
<p style="text-align: justify;">Speaking to ANI, BCCI Secretary Devjit Saikia said, &#8220;Online gaming promotion and regulation bill, after the implementation of 2025, BCCI and Dream 11 are finishing their contracts. The BCCI will ensure that in future it does not have any connection with any such organization.&#8221;</p>
<blockquote class="twitter-tweet"><p>&#13;</p>
<p dir="ltr" lang="en">Bcci and Dream 11 Are Discontinuing their Relationship after the Promotion and Regulation of Online Gaming Bill, 2025, was passed. Bcci will ensure not to indulge with any such organizations ahead in future: bcci secretary devajit saikia to ani <a href="https://t.co/RCJ5lTHvB3" rel="nofollow">pic.twitter.com/RCJ5LTHVB3</a></p>
<p>&#8211; ANI (@ani) <a href="https://twitter.com/ANI/status/1959850475022401793?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">August 25, 2025</a></p></blockquote>
<h3><strong>BCCI and Dream11 agreement was reached in 2023</strong></h3>
<p>In 2023, the 3 -year agreement between Dream 11 and BCCI was for Rs 358 crore. After this, you used to see the branding of this company in front of the Indian senior men&#8217;s team, women and under-19 team jersey. This contract was till 2026, but after the new law, this agreement is being abolished ahead of time.</p>
<h3><strong>Will Team India play without title sponsor in Asia Cup?</strong></h3>
<p>Now the biggest question is whether the Indian cricket team will play without a title sponsor in the Asia Cup, or before that BCCI will make a short -term agreement. Because the BCCI would not want to make any longer agreement in a hurry. The Asia Cup is being held on 9 September, India&#8217;s first match is with the UAE on 10 September. After this, India&#8217;s next match is with Pakistan on 14 September. India&#8217;s last match in the group stage will be with Oman on 19 September.</p>
<h3>Now no good for those who run money gaming and advertisements</h3>
<p>Only after the law came in the Lok Sabha, online gaming companies stopped their money gaming business. Now there will be strict action against those who run such money gaming, it has a provision of 3 years and Rs 1 crore. In this platform, those who do or promote an advertisement may also be fined 2 years or a fine of Rs 50 lakh.</p>
<p>Now social games will be promoted, so that the players play in a responsibility and safe manner. Now e -sports will get legal recognition as a game, which was not yet.</p>
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		<title>Dream11 broke crores of deal with BCCI! Team India&#8217;s jersey will change in Asia Cup; Big disclosure in the report</title>
		<link>https://fastnewsglobe.com/dream11-broke-crores-of-deal-with-bcci-team-indias-jersey-will-change-in-asia-cup-big-disclosure-in-the-report/</link>
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		<pubDate>Sun, 24 Aug 2025 18:29:43 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Bcci]]></category>
		<category><![CDATA[Dream11]]></category>
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					<description><![CDATA[<p>The &#8216;Dream 11&#8217; company has been in discussion after the online gaming bill. A few...</p>
<p>The post <a href="https://fastnewsglobe.com/dream11-broke-crores-of-deal-with-bcci-team-indias-jersey-will-change-in-asia-cup-big-disclosure-in-the-report/">Dream11 broke crores of deal with BCCI! Team India&#8217;s jersey will change in Asia Cup; Big disclosure in the report</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;">The &#8216;Dream 11&#8217; company has been in discussion after the online gaming bill. A few days after the bill passed, Dream 11 has ended the sponsorship deal with BCCI. According to The Indian Express, a source said that Dream 11 officials have made it clear in front of BCCI CEO Hemang Amin that they will not be able to release the deal. Let us know that this deal started in 2023, which was to be run by 2026, but the online gaming bill has now been made, which has the most hit on those companies in which money is transacted.</p>
<p style="text-align: justify;">Quoting The Indian Express, a BCCI source said, &#8220;Some representatives of Dream 11 reached the BCCI office and clarified in front of CEO Hemung Amin that he would not be able to continue the sponsorship deal further. Which means that &#8216;Dream11&#8217; will not be written on the Jersey of the Asia Cup.</p>
<p style="text-align: justify;">According to another official, there will be no penalty when the deal ends quickly. Because a clause was added to the contract, which says that due to any policy brought by the government, the business of sponsor is affected, then it will not have to pay any additional money to the board.</p>
<p style="text-align: justify;">Let us tell you that Dream 11 started about 18 years ago. It emerged as India&#8217;s largest online gaming platform. Its brand value has been estimated at about 8 billion dollars i.e. more than 69 thousand crore rupees. BCCI signed a sponsorship deal of Rs 358 crore with Dream 11 in July 2023.</p>
<p style="text-align: justify;">Also read:</p>
<p style="text-align: justify;">Dream11 broke crores of deal with BCCI! Team India&#8217;s jersey will change in Asia Cup; Big disclosure in the report</p>
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<p><a href="https://www.abplive.com/sports/cricket/dream11-reportedly-ends-sponsorship-deal-with-bcci-just-weeks-before-asia-cup-2025-team-india-new-jersey-sponsor-3000876" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/dream11-broke-crores-of-deal-with-bcci-team-indias-jersey-will-change-in-asia-cup-big-disclosure-in-the-report/">Dream11 broke crores of deal with BCCI! Team India&#8217;s jersey will change in Asia Cup; Big disclosure in the report</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>Will Dream11 and My11Circle play stop? These platforms are threatened by online gaming bill</title>
		<link>https://fastnewsglobe.com/will-dream11-and-my11circle-play-stop-these-platforms-are-threatened-by-online-gaming-bill/</link>
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		<pubDate>Thu, 21 Aug 2025 02:49:15 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dream11]]></category>
		<category><![CDATA[My11circle]]></category>
		<category><![CDATA[online gaming]]></category>
		<category><![CDATA[Online Gaming Bill]]></category>
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					<description><![CDATA[<p>Online Gaming: On Wednesday, the online gaming promotion and regulation Bill 2025 was passed in...</p>
<p>The post <a href="https://fastnewsglobe.com/will-dream11-and-my11circle-play-stop-these-platforms-are-threatened-by-online-gaming-bill/">Will Dream11 and My11Circle play stop? These platforms are threatened by online gaming bill</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>Online Gaming: </strong>On Wednesday, the online gaming promotion and regulation Bill 2025 was passed in the Lok Sabha. It is proposed to ban Real Money Games (RMGS). Real Money Games call him, where players deposit a lot of money in the hope of winning the rewards. The bill also said that online money games and advertisements promoting them should also be banned.</p>
<h3 style="text-align: justify;">This is the purpose of online gaming bill</h3>
<p style="text-align: justify;">The aim of the government is to promote betting under the guise of online gaming and tighten the companies involved in gambling. However, due to this, there are many Indian apps and gaming platforms prepared in real money format. This bill has passed in the Lok Sabha. Now it will be sent to Rajya Sabha for voting and debate. After this, the online gaming bill 2025 law can be made with the approval of the President. Let us see which Indian gaming apps will affect this online gaming bill. </p>
<p style="text-align: justify;"><strong>Dream11-</strong> This is a fantasy sports platform, in which the user has to form its virtual team. In cricket, there are 11-11 total 22 players in cricket. Out of these 22 players, 11 players have to be selected and a team has to be formed.</p>
<p style="text-align: justify;">Now during the real match, the player who performs like the player, the points are made accordingly. Finally, the one who has the most points wins the contest. It has been downloaded by more than 100 million people on Google Play Store and its rating is 4.5/5 stars.</p>
<p style="text-align: justify;">During events like IPL, it flourishes and flourishes. One of India&#8217;s largest RMG platforms is also in crisis at the existence of Dream 11 as the bill refers to the ban on fantasy gaming apps running on &#8216;subscription model&#8217;, which contain money transactions. </p>
<p><strong>My11Circle-</strong> This is also a fantasy sports app like Dream 11. In this too, users form teams and during the live match, the team scores the points on the basis of the players&#8217; performance. If your team makes more points than the team formed by others, then your rank increases and you get a reward. This one </p>
<p style="text-align: justify;">If your team makes more points than the team formed by other people, then your rank increases and you can win the money. This is a skill based gaming app. That is, if you know about sports like cricket, football and kabaddi or their players, then you can win a cash prize on My11CIRCLE.</p>
<p style="text-align: justify;">It has 5 crores downloads on Google Play Store and has a rating of 4.3/5 stars. Since My11Circle&#8217;s business model is also similar to Dream 11. That is, it also costs entry fees and cash prizes are given, so with the enactment of law on the online bill, it will also be declared illegal, which can shut down the platform. </p>
<p style="text-align: justify;"><strong>Winzo-</strong> This is a multi-game platform created by the tickets skills games. It is also based on real-money format. It gets a chance to win a cash reward by joining the contest through its card games, casual games and quiz. Winzo Ludo: Play Ludo Online game has more than 50 million downloads on Google Play Store and its rating is 4.1/5 stars. </p>
<p style="text-align: justify;">Apart from these, howzat &#8211; Fantasy Cricket App, SG11 Fantasy, Junglee Games (Junglee Rummy, Junglee Poker), Games24x7 (My11CIRCLE, Rummycircle), Pokerbaazi, Nazara Technologies, The alarm bell is also hanging on gaming platforms like Gameskraft and MyTeam11. </p>
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		<title>IPL Betting of 8.3 Lakh Crores Burden on UPI and Banking System Has Increased</title>
		<link>https://fastnewsglobe.com/ipl-betting-of-8-3-lakh-crores-burden-on-upi-and-banking-system-has-increased/</link>
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		<pubDate>Mon, 14 Apr 2025 12:33:34 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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					<description><![CDATA[<p>IPL Betting: While the Indian Premier League (IPL) is a source of entertainment and adventure...</p>
<p>The post <a href="https://fastnewsglobe.com/ipl-betting-of-8-3-lakh-crores-burden-on-upi-and-banking-system-has-increased/">IPL Betting of 8.3 Lakh Crores Burden on UPI and Banking System Has Increased</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>IPL Betting:</strong> While the Indian Premier League (IPL) is a source of entertainment and adventure for cricket lovers, on the other hand it has become a technical challenges for India&#8217;s banking system. Illegal and legitimate betting activities during this tournament have put tremendous pressure on the IT infrastructure of banks.</p>
<p style="text-align: justify;"><strong>The direct impact of betting on banking system</strong></p>
<p style="text-align: justify;">According to the Economic Times reports, India has an illegal betting of more than $ 100 billion (about 8.3 lakh crore) during the IPL every year. These betting is mostly through foreign online platforms, which provide services to Indian citizens through cryptocurrency and &#8216;muel accounts&#8217;.</p>
<p style="text-align: justify;">However, fantasy sports platforms such as Dream11 and Prediction Market Proobo are also becoming increasingly popular in India. Through them, people impose match-based conditions with real funds, for which banks have to ensure immediate and safe transaction through the UPI network.</p>
<p style="text-align: justify;"><strong>Heavy traffic pressure on UPI&#8217;s capacity</strong></p>
<p style="text-align: justify;">India&#8217;s UPI system has become the world&#8217;s largest real-time digital payment system, handling transactions of more than $ 3 trillion (about 250 million crores) annually. The number of transactions increases rapidly in the IPL season, which increases the load and failure rates on the server.</p>
<p style="text-align: justify;">Every month, the National Payments Corporation of India (NPCI) released a report of the &#8216;failure rate&#8217; of banks, which helps customers to decide which bank they should keep an account in.</p>
<p style="text-align: justify;"><strong>Increasing monitoring on transaction </strong></p>
<p style="text-align: justify;">The Reserve Bank of India (RBI) has also taken a tough stand on digital performance and cyber security of banks. In such a situation, banks are now resorting to Big Data and Artificial Intelligence (AI) based analytics companies. Startups such as Vunet Systems in Bangalore monitor about 1 billion transactions every day and process about 50 terabyte data per day.</p>
<p style="text-align: justify;"><strong>Also read: Most Powerful Currency: Dollar-Euro fails &#8230; No one runs in front of the currency of this Muslim country</strong></p>
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