P2Pš³ļø India traces $7.4 billion in transactions linked to unregulated iGaming
Indiaās DGGI has identified around 700 billion rupees, roughly $7.4 billion, in transactions linked to unregulated gambling platforms during one financial year.
The figure represents transaction volume, not operator revenue, unpaid tax or confirmed losses to the state. The actual fiscal impact is still being assessed.
The findings come from a 14-month investigation into iGaming networks that authorities believe may also have been used to move or launder funds. The report was submitted to the CBIC in August.
Now DGGI wants payment data to show more than just who received the money.
One proposal would require payment systems to record the website that redirected the user to the payment, while businesses would also have to disclose all bank accounts linked to their GST registration.
The problem is that illegal gambling platforms can route deposits through third-party companies, so banks and PSPs may only see the company receiving the payment ā not the gambling website behind it.
If adopted, the rule would make the originating domain part of payment monitoring itself, giving authorities a direct link between the website, payment flow and settlement account.
The framework is not final yet. India still needs to decide whether the data should be collected and stored by platforms, PSPs, aggregators or banks, and how the declared website information will be verified.
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India traces $7.4 billion in transactions linked to unregulatedā¦
Hinglish
š³ļø India mein unregulated iGaming se judi $7.4 billion ki transactions ka pata chala hai
India ke DGGI ne ek financial year ke dauran unregulated gambling platforms se judi lagbhag 700 billion rupees, yani kareeb $7.4 billion, ki transactions identify ki hain.
Ye figure transaction volume ko dikhata hai, operator ki revenue, unpaid tax ya government ko hua confirmed loss nahi. Actual fiscal impact ka assessment abhi kiya ja raha hai.
Ye findings 14 mahine ki investigation ke baad saamne aayi hain. Authorities ka maanna hai ki in iGaming networks ka use funds ko move ya launder karne ke liye bhi kiya gaya ho sakta hai. Report August mein CBIC ko submit ki gayi thi.
Ab DGGI chahta hai ki payment data mein sirf ye na dikhaya jaye ki paisa kisne receive kiya.
Ek proposal ke mutabik, payment systems ko us website ka record rakhna hoga jahan se user payment page par redirect hua tha. Saath hi businesses ko apne GST registration se jude sabhi bank accounts disclose karne honge.
Problem ye hai ki illegal gambling platforms deposits ko third-party companies ke through route kar sakte hain. Is wajah se banks aur PSPs ko sirf payment receive karne wali company dikh sakti hai, gambling website nahi.
Agar ye rule lagu hota hai, to payment monitoring mein originating domain bhi include ho jayega. Isse authorities website, payment flow aur settlement account ke beech direct connection establish kar sakengi.
Ye framework abhi final nahi hai. India ko abhi decide karna hai ki ye data platforms, PSPs, aggregators ya banks mein se kaun collect aur store karega, aur declared website information ko verify kaise kiya jayega.