Illegal sports betting platforms such as Parimatch, Betway, 1XBet, Betfair, Crickex, Fairplay, and Lotus365 have increased their operations in India during the Indian Premier League. The E-Gaming Federation of India is seeking a ban on these platforms due to their violation of laws. These sites also pose challenges in terms of tax evasion, money laundering, and national security risks. The use of these platforms exposes users to financial fraud and misuse of personal data. The government is considering new regulations and a KYC database to combat the illegal gambling sector.
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The Enforcement Directorate (ED), Mumbai Zonal office conducted a search operation in Mumbai in connection with a case involving the sale of fake paintings. The search revealed the operations of a cartel involved in trading fake artworks and the generation of fake certificates.
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An IT professional from Aluva became a victim of an online trading scam. The cybercriminals promised high returns through online trading and convinced the victim to invest Rs 50 lakh. Cyber Crime Police Station (Rural) has registered a case, and it highlights the need for caution and awareness about such scams. Last year, more than 157 people in the district fell prey to cyberspace frauds, losing significant amounts of money.
