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The Indian Premier League India (IPL) 2025 has triggered a surge in the digital transactions used vehemently in India, the UPI network and other banking infrastructure. In this season, the significant increase in fantasy gaming and betting activities is noticed.
During the IPL season, unauthorised and unregulated channels place bets worth an estimated $100 billion. Foreign online platforms primarily facilitate these illegal betting activities by offering cryptocurrency and mule accounts to Indian citizens. Therefore, the deposition of these funds has the banks overflowing and the UPI outages.
The fantasy sports platforms like Dream11, My11Circle, and MPL have been aggressively promoting their platforms in the ads that appear in the middle of the match with huge winning prizes of up to 3 crores. These platforms have seen a noticeable spike in user engagement as well. Although the mixing of the illegal and offshore betting sites makes it difficult for the users to distinguish between the legal and illegal platforms.
The National Payments Corporation of India (NPCI) and RBI have also expressed concerns about their overdependence on digital payment systems and this surge. Banks are also working to meet the increased demand and maintain the system integrity via advanced analytics and artificial intelligence.
The IPL season is a source of major sports entertainment in India, and many companies profit from this tournament. This intersection of sports enthusiasm and digital finance highlights the need for robust regulatory networks and technical advancement to secure the financial ecosystem of India.
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