The Enforcement Directorate conducted raids at multiple locations in Bengaluru and Delhi as part of an investigation into an alleged ₹1,000 crore online gambling and money laundering case.
The searches reportedly included premises linked to Gameskraft Technologies and other entities suspected of involvement in illegal online betting activities.
Digital evidence reportedly seized
Officials said investigators recovered digital devices, financial records and electronic evidence during the raids. The probe is being carried out under provisions related to money laundering and alleged illegal betting operations.
Authorities are reportedly examining financial transactions, online gaming platforms and payment trails connected to the case.
The investigation is expected to focus on whether illegal betting proceeds were routed through complex digital channels and shell entities.
Online gaming sector under scrutiny
The case has once again brought attention to the rapidly growing online gaming and betting industry in India.
Experts note that while online gaming itself is legal in certain formats, authorities continue to closely monitor platforms suspected of enabling unlawful betting or gambling activities.
Regulatory uncertainty surrounding online real-money gaming has led to multiple legal and tax disputes in recent years.
Bengaluru’s tech ecosystem impacted
Bengaluru, a major hub for gaming startups and digital technology companies, has witnessed rapid growth in online gaming businesses over the past few years.
Industry observers say investigations involving large gaming firms often raise wider concerns regarding compliance standards, taxation and regulatory clarity within the sector.
The online gaming industry has repeatedly called for clear national regulations distinguishing skill-based gaming from gambling activities.
Probe continues
The Enforcement Directorate is expected to continue analysing seized digital evidence and financial data as part of the investigation.
Officials have not yet disclosed the full extent of alleged financial irregularities or whether further summons and arrests may follow.
The case is likely to remain closely watched due to the growing size and influence of India’s online gaming industry.#ED #Bengaluru #OnlineGaming #MoneyLaundering #Crime #newskarnataka