From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown
Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.
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Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.
The ruling effectively validates tax demands running into nearly Rs 2.5 lakh crore, including penalties, against gaming companies.
ED seized cash, bullion, incriminating documents, froze four luxury vehicles; and identifies Dubai-based Grenadian national as Pay10's alleged ultimate beneficial owner.
The ED also alleged that the gaming company used bots to play games against users without their knowledge, causing losses of about Rs 1,154 crore to players.
As per the DGGI, around 47 online gaming-linked entities processed transactions worth nearly Rs 1,644.96 crore through SabPaisa.
The case is linked to alleged illegal gains made through Gameskraft's real-money gaming apps, including RummyCulture and RummyTime.
In this edition, we write about how India's law enforcement agency's crackdown on fintech companies continues; and the debate on the economics of AI...
The government has also constituted the Online Gaming Authority of India (OGAI) under the law to oversee implementation of the new compliance regime for gaming platforms.
Over the past three months, officials from 6-7 fintech firms, including Fino Payments Bank, have been arrested, sent to custody, had their offices searched, or bank accounts frozen in connection with illegal gaming tax evasion cases.
The value of debt collection by agencies via the UPI had reached as much as Rs 93,857 crore across 161.36 million transactions in July 2025.
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Behind flashy apps and jackpots lies a complex web of mule accounts, payouts, and payment tricks that move thousands of crores beyond the screen.
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Paytm has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues.
The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."
First Games said it will file a writ petition challenging the proposed liability of Rs 5,712 crore along with applicable interest and penalties.