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The shadow economy of online gaming: How money moves beyond the screen

The shadow economy of online gaming: How money moves beyond the screen

04 Sep 2025, 18:01 PM

Behind flashy apps and jackpots lies a complex web of mule accounts, payouts, and payment tricks that move thousands of crores beyond the screen.

What India

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

01 Sep 2025, 12:02 PM

In today’s edition, we uncover the messy underbelly of India’s gaming ban and its deep ties to UPI; and can RBI’s FREE-AI framework finally push finance into the AI age?

Who Reads Us

Fintech Highlights

  1. IPO-bound Moneyview secures Rs 100 crore debt funding from RevX Capital, Motilal Oswal, others

  2. Vyapar FY25 revenue up 53% to Rs 66 crore

  3. Vyapar acquires AI accounting platform Suvit

  4. Zerodha invests in stock analytics platform Tijori Finance

  5. Blostem bags pre-Series A funding led by Rainmatter
  6. Read more news...

AI/Emerging Tech

  1. Reliance Industries, JV partners to invest $11 bn to build AI data centre in India

  2. Agnikul Cosmos raises $17 million at $500 million valuation

  3. Zinit raises seed funding led by AltaIR Capital

  4. Anthropic launches Claude Opus 4.5

  5. Accel, Google team up to invest in Indian AI startups
  6. Read more news...

IPO Tales

  1. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor

  2. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  3. The Bull Run Broker: Inside Groww's $7 billion IPO

  4. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality
  5. Read more news...

Money & Machines

  1. ONDC confused me for years — now AGI is confusing everyone

  2. The Paytm Ledger; How Dunzo's Biswas lit up India's next AI deal wave

  3. Two crises, one theme — how tech is testing fintech and journalism

  4. Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive
  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar