Gambling is prohibited in India by the Public Gambling Act, 1867. However, the law excludes games of skill from its purview
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Will India cross 5 crore covid cases? Will bitcoin be priced at ₹31,00,000 at midnight of 2 February 2021? Will U Mumbai beat the Patna Pirates at Kabaddi? These are some of the questions that Better Opinions, a 4-month old startup with around 1.5 lakh downloads allows people to trade on. Better Opinions is backed by Y Combinator and recently raised over $1 million in a pre-seed round. The startup is in its nascent stage but real money gaming is making increasing inroads among Indian consumers. A series of court decisions have opened the door to legalised wagers on some kinds of games by Indians. Dream11, Mobile Premier League (MPL), Paytm First Games are some of the other online gaming platforms that allow users to play real money games through fantasy sports, card games, etc. In a fantasy game, the user selects a real-life upcoming match of a sport to compete in, say cricket, picks a team with proxies of real players of that sport based on their real-life performance and earns points on the basis of performance of those players in the match.
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