Legal Alert: Online Cricket Betting in India — 1xBet, FairPlay, Dream11

[00:02] video. Now as soon as the cricket season starts, many people do online betting or are thinking of doing it. In such a situation, many people have various questions in their mind like whether online betting is legal or

[00:18] illegal, which is the best online betting website, how to do online betting etc. how to do online betting etc. You will get the answers to all these questions by the end of this video, so watch this video till the end without skipping and

[00:35] like the video right now. If you are new to our channel and are watching our video for the first time, then do new to our channel and are watching our video for the first time, then do not forget to subscribe to the channel because on this channel we keep

[00:51] start the video. If seen legally, online betting is legal according to the Public Gambling Act 1867 and Information Technology Act 1867 and Information Technology Act 2000. You

[01:04] 2000. You can play, but with some restrictions. Every state has its own gambling laws which regulate online betting. which regulate online betting. If you don't follow these regulations

[01:17] and invest your hard-earned money on any useless online betting website, your hard-earned money on any useless online betting website, you could find yourself embroiled in a money laundering case and even face jail time. Therefore, do

[01:30] jail time. Therefore, do

[01:49] financial losses and legal issues. If I were to consider the past two years, you've seen a significant number of advertisements from two companies on TV sports channels like Star Sports and OTT platforms like Hoster.

[02:08] other is FairPlay. I'd like to tell you that you can research these two companies yourself and see that a see that a case of surrogate advertising is currently pending against these two companies. These

[02:23] case of surrogate advertising is currently pending against these two companies. These two companies advertise to their customers by calling themselves sports blogs and news channels. They used to do this,

[02:35] My suggestion to you would be to disclosed.

[02:50] You can even do your own research and see that Ekas Bet, where most people in our country bet online, has recently been declared bankrupt. recently been declared bankrupt.

[03:08] According to a foundation, over the past few years, this company has Bet currently has a public winning amount of Rs 7 crore, which Ekas Bet is

[03:21] which Ekas Bet is not allowing its players to withdraw. So, not allowing its players to withdraw. So, congratulations to those who are able to withdraw, and those who are still playing on Ekas Bet, their money is in the hands of God. You will be

[03:36] surprised to know that Ekas Bet is a Russian company and has already obtained the license for online betting in its own country. Even after 2 years,

[03:51] after 2 years, most of the people of our country are playing on this app. Isn't it a matter of shame that 68 users have given one star review to 1x Bet in Trust Pilot 68 users have given one star review to 1x Bet in Trust Pilot

[04:08] and the average rating of this app is less than two stars. I am telling you so much about 1x Bet because most of the people of India, Bangladesh, Nepal, because most of the people of India, Bangladesh, Nepal, Pakistan

[04:21] play on such useless websites which are blacklisted in foreign countries and in their own country. So you people have to stay away from such apps. You people have to save your hard earned money. You people have to save your hard earned money. If you people want to do legal, safe and

[04:37] If you people want to do legal, safe and secure online betting then you people will have to quit useless apps like 1x Bet and Fair Play.

[04:50] those who played on such apps have lost all their money. In India, if you register on any online betting app, then in the name of KYC verification, your Aadhar card, PAN card etc. are taken. Now I would like to tell you people here that

[05:07] when your PAN card is linked with any online betting app If it is linked, then the government knows app If it is linked, then the government knows

[05:19] withdrawing from there. You people might think that brother, this is my online betting money, I will not tell the government, the government will not even know about it, but it is not like that. government will not even know about it, but it is not like that.

[05:32] may have a laptop, you may have a super computer, but the government has IT, but the government has IT, AI, the government knows about every transaction, how much money you are investing in online betting

[05:46] and how much profit you are making from there. So, do not think even by mistake that you will ever be able to hide the money of online betting. Online betting is not a crime, it is absolutely legal and whatever money you win here, according to section 115 BB of Income Tax, the

[06:04] whatever money you win here, according to section 115 BB of Income Tax, the government takes a tax of 30% on your winning amount. If you win Rs. 00 on any app, then the

[06:18] If you win Rs. 00 on any app, then the government will deduct 30%. While filing income tax, you will not have to tell your CA or your income tax lawyer that Sir, whatever I have won, I have won it from an online betting.

[06:32] You can deduct 30% from here. The government gets to know about that transaction and the government does not ask you any questions because the government already knows. Now day by day some new apps are coming in the market which claim that

[06:48] no KYC required, no document required. I would like to tell you only one thing about such apps, be careful, any such app which does

[07:01] not link your PAN card to its app in the name of KYC, in such a scenario your money gets hidden from the government and you do not pay tax there,

[07:17] not pay tax there, in order to save 30% tax, your entire property can be seized and you people are bound to face 10 years of jail thing that on the basis of the videos till now I've explained to you exactly

[07:35] which online betting apps you should avoid so you don't face any financial or legal issues. If you, like decent people, bet on a good online betting website, you wo

[07:51] n't have any problems in the future. Now, if I talk about my suggestions, for the past three years, thousands of my members have been betting online on Mega Pari.

[08:03] betting online on Mega Pari.

[08:32] In the description box below this video, you'll find a link to our Tegra channel. Go there and check out our members' feedback and reviews. Now, as I said, for the past three years, based on my suggestions, thousands of my

[08:49] members have been betting online on Mega Pari. Now, you'll find the Mega Pari registration link Now, you'll find the Mega Pari registration link you to the registration page. Here, you simply enter your phone number

[09:04] Here, you simply enter your phone number and OTP. Instead of the bonus code, enter If you deposit FD bonus then you will then you will get a bonus of 100% on your first deposit and every Friday you will

[09:19] get a bonus of 100% on your first deposit and every Friday you will After the registration is complete,

[09:33] available for betting here, but the most important thing for betting is money. To deposit money, you get to see many options here get to see many options here like

[10:00] paytmfirstgames.com, so in such a case, you will get

[10:31] in the description box below this video. I hope that till now in this video, I have been able to clear many of your doubts related to online betting to a great extent and you must have liked this video a lot, so see you

[10:46] see you in the next video, till then best of luck