ASCI flags 413 offshore betting ads, signs MoU with gaming associations

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The story "ASCI flags 413 offshore betting ads, signs MoU with gaming associations" was covered 5 days ago by Business Standard, a news publisher based in India.

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ASCI flags 413 offshore betting ads, signs MoU with gaming associations - Business Standard

Quick Summary:

The illegal betting market in India receives deposits of over $100 billion per year, according to a report by the Digital India Foundation (DIF).

Since gambling ads are prohibited in most parts of the country, their large-scale presence is a breach of the law," said Manisha Kapoor, CEO and secretary general, ASCI.

It has set up a special monitoring cell to screen and report offshore betting and gambling advertisements to the concerned ministries.