From boom to ban: The rise and fall of India's betting apps

India has witnessed the rise and fall of betting apps; a once-booming Real Money Games (RMG) industry is now banned due to increasing addiction and financial distress among users. The country has passed a law outlawing money-based online games, leading to the closure of major platforms like Dream11 and My11Circle. The ban has received criticism for its impact on the thriving sector that previously generated significant tax revenue and jobs, highlighting the debate over distinguishing between "games of skill" and "games of chance" in the online gaming industry.