The real-money gaming scene in India has transformed dramatically over the last decade, with exciting new trends emerging along the way.
In this article, we’ll explore some of the key trends that have driven this growth, setting the stage for even more exciting developments in the future.
Fantasy Gaming Still Going Strong
Real-money gaming apps like Dream11 and My11Circle have owned the fantasy gaming space in India for several years now. Their partnership with the IPL, the biggest T20 league in the world, has brought them remarkable success and growth over the years. Because of this, they are now widely recognized as the go-to platforms for building your dream fantasy team.
For those new to it, fantasy gaming apps let you create your ideal team of players and enter contests where you can win prizes based on how your players perform in the match. It sounds exciting, right? These apps feature many contests with chances to win big jackpots, prizes, and other rewards. It’s a fun and engaging way to enjoy sports while having the opportunity to earn rewards.
Recently, more fantasy gaming apps have entered the market to capitalize on this trend and gain a share of the market, including Cricbuzz (a Times Internet company) and the ICC itself. The government’s imposition of a 28% GST on total prize winnings presented a considerable challenge, but the fantasy gaming industry shows no signs of slowing down. One thing is clear: people can’t seem to get enough of playing fantasy games with real money.
Online Betting Becoming More Mainstream
As more people go online to bet on their favorite sports, betting in India is becoming increasingly mainstream each year. It’s remarkable to witness the rise of online betting sites and apps amid a complex legal landscape in India.
Online betting exists in a grey area in this unclear legal framework, neither fully legal nor entirely illegal. The central law in force is outdated, prompting several states to introduce special laws or amendments to regulate online gambling and betting.
While states like Andhra Pradesh, Telangana, Tamil Nadu, and others have enacted strict laws against online betting and gambling in general, some have outright banned all games except those deemed games of skill.
Even with the fragmented legal landscape and the government blocking several betting sites and apps, bettors still find ways to enjoy placing their wagers.
More people are exploring sports betting apps and websites to wager real money, showing the increasing popularity and excitement around online sports betting. It really shows just how passionate and dedicated they are when it comes to betting on the sports they love to follow.
Tomesh Kulkarni, the editor of mybettingsitesindia.com, a website listing the top-rated betting sites in India, notes that the betting interest goes through the roof during big tournaments like the IPL and the Pro Kabaddi League. The wide variety of markets available on betting sites and apps, combined with the welcome offers and promotions, truly makes them very attractive. That’s why so many people prefer these betting platforms over gaming apps like Dream11 and My11Circle.
Opinion Trading Apps Gaining Ground
The launch of opinion trading apps like MPL Opinio, Probo, Playerzpot, and Big Cash has given the real money gaming industry a strong impetus. Often called yes or no betting apps, these apps are built around the exciting idea of letting you share your opinions and earn money at the same time.
Using these apps, you can make money by betting on real-world events, such as cricket match outcomes, stock movements, cryptocurrency prices, political events, and more.
Will Rohit Sharma score a 50 in the next game? Will the Nifty close in the green today?
You can find many such questions on these apps mentioned above. Pick a question and offer your opinion (yes or no) by placing trades with real money, and if your prediction comes good, you can earn cash. As simple as that. A binary yes or no response to such questions, where the odds of the outcome fluctuate in real time, makes opinion trading a fascinating prospect for those who enjoy wagering with real money.
Overall, the Indian real-money gaming industry has experienced exciting growth over the past decade, driven by popular trends such as fantasy gaming and online betting. With online betting still on the rise and opinion trading apps quickly gaining popularity, the future of real money gaming in India looks bright and promising.
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- How India Built Its Gaming Giants
- Legal Loopholes: How Indian Bettors Are Outsmarting the System!
- Top 5 Betting Markets for IPL: Where to Place Your Winning Bets
