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

India has recently implemented a ban on online betting applications, marking a significant shift in the country's approach to the gambling industry. The move comes after a period of rapid growth in the popularity of these apps, which had gained widespread adoption among Indian consumers. The industry argues that the ban will not effectively curb the problem, but rather drive consumers towards unregulated and potentially more harmful platforms. They contend that a well-regulated environment could have provided better safeguards and consumer protection measures. However, the government's decision is primarily motivated by concerns over the societal impact of widespread online betting, including issues such as financial exploitation and addiction. The ban reflects the government's efforts to address these concerns and maintain control over the industry's growth. The reversal of India's betting app boom highlights the complex and evolving nature of the country's regulatory landscape regarding online gambling. As the debate continues, stakeholders on both sides will likely continue to advocate for their respective positions on the appropriate balance between consumer freedom and societal well-being.