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The Enforcement Directorate (ED) has attached assets worth Rs. 1,906 crore belonging to Gameskraft in a money laundering investigation. The agency has claimed that these platforms created an ‘addictive’ gaming environment which encourages players to spend money repeatedly.
The official statement has revealed that this action was taken under the Prevention of Money Laundering Act on July 22, in an investigation connected to the RummyCulture, RummyPrime, Playship, and RummyTime apps. With this latest addition, the seizure and asset attachment have reached around Rs. 2,401 crore.
These real-money gaming platforms are reportedly attached to an illegal online betting and gaming network that they used to run through the company's platforms. The investigation has brought to light that Gameskraft and RummyTime Technologies had a user base of around 3 crore players, mainly in Telangana, Andhra Pradesh and Tamil Nadu.
The ED claims that these platforms generally earn money through charging a platform commission of 10-15 percent from players. It further claimed that the firms used BOTs, or automated programs and algorithms, to play against users who didn’t know about the operating process.
ED has reported, “These unscrupulous practices of the companies have created an addictive gaming environment that encouraged repeated wagering, thereby enabling the companies to generate huge proceeds of crime in the form of platform commission.”
Also Read: India's Real-Money Gaming Ban Signals a Tighter Asia-Pacific Gaming Landscape
The Gameskraft case shows how closely regulators are now watching the online gaming industry. As real-money gaming grows across India, companies are facing tougher checks on how they handle player funds, taxes, and legal rules
The ED's action could have a lasting effect on India's real-money gaming sector. Companies may now be more careful about complying with financial and legal rules to avoid similar investigations.
