Fantasy sports grow in cricket crazy India

    When India played its old foe Pakistan in a World Cup cricket game in 2015, a staggering 1 billion people were estimated to have tuned in to watch, while the average viewership for its national side in a big game is about 400 million. The figures clearly illustrate the potential of the fantasy cricket market in India, while a recent regulatory breakthrough may have set a legal precedent giving a further boost to the market. In December, the state of Nagaland issued its first licenses for online games of skill under the Nagaland Prohibition of Gambling and Promotion and Regulation of Online Games of Skill Act 2016. Although these licenses were related to online poker companies, it helps establish the legality of games of skill. Under Indian law, games of chance are illegal, apart from in the states of Goa, Sikkim and Daman, while a 2006 Supreme Court ruling stated games in...

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