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Real Cash Cricket Game – The author is Professor, Department of Economics, P.G.D.A.V. College (Delhi University) For some time, you must have seen advertisements of some programs in which sports celebrities are seen promoting online games, although at the same time in the same advertisement there is also a quick warning, “to play these games carefully. , they can to be addictive.’ In fact, today our youth are caught up in programs and games endorsed by these celebrities. This “real money gaming” industry has expanded significantly due to the expansion of the internet and mobile phones in the country for some time now. It is believed that by 2025 , the business of this industry will exceed 5 billion dollars.

Various types of online and app-based games, including virtual games, e.g. fantasy sports, rummy, game, stock trading related games and crypto games are called real money games which are played for money and reward. These games are based on skill as well as chance. But regardless of whether they are skillful or random based, they are expanding rapidly and the companies promoting these programs and websites are making huge profits.

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Since the advent of these real money games, there have been many cases of young people ending their lives after being trapped in debt. This is because they are almost addicted and the chances of finally winning these games are very small. In some cases, even families were destroyed after a new member got stuck in huge debts due to these addictive programs.

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In 2020, an app company called Dream-11 bought the IPL cricket sponsorship rights by paying 222 crore rupees. After that, the Dream-11 program became a household name. Other fantasy cricket game programs have also bought IPL advertising rights. All these programs are promoted by big cricket celebrities. Notables include M.S. Dhoni, Rohit Sharma, Hardik Pandya and Rishabh Pant.

Reports suggest that most young people who commit suicide due to gambling addiction through these programs are in the 19-25 age group and include students, migrant workers and businessmen.

Most courts have upheld these fantasy games, accepting the argument that it is a game of skill. However, realizing the importance, six governments have so far banned or banned fantasy cricket platforms. Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy asked the Union Government to ban 132 such applications.

Although some studies say that winning this game of fantasy cricket is not random and therefore not gambling, some sports psychologists believe that fantasy cricket is actually gambling and can lead to pathological gambling behavior. However, the logic of people associated with this “industry” is that there is no reason to be addicted to fantasy sports, because the average ticket price in this is only 35 rupees, so a person cannot lose more than 10 thousand in such games . the time of their lives.

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However, with the news of people committing suicide after being stuck in debts of lakhs of rupees due to these ‘games’, this argument turns out to be wrong. Therefore, more research is needed on this topic. It is worth noting that currently this industry is not under any law and is self-regulated. Therefore, instead of information from the industry itself, only a thorough investigation of these applications can only reveal the truth.

Risk taking is not only said to be important in neoliberal economic theories, it is even praised. Many financial instruments have entered the era of neoliberal policies and speculation has become an integral part of today’s economies. Although speculation in the stock, commodity and currency markets has many side effects, it is legally permitted. With the entry of speculation into common life, the practice of fantasy games also gained general acceptance.

In fantasy games, some players may win and others may lose, but the app companies that run these games make huge profits. This profit encourages them to buy sponsorship rights by paying huge fees to cricket organizers like BCCI. It should be understood that their profit comes at the cost of those poor students, workers, farmers and ordinary people who risk their savings in these games, or even take loans to play these games with real money.

We find that courts and governing bodies have information about these games that customers do not. The Supreme Court observed that the results of games of skill can be affected by mechanical interference.

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In such a situation, the Government of India and the concerned administrative ministries cannot stand idly by. Apps that push young people to gamble should be banned. Until this process is completed, there will be a need to ban advertising, especially by celebrities.

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Fantasy Cricket is an online strategy-based sports game where you have to create a virtual team of real cricketers playing in real matches around the world. You earn points based on the performances of these players in real matches. The aim is to pick your best possible XI from the teams playing on a given day and score more than your competitors.

One of the leading fantasy sports websites has specifically created one of the most innovative and engaging fantasy cricket games for Indian sports fans. Actively you can choose to play the regular formats of cricket in T20, ODI & Tests in various domestic leagues, international tournaments and ICC matches.

In the fantasy cricket app, you will also find various features that are not available in other similar apps such as Second innings competition, fantasy 5th, or how about all 4 innings of a test match. Fantasy cricket is not just a game of luck, it is a game of skill that requires excellent analytical and predictive skills. A good one

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