New Money Games – For some time now, you can see ads for various applications featuring sports celebrities promoting online games, although at the same time the same ads also warn quickly, ‘Play these games carefully, they can be addictive. In fact, our youth today are loving these celebrity-endorsed apps and games. In recent times, this ‘gaming real money’ industry has grown significantly due to the expansion of internet and mobile in the country. It is believed that in 2025, the business of this industry will cross $5 billion.

Different types of online and application-based games, including virtual games, i.e. fantasy games, rummy, ludo, share trading games related to crypto-based games called real money games, which are played for money and prizes. This game is skill- based as well as opportunity. But whether skill-based or opportunity-based, they are growing rapidly and companies promoting these apps and websites are making huge profits.

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Ever since the advent of this real money game, there have been many cases of young people ending their lives in debt. This happens because it is almost addicted and eventually the chance to win in this game is very low. In some cases, the family has also been devastated after a young member has fallen into huge debt due to this addictive activity.

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In 2020, an app company called Dream-11 bought the IPL cricket sponsorship rights by paying Rs 222 crore. After this the Dream-11 app became a household name. Other fantasy cricket sports apps also bought advertising rights in the IPL. All these apps are promoted by big personalities of cricket. Celebrities including M.S. Dhoni, Rohit Sharma, Hardik Pandya and Rishabh Pant.

The report shows that most of the young people who committed suicide due to gambling addiction through this activity belong to the age group of 19-25 and include students, migrant workers and traders.

Most courts have recognized this fantasy sport, and accepted the argument that it is a game of skill. However, sensing gravity, six governments have gone so far as to ban or reject fantasy cricket platforms. Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has asked the central government to ban 132 such applications.

Although some studies believe that winning in fantasy cricket games is not accidental 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 involved in this “industry” is no reason to be addicted to fantasy sports, because the average ticket price in this is only 35 rupees, so one cannot lose more than 10 thousand in such a game. The time of his life.

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However, this argument proved to be wrong with the information that people committed suicide because of this ‘game’ of millions of rupees in debt. Therefore, further research is needed on this topic. It should be noted that currently this industry is not under any law and is regulated independently. So a closer look at this application rather than the industry itself can reveal the truth.

Neoliberal economic theory not only takes risks but glorifies them. The era of neo-liberal policies has introduced many financial instruments and speculation has become an integral part of today’s economy. Speculation in the stock, commodity and foreign exchange markets has many side effects, even if it is legally allowed. With the entry of speculation into ordinary life, the practice of fantasy sports has also become widely accepted.

In fantasy games, some players may win and others may lose, but the application 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 is at the expense of poor students, workers, farmers and ordinary people who bet their savings in this game or take a loan to play this real money game.

We feel that the courts and administrative bodies have information about this game, which consumers do not. The Supreme Court has observed that the results of skill-based games can be affected by mechanical manipulation.

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In such a situation, the Government of India and the concerned administrative ministries cannot sit idly by. It is necessary to ban apps that encourage youth to gamble. Until this process is completed, there will be a need to ban advertising, especially by celebrities. The rise of the gaming industry has changed the way people interact with technology and entertainment. In recent years, a new trend has taken the gaming world by storm – play-to-earn games.

This innovative game not only provides an immersive experience but also provides players with the opportunity to earn real money effortlessly using only one computer and one internet connection. Among these games, Snakemoney.io stands as a prime example of the potential and future of play-to-earn games. Let’s explore the benefits of this emerging industry and what makes Snakemoney.io a game-changer.

The play-to-earn game industry has experienced exponential growth in recent years, transforming it into a lucrative sector. According to industry estimates, the global play-to-earn game market is poised to reach $3618.4 million by 2028, growing at a significant compound annual growth rate (CAGR) of 21.3% from 2022 to 2028. This significant growth is a testament to the popularity and profitability of this game.

Snakemoney.io is a prime example of a play-to-earn game that combines skill, strategy and a dash of luck to provide players with the opportunity to win real money. With a minimum investment of $1, players can jump right into the action and start earning or winning in minutes. This low entry barrier ensures that anyone can participate regardless of their financial ability.

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One of the main advantages of Snakemoney.io is its simplicity. The concept of the game is straightforward, so even novice players quickly grasp the mechanics and earn money. By choosing snakes and collecting coins while avoiding obstacles and other players’ snakes, players can start their journey to profitability. The intuitive nature of the game makes it accessible to a wide variety of individuals, eliminating the need for extensive gaming experience or technical expertise.

Unlike many traditional games, Snakemoney.io offers players the chance to earn money instantly. In just 5-10 minutes of gameplay, players can start reaping the rewards of their skills and strategies. In fact, around 80% to 85% of players will find themselves making a profit right from the start. People who initially struggle with collecting coins due to lack of understanding or skill quickly learn the intricacies of the game and start turning losses into profits, often on the same day.

Snakemoney.io has an environment where every player has the potential to emerge as a winner. Although some may face challenges at first, the game’s simplicity and quick learning curve ensure that players can quickly overcome obstacles that stand in the way of success. The game encourages continuous improvement and growth, providing a level playing field for participants to thrive.

The emergence of play-to-earn games has opened up a world of opportunities for gamers to turn their hobby into a profitable venture. Snakemoney.io exemplifies the potential of this industry, providing players with an accessible and enjoyable gaming experience as well as a platform to earn real money.

After Losing Money In An Online Game, A 14 Year Old Boy From Kerala Takes His Own Life

With the rapid growth of play-to-earn games and the promising future they hold, it is clear that this innovative sector is reshaping the gaming landscape. As the gaming industry continues to evolve, games like Snakemoney.io serve as a glimpse into the future where entertainment and profitability are seamlessly intertwined.

Snakemoney.io is a play-to-earn game where you can win in minutes and your winnings depend on your skill, strategy and just a little bit of luck.

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