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ED Estimates ₹36,000-43,400 Crore Proceeds from Illegal Betting Platforms in Seven Years

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ED Estimates ₹36,000-43,400 Crore Proceeds from Illegal Betting Platforms in Seven Years

Analysed 28 Jul 2026·2 sources analysed·Raipur, India·Crime
ED Estimates ₹36,000-43,400 Crore Proceeds from Illegal Betting Platforms in Seven YearsPreviousNext

The Enforcement Directorate (ED) has estimated that Mahadev Online Book (MOB) and related platforms like Skyexchange and Lotus 365 generated proceeds of crime between ₹36,000 and ₹43,400 crore through alleged illegal betting over the past seven years. Since October 2022, the ED has filed five chargesheets against 74 individuals and entities in Raipur's PMLA court. Despite law enforcement efforts, illegal betting continues via dummy and mirror sites. Assets worth ₹940.77 crore linked to businessman Vikas Garg, arrested in connection with the case, have been provisionally attached.

Sentiment
43%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (43/100). Lens Score 59/100.

Outlets measured: hindustantimes, hindustantimes. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 28 Jul 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (43/100)

Sentiment was consistent across outlets (38–48/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

hindustantimes broke this story on 28 Jul, 01:29 am. Other outlets followed.

28 Jul, 01:29 am2 sources · 2 h28 Jul, 03:02 am
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
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1
hindustantimes28 Jul, 01:29 am
Mahadev case probe: Betting apps generated proceeds of around 43,000 crore in last 7 years, says ED
  • 2
    hindustantimes28 Jul, 03:02 am
    MOB, associate platforms generated POC of at least 36,000 Cr: ED
  • Accountability flags

    TBN's analysis identified the following accountability dimensions in this story.

    • financial irregularity

      This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

    Who's involved

    Institutions and figures named across source coverage.

    Government
    PMLA Adjudicating AuthorityPMLA Court RaipurPMLA Court at RaipurEnforcement Directorate
    Enforcement
    Enforcement Directorate
    Judiciary
    PMLA Court RaipurPMLA Court at RaipurPMLA Adjudicating Authority

    Story context

    Category
    Crime
    Location
    Raipur, India
    Sources analysed
    2
    Last analysed
    28 Jul 2026
    Key entities
    M&M's Fan Appreciation 400Enforcement DirectorateModern Language AssociationCroreIndian rupeeARCA Mobile 200Money launderingRaipurShivaSecurity (finance)Lotus CarsFinancial transaction