Paytm Ipl Gambling
2021年12月6日Register here: http://gg.gg/x5s3t
© Provided by The Indian Express
*Paytm Ipl Gambling News
*Paytm Ipl Gambling Online
Google took Paytm off its Play Store for several hours on Friday — and restored it after the payments and financial services platform had been forced to take “corrective measures” to meet the policy requirements of the Android app marketplace.
IPL 2020: Sponsors PayTM in Trouble for Betting Activities Days After Signing Sachin Tendulkar as Ambassador 18 Sep, 2020 Google on Friday said it has removed Paytm app from the Play Store for violation of its policy on sport betting activities. Reason: Google said that the Paytm apps violated its Play Store’s policies on gambling. Paytm, whose parent One97 Communications is valued at $16 billion, claims to have more than 50 million monthly active users. “We don’t allow online casinos or support any.Paytm Ipl Gambling News
Google said Paytm had violated its gambling policies. The developments came a day before the start of the Indian Premier League (IPL), which is known to spike interest in so-called ‘fantasy sports’ — Internet-based games where users win rewards for creating virtual teams based on the performance of their actual counterparts.Paytm Ipl Gambling Online
Paytm had on Friday announced the fantasy “Paytm Cricket League”, in which users could win cash rewards based on the actual performance of cricketers in the IPL. This was on the lines of the fantasy sports platform Dream11 — also IPL’s title sponsor — and in contravention of Play Store policies. Justin bonomo.
Explained: Paytm goes from Play Store, how are you affected?
Paytm was restored on Play Store after it removed the “cashback component” on the Paytm Cricket League. According to Google, if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of its policies.
Under Paytm’s offer, users would receive virtual stickers depicting cricketers playing in the IPL upon adding a minimum of
Rs 500 in their Paytm wallet. Net tv poker. The users could then enter these players in a virtual team — and earn points based on how those players performed in actual matches.
At the end of the tournament, the top 1 lakh participants — ranked on the basis of cumulative points earned — would receive a scratch card, which would enable them to win up to Rs 1 lakh.
Bombay High Court had ruled last year that Dream11 was “undoubtedly a game of skill and not a game of chance” and that it did not amount to gambling. However, given Google’s policy to not allow such apps, Dream11 is not available on Play Store. Google does allow other fantasy sports apps such as the English Premier League, which has a similar component for football teams but does not have cash rewards.
In a blog post published on Friday, Suzanne Frey, vice president, Product, Android Security and Privacy, said: “We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting. This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies.
“When an app violates these policies, we notify the developer of the violation and remove the app from Google Play until the developer brings the app into compliance. And in the case where there are repeated policy violations, we may take more serious action which may include terminating Google Play Developer accounts. Our policies are applied and enforced on all developers consistently.”
During the day, after its app was removed from Play Store, Paytm had said in a statement: “Today afternoon, we received communication from Google that they are suspending our app because they believe this to be a violation of their Play Store policies on gambling. The Paytm Android app has thus been unlisted from Google’s Play Store and is temporarily unavailable to users for new downloads or updates. While it is clear that all activities on Paytm are completely lawful, we have temporarily removed the cashback component in an effort to meet the Play Store policy requirements.”
In the evening, after the app had been restored on Google, Paytm’s chief executive officer Vijay Shekhar Sharma tweeted: “We launched a UPI CashBack campaign this morning. Our app got suspended by Google for this. India, you decide if giving cash back is gambling.”
Paytm competes with Google Pay in India’s digital payments space. Officials at the Noida-based company told The Indian Express on Friday that Google Pay too, offers cashback promotions on the app. However, Google had taken issue with Paytm allowing participants in its offer to earn cash on the basis of the performance of players selected by them in an actual IPL match.
According to the Paytm officials, the company had been pulled up by Google earlier over its gaming platform Paytm First Games, in which users won cash prizes for playing games such as fantasy cricket, rummy, and ludo. Paytm First Games too, was removed from Play Store, and has not been restored yet.
In response to a questionnaire, a spokesperson for Google pointed The Indian Express to the blog post on the gambling policies of Play Store in India.Paytm First suffers 224% net loss in FY20 despite 55% increase in YoY revenue
The 2020 Fiscal Year saw a great boom in the fantasy sports sector, so much so that Mobile Premier League and Dream 11 take a step closer towards becoming an unicorn. Paytm First Games, which was launched in 2018, was no exception, recording a revenue of INR 19.4 Cr, an increase of 55% year-on-year (YoY) from INR 12.5 Cr in FY19.
However, that profit came with a caveat, albeit independently. According to Inc42, Paytm First Games’ total expenses rose by 205%, from INR 39.14 Cr in FY19 to INR 119.34 Cr in FY20. That figure resulted in the company’s net loss rising by 224%, from INR 29.87 Cr in FY19 to INR 97 Cr in FY20.
With the pandemic helping the gaming sector grow massively, with people staying at home and looking for options to kill time, filings have grown substantially. As a matter of fact, Paytm First Games claimed it acquired over 75,000 new users every day during the lockdown in 2020 and the users spending anywhere between 32 to 45 minutes playing more than 100 games on the platform.
Paytm First Games, which is subsidiary of One97 Communications, which owns and operates digital payments giant Paytm, and a joint venture with AGTech Holdings Limited, has approved plans for the incorporation of a wholly-owned subsidiary company in China. The plans are to avail technical support services and exploring business opportunities in the country.
In 2020, Paytm suffered a mini setback when it was removed from the Google Play Store for violating Google’s anti-gambling policies. Federation of Indian Fantasy Sports (FIFS), headed by Dream11, had alerted Google that Paytm was running a daily fantasy sports competition under the garb of a cashback scheme on its core payments application.
That, however, has been solved since then but Paytm had later accused Google of abusing its monopoly and of arm-twisting app makers. Paytm though is back on Google’s App Store and Paytm Games is available to download online.
Register here: http://gg.gg/x5s3t
https://diarynote-jp.indered.space
© Provided by The Indian Express
*Paytm Ipl Gambling News
*Paytm Ipl Gambling Online
Google took Paytm off its Play Store for several hours on Friday — and restored it after the payments and financial services platform had been forced to take “corrective measures” to meet the policy requirements of the Android app marketplace.
IPL 2020: Sponsors PayTM in Trouble for Betting Activities Days After Signing Sachin Tendulkar as Ambassador 18 Sep, 2020 Google on Friday said it has removed Paytm app from the Play Store for violation of its policy on sport betting activities. Reason: Google said that the Paytm apps violated its Play Store’s policies on gambling. Paytm, whose parent One97 Communications is valued at $16 billion, claims to have more than 50 million monthly active users. “We don’t allow online casinos or support any.Paytm Ipl Gambling News
Google said Paytm had violated its gambling policies. The developments came a day before the start of the Indian Premier League (IPL), which is known to spike interest in so-called ‘fantasy sports’ — Internet-based games where users win rewards for creating virtual teams based on the performance of their actual counterparts.Paytm Ipl Gambling Online
Paytm had on Friday announced the fantasy “Paytm Cricket League”, in which users could win cash rewards based on the actual performance of cricketers in the IPL. This was on the lines of the fantasy sports platform Dream11 — also IPL’s title sponsor — and in contravention of Play Store policies. Justin bonomo.
Explained: Paytm goes from Play Store, how are you affected?
Paytm was restored on Play Store after it removed the “cashback component” on the Paytm Cricket League. According to Google, if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of its policies.
Under Paytm’s offer, users would receive virtual stickers depicting cricketers playing in the IPL upon adding a minimum of
Rs 500 in their Paytm wallet. Net tv poker. The users could then enter these players in a virtual team — and earn points based on how those players performed in actual matches.
At the end of the tournament, the top 1 lakh participants — ranked on the basis of cumulative points earned — would receive a scratch card, which would enable them to win up to Rs 1 lakh.
Bombay High Court had ruled last year that Dream11 was “undoubtedly a game of skill and not a game of chance” and that it did not amount to gambling. However, given Google’s policy to not allow such apps, Dream11 is not available on Play Store. Google does allow other fantasy sports apps such as the English Premier League, which has a similar component for football teams but does not have cash rewards.
In a blog post published on Friday, Suzanne Frey, vice president, Product, Android Security and Privacy, said: “We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting. This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies.
“When an app violates these policies, we notify the developer of the violation and remove the app from Google Play until the developer brings the app into compliance. And in the case where there are repeated policy violations, we may take more serious action which may include terminating Google Play Developer accounts. Our policies are applied and enforced on all developers consistently.”
During the day, after its app was removed from Play Store, Paytm had said in a statement: “Today afternoon, we received communication from Google that they are suspending our app because they believe this to be a violation of their Play Store policies on gambling. The Paytm Android app has thus been unlisted from Google’s Play Store and is temporarily unavailable to users for new downloads or updates. While it is clear that all activities on Paytm are completely lawful, we have temporarily removed the cashback component in an effort to meet the Play Store policy requirements.”
In the evening, after the app had been restored on Google, Paytm’s chief executive officer Vijay Shekhar Sharma tweeted: “We launched a UPI CashBack campaign this morning. Our app got suspended by Google for this. India, you decide if giving cash back is gambling.”
Paytm competes with Google Pay in India’s digital payments space. Officials at the Noida-based company told The Indian Express on Friday that Google Pay too, offers cashback promotions on the app. However, Google had taken issue with Paytm allowing participants in its offer to earn cash on the basis of the performance of players selected by them in an actual IPL match.
According to the Paytm officials, the company had been pulled up by Google earlier over its gaming platform Paytm First Games, in which users won cash prizes for playing games such as fantasy cricket, rummy, and ludo. Paytm First Games too, was removed from Play Store, and has not been restored yet.
In response to a questionnaire, a spokesperson for Google pointed The Indian Express to the blog post on the gambling policies of Play Store in India.Paytm First suffers 224% net loss in FY20 despite 55% increase in YoY revenue
The 2020 Fiscal Year saw a great boom in the fantasy sports sector, so much so that Mobile Premier League and Dream 11 take a step closer towards becoming an unicorn. Paytm First Games, which was launched in 2018, was no exception, recording a revenue of INR 19.4 Cr, an increase of 55% year-on-year (YoY) from INR 12.5 Cr in FY19.
However, that profit came with a caveat, albeit independently. According to Inc42, Paytm First Games’ total expenses rose by 205%, from INR 39.14 Cr in FY19 to INR 119.34 Cr in FY20. That figure resulted in the company’s net loss rising by 224%, from INR 29.87 Cr in FY19 to INR 97 Cr in FY20.
With the pandemic helping the gaming sector grow massively, with people staying at home and looking for options to kill time, filings have grown substantially. As a matter of fact, Paytm First Games claimed it acquired over 75,000 new users every day during the lockdown in 2020 and the users spending anywhere between 32 to 45 minutes playing more than 100 games on the platform.
Paytm First Games, which is subsidiary of One97 Communications, which owns and operates digital payments giant Paytm, and a joint venture with AGTech Holdings Limited, has approved plans for the incorporation of a wholly-owned subsidiary company in China. The plans are to avail technical support services and exploring business opportunities in the country.
In 2020, Paytm suffered a mini setback when it was removed from the Google Play Store for violating Google’s anti-gambling policies. Federation of Indian Fantasy Sports (FIFS), headed by Dream11, had alerted Google that Paytm was running a daily fantasy sports competition under the garb of a cashback scheme on its core payments application.
That, however, has been solved since then but Paytm had later accused Google of abusing its monopoly and of arm-twisting app makers. Paytm though is back on Google’s App Store and Paytm Games is available to download online.
Register here: http://gg.gg/x5s3t
https://diarynote-jp.indered.space
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