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vishakha Jangir
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Set2Score • 4d
𝗛𝗼𝘄 𝗮𝗿𝗲 𝗴𝗮𝗺𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗹𝗶𝗸𝗲 𝗗𝗿𝗲𝗮𝗺𝟭𝟭 𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗰𝗿𝗼𝗿𝗲𝘀 𝘄𝗵𝗶𝗹𝗲 𝘁𝗵𝗲 𝗺𝗶𝗱𝗱𝗹𝗲 𝗰𝗹𝗮𝘀𝘀 𝗶𝘀 𝗹𝗼𝘀𝗶𝗻𝗴 𝗹𝗮𝗸𝗵𝘀? Is it really a business/startup? I would name it in simple terms. it's a scam :( ---- Use of constant notifications, big win advertisements, and influencer marketing triggers FOMO (Fear of Missing Out). Gamification elements (points, leaderboards) mimic addiction mechanics seen in gambling. Users can enter games for as little as ₹10–₹50, making it seem affordable initially, but frequent playing adds up. Ads showcase success stories of users winning lakhs/crores, creating unrealistic expectations. Most users lose money, but winners are highlighted to attract more participants. In WhatsApp groups or friend circles, discussions around fantasy sports push others to participate and "not miss out". When users lose continuously, they may turn to credit cards, payday loans, or borrow from friends/family to "recover losses". Fantasy platforms often operate in a legal grey area, with minimal restrictions or user protection against addiction/loss. Loss of money causes frustration or denial, which fuels more irrational gameplay and further losses. For companies, these platforms are highly profitable. They earn via platform fees, ad revenue, and partnerships with brands and sports leagues. Some state governments legalize and tax fantasy sports, generating significant GST and corporate tax revenue. For the average user, fantasy platforms are mostly loss-making. Only a small fraction of users win significant amounts. It promotes gambling culture under the label of “skill gaming”, risking financial and mental health—especially among youth and middle-class families. While fruitful for companies and governments, these platforms often lead to harm for individuals not financially or emotionally prepared to deal with the risks. Follow me vishakha Jangir to get more deeper insights of business/entrepreneurship.
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