Back
vishakha Jangir
•
Set2Score • 5m
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.
Replies (3)
More like this
Recommendations from Medial
Somnath dhindhe
The new era begins • 8m
Fantasy sports is what most young sports lovers today are crazy about. With fantasy sports, sports lovers need not just enjoy a game by being a spectator, but can also create an imaginary team (of real players) of their own choice and earn rewards wh
See More
Keshav Agarwal
Ready to Create valu... • 1y
Can we create fantasy sports play app where users can buy or sell players stocks like company stocks . I researched it and found this idea been executed by an app named Sixergame . Cannot create another one competing with them with some additional fe
See More
PARTHO PRADHAN
Business Person • 7m
Actually we are planning to run a sports gambling site. I already worked with a gambling site and saw it is currently booming so frequently people are really trying their luck and loosing money because lack of experience. I saw that future is brigh
See More
Shuvodip Ray
Never compromise wit... • 6m
Meet Harsh Jain and Bhavit Sheth, the visionary founders of Dream11. In 2008, they combined their passion for sports and technology to create India's first fantasy sports platform. Initially, they faced numerous rejections and challenges, but their d
See More
Download the medial app to read full posts, comements and news.