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ARTICLE · 12 MARCH 2026

Game, Set & Match Monthly – February 2026

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Welcome to the February 2026 edition of Game, Set & Match Monthly, your all-access pass to the latest legal, regulatory, and industry updates in the ever-evolving world of sports and gaming—both in India and internationally.

IndiaMedia, Telecoms, IT, Entertainment
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GAMING NEWS UPDATE

1. ENFORCEMENT DIRECTORATE ATTACHES ₹590 CRORE IN WINZO OVERSEAS INVESTMENT CASE, RAISING REGULATORY OVERSIGHT CONCERNS ACROSS REAL MONEY GAMING SECTOR

In February 2026, the Enforcement Directorate (ED) provisionally attached assets valued at approximately ₹590 crore belonging to WinZO and its subsidiary as part of an ongoing probe into alleged violations of the Foreign Exchange Management Act, 1999 (FEMA) and related overseas investment norms.

The ED action stems from an investigation into the Company's overseas direct investments into wholly owned subsidiaries in the United States and Singapore, where the Company is alleged to have engaged in real money gaming activities, including games such as bingo, ludo, snakes & ladders, solitaire, spades, and blackjack, under structures that lacked independent offices, staff, or bona fide operations abroad, with operational control and management conducted from India

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