ED reveals ₹1000 crore cricket betting scam on ‘Magic Win’ app

Enforcement Directorate (ED) officials raided multiple locations in Ahmedabad, Surat, Bangalore, Lucknow, Delhi, Mumbai, and Coimbatore in connection with a massive ₹1,000 crore cricket betting scam involving an application called ‘Magic Win’.

ED seized the operator’s office of Magic Win, recovered ₹3.55 crore in cash, and frozen ₹30 lakh in a bank account linked to the operation.

Many individuals and big celebrities are suspected to be involved in this large-scale scam, which is associated with a cricket betting app. ED officials have arrested the promoters of the app in India, along with users and investors who poured crores of rupees into the platform, including in cryptocurrency.

The agency has seized more than 50 bogus companies and over 100 fake bank accounts. It is estimated that the total scam amounts to more than ₹1000 crore.

Magic Win was alleged of illegally streaming cricket matches, causing financial losses to those who held the legitimate broadcasting rights. The app’s promotional parties reportedly involved top Bollywood celebrities, actors, and cricketers, who promoted it by sharing videos and photos on their personal accounts. Reports suggest that these celebrities were paid millions of rupees for their involvement, and investigation into their role is ongoing.

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