From IPL to Lok Sabha Polls: Illegal Websites Allow Bets up to Rs 10 Lakh on Election Results

These betting operations are also sophisticated in their financial maneuvers. mFilterIt has discovered that these platforms use mule accounts to launder money. Mule accounts are those bank accounts held by individuals or firms that receive money from bettors and then transfer it to the offshore accounts of these betting websites.” said Dhiraj Gupta, CTO & Co-Founder, mFilterIt