A businessman from Mumbai has lost his entire life savings of INR 12 crore after being caught in the grip of online gaming. What began with small profits quickly turned into a financial disaster as the platform drew him deeper into losses.
Reports state that the businessman was drawn by the promise of easy money and felt encouraged when he secured early wins. These small gains built his confidence and pushed him to invest more heavily. However, the design of the game, which was created to entice and trap players, soon led to continuous losses. By the time he realised recovery was impossible, his savings had vanished.
The financial blow extended beyond his personal losses. His business suffered, his reputation was severely affected, and his long-term security collapsed.
Similar incidents are being reported across India. In Navi Mumbai, another businessman lost INR 2.74 crore on an online gaming platform over a span of more than two years. While a small portion was recovered, the majority of the money was lost forever.
These cases highlight a wider problem where online gaming platforms blur the line between entertainment and gambling. Their addictive design takes advantage of human behaviour by giving early wins and drawing users further into the cycle of emotional and financial dependence.
Authorities and cybercrime teams in Mumbai are now investigating such cases. Despite some advisories and laws, experts point out that the grey zone in which these platforms operate makes strict regulation and greater public awareness urgent needs. For now, victims have little legal protection against platforms that appear harmless but function as high-risk financial traps.
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