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The ban on real-money gaming (RMG) in 2025 crushed the sector. WinZO
, once the sector’s golden child, saw its cofounders get arrested, INR 800 Cr worth of assets frozen, and 70% staff vanish amid the clampdown. So, how did it all go wrong for the battered gaming giant?
In ED’s Crosshairs: WinZO’s woes erupted right after the ban. In November 2025, the ED raided multiple offices of the company over allegations of money-laundering. Investigators alleged that WinZO…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The ban on real-money gaming (RMG) in 2025 crushed the sector. WinZO, once the sector’s golden child, saw its cofounders get arrested, INR 800 Cr worth of assets frozen, and 70% staff vanish amid the clampdown. So, how did it all go wrong for the battered gaming giant?
In ED’s Crosshairs: WinZO’s woes erupted right after the ban. In November 2025, the ED raided multiple offices of the company over allegations of money-laundering. Investigators alleged that WinZO…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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