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Fantasy sports platforms in India have gained immense popularity in recent years, offering users a chance to engage with their favorite sports through virtual teams. These platforms allow participants to create teams based on real-life players and earn points based on their performances in actual matches. In India, fantasy sports are considered games of skill rather than chance, which has helped them avoid strict gambling regulations. However, the implementation of the Goods and Services Tax （GST） has introduced new financial considerations for both operators and users. The GST is applied to the entry fees or contest amounts, impacting the overall cost structure. This tax framework aims to bring transparency and regulation to the growing industry, ensuring compliance with Indian laws while supporting its expansion. |
