Shreyam Mukesh

[Shreyam Mukesh @ShreyamMukesh]

@Msd774176Msd7 @FantasycricPro Agreed

The core issue was the convenient classification of the activity as “GAMING” to evade liabilities.

The SC has simply taken away that shield and the service provider’s are now liable to pay the applicable tariff.

[Shreyam Mukesh @ShreyamMukesh]

@Livingisnoteazy @FantasycricPro Share evidence supporting your stance

[Shreyam Mukesh @ShreyamMukesh]

@Msd774176Msd7 @FantasycricPro One has nothing to do with the other, I understand the frustration with inefficiency and corruption those are governance failures.

But taxation and wagering serve fundamentally different purposes

[Shreyam Mukesh @ShreyamMukesh]

@Msd774176Msd7 @FantasycricPro A cost usually creates value while predicting and wagering on uncertain outcomes usually destroy it.

Taxes build infrastructure, food gives nutrition to sustain life but wagering simply transfers money from uninformed users to a few winners.

That’s redistribution of losses

[Shreyam Mukesh @ShreyamMukesh]

@Msd774176Msd7 @FantasycricPro On this God’s Green Earth, can you give even one example where people escaped poverty through online real money gaming ?

Understand this, for every winner someone else has to lose and the ones losing are often vulnerable people lured in through misleading advertising.

[Shreyam Mukesh @ShreyamMukesh]

@Livingisnoteazy @FantasycricPro Looks similar but it is different

Stocks has underlying value and ownership, predictions don’t

[Shreyam Mukesh @ShreyamMukesh]

@Msd774176Msd7 @FantasycricPro You may personally have benefitted from it, but that does not change the larger reality

And if this was suppose to be treated as financial derivative then it should have been regulated as one under SEBI instead of categorising it as gaming.

[Shreyam Mukesh @ShreyamMukesh]

@deepigoyal @the_kunal Mandatory tipping for the riders could be a smart solution especially for higher value orders