ED Raids WinZO, Gameskraft, Dream11: Gaming Sector Fears Wider Crackdown Amid Regulatory Chaos

• ED conducted raids on WinZO, Gameskraft, Dream11, and Probo, sending tremors through India's real-money gaming sector.
• Industry fears a broader crackdown in 2026 due to regulatory limbo, as the PROGA is unnotified and draft rules are under consultation.
• Allegations include money laundering, cheating, algorithmic manipulation, and cross-border fund diversion.
• WinZO founders arrested; company accused of holding ₹43 crore post-ban and operating international services from India.
• Probo's assets worth ₹117.41 crore attached; Dream11 linked to a ₹2,434-crore fraud probe.

Why It Matters: ED raids expose regulatory gaps in India's gaming sector, sparking industry-wide fear and uncertainty.