WinZO challenges ED raid, asset freeze in Karnataka HC; founders arrested.

• WinZO approached the Karnataka High Court to challenge the ED's search, seizure operations, and asset freeze.
• The ED arrested WinZO co-founders on money laundering charges and froze assets worth Rs 505 crore.
• ED's probe alleges WinZO used algorithms against players, withheld Rs 43 crore from users, and operated international real-money games from India.
• The investigation found WinZO parked $55 million in a US shell company, managed from India.
• WinZO had discontinued its real-money gaming business in India in August following a government ban.

Why It Matters: WinZO's challenge to ED's actions highlights regulatory risks for online gaming firms.