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Nithin Kamath Sounds Alarm on Sneaky Offshore Betting Apps

Nithin Kamath Sounds Alarm on Sneaky Offshore Betting Apps

Listen up, folks! Nithin Kamath, the brilliant CEO of Zerodha, just warned us about those sneaky offshore betting apps using UPI! They lure you in with tiny bets and shiny ads, but cashing out? Forget about it! We need to stop these shady operators from using our payment systems. Protect your money, people! Let’s make India safe again!

Quick rundown

Offshore betting apps exploit India's UPI system.
Nithin Kamath warns of financial risks from these apps.
Social media marketing fuels the growth of these platforms.
Users face difficulties withdrawing winnings from offshore operators.
Restricting UPI access could curb the spread of such apps.

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