In less than 48 hours, millions of cricket fans worldwide will tune in to the debut of the Indian Premier League (IPL) Season 2025, where the Royal Challengers Bengaluru and Kolkata Knight Riders will face off. However, the event is overshadowed by controversy. The Board of Cricket Control in India (BCCI) has banned ads for cryptocurrencies, alcohol, and tobacco this season.
Crypto Ad Ban in IPL 2025
BCCI decided to ban ads for tobacco, alcohol, and cryptocurrencies, citing an advisory from India's health ministry. The crypto community in India is displeased as Dream11, a fantasy cricket app tied to betting activities, remains the team's official sponsor.
Tax Debate and Dream11 Advertisement
Both cryptocurrencies and the entertainment industry are taxed at 30% in India. Despite this, BCCI's decision only targets crypto ads. The Indian Supreme Court classifies Dream11 as a 'skill-based game', allowing it to officially sponsor the team.
Impact of Gambling in India
Gambling poses more economic and social issues than cryptocurrencies. A significant surge in illegal betting and gambling in India has raised concerns. The youth are increasingly engaging in gambling, leading to financial and personal crises.
BCCI's crypto ad ban in IPL 2025 has raised questions among the public and analysts. India is a leader in the crypto space, and many believe bans should not be selective. Implementing policies that consider the pros and cons of both sectors could foster a more balanced approach.
