Tarun Karthick
Sri Vijaya Puram, 22 December 2024
The rise of online gambling and fantasy sports betting apps is becoming a pressing concern for the Andaman and Nicobar Islands, as well as the rest of the country. Many youths in the Islands are falling prey to these platforms, leading to addiction and adverse consequences for their families and society. These apps, which promise easy money and entertainment, are proving to be a double-edged sword, often leaving users in financial ruin and emotional distress.
Nicobar Times has heard of horrific incidents where users have lost huge amounts of money through these apps. Young individuals have drained their savings, taken loans, and even sold assets to continue their betting streaks. Many national media reports have highlighted similar incidents across the country, showcasing the devastating impact these apps are having on individuals and communities.
Online gambling and fantasy sports apps target young people with aggressive marketing campaigns, offering enticing sign-up bonuses, free credits, and cash rewards. Games like Aviator, a crash game where users bet on a multiplying figure that must be cashed out before it crashes, have gained immense popularity. The game’s seemingly simple interface hides a sophisticated algorithm designed to favour the house. While users might win small amounts initially, the algorithm ensures that losses outweigh gains in the long run, keeping the company profitable at the expense of the players.
Experts in the field of digital gaming have pointed out that these apps use algorithms to manipulate user behaviour. The system tempts players with occasional wins to keep them engaged, but over time, it ensures that the odds always favour the platform. This creates a false sense of control, making players believe they can beat the system by strategising. Unfortunately, the reality is far different.
The growing addiction to these platforms has far-reaching implications for society. Families are bearing the brunt of financial losses incurred by members addicted to these apps. Young people, lured by the promise of quick money, often use their savings or borrow money to fund their betting activities. In extreme cases, individuals have been driven to sell assets or take loans they cannot repay.
The psychological toll on individuals addicted to these platforms is severe. The cycle of hope, loss, and despair creates an emotional rollercoaster, often leading to anxiety, depression, and other mental health issues. Players who lose significant amounts of money may also experience guilt, shame, and social isolation, further exacerbating their mental health struggles.
The situation demands urgent attention at a national level. A comprehensive regulation framework is essential to address the widespread issues posed by online gambling and fantasy sports betting apps. Licensing requirements, restrictions on advertising, and mandatory disclaimers about the risks of gambling can help protect vulnerable users. Additionally, platforms should be required to implement daily or monthly betting limits, and ensure transparency in their algorithms.