Losing punt of view: Mumbai man duped of Rs 9.6 lakh on sports betting

28 December,2025 07:04 AM IST |  Mumbai  |  Aishwarya Iyer

At first he was encouraged on receiving some winnings, but they soon stopped coming; Police said the complainant began betting on the platform between July 26 and December 3, gradually increasing the frequency of transactions after receiving early payouts

The man placed bets on cricket, football and tennis matches. Representational pic/iStock


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In a case highlighting the risks of illegal online sports betting, Amboli police have registered an FIR after a 34-year-old event management professional alleged that he lost Rs 9.67 lakh through more than 23 betting transactions over four months on the website myfairpunt.com.

According to the police, the victim placed bets on cricket, football and tennis matches in small and mid-sized amounts ranging from Rs 10,000 to Rs 70,000, initially receiving some winnings that encouraged him to continue betting. The website later blocked withdrawals and allegedly siphoned off the remaining money to unknown accounts.

Police said the complainant began betting on the platform between July 26 and December 3, gradually increasing the frequency of transactions after receiving early payouts. The complainant said that while some amounts were credited to his bank account at the beginning, repeated attempts to withdraw his remaining balance eventually failed, resulting in him suspecting fraud.

The victim subsequently approached Amboli police and submitted detailed bank statements and transaction IDs to support his complaint. The suspicion is that the betting website was operated by an organised racket using multiple bank accounts and digital payment channels.

Police have registered the case under the Information Technology Act and Bharatiya Nyaya Sanhita. They are tracing the operators, bank trails and digital infrastructure linked to the illegal betting platform.

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