Submitted on January 15 to a special court in Ahmedabad, the chargesheet names 14 individuals and entities involved in a sophisticated money laundering scheme linked to UAE-based operations.

The investigation was triggered by Magicwin’s unauthorized broadcasting of the ICC Men’s T20 World Cup 2024 to lure users into betting. Operated by two Pakistani nationals residing in the UAE, the platform utilized mule accounts, the Hawala system, and cryptocurrencies to conceal financial trails.

Despite India’s nationwide ban on real-money gaming implemented in October 2025, Magicwin leveraged celebrity endorsements to rapidly grow its user base. This legal action underscores the government's commitment to curbing the financial drain caused by offshore betting platforms through stricter PMLA enforcement.