Lost Rs 18 lakh in 6 months: Financial advisor’s warning on online betting
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar wrote in a LinkedIn post, cited by India Today, that a client lost ₹18 lakh to betting apps and borrowed to keep playing. He said such apps exploit behavioural finance and urged young people to pause before using them.
More of Abhishek's views on money management
The article reports on a financial adviser's LinkedIn post about a client who lost ₹18 lakh to online betting in six months. It describes how betting apps use casino-style design to hook users, how losses push people into loans, and the call for a national law.
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Lost Rs 18 lakh in 6 months: Financial advisor’s warning on online betting