Winzo and the Enforcement Directorate’s Actions

The Enforcement Directorate has intensified its efforts against the real-money gaming platform Winzo, provisionally securing overseas bank assets valued at Rs 505 crore as part of a continuing probe into money laundering. In a press announcement dated February 18, 2026, the ED’s Bengaluru Zonal Office revealed that movable properties totalling $55.69 million (around Rs 505 crore) have been linked to bank accounts located in the United States and Singapore.

These accounts are held under the names of Winzo’s foreign entities, Winzo US Inc. and Winzo SG Pte. Ltd., which the agency contends are operated and overseen by the founders of the company.

Previous Investigative Actions by the ED

The agency had previously undertaken search and seizure operations at Winzo’s office premises on November 18, 2025, followed by further searches at its accounting firm on December 30, 2025. A prosecution complaint was subsequently lodged with the Special Court under the Prevention of Money Laundering Act (PMLA) in Bengaluru on January 23, 2026.

Allegations Against Winzo

The ED has accused Winzo of employing dubious practices, such as permitting users to engage in real-money games against bots, AI systems, or algorithms without proper disclosure. Furthermore, the agency claims that the company restricted customer withdrawals and profited from “rake commission” on matches played between bots and actual users.

Financial Implications and Overview

As per the agency’s findings, Winzo allegedly generated proceeds of crime amounting to Rs 3,522.05 crore from FY22 until August 22, 2025. The ED added that a portion of these assets was transferred overseas, disguised as investments. With the recent asset attachment, the total amount of alleged crime proceeds restrained or frozen in this case now reaches approximately Rs 1,194 crore. The investigation is still in progress, and additional measures may follow as attention on the real-money gaming industry heightens.