MPL or Mobile Premier League is one of the more popular fantasy sports apps in the country. It has a high-profile figure like Virat Kohli as its brand ambassador and has been pretty aggressive about advertising its platform. Just as any other fantasy sports platform, though, MPL also comes with an element of financial risk. Can we lose money in MPL? Yes, you absolutely can.
Here is what you should know.
Can we lose money in MPL?
Fantasy sports apps now come with a disclaimer and warning before their advertisements warning users about the potential risk of financial loss and addiction. These are things that people worry about when they are gambling and while the court does not think that fantasy sports are gambling, we do not think there is too much of a difference between them.
That does not mean that you should not be taking part in either of them. It is your money and if you are of legal age to make that decision, we think you should have the freedom to do whatever you want with it as long as it is on the right side of the law.
Can we lose money in MPL? Yes, you absolutely can and you should be aware of that. Most people are attracted to these apps because they want to win money. The only way that you can win money if you spend money in the first place to enter the contest. Not everyone is going to be able to win and so the people that do not win the contest are going to lose some money.
If you are not careful then this little bit of money can become a lot of money and even spiral into a problem of addiction. This is what has lead to certain state governments putting in tough measures against online gaming apps.