GoI notifies new rules for online gaming, bans betting, will set up self-regulatory organisations
Fp Staff • 2 years agoOne of the biggest changes that will take place because of these rules, is that online games will now be legally divided in 2 categories - online real money games, where players will use their real , and online games.
The centre-state conundrum: Who should regulate online gaming in India and decide on its legalities
Anita Shekhar Castellino And Siddharth Chandrashek • 2 years agoThere is a lot of noise around the subject of who should get to regulate online gaming and online gambling, the state governments or the central government. Two prominent lawyers share their perspectives on the subject.
Deep diving into the future of the online gaming industry in India
Sunil Yadav • 2 years agoOnline gaming in India has a ton of potential as an industry in India. However, it also faces some massive challenges as well.
The dark side of online gaming: From people in debt to ruined families, online gaming in India needs to be regulated
Mehul Das • 2 years agoThere have been many instances where people have ruined themselves financially and even died by suicide because they were addicted to online gambling and online gaming. The only way to stop this is by regulating the industry as we regulate regular gambling.
Online gaming platforms want their users to believe that their products are a game of skill. Are they really?
Mehul Das • 2 years agoFantasy leagues and many online gaming platforms find themselves in a position where it is legally critical for them to be perceived as games of skill, where luck has zero chance of influencing the outcome of the game.
How betting apps and fantasy leagues appropriated and bastardised the term “online gaming”
Mehul Das • 2 years agoOnline games used to refer to online video games that people played for entertainment, fun, socialising and to build a community. Now, betting games and fantasy leagues have appropriated the term and corrupted what the term originally signified.
Game of luck vs Game of skill: What exactly is the difference between the two?
Mehul Das • 2 years agoAlthough the Supreme Court of India and the Indian Government have declared online games like rummy, poker and fantasy leagues as games of skill, people who want online games like these to be regulated believe they still are games of luck.
Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked
Fp Staff • 2 years agoThe Indian government has finally decided that online gaming essentially falls under the category of ‘demerit goods’ and hence should attract a 28 per cent GST.
India’s MIB orders Google to stop showing advertisements of online betting websites and games
Fp Staff • 2 years agoAccording to estimates by the All India Gaming Federation or AIGF, over Rs 5,000 crore is being deposited in the accounts of multiple agents of offshore betting companies every month. Google has been asked to drop ads that direct users to such betting platforms.