Before the Promotion and Regulation of Online Gaming Bill was passed in the Lok Sabha, Telangana, Tamil Nadu, Andhra Pradesh and Karnataka brought laws to regulate online gaming.
India should build on regulatory architecture instead of driving consumers into the shadows. The real choice is not between prohibition and inaction, but between regulation and chaos.
The Promotion and Regulation of Online Gaming Bill was passed in Lok Sabha Thursday which, while promoting E-sports, flags betting & gambling games as 'public health risk'.
Haryana Prevention of Public Gambling Bill includes provisions to penalise those involved in gambling activities, operating gambling syndicates, and running common gaming houses.
It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.
CM Stalin says MLAs can't have difference of opinion over 'gambling that kills people' and 'interferes with studies', adds that online gambling has claimed 41 lives.
The much-awaited regulations will shape the future of India's gaming sector that research firm Redseeer estimates will be worth $7 billion by 2026, dominated by real-money games
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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