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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The bill, if passed, is likely to impose strict penalties on gambling through digital platforms and make online betting a punishable offence.
The Union Cabinet on Tuesday approved the Online Gaming Bill that makes online betting a punishable offence, according to Economic Times. The bill, which is likely to be tabled in the Lok Sabha today, reportedly aims to bring online gaming apps under a clear legal framework.
The new bill is likely to introduce strict provisions for penalties, punishment and even banning of online games that involve betting and gambling, according to News18. The Ministry of Electronics and Information Technology could be designated as the central regulator for online gaming. Further, celebrities will not be allowed to endorse or …
The loss of business could dent volumes, but should have next to no effect on the bottom line of payment companies
The Indian government has banned online real-money gaming citing health concerns, but the evidence for treating it the same way as drugs or tobacco remains thin.
The complete ban on online gaming involving money is just the latest example of a country running on a whim. To anyone doing business in India, this should serve as a reminder that the axe of high-handed government regulation could fall at any time.
