So far there has been a lot of talk about potential, but very little money is actually being made—and mostly by only one company
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Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
IPL 2024 is all about hitting boundaries and strike rates, but the Indian team announced in the middle of the tournament for the T20 World Cup in June doesn’t feature many top performers.
The grouping of the sector alongside betting and gambling firms in the tax regime opens up the prospect of the central bank denying it access to payment gateway services.