Online Casinos Real Money India – In this illustration, taken on September 14, 2022, the words “Online Gaming Rules in India” appear in front of the Indian flag. /Dado Ruvic/Illustration
NEW DELHI, Dec 4 () — India’s planned regulation of online gambling will apply to all real-money games after the Prime Minister’s Office rejected a proposal to regulate only games of skill and exclude gambling, according to a government document and three sources.
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The long-awaited regulations shape the future of India’s gaming sector, which research firm Redseeer estimates will be worth $7 billion by 2026 and is dominated by real-money games. Tiger Global and Sequoia Capital have backed Indian fantasy cricket startups Dream11 and Mobile Premier League in recent years.
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The Indian commission tasked with drafting the regulation proposed a new body in August that would decide whether a game involves skill or chance and then allow games of skill to be governed by planned federal rules that include registration requirements, know-your-customer rules and a complaint. compensation mechanism.
It has previously been reported that gambling, which is considered similar to gambling that is mostly banned in India, should remain under the jurisdiction of the individual state governments, which are free to regulate them.
But at a cabinet meeting on Oct. 26, a spokesman for Prime Minister Narendra Modi’s office objected to such differentiation and called for increased oversight of all types of gambling, according to reviewed confidential meeting minutes.
Distinguishing games as craft or randomness has been difficult due to a lack of legal clarity and conflicting court decisions, according to the transcript, which said the official added that “online gaming can be viewed as a single activity/service without any distinction.”
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The definition of gambling is controversial in India. India’s Supreme Court has stated that, for example, the card game rummy and some fantasy games are skill-based and legal, while different state courts have different views on games such as poker.
Modi’s office and the Information Technology Ministry, which drafts the rules, did not respond to a request for comment.
Three people directly involved in the regulatory process, including two government officials in New Delhi, said the rules would give the federal administration greater control over all types of gambling, while state governments would still have the power to impose outright bans on gambling or gambling. .
The development of the new rules comes amid growing concern that the proliferation of such games, particularly among young people, has led to addiction and financial loss, as well as some reported suicides.
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A government source said the Modi administration remains concerned about potential reliance on such platforms.
A government commission’s report in August recommended that the new rules include so-called “anti-addiction measures” such as periodic warnings and advice, as well as setting deposit and withdrawal limits. Best Casino App in India (2022): Most Popular Indian Casino Apps for Real Money. Casino games and bonuses
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