Legalities
Indian Gaming Convention 2023: Uniting Pioneers and Policymakers for Industry Growth in New Delhi
The Indian Gaming Convention 2023, set to be held on December 5 at the Taj Palace in New Delhi, represents a significant milestone in India’s online gaming industry. This comprehensive conference is designed as a common advocacy platform for various stakeholders in the gaming sector, including industry pioneers, policy makers, and other key participants. The…
Madras High Court Lifts Ban on Online Rummy and Poker, Recognizes Them as Games of Skill
Experts, industry association welcome decision, say it upholds difference between games of skill and chance In a landmark decision, the Madras High Court has distinguished between online games of skill and chance, upholding the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022, but exempting rummy and poker from its prohibition…
Major Disruption: 28% GST Implementation on Online Gaming Shakes Industry Landscape
In a significant move that has sent shockwaves through the online gaming industry, the 28% GST regime officially took effect on October 1. This decision, as notified by the finance ministry, has resulted in tax notices totaling INR 1 Lakh Cr being served to online gaming firms, marking a substantial increase in their financial burden….
Tamil Nadu Bans Online Gambling Games: To Set their Own Regulatory Body.
The Tamil Nadu Government, released an official act to ban all online gambling games on October 3, Monday. Every game of chance operating within the regulations of the state will be abolished. The ban particularly mentions online poker and rummy games. The Tamil Nadu Government revealed this in an official gazette. On 26th September, Tamil…
Global Fantasy Sports Market Insight on The Fastest Growing Market in The World
As the global economy improves, the growth of the global “Fantasy Sports Market” in 2021 will differ significantly from that of the previous year. According to our most recent research, the Fantasy Sports industry will be worth USD million in 2022, up from USD 19500 million in 2021, a shift of percent. The Fantasy Sports…
The Indian Gambling Laws: Difference Between Game of Skill vs Game of Chance
The Difference Between Chance and Skill It is essential to understand the distinction between the two sorts of games as the game’s legal status might be affected by definition. Skill-based games are the ones that can be beaten over time. On the other hand, games of chance can be won in the short term and…
The Legality of Fantasy Sports in India
Fantasy sports has grown at an exponential rate in India, with more consumers becoming active users of fantasy sports apps and websites, as well as hundreds of entrepreneurs tapping into the vast potential offered by the industry in a country. With fantasy sports being labelled a game of skill rather than a field of online…
Niti Aayog’s Guiding Principles for Online Fantasy Sports in India
The Federation of Indian Fantasy Sports (FIFS) has said that Niti Aayog’s draught guiding principles will give the online fantasy sports business in India the needed fuel for “responsible expansion.” According to the organisation, it will also provide fair possibilities for all operators while protecting consumer interests and preventing any potential malpractices. Niti Aayog stated…
Top 10 Most Popular Online Fantasy Sports Platforms In India
What exactly a fantasy sport means? Fantasy sports (FS) are played online. Participants make their virtual team with the real players of a professional sport. The acts of the players are based on their statistical performances in the real sport or game they played. These games allow the participants to show their talent and knowledge…
What Constitutes as Game of Skill and Chance – Online Gaming
India’s gaming regulations are believed to be exceedingly convoluted and open-ended, with ambiguous language that makes clear interpretation difficult. The fundamental cause of this flaw is that the regulating rules, which were enacted before India’s independence, are highly antiquated. In India, gambling rules were traditionally overseen by the Public Gaming Act of 1867, which was…
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