Karnataka plans regulatory authority to license real-money gaming, ban online betting

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The Karnataka government plans to establish a four-member regulatory authority to oversee the real-money gaming (RMG) industry within the state and tackle the growing issue of online betting.

The authority, to be known as the Karnataka Online Gaming and Betting Regulatory Authority, will have the power to distinguish between games of skill and games of chance based on judicial precedents and industry standards, and to issue licences to skill-based gaming operators, according to a draft bill to amend the Karnataka Police Act, 1963.

The bill, which is…



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Karnataka plans regulatory authority to license real-money gaming, ban online betting


The Karnataka government plans to establish a four-member regulatory authority to oversee the real-money gaming (RMG) industry within the state and tackle the growing issue of online betting.

The authority, to be known as the Karnataka Online Gaming and Betting Regulatory Authority, will have the power to distinguish between games of skill and games of chance based on judicial precedents and industry standards, and to issue licences to skill-based gaming operators, according to a draft bill to amend the Karnataka Police Act, 1963.

The bill, which is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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