Exclusive | Gaming firms to plead for relaxation on transaction ban under Online Gaming Bill: Sources

Share via:


Gaming companies are set to approach the government for clarity on key provisions of the newly passed Online Gaming Bill, sources told CNBC-TV18.

According to people familiar with the matter, industry players are likely to plead that an immediate bar on financial transactions will make it difficult for them to refund gamers, as there would be no transition period to process user funds.

Companies are also expected to seek clarity on whether they can continue offering their existing games if the use of money is disabled. Another area of ambiguity 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.

Popular

More Like this

Exclusive | Gaming firms to plead for relaxation on transaction ban under Online Gaming Bill: Sources


Gaming companies are set to approach the government for clarity on key provisions of the newly passed Online Gaming Bill, sources told CNBC-TV18.

According to people familiar with the matter, industry players are likely to plead that an immediate bar on financial transactions will make it difficult for them to refund gamers, as there would be no transition period to process user funds.

Companies are also expected to seek clarity on whether they can continue offering their existing games if the use of money is disabled. Another area of ambiguity 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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Climate-tech startup Brisil Technologies raises pre-seed round led by...

Climate tech startup Brisil Technologies has raised Rs...

Phonak Audeo Infinio Ultra Sphere Review: Premium Hearing Aids

If you’re comparing the photos of the Audeo Infinio...

Super Bowl 2026 Performances: How to Watch the Halftime...

Super Bowl LX is approaching fast and is...

Popular

iptv polish iptv polish iptv polish iptv polish iptv polish iptv polish iptv polish iptv polish polish iptv polish iptv polish iptv polish iptv polish iptv polish iptv polish iptv iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal