India likely to table Online Gaming Bill banning money-based games on Wednesday – sources

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India is set to introduce the Online Gaming Bill in parliament on Wednesday that seeks to ban money-based games, according to two government sources.

The decision enjoys broad political backing, the sources said, adding that while there are concerns over job losses, policymakers believe the negative social consequences of real money gaming far outweigh them.

The draft Bill is expected to prohibit any person from offering online money games or related services in India. It will also bar advertisements and financial transactions connected to such games,…



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India likely to table Online Gaming Bill banning money-based games on Wednesday – sources


India is set to introduce the Online Gaming Bill in parliament on Wednesday that seeks to ban money-based games, according to two government sources.

The decision enjoys broad political backing, the sources said, adding that while there are concerns over job losses, policymakers believe the negative social consequences of real money gaming far outweigh them.

The draft Bill is expected to prohibit any person from offering online money games or related services in India. It will also bar advertisements and financial transactions connected to such games,…



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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