Online Gaming Bill: Kavin Bharti Mittal to wind up Rush in India, go all-in on US

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Kavin Bharti Mittal’s gaming platform Rush will shut down operations in India following the government’s move to impose a blanket ban on real-money games (RMG) under the newly cleared Online Gaming Bill.

Announcing the decision in a detailed Substack post, Mittal, founder and CEO of Hike, the company behind Rush, said the government’s position had become unambiguous: RMG will not be allowed in India.

“Through GST hikes, regulatory ambiguity, and now a bill rushed through without industry consultation, the message is loud and clear,” the…



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Online Gaming Bill: Kavin Bharti Mittal to wind up Rush in India, go all-in on US


Kavin Bharti Mittal’s gaming platform Rush will shut down operations in India following the government’s move to impose a blanket ban on real-money games (RMG) under the newly cleared Online Gaming Bill.

Announcing the decision in a detailed Substack post, Mittal, founder and CEO of Hike, the company behind Rush, said the government’s position had become unambiguous: RMG will not be allowed in India.

“Through GST hikes, regulatory ambiguity, and now a bill rushed through without industry consultation, the message is loud and clear,” the…



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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