Bill Banning Real Money Games Gets President’s Assent

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SUMMARY

With this, the Bill banning online money gaming services will become an Act once a notification is released announcing the date on which it will come into effect

The Centre is now tasked to constitute an authority to determine people engaged in in the now outlawed business, categorise games and formulate guidelines to be followed moving forward

Now, any business involved in the real money gaming business can be penalised in a range of INR 50 Lakh to INR 2 Cr along with an…



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Bill Banning Real Money Games Gets President’s Assent


SUMMARY

With this, the Bill banning online money gaming services will become an Act once a notification is released announcing the date on which it will come into effect

The Centre is now tasked to constitute an authority to determine people engaged in in the now outlawed business, categorise games and formulate guidelines to be followed moving forward

Now, any business involved in the real money gaming business can be penalised in a range of INR 50 Lakh to INR 2 Cr along with an…



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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