– Outlawing all forms of online betting and gambling (e.g., fantasy sports, card games like poker/rummy).
– Imposing penalties including imprisonment up to three years and fines up to ₹1 crore for violations.
The passing of the Promotion and Regulation of Online Gaming Bill signifies a decisive step by india toward addressing concerns about monetary exploitation in digital spaces. By targeting activities perceived as gambling or betting under broader definitions (including fantasy sports), lawmakers aim to tackle risks such as addiction, loss of income for users, financial scams, and potential avenues for money laundering.
While the prohibition may help safeguard vulnerable citizens from predatory practices, it raises questions about its impact on innovation within india’s burgeoning gaming sector. Companies engaged in legal real-money gaming could face disruption until clearer regulatory frameworks are introduced via further legislation or clarifications. Overall societal implications will hinge on effective implementation alongside providing awareness around ethical technology use.
For more details: Link