Online Gaming

The final version of the rules has provided a three-month window for the body to complete the inquiry on whether a game should be permissible or not

The government on Thursday released new rules for online gaming which prohibit any game that involves betting and wagering, and entail a framework of multiple self-regulatory organisations (SROs). Online games involved in wagering or betting will fall foul of new online gaming rules, Minister of State for IT Rajeev Chandrasekhar told reporters here. There will be multiple SROs, and these SROs will have participation from all the stakeholders including but not limited to the industry. "We are dealing with a framework which allows for all online gaming to be determined as permissible or not, by an SRO and there will be multiple SROs," Chandrasekhar said. Permissibility will be determined with the simple principle of whether wagering is involved and "if wagering is involved, the SRO will be in a position to say that those online games are not permissible.

Transacting users in this IPL is expected to grow by 25-30 per cent, with 60-65 per cent of them coming from tier-II cities and beyond

WATCHER BEING WATCHED: Risk of capture of self-regulatory bodies flagged

The CBI has charge-sheeted a bank officer and his accomplice whose rapacious appetite for online gaming lured them to allegedly embezzle more than Rs 55 crore from various accounts, a major chunk of which was funnelled to virtual betting tables, officials said on Monday. In what transpired to be a tale of avarice and subterfuge, the CBI alleged that accused officer Bedanshu Shekhar Mishra and his accomplice Shailesh Kumar Jaiswal committed forgery in Punjab & Sind Bank, where Mishra was employed, to channel funds from various bank accounts into various betting games online, they said. Mishra was posted at the North Campus branch of Punjab & Sind Bank at Khalsa College of Delhi University since June 28, 2021. In a statement during bank enquiry, Mishra admitted to having used banking IDs of colleagues to make illegal transfers for online gaming purpose, the officials said. In the CBI's scrutiny, Mishra was found to have "illegally and without any authority" encashed 32 fix ...

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

A report on Friday showed added that consumer spending on games has gone up by around 40 per cent in the last three years

Gaming apps can help identify ongoing problems with navigation -- a common long-term symptom of traumatic brain injuries (TBIs) -- making these issues easier to diagnose and treat, claims a study

Gaming startup WinZO plans to invest USD 50 million (about Rs 410 crore), in the global gaming ecosystem as part of its flagship Game Developer Fund, the company said on Monday. The company expects to invest at least USD 10 million of the fund in US-based startups as part of the programme. "Indian gaming startup WinZO announced the fourth edition of its flagship Game Developer Fund with the largest ever corpus of USD 50 million to support the global gaming ecosystem. It expects to invest at least USD 10 million of the fund in US-based startups," the company said in a statement. WinZO is looking to invest the fund in startups across all forms of interactive entertainment-- game developers and publishers, economies around gaming, content creation, live-ops, and security. The games cover diverse genres from casual, action, sports to mid-core multiplayer games such as tennis, golf, more. "Given our platform play at WinZO where we have access to the performance of over 100 games by mor

On October 7 Governor Ravi promulgated an ordinance to prohibit online gambling and to regulate online gaming in the state

Platforms must follow verification procedure as prescribed under RBI's directions for entities regulated by it

Luna dropped 53 games, including titles like 'Snake Pass', 'Retro Classic: Gate of Doom' and 'Bridge Constructor Portal'

IGS 2023 will have several events like an exhibition, meet and greet, cosplay, product launches, product demonstrations and awards

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Council was to meet on Feb 18, but schedule may be changed

"We should have a central law and the regulation has to be very strict because society is impacted by addiction to online games, especially by online gambling," he said

The Centre on Monday told the Delhi High Court that the draft regulation in relation to online gaming has been circulated and it is in the process of finalising the same. The statement was made by the central government counsel before a bench of Chief Justice Satish Chandra and Justice Subramonium Prasad. The Centre's lawyer informed the court which was hearing petitions by Atul Batra and Avinash Mehrotra concerning the regulation of online gaming -- that consultations with the stakeholders have begun. Draft regulation has been circulated and consultations have started. Stakeholder meeting with all representatives, whether lawyers or civil society... two rounds have already happened. We are in the process of finalising the same, the lawyer said. In view of the Centre's stand, the court said it would take up the matter after eight weeks. The court closed the proceedings on the petition by Batra, a lawyer, after he said that no further order was required on his plea which sought on

The Finance Bill has made a critical distinction between games of skill and games of chance, classifying them into separate sections

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

MSI introduced laptops in the Stealth series, Titan GT series, Raider GE series, Cyborg series, Creator Z series, and more