The Federation of Indian Fantasy Sports hailed the Union government's move to appoint the Ministry of Electronics and Information Technology (MeitY) as the nodal point for regulations in the online gaming sector. In its meeting here on Friday, the FIFS, formed in 2017 to create a thriving ecosystem for users and operators of fantasy sports, said it will help the sector, which contributes extensively to the country's economy. The meet was attended by Goa transport minister Mauvin Godinho, FIFS chairman Bimal Julka, director general Joy Bhattacharjya, and heads of several online gaming firms. Addressing the meet, Godinho said Goa was keen on attracting investments from the online gaming sector as the state is the best place for innovation. The meet deliberated on regulations for the online gaming industry in the Union Budget, the future of the Animation-Visual Effects-Gaming-Comics (AVGC) sector, and the appointment of MeitY as the nodal ministry for skill-based online games, an FIFS
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The states will also be asked to appoint grievance redressal executives and nodal contract executives
The industry's worry is the "knee-jerk reaction" of states in regulating the industry, Barde said
MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks
A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed
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Regarding rummy and poker as games of chance violates Supreme Court and Madras High Court judgments which overturned the law banning online games
The Federation also believes that the ban can have an adverse effect on the state and will push more and more people towards illegal offshore websites
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Sector takes hope from High Courts previously overturning such prohibitions by state governments
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India esports athletes body EPWA has urged the Tamil Nadu government to recognise skill games as a distinct sport and not club it along with gambling and provide safe harbour for professional players, a senior official of the entity said on Friday. "We have sent representation to the state government on August 13. We have requested the Tamil Nadu government to recognise skill games as a distinct sport and not club it along with gambling and provide safe harbour for professional players," Esports Players Welfare Association (EPWA) Director Shivani Jha told PTI. The Madras High Court had in August last year struck down a recent amendment made to the Tamil Nadu Gaming Act, passed in 1930, which imposed a ban on online gaming of rummy and poker with stakes. The bench declared, Part II of the TN Gaming & Police Laws (Amendment) Act, 2021, as unconstitutional which banned betting or wagering in cyberspace and also games of skill if played for a wager, bet, money or other stakes. The ...
Betting, gambling are unlawful in most parts of the country and online gaming platforms are treated as illegal when game of chance is involved in those platforms, Parliament was informed on Wednesday.
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The deal follows Electronic Arts' $2.4 billion acquisition of Glu Mobile last year as game studios look to build their mobile portfolios