News
India’s Parliament Bans Vast Online Gambling Sector
India’s new online gaming laws could see offenders face up to five years in prison.
India’s parliament has passed a sweeping bill banning online gambling, after government figures showed companies had stripped $2.3bn annually from 450 million people.
The ban affects platforms for card games, poker and fantasy sports, including India’s wildly popular homegrown fantasy cricket apps.
It also leaves the fate of the key sponsor for India’s national cricket team in question.
Dream11, India’s biggest fantasy sports gaming platform, was named on July 2023 as the country’s lead sponsor for three years, with its logo splashed on Team India jerseys.
No announcement has been made by the Board of Control for Cricket in India (BCCI) regarding that key sponsor.
“If it’s not permissible, we’ll not do anything,” BCCI secretary Devajit Saikia said Friday. “The BCCI will follow every policy of the country that is framed by the central government.”
The Promotion and Regulation of Online Gaming Bill was passed by both houses of parliament late on Thursday, and criminalises the offering, promotion and financing of such games, with offenders facing up to five years in prison.
Dream 11, in a statement posted on its website on Friday, noted that, following the passing of the bill, “cash games and contests have been discontinued”, but urged fans to “stay tuned”.
Other games remained online on Friday, with the bill still needing to be formally ratified by the president before taking effect.
“This legislation is designed to curb addiction, financial ruin and social distress caused by predatory gaming platforms that thrive on misleading promises of quick wealth,” a government statement said.
India’s wider gaming industry is one of the largest markets in the world, but the new law carves out exceptions for e-sports and educational games, which the government says will be promoted as part of the digital economy.
Aljazeera.com
-
Local News2 days agoGroup Queries NFF Credibility, Neutrality On Federation Cup
-
Local News3 days agoAjide/APC Unity Cup: Organisers Extend Registration Period As 125 Clubs Already Registered
-
Local News2 days agoVI Foot Ijora, Fortune FA Set for JOF U-13 Cup Final Showdown
-
Transfers20 hours agoKieran Trippier joins Wolves on free transfer after Newcastle exit as Rob Edwards lands major summer signing
-
Transfers19 hours agoCristian Romero to Manchester United? Red Devils preparing ambitious move for Tottenham captain
-
World Cup 202620 hours agoKylian Mbappe insists he’s ‘saving’ goals for World Cup as Michael Olise steals spotlight with hat-trick for France
-
Transfers21 hours agoDarwin Nunez offered shock Liverpool return after Al-Hilal exit leaves striker available on free transfer
-
World Cup 202621 hours agoTop referee denied entry to USA and set to miss World Cup in stunning immigration controversy