Through this policy, Maharashtra government is aiming for two-pronged goal: protect consumers from fraud and deception, while simultaneously legitimizing a booming sector through legal and economic channels.
Category: Gaming
Karnataka eyes year-end gaming regulation, but will it abandon its SC battle?
In recent developments, the Karnataka government has shown a willingness to distinguish between legitimate skill-based gaming and illegal betting activities.
NODWIN Gaming expands esports operations in the US
Nodwin Gaming Singapore incorporated a wholly owned subsidiary in the US market
Tamil Nadu’s regulatory model not a fit for Karnataka, RMG stakeholders tell govt
Special attention was given to why Tamil Nadu’s regulatory approach may not be suitable for Karnataka’s specific context, particularly given that betting and gambling fall under the State List of legislative authority.
SC to hear ₹2.5 lakh crore online gaming tax case on May 5
Apex court’s verdict will not only decide the fate of India’s online gaming industry but also set a critical precedent for how digital innovation is taxed and regulated in the country.
‘State Has No Jurisdiction’: EPWA counters Gaming Regulation in Madras HC
Last week, the court declined to intervene in the show-cause notices issued by the Tamil Nadu Online Gaming Authority (TNOGA) to several online gaming platforms.
Gameskraft invests Rs 21.7 crores in social gaming and live streaming platform Eloelo
Play Ventures is contributing the largest chunk with Rs 34.7 crore, followed by Gameskraft Technologies with Rs 21.7 crore, Kalaari Capital (Rs 13 crore) and WestBridge Capital (Rs 8.7 crore).
India’s gaming industry set to reach $4.5 billion by 2025, reveals AIGDF survey
The global video gaming market, currently valued at $199.74 billion in 2022, is projected to grow to $307.19 billion by 2029, at a 6.3% CAGR.
Quick Commerce or Quick cash? Zepto’s promotion of illegal betting firm Parimatch
Zepto not only promoted Parimatch but also went as far as including flyers in customer orders, essentially delivering gambling ads straight to people’s homes.
Aadhaar Authentication impossible, gaming companies tell Madras High Court
The court questioned whether the regulations could genuinely be deemed arbitrary or excessive, especially considering the potential harm caused by real-money gaming.