Gaming – Page 4 – storyboard18

Consumer advocacy groups demand ban on opinion trading platforms in India

The letter, written by CAIT's National President, B.C. Bhartia (a copy of which is with Storyboard18), highlights the rapid growth of opinion trading platforms, which have attracted over 50 million users in India.

Many advertisements, including influencer promotions, falsely portray earnings as risk-free, potentially violating ASCI and CCPA guidelines on deceptive promotions.

AIGF, FIFS, EGF fail to convince Tamil Nadu government; RMG operators in lurch

Haryana cracks down on gambling

On Friday, AIGF met with Tamil Nadu Online Gaming Authority (TNOGA) officials, only to receive instructions on implementation.

Head Digital Works acquires Adda52 parent Deltatech Gaming for Rs 491 crore

Head Digital Works operates real-money gaming platforms in the country with its flagship brand A23, offering online rummy and poker to over 75 million users

HDW will be acquiring Deltatech for Rs 491 crore. The transaction will be executed in two phases

Tamil Nadu gaming authority to stakeholders: Implement regulations or face criminal charges

It’s worth noting that in November 2023, the Madras High Court struck down the law banning online money games such as Rummy and Poker, declaring it "unconstitutional."

E-Gaming Federation on Tuesday met TNOGA officials Md. Nasimuddin and Dr. M.C. Sarangan to discuss issues pertaining to Tamil Nadu’s RMG regulations.

Delta Corp to sell DeltaTech Gaming to Head Digital Works in ₹491 crore deal

The transaction shall be done in 2 parts with an initial acquisition of 51% of DGL by HDW, followed by a merger of DGL with HDW. Upon completion of the merger, DCL will hold 5.7% stake in HDW.

The consolidation of RMG companies are likely to increase due to uncertain regulatory policies and 28 percent GST regime impacting the industry.

“Don’t ban us, regulate us”: Opinion Trading platforms demand regulations

The Ministry of Electronics and Information Technology (MeitY) published a report on 'AI Governance Guidelines Development' for public consultation on January 6, 2025.

Storyboard18 had earlier reported about the rise of opinion trading games on real-money gaming platforms, which has drawn the attention of the Ministry of Electronics and Information Technology (MeitY).

ASCI signs MoU with the online gaming federations to protect consumers against offshore betting ads

Since the kickoff of the MoU in January 2025, ASCI has flagged 413 ads of offshore betting to the Ministry of Information and Broadcasting and processed 12 advertisements for potential violation of ASCI’s RMG guidelines. (Image Source: Media)

The MoU between ASCI and the online gaming industry federations establishes a framework to address these challenges through a special monitoring cell that will focus on screening and reporting offshore betting and gambling advertisements to the concerned ministries.

Indian sports-tech industry to hit Rs 49,500 crore by 2029: FIFS-Deloitte report

The Indian Fantasy Sports industry, a part of the Fan Engagement sub-sector, is the largest contributor to the sports-tech industry in India with revenues touching Rs 9,100 crore in FY24. The sector however is bracing for impact as a result of the change in GST laws.

RMG industry divided over Tamil Nadu’s online gaming regulations

TNOGA regulations will primarily impact pay-to-play games such as Rummy and Poker. Multiple RMG federations and operators are evaluating how to implement the TNOGA regulations.

The gaming federations will seek six months of time for the implementation while some RMG operators believe a formal lawsuit should be filed immediately, others are hesitant.

TNOGA Regulations enforced, RMG operators face compliance challenges

At the previous hearing, the petitioners urged the court to declare certain sections of the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act of 2022 unconstitutional.

The regulations took effect on the date of publication in the Tamil Nadu Government Gazette, leaving RMG (Real Money Gaming) operators scrambling to comply with the new rules or risk criminal liability.