Online Gaming – storyboard18

RMG players’ woes increase, while Rs 8.2 trillion illegal betting market grows

Thirty petitions have been filed by RMG companies challenging retrospective GST demands exceeding ₹1.5 trillion, calculated at 28% on the face value of bets.

Beyond taxation challenges, RMG companies are urging the government to refine online gaming regulations to clearly differentiate between skill-based gaming and betting or gambling.

Govt intensifies surveillance on Chinese companies masquerading as RMG operators

Storyboard18 also reported that RMG operators submitted a list of over 540 illegal websites and apps to Directorate General of GST Intelligence (DGGI) following the implementation of the 28% tax regime on October 1, 2023.

Chinese apps and websites are under the govt’s scanner over money laundering suspicions, posing a potential threat to national security and contributing to gambling addiction among citizens.

Is Rummy a sport? SOGF fuels debate on skill vs chance in gaming

Skillhub Online Gaming Federation (SOGF) has initiated efforts to promote Rummy—a card game—as a competitive sport.

In September 2024, the Bombay High Court heard a Public Interest Litigation (PIL) seeking to ban online Rummy platforms, such as Junglee Rummy and RummyCircle, in Maharashtra.

Misleading advertisements plague video gaming industry, ASCI to probe

According to research by Newzoo, 72% of individuals aged 35-54 and 46% of those aged 55 and older play video games at least once a week.

Despite gaming’s 3.4 billion audience and significant cultural impact, in-game advertising investment remains slow.

GDAI signs MoU with FICCI to streamline gaming policies, sector growth

The MoUs with the states of Rajasthan and Sikkim further stipulate that GDAI will provide expertise in skill development and expanding the video gaming industry.

GDAI has also signed MoUs with the states of Rajasthan and Sikkim to enhance game development, align policy initiatives, and drive innovation.

EXCLUSIVE: India’s gaming industry gets clarity, RMG sector to be regulated by MeitY

Multiple think tank policy consultants have raised concerns over the challenges posed by emerging technologies like Artificial Intelligence.

The longstanding demand to differentiate between entertainment-focused gaming and pay-to-play gaming has finally been addressed by the government of India.

Gladiator Esports acquires Bengaluru based Gods Reign

The newly assembled team, which had a combined prize pool earnings of approximately INR 2.5 crores ($276,703) in FY23.

This consolidation aims to streamline operations, strengthen brand identity, and leverage the combined resources of both entities.

High taxes and policy uncertainty drive Real Money Gaming operators offshore

Skillhub Online Gaming Federation (SOGF) has initiated efforts to promote Rummy—a card game—as a competitive sport.

Real Money Gaming (RMG) was the largest contributor to the gaming sector in India, comprising 83-84% of overall revenue in FY22, according to a report by Grant Thornton Bharat titled Guardians of Safe Play: Ethical Gaming for Vibrant Bharat.

PM Modi highlights Indian animation growth, praises ‘Chhota Bheem’ on Mann Ki Baat

The Prime Minister praised India's animation studios for partnering with global giants like Disney and Warner Bros., creating original content that showcases Indian culture on the world stage. (Image source: World Bank Live)

In ‘Mann Ki Baat,’ Prime Minister Modi praises Indian animation and calls on youth to innovate in the booming animation and gaming industries.

Indian online gaming sector faces threat from money laundering, reveals Digital India Foundation report

Platforms like Netflix, Amazon, and even LinkedIn are embracing gamification.

The Indian Real Money Gaming (RMG) sector has become a key player in the global market with a CAGR of 28% from FY20 to FY23 and its projected revenue is set to reach $7.5 billion within next five years.