India's draft online gaming rules: What real-money gaming startups and industry bodies are saying
- ayodhyaprasad
- Jan 4, 2023
- 1 min read
The draft regulations are expected to shape the future of the burgeoning online gaming industry in the country. It comes amid unprecedented growth the sector has witnessed in recent years.
RAJAT PRAKASH in conversation with moneycontrol.com on recent India's draft online gaming rules told them that these draft rules will bring much-needed regulatory certainty to the industry and help in weeding out unscrupulous players. They will also increase the cost of compliance for the sector.
He further added that the definition could imply that these games will be legitimate online games under the rules.
This draft on online gaming rules is interesting, but it feels like the regulators don’t fully get how big the industry has become. Players want safety and clarity, startups want freedom to innovate, and right now it’s just confusing. Instead of bans and grey zones, why not build a clean framework like international markets do? Platforms such as rich11 already run with licensing and transparent deposits in INR, so the model exists. Wouldn’t it be smarter for India to work with operators rather than keep throwing them into legal uncertainty?
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