Centre proposes self-regulatory body for online gaming companies

The government is set to commence public consultation for online gaming with a self-regulatory body (SRO) responsible to certify what is permitted as an online gaming intermediary in the country, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said in a press briefing on January 2, as the Centre released draft rules to regulate the nascent but growing sector.

• Central law to regulate the sector
• Grievance redress mechanism and mandatory verification of players and physical Indian addresses for online gaming companies in India
• Inter-ministerial task force to propose rules for regulating online gaming
• Gambling and batting
• MeitY is now the nodal ministry regulating online gaming.
• How to tackle addiction and commercial losses
• Expanded regulation is necessary
• Game of skill with 28% GST
• Game of skill or game of chance
• Pay to play skill games
• Obligations that were not included in the presented Gaming (Regulation) Bill of 2022.
• Crimes in the Online gaming space
• Does it cover under the Indian Penal Court
• The regulatory perks India has to look forward to
• Tools and procedures for responsible gambling
• Marketing standards that are strict
• Preventing underage gambling
• Anti-Money Laundering (AML) procedures are used to prevent money from being laundered.
• Fairness is ensured.
• Taxation
• Taking on social responsibilities

Malhotra can share his strong opinion from a regulation point of view and has clients like WinZo to whom he gives his valuable insights. His knowledge in this domain can help you build up your story with legal facts. TMT Law Practice