New online gaming law12/12/2023 ![]() “The clear definition of real money and permissible games will be crucial in catalyzing the growth of legitimate industry players. “It will ensure the responsible and transparent growth of the industry, safeguarding consumer interests while curbing the proliferation of illegal offshore gambling sites,” said Chaturvedi.Įchoing a similar sentiment, Deepak Gullapalli, Founder & CEO, Head Digital Works (A23), said that the announcement of new rules by MeitY is a positive turning point for the gaming industry. He added that the industry also looks forward to the reduction in regulatory fragmentation at the state level to create a more stable business environment and combat gambling platforms.ĭr Subi Chaturvedi, Chief Corporate Affairs and Public Policy officer, InMobi Group, believes that the new guidelines will promote innovation and boost ‘create in India’ and ‘brand in India’ initiatives. ![]() According to Srinivas, the legal framework provided by the new rules will boost investor confidence.
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