• UGI USER
  • Feb 13, 2024
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PROPOSALS FOR INDUSTRY BODY REJECTED, CENTRE TO REGULATE E-GAMING

Why in the news?

IT rules mandate approval from a regulatory body for online real money games.

source: clipground

Regulatory Requirements for Online Gaming:

  • Government Regulation of E-Gaming:
  • Ministry of Electronics and Information Technology (MeitY) to prepare guidelines for regulating the online gaming sector.
  • Rejects proposals for an industry-led self-regulatory organization (SRO), citing industry dominance in submissions.
  • Online Gaming Rules:
  • IT rules mandate approval by a regulatory body for online real money games.
  • Games without real money involvement exempt from regulatory requirements.
  • Government’s Approach:
  • Rejects industry-dominated applications, emphasizing the need for a neutral regulatory body.
  • Industry Response and Expectations:
  • Industry associations and companies seek clarity on rules, responsible gaming, player protection, and financial fraud prevention.
  • Demand for a regulatory structure similar to SEBI for the e-gaming sector.
What is E-gaming?

E-gaming in India refers to the participation in electronic games, often competitive, across various platforms such as PC, console, and mobile devices, encompassing a wide range of genres and competitions.